Baloise and UBS strengthen the partnership within their shared ecosystem and increase their stake in homeowner platform Houzy and hold now the majority of the Swiss-based start-up. Houzy supports owners of real estate in their property-related needs. Both companies invested in Houzy at an early stage and have gathered valuable experience in their roles as funding and insurance partners of this start-up. Houzy provides a single platform that offers homeowners expert advice and everything they need to digitally plan and manage their property: from searching for a property and checking price trends, to accessing finance and the need for refurbishment, obtaining protection against risks and maintaining and modernizing the property.
Together with Houzy, Baloise and UBS aim to develop new and innovative solutions for clients and make it easier for them to access services related to home ownership. The strategic partners want to work together to drive the continued expansion of the platform forward.
Walder Wyss has acted as counsel to Baloise and UBS in this transaction. The team was led by Marion Bähler (managing associate, corporate/m&a, pictured) and included Letizia Schlegel (associate, corporate/m&a), Monique Sturny (partner, competition) and Felix Tuchschmid (associate, competition).