TA Associates strategic growth investment in Adcubum and tech11

TA Associates, a global growth private equity firm, made a strategic growth investment in Adcubum, a Swiss health and property & casualty (P&C) insurance software provider, and tech11, a fast-growing insurance software provider serving the P&C market in Germany and across Europe.

The investment will create a prominent software provider in the health and P&C markets in Europe, leveraging the momentum of both Adcubum and tech11. Financial terms of the transactions were not disclosed.

Founded in St. Gallen, Switzerland in 1997, Adcubum has offices in Switzerland and Germany, and a development center in Croatia. Founded in 2018, tech11 is headquartered in Würzburg, Germany.

Bär & Karrer acted as Swiss legal advisor to TA Associates on its investment in Adcubum. The team included partner Christoph Neeracher (pictured), partner Thomas Rohde, associate Arnold Romero, associate Yves Suter and junior associate Dominique Nguyen (all m&a), counsel Micha Schilling (financing), partner Susanne Schreiber, associate Kerim Tbaishat and associate David Weimann (all tax), associate Jonas Bornhauser (IP), partner Laura Widmer and associate Laura Rubeli (both employment), associate Kilian Müller (real estate), and partner Daniel Flühmann (regulatory).

Latham & Watkins acted as international legal counsel to TA Associates while Alvarez and Marsal served as financial and tax advisor.