
IBB, Picus-backed Getsurance sold to trade
Insurance technology business Getsurance, a portfolio company of Picus Capital and IBB Beteiligungsgesellschaft, has been sold to insurance business Nürnberger Versicherung.
According to a statement, Nürnberger Versicherung expects that the acquisition will expand its digital product offering.
Getsurance filed for insolvency in October 2020. Ulrich Schade of law firm Boege Rohde Luebbehuesen was appointed as provisional administrator. The sale is part of an insolvency plan, which will see the company retain its employees, according to the same statement. The company will continue to be based in Berlin and operate under its current brand.
Previous funding
In April 2017, Picus and IBB led a €2m seed round for Getsurance. Swiss bank Postfinance also participated in the round.
Company
Founded in 2016 and headquartered in Berlin, Getsurance is a digital platform that provides insurance products for health and life insurance. The company has fewer than 50 employees, according to LinkedIn.
People
Getsurance – Johannes Becher, Viktor Becher (co-founders).
Nürnberger Versicherung – Harald Rosenberger (CEO).
IBB Beteiligungsgesellschaft – Clemens Kabel (investment director).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater