AssFiNET Group has been acquired by Acturis Group Limited
April 2015 — The shareholder of AssFiNET Group, a software developer for the insurance industry, has completed the sale of the company to Acturis Group Limited (Acturis), a leading software service provider, for an undisclosed consideration.
AssFiNET is the leading broker software developer in Germany with a market share of more than 25%. AssFiNET’s broker software provides support for the entire broking process including connectivity to insurers and to quote comparison systems.
Acturis is the leading UK, award winning software-as-a-service provider to the insurance industry with more than 25% per year-on-year growth over the last seven years. The Acturis System is an administration, distribution and underwriting platform used by insurance brokers and underwriters and now has more than 11,700 users across over 400 sites in the UK. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards in 2006, 2007, 2009 and 2010, and the British Insurance Technology Award in 2011.
Our role in the transaction
Oaklins' team in Germany exclusively advised the shareholder of AssFiNET Group on finding a strategic partner for the business.
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreOEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn moreBolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn more