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Announced

Completed

Qmulus-backed Heinenoord completed the takeover of Intrasurance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Private

Single Bidder

Netherlands

Majority

Acquisition

digital insurance

Private Equity

Insurance Brokers

Completed

Synopsis

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Qmulus-backed Heinenoord, a broker, completed the takeover of Intrasurance, a company providing digital insurance. Financial terms were not disclosed. Heinenoord wants to strengthen and expand its market position in a strongly consolidating market and it is expanding its portfolio with new distribution partners. “Intrasurance focuses on non-life insurance in niche markets. Heinenoord offers a wide range of services. We see a lot of synergy and opportunities in this collaboration," Arie van den Berg, Heinenoord Director.

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