Sancovia advises Ufenau Capital Partners on the sale of the Fair Damage Group to CED
Sancovia Corporate Finance has successfully advised Ufenau Capital Partners on the sale of Fair Damage Control Holding GmbH ("Fair Damage Group"), a leading provider of claims settlement and repair services in Germany, to the CED Group ("CED").
The Fair Damage Group, based in Mönchengladbach, will become part of the pan-European CED.
Fair Damage offers its customers in Germany a comprehensive range of services related to claims and building management and employs around 140 staff. Under the established brands faircheck Schadenservice, RepairConcepts, and E.Via Schadenmanagement, the company provides comprehensive solutions in the areas of building and electronic damages - digitally supported by its own technology unit. With over 700 experts and partners, the Fair Damage Group ensures nationwide, efficient claims handling across Germany.
Through the acquisition, CED further expands its European presence, complementing its existing network in the Netherlands, France, Belgium, and Spain with the important German market. CED is a leading pan-European provider of insurance services. The group is active in the areas of Property, Mobility, and Vitality and has a strong cross-border claims organization.
Sancovia supported the seller as an exclusive M&A advisor throughout the entire transaction process.
