M&A Deal Summary

ManyPets Acquires Digital Edge Insurance

On October 25, 2022, ManyPets acquired insurance company Digital Edge Insurance from Munich Re

Acquisition Highlights
  • This is ManyPets’ 1st transaction in the Insurance sector.
  • This is ManyPets’ 1st transaction in the United States.
  • This is ManyPets’ 1st transaction in Delaware.

M&A Deal Summary

Date 2022-10-25
Target Digital Edge Insurance
Sector Insurance
Buyer(s) ManyPets
Sellers(s) Munich Re
Deal Type Divestiture

Target

Digital Edge Insurance

Wilmington, Delaware, United States
Digital Edge Insurance is an operator of an Insurance Company will enable the ManyPets group to underwrite its own policies in 45 states. Digital Edge Insurance is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

ManyPets

London, United Kingdom

Category Company
Sector Insurance
DESCRIPTION

ManyPets is a pet insurance provider. ManyPets is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Delaware) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Munich Re

Munich, Germany

Category Company
Founded 1880
Sector Insurance
Employees42,838
Revenue 60.1B EUR (2023)
DESCRIPTION

Munich Re is a global reinsurance company. ERGO, a Munich Re subsidiary, is the Group’s primary insurance brand. Munich Re was founded in 1880 and is based in Munich, Germany.


DEAL STATS #
Overall 4 of 4
Sector (Insurance) 2 of 2
Type (Divestiture) 3 of 3
State (Delaware) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Clareto

Richmond, Virginia, United States

Clareto is a medical record retrieval company for the life insurance industry. Clareto engages health information exchanges (HIEs), healthcare providers, and other data sources and facilitates the electronic exchange of health information pursuant to HIPAA-compliant authorizations in support of underwriting, claims, and other business processes for the life insurance industry. Clareto was founded in 2016 and is based in Richmond, Virginia.

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