Transaction Details

October 26, 2021
Frankfurt

Sector

Technology, Business Services, Financial Technology and Services

Deal Type

M&A

Deal Team

Sascha Pfeiffer, Raiko Stelten, Steven Manja, Tim Zeymer

GCA Altium advises The Riverside Company and the founder of ACTINEO on signing a definitive agreement to sell the company to Verisk

GCA Altium acted as exclusive financial advisor to The Riverside Company and the founder of ACTINEO, Germany’s leading InsurTech company for bodily injury claims, on signing a definitive agreement to sell a majority stake in the business to Verisk (Nasdaq:VRSK), a leading global data analytics provider. This transaction marks GCA Altium‘s fourth sale of an insurance claims management specialist to a trade buyer in only twelve months.

ACTINEO, founded in 2009, is based in Cologne, Germany, and provides holistic data management and software-based solutions to support insurance companies in managing the entire bodily injury claims process. As the German market leader for the digitisation and medical assessment of bodily injury claims, ACTINEO has a customer base of more than 80 insurers throughout Europe. The company develops prediction models, AI solutions, and digital instruments technology for process automation for case management and cost controlling in bodily injury settlement.

In 2019 ACTINEO received a majority investment from The Riverside Company. Over the course of Riverside’s ownership ACTINEO has built out its technology platform and capabilities to extend its range of services and claim processing support. The company has also set up the joint venture ANTEVIS, specialised in innovative digital services for the medical codification and assessment of bodily injury claims in the field of medical malpractice liability, and expanded its business into the French, Italian and Spanish markets.

Verisk, a leading source of information about insurance risk, will help leverage the deployment of ACTINEO’s market-leading claims management technology across Europe, while exploring opportunities to introduce other Verisk claims solutions to key European markets.

Senior Partner Dr Michael Weber, who led the deal team for Riverside Europe, commented: “ACTINEO is a regional market leader in a rapidly growing specialist market sector, making the company a highly attractive asset for a strategic buyer like Verisk. ACTINEO’s business is based on long-term and deep client relationships with insurance firms and during the period of our investment we have seen the talented management team continue to cement and add to these relationships across Europe.”

Raiko Stelten, Managing Director at GCA Altium, added: “We are grateful to have been able to contribute to ACTINEO’s journey by first advising on the majority investment by Riverside in 2019 and now on creating a strategic partnership with one of the leading providers of predictive analytics and decision-support solutions to the insurance industry globally.”

The transaction is subject to customary closing conditions and regulatory review.

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