Schalast advises BCA AG in the acquisition of the InsurTech Start-Up asuro GmbH
BCA AG ("BCA"), one of the largest associations of independent agents and brokers in Germany, has acquired all shares of asuro GmbH ("asuro"), the InsurTech company behind the innovative asuro insurance platform ant the app with the same name, from Hoesch Group AG with the support of the lawyers of Schalast.
The insurance platform developed under the lead management of Mr. Carlos Reiss as managing director of asuro is to be adapted to the needs of BCA following the takeover and integrated into the existing BCA software. BCA thereby intends to consistently expand its own development capacities and to have an even faster implementation speed for future technical projects.
As a wholly-owned subsidiary, asuro will remain an independent brand with its business model under the BCA umbrella. The current managing director, Mr. Carlos Reiss, will to continue to contribute his industry expertise to the BCA-Group in the same function.
Advisors BCA AG: Schalast Rechtsanwaelte und Notare (Frankfurt); Prof. Dr. Christoph Schalast, Associates: Sven Bösing LL.M. (Georgia) and Dina Ostmann (all Corporate M&A).
Advisors Hoesch Group AG and Carlos Reiss (known in the market): Beiten Burkhardt (Frankfurt); Dr. Detlef Koch; Dr. Mario Riechmann