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Deloitte Corporate Finance GmbH advised ERGO on the sale of three D.A.S. insurance entities
Allianz SE acquired three D.A.S. legal protection insurance entities from ERGO Group AG. More precisely, Allianz acquired 100% of the share capital of the Swiss D.A.S. subsidiary and the portfolio of D.A.S Luxembourg and D.A.S Slovakia.
The Deloitte Corporate Finance GmbH in Munich led by Reiner Schwenk (MD) and Gerasimos Papadatos (Partner FSI) advised ERGO and respectively its parent company Munich RE on the sale of three D.A.S. insurance entities, Europe’s No 1 brand for legal protection insurance.
The divestiture is an important cornerstone for ERGO’s three pillar-strategy defining the group’s international business activities. The programme aims to strengthen ERGO’s position in developed European markets, as well as in growth markets such as China and India.
With the acquisition, Allianz aims to utilize the growth opportunities in the non-life business and further strengthen its competitive position.
Operationally, the deal was supported by the Munich M&A Team, namely Benjamin Goerwitz (AD), Ilenia Baldelli (Mgr), Julia Merz (Analyst) and Jan Schotte (Analyst).
Deloitte is the leading M&A advisor in the FSI industry.
About the client
ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries with a premium income of EUR 17bn. ERGO is part of Munich Re, one of the world’s leading reinsurers and risk carriers.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide strategic M&A advice and financial advisory services to large and mid- market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.