GCA Altium is now part of Houlihan Lokey

Transaction Details

May 29, 2019


Technology, Business Services, Healthcare

Deal Type


Deal Value


Deal Team

Sascha Pfeiffer, Raiko Stelten, Martin Rezaie, Marius Becker

GCA Altium advises ACTINEO on partnering with Riverside

GCA Altium acted as exclusive financial advisor to the shareholders of ACTINEO on partnering with The Riverside Company. ACTINEO is the leading German InsurTech Player specialized in bodily injury claims. The Riverside Company is a global private equity firm.

Based in Cologne, Germany, ACTINEO is the leading provider of tech-enabled and data-driven services including digitalization, invoice checking and predictive analysis services for bodily injury claims to insurance providers in Germany. Currently, the company processes and digitalizes more than 120,000 bodily injury claims per year and develops prediction models for a customer base of more than 50 insurers. Customers benefit from increased transparency, control and thus better risk management. ACTINEO’s compelling results are proven through its remarkably high customer satisfaction and superior retention.

The Riverside Company, a global private equity firm focused on investing in growing businesses and with a commitment to investing in software, tech-enabled and data-driven business models, plans to support ACTINEO in becoming the central hub for bodily injury claims and developing into a key InsurTech platform for all major insurance providers.

ACTINEO founder Olav Skowronnek is looking forward to partnering with Riverside: “Riverside is the ideal partner for us, since they share ACTINEO’s vision and strategy. Furthermore, Riverside has a strong track record in partnering with founders and management teams and has the operating resources to help us achieve our goals. I am excited about working with Riverside to make ACTINEO bigger and better and create the leading player in the industry.”

Raiko Stelten, Managing Director of GCA Altium, commented: ”We are very happy for Olav Skowronnek and the wider management team to partner with Riverside as we believe ACTINEO will benefit strongly from their expertise and access to a global platform as the company continues on its strong growth path.”

The partnership ACTINEO-Riverside underpins GCA Altium’s strong expertise and significant transaction experience in the FinTech and InsurTech sector. Other recent announcements include the sale of Finanzen Group to Allianz X and the sale of RGI, a leading European vendor of insurance software, to Corsair Capital.

Terms of the transaction were not disclosed.

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