Buyout (LBO, MBO, MBI) • Internet Software and Services

Allianz X Acquires GT Motive

On September 16, 2021, corporate investor Allianz X acquired internet software and services company GT Motive

Acquisition Context
  • This is Allianz X’s 9th transaction in the Internet Software and Services sector.
  • This is Allianz X’s 1st transaction in Spain.

Explore All 674 Buyout (LBO, MBO, MBI) Internet Software and Services Deals - Search the Database Free


M&A Deal Summary

Date September 16, 2021
Target GT Motive
Sector Internet Software and Services
Buyer(s) Allianz X
Deal Type Buyout (LBO, MBO, MBI)

Target Company

GT Motive

Madrid, Spain
GT Motive is a Software-as-a-Service (SaaS) company that develops solutions for estimating and managing automotive insurance claims, as well as maintenance and mechanical breakdowns. It serves business customers across the automotive, insurance, and fleet & leasing industries. GT Motive was founded in 1971 and is based in Madrid, Spain.
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Buyer Overview 1

Buyer

Allianz X

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 1.7B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich, Germany.


Deal Context for Buyer #
Overall 27 of 30
Sector: Internet Software and Services 9 of 10
Type: Buyout (LBO, MBO, MBI) 2 of 3
Country: Spain 1 of 1
Year: 2021 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 GO-JEK

Jakarta, Indonesia

GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 finanzen Group

Berlin, Germany

finanzen Group is a European B2B online marketplace for high-value consumer traffic in the insurance and financial services sectors. Finanzen.de uses a proprietary platform to connect lead generators and buyers in real-time. finanzen Group was founded in 2004 and is based in Berlin, Germany.

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