Allianz X GmbH has entered into binding agreements to acquire The Innovation Group Limited on October 10, 2022. Partnering with Allianz X will provide Innovation Group with the support to accelerate the investment in its technology and global services capabilities, benefiting both clients and employees. Importantly, following the transaction, Innovation Group will maintain its operating independence, management team, brand and culture.

The transaction is subject to the approval of the relevant competition and regulatory authorities. Deal is expected to close in early 2023. Wessel Heukamp, George Swan, James Smethurst, Elizabeth Oberholzer, David Beutel, Peter Clements, Ulrich Sittard, David Schwintowski, Olaf Ehlers, Sascha Arnold, Lukas Pomaroli and Martin Rehberg of acted as legal advisor to Allianz X GmbH.

Sarah Milde of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to Allianz X GmbH.