M&A Deal Summary

Allianz X Acquires Innovation Group

On October 10, 2022, corporate investor Allianz X acquired insurance company Innovation Group

Acquisition Highlights
  • This is Allianz X’s 5th transaction in the Insurance sector.
  • This is Allianz X’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-10-10
Target Innovation Group
Sector Insurance
Buyer(s) Allianz X
Deal Type Buyout (LBO, MBO, MBI)

Target

Innovation Group

Hampshire, United Kingdom
Innovation Group provides technology-enabled claims and incident management solutions for insurers, brokers, fleet operators, and automotive manufacturers. The company helps clients streamline claims, manage vehicle and property incidents, and unlock new revenue through value-added services. Innovation Group is based in Hampshire, United Kingdom.

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Buyer(S) 1

Buyer

Allianz X

Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B 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.


DEAL STATS #
Overall 29 of 29
Sector: Insurance M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider offering a range of comprehensive services, including transportation, logistics, payment, food delivery, and other on-demand services. It connects users to over 1 million driver partners, more than 150,000 food vendors, and numerous other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Urgently

Vienna, Virginia, United States

Urgently keeps vehicles and people moving by delivering safe, innovative, and exceptional mobility assistance experiences. The company’s digitally native software platform combines location-based services, real-time data, AI, and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics, and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 operating partners and an estimated Service Provider Professional Network of 80,000+, it delivers innovative, transparent, and exceptional connected mobility assistance experiences on a global scale. Urgently was founded in 2013 and is based in Vienna, Virginia.

Sell -