Based in Heilbronn near Stuttgart, 3C Deutschland GmbH, an innovative provider of outsourcing services for insurance processes, was acquired in a share deal by Arvato Financial Solutions, a global financial service provider headquartered in Baden-Baden, as part of a traditional succession planning process.
3C Deutschland GmbH, with its headquarters in Heilbronn and a subsidiary office in Erfurt, is a leading and innovative technology company specialising in the digitisation of claims processes in the insurance sector. Since it was founded in 2006, 3C has succeeded in establishing itself as a technology partner and highly competent and future-oriented outsourcing provider for leading insurance companies. It is playing a significant role in the digitisation and transformation process in the insurance industry. By means of the platform designed and developed by 3C, business transactions are standardised, enriched with process information concerning databases or client specifications, and processed automatically.
Arvato Financial Solutions, a subsidiary of Bertelsmann SE & Co. KGaA, is a leading provider of professional outsourcing services ranging from risk management, invoicing and customer management to the sale of receivables and the collection of debts. In the insurance environment, the company’s activities include operating a notification and information system and successfully providing fraud detection software. By acquiring 3C Germany, Arvato Financial Solutions is significantly expanding its claims management offering for insurance companies and gaining the ability to offer a holistic market solution.
The role of benten capital
To ensure that 3C’s business model could be scaled up in a targeted manner and to initiate a potential process of internationalisation, the shareholders had a favourable opportunity to sell off their shares in 3C as part of an age-related succession planning process.
benten capital initiated the transaction on the sellers’ behalf and implemented a globally structured M&A process. Throughout the entire transaction process, the utmost confidentiality and care was taken, as in some cases interested parties from the immediate competitive environment were involved. Over the course of the intensive due diligence phase and subsequent negotiations, benten capital was able to “develop” a number of interested parties in parallel to the conclusion of the purchase agreement and thereby achieve a very attractive valuation.
Ultimately, the sellers opted to sell the business to Arvato Financial Solutions. The partners at benten Capital responsible for the transaction were Harald Tomaselli and Ulrich Praßler.