CONSTELLATION TAKES A MAJORITY SHARE IN FAIRCHECK SCHADENSERVICE
As part of a succession plan solution, Constellation has taken over faircheck Schadenservice Deutschland together with its management team. Faircheck Schadenservice, which is headquartered in Korschenbroich in North Rhine-Westphalia, is one of the claims management and expert services for buildings, property and liability insurance. With a network covering all of Germany with more than 300 experts, the company predominantly handles buildings and property claims but also glass and electronics claims. faircheck’s high-quality digitised and standardised business model has strong growth potential within the still-young market for external service providers for property insurance business. Long-term contracts are in place with leading German insurers. In June 2015, the insurance industry honoured faircheck with the ‘Strong service provider’ award for the third time.
The investment in the private investors’ group Constellation took place in close collaboration with the founders of faircheck, Hubertus Marx and Susanna Martin, as well as the management team. Together, the intention is to grow the business over the next few years, both through organic growth and with acquisitions.
Sancovia initiated the transaction and provided consulting services to the buyer throughout the entire transaction process.