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Freshfields advises Baloise on selling FRIDAY’s portfolio to Allianz
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).
