Heliad acquires holding in Jamba Service GmbH, a leading company in special insurance field
Frankfurt, September 20, 2007.
Heliad, a listed private-equity investment company, has acquired an interest in Jamba Service GmbH (“Jamba Service”), a leading special insurance broker. The former subsidiary of Geneva-based Verisign SA, in which Heliad has acquired a majority shareholding through a subsidiary it has founded especially for this purpose, will be supported by Heliad in its planned future expansion. As a result of this investment by Heliad, the complementary networks of both companies in the telecommunications and financial services markets can be utilised to promote Jamba Service's further development.
Jamba Service offers its customers insurance cover and extended warranties for mobile electronic equipment and products. The company, which is headquartered in Berlin, is supported by a network of more than 500 sales agents. Since its foundation in 2003, the company has acquired more than a million customers and, with profitable growth in excess of 30% a year is one of the fastest growing financial service companies in German-speaking countries.
“Experienced management along with the unique marketing position resulting from close cooperation with leading companies in the insurance and merchandising sectors persuaded us to invest. Jamba Service occupies an extremely attractive niche in the financial services market and is an excellent fit for our portfolio of strongly-growing entrepreneur-managed business models,” states Dr. Dirk Posner, the neur-managed business models,” states Dr. Dirk Posner, the partner who conducted the transaction for Heliad.
Corporate Finance Partners acted as consultants to the sellers in the transaction, while the buyers were advised by ECP Equity Consulting Partners.
Heliad is a publicly listed investment company that focuses on companies in predominantly German-speaking countries that are undergoing a strong growth phase. Heliad invests into established, owner-run business models with sales of between 10 and 100 million Euro.
With this strategy Heliad has occupied a highly attractive niche between Venture Capital and large Buyouts. With around 3,750 employees, thecurrent total of 14 companies within Heliad’s portfolio generate combined sales of more than Euro 370 million. Further information about the company can be found at http://www.heliad.de/.