Global law firm Freshfields has advised Baloise Group on selling its portfolio holdings in digital insurer FRIDAY to Allianz Direct Versicherungs-AG. Allianz is acquiring the portfolios in Germany and France with a total premium volume of around CHF 50 million. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the competent supervisory authority. The deal is expected to be closed in mid-2025. Luxembourg law support was provided by Arendt & Medernach.
The Freshfields team was led by Partner Heiner Braun (Corporate/M&A, Frankfurt), Counsel David Schwintowski (Corporate/M&A, Singapore) and Principal Associate Laura Frühauf (Corporate/M&A, Munich) and also included: Counsel Marius Scherb (Corporate/M&A, Hamburg), Principal Associate Marius Stein (Corporate/M&A, Frankfurt) and Associate Jonas Regener (Corporate/M&A, Munich). Advice on employment matters came from Partner Ulrich Sittard (München) and Principal Associate Manuel Jäger (Düsseldorf). Tax advice was provided by Partner Tanja Walter-Yadegardjam and Principal Associate Sebastian Jung (both Frankfurt).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
