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Global law firm Clyde & Co has advised Finlex, a leading financial lines and cyber insurance sector platform operator, on its acquisition of Erichsen, Germany’s leading cyber insurance specialist.
The merger will be part of an asset deal, with Finlex acquiring Erichsen’s cyber business operations. The combination of the two companies will create a unique cyber know-how pool and the largest technology-based cyber insurance ecosystem in Europe.
Insurtech Finlex is a leading digital marketplace for or financial lines’ business segments throughout Europe. This includes D&O, cyber, legal expenses, fidelity, pecuniary loss liability and capital market transaction insurance. For insurers, the Finlex platform provides automated underwriting and access to the leading industrial brokers in Germany. Finlex is headquartered in Frankfurt am Main with offices in Berlin, Barcelona, Düsseldorf and Vienna.
The transaction was led by Munich-based corporate partner Eva-Maria Barbosa and also included Andreas Börner (partner, corporate/M&A, Munich), Jan Spittka (partner, data privacy and IT, Düsseldorf), and associates Ena Kurbegovic and Adriaan Louw (both corporate/M&A, Munich). Erichsen was advised by Allen & Overy.