English | Deutsch

m law group advises Accel Partners in acquiring stake in einsurance Agency AG

21.01.2008

m law group advises the venture capital firm Accel Partners in an acquisition of a stake in the amount of EUR 27m in einsurance Agency AG, a Munich company providing comparisons of insurances over the internet. With the strategic stake, Accel Partners wants to promote the expansion of einsurance.

Accel Partners is one of the largest venture capital firms worldwide. Accel Partners, based in Silicon Valley and London, founded more than 25 years ago, has raised a series of 9 funds, with 3 billion US-Dollars under management and helped build over 200 companies.

einsurance provides independent comparisons of insurances and financial services as well as opportunities for direct contract conclusion over the internet. The company, founded in 1999, by far is the no. 1 in selling insurance and financial services over the internet in Germany.    

Counsel to Accel Partners:
m law group: Dr. Hubert Besner (Lead), Dr. Florian Anselm (Corporate), Henno Groell (IP), Diana Massa (Corporate), Stephan Appt, LL.M. (IP).

Counsel to einsurance:
Pöllath & Partner, Munich: Philipp von Braunschweig (Corporate), Carolin Vanscheidt (Corporate).

Author: Dr. Hubert Besner
Practice Areas: Start-up & Venture Capital, Corporate & Compliance