Hogan Lovells advises IDEAL Versicherungsgruppe on the acquisition of myLife Lebensversicherung and HonorarKonzept

Press releases | 24 June 2022

Led by Dusseldorf partners Christoph Küppers and Christoph Louven, international law firm Hogan Lovells advised IDEAL Versicherungsgruppe with its parent company IDEAL Lebensversicherung a.G. on the acquisition of myLife Lebensversicherung AG and HonorarKonzept GmbH from the previous owner, Swiss INSUREVOLUTION Partners AG of Switzerland. The change of ownership is subject to the approval of BaFin. The parties have agreed not to disclose the purchase price.

Berlin-based IDEAL Lebensversicherung a.G. is an independent mutual insurer that was the first insurer in Germany to introduce private long-term care pension insurance and is still the market leader in this area. IDEAL also offers life insurance and pension products.

myLife Lebensversicherung AG is a German provider of life insurance and pension products. HonorarKonzept GmbH is a leading service provider for fee-based consulting in the areas of insurance and finance.

Hogan Lovells provided legal advice to IDEAL Versicherungsgruppe on all relevant aspects during the transaction.

Hogan Lovells Team for IDEAL Versicherungsgruppe

Dr. Christoph Küppers (Partner, Insurance/ Tax and Accounting), Dr. Christoph Louven (Partner, M&A/Corporate) (both leads), Matthias Rajhanov (Associate, Insurance/ Tax and Accounting), Dr. Tobias Böckmann (Counsel), Dr. Niclas Höhle (Associate) (both M&A/Corporate);

Dr. Marcus Schreibauer (Partner), Sarah-Lena Kreutzmann (Counsel) (both IP/IT/Data Protection);

Sebastian Faust (Counsel, Competition) (all Dusseldorf).