Oppenhoff has advised VHV Versicherungen on the acquisition of the Eucon Group. The seller is the British private equity fund HgCapital. The parties have agreed not to disclose the purchase price.
Eucon is considered to be a digital pioneer of data and process intelligence. For more than two decades, the company based in Münster/Westphalia has been supporting companies in the automotive, insurance and real estate industries in digitising their processes, using data collections profitably and implementing digital business models. Among other things, the Eucon Group operates a global database for automotive spare parts and automated claims processing on the basis of AI for insurers. The company employs around 400 people.
The VHV Group, which has its headquarters in Hanover, is a German company for insurance, pensions and assets. VHV operates nationally and internationally as a primary insurer and reinsurer.
The Oppenhoff team led by Dr. Peter Etzbach comprised Rolf Koerfer (both Corporate/M&A), Dr. Markus Rasner (W&I Insurance), Dr. Gabriele Fontane (Management Participation), Dr Johannes Janning, Sebastian Gutmann, Marcel Markovic (all Corporate/M&A), Dr. Daniel Dohrn (Antitrust Law), Dr. Marc Hilber, Patrick Schwarze (both IT), Dr. Gunnar Knorr (W&I Insurance, Tax), Marc Krischer (Tax), Jörn Kuhn, Annabelle Marceau (both Employment Law), Dr. Fee Mäder, Anika Hellmann (both IP), Dr. Wolfgang Kotzur (Finance) and Marvin Rochner (Real Estate).
Oppenhoff regularly advises leading national and international insurance companies, most recently Zurich on the takeover of Insurtechs dentolo.