Announced
Financials
Sources
Tags
Germany
Pending
Single Bidder
Property and Casualty Insurance
Private Equity
Acquisition
Cross Border
Friendly
Private
pet insurance
Majority
Synopsis
JAB Holding-backed Pinnacle Pet Group, a European pet insurance platform, agreed to acquire AGILA Tierversicherung, a pet insurance provider, from WERTGARANTIE Group, an insurance company. Financial terms were not disclosed. "Following the successful establishment of a pet insurance platform in the USA and Canada, JAB is planning significant further investments in the fast-growing pet insurance market in Europe. We look forward to accelerating the growth of WERTGARANTIE’s pet insurance business as part of our focused pure-play pet insurance platform," Joachim Creus, JAB Managing Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.