Allianz X GmbH has entered into binding agreements to acquire The Innovation Group Limited on October 10, 2022. Partnering with Allianz X will provide Innovation Group with the support to accelerate the investment in its technology and global services capabilities, benefiting both clients and employees. Importantly, following the transaction, Innovation Group will maintain its operating independence, management team, brand and culture. The transaction is subject to the approval of the relevant competition and regulatory authorities. Deal is expected to close in early 2023. Wessel Heukamp, George Swan, James Smethurst, Elizabeth Oberholzer, David Beutel, Peter Clements, Ulrich Sittard, David Schwintowski, Olaf Ehlers, Sascha Arnold, Lukas Pomaroli and Martin Rehberg of acted as legal advisor to Allianz X GmbH. Sarah Milde of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to Allianz X GmbH.

Allianz X GmbH completed the acquisition of The Innovation Group Limited on January 12, 2023. Linklaters LLP acted as lead seller legal advisor to the seller group namely-Barclays Bank PLC; BNP Paribas Fortis SA/NV (Belgium); Canada Square (UK) Nominees Limited; J.P. Morgan GT Corporation - London Branch; Various MeDirect entities; MidCap Funding II (Ireland) Limited; NIBC Bank N.V.; Silver Point Luxembourg Platform S.A.R.L; SOF Holdings, L.P.; Governor and Company of the Bank of Ireland; UniCredit Beteiligungs GmbH; BNP Paribas Fortis S.A./N.V.; Alcentra Capital Corporation; Barings & Co Limited; Kartesia Advisor LLP and MeDirect Bank NV/SA.