Noerr has advised the investment companies Aleph Capital Partners and Crestview Partners on a planned EUR260 million investment in the DARAG Group.
The financing for the transactions, which is subject to the usual closing conditions including the required regulatory approval, is being carried out via a fund controlled by the investors.
DARAG specialises in the acquisition of inactive insurance portfolios from insurers and reinsurers and has completed 23 transactions worth over EUR740 million in 15 countries since 2009.
Aleph and Crestview have a strategic alliance for European investment projects. As part of this latest investment, Aleph and Crestview will become shareholders alongside DARAG’s existing shareholder, Keyhaven Capital Partners.
