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New Deal


Announced

Luko to acquire Coya.

Financials

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

Sources

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Tags

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Friendly

Cross Border

Majority

Private

Pending

Germany

Acquisition

insurance services

Single Bidder

Full Line Insurance

Synopsis

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Luko, a European insurtech company, agreed to acquire Coya, an insurance license firm. Financial terms were not disclosed. Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulators. Coya will be renamed Luko Insurance AG and will retain its headquarters in Berlin, with other Luko Group offices in Paris and Madrid.

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