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New Deal


Announced

Allianz X to acquire ControlExpert from General Atlantic.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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vehicle claims management

Majority

Property and Casualty Insurance

Single Bidder

Private Equity

Friendly

Germany

Acquisition

Insurance Brokers

Private

Pending

Domestic

Synopsis

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Allianz X, a digital investment unit of Allianz Group, agreed to acquire ControlExpert, a provider of vehicle claims management, from General Atlantic. Financial terms were not disclosed. “Technical applications and platforms are crucial for capturing new opportunities in the digital era. ControlExpert has emerged as a clear leader in motor claims management in Germany and continues to show growth in international markets. We look forward to bringing together Allianz’s 130 years of experience in claims management and ControlExpert’s technological expertise to drive significant changes in the sector,” Nazim Cetin, Allianz X CEO.

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