Helsana Group acquires Adcubum: the advisors

Swiss insurance company Helsana Group acquired Adcubum, a software products specialist with headquarters in St Gallen. In connection with the deal, Niederer Kraft Frey advised the buyer, while Bär & Karrer represented TA Associates, the company who invested in Adcubum back in 2021. The closing of the transaction is planned for later this year.

The parties

Headquartered in Dübendorf, Helsana is an insurance company with a premium volume of around CHF 8.2 billion, and around 3’400 employees throughout Switzerland. Its services spans basic, supplementary and accident insurance, as well as daily sickness benefits.

St. Gallen-based Adcubum is a software products specialist, active in the area of health and accident insurance. The company employs more than 300 people across its locations in Switzerland, Germany and Croatia. Pursuant to the deal Adcubum will maintain its independence as a company.

The NKF team

Corporate/M&A partner Patrik Peyer (pictured above) led the NKF team on the matter, working alongside partner Moritz Maurer, leading senior associate Alexander Göbel, associates Sabrina Gysi, Melchior Ebener, Pascal Hodel, Alexandra Neuenschwander, Nadine Wanner and junior associate Lukas Christen (all corporate/M&A). Moreover, the firm lineup included partner Janine Reudt-Demont and associate Luisa Egli (both IP), partner Nicolas Birkhäuser (antitrust), associate Lukas Poschung (commercial/antitrust), associate Antonio Gramunt (commercial/ regulatory), associate Reto Seiler (finance), associate Yannik Bleiker (real estate) and associate Lukas Mathis (disputes).

Lupp & Partner and Vukmir + Associates provided legal advisory, respectively on German and Croatian law matters.

The Bär & Karrer team

Christoph Neeracher (pictured left) and Lukas Bründler (pictured right) led the Bär & Karrer team on the transaction, working with and Thomas Rohde, Aurèle Bertrand, and Nicolas Meier (all M&A), Susanne Schreiber and Martin Leu (both tax), Daniel Flühmann (regulatory), Ralph Malacrida and Dominique Simmen (both finance), Markus Wang and Christine Schweikard (both IP/IT), Laura Widmer (employment) as well as Mani Reinert and Tim Meyer (both antitrust). Adcubum’s general counsel Oliver Kirchner led the company’s legal team throughout the deal.