B2RLaw advises InsurTech Gabi on Polish law aspects of its acquisition by Experian for USD 320 million13/12/2021
B2RLaw has advised InsurTech company Gabi on Polish law aspects of its acquisition by global information services company Experian for USD 320 million.
Founded in 2016 by Hanno Fitchner, Krzysztof Kujawa and Vincenz Klemm, Gabi is a mobile-first InsurTech based in San Francisco. The company automates insurance shopping and provides more visibility into insurance rates, enabling customers to compare insurance companies’ offerings, receive new quotes and ultimately save money on their insurance policies. Since its founding Gabi has raised over USD 39 million in venture capital funding from major investors such as Project A, Canvas Ventures, Mubadala Ventures, Northwestern Mutual Future Ventures, Correlation Ventures, CUNA Mutual Group, Securian Ventures and A. Capital Ventures, amongst others.
Experian is the world’s leading global information services company. The company helps individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime. Experian employs approximately 20,000 people across 44 countries and is constantly investing in new technologies, talented people, and innovation to help all its clients maximise every opportunity. Experian is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
B2RLaw advised on Polish aspects of the transaction working with US counsel Orrick, Herrington & Sutcliffe.
Rafał Stroiński advises, “We thank Hanno Fitchner, Krzysztof Kujawa, Vincenz Klemm and the team at Gabi for trusting us to advise on this transaction. It’s especially pleasing to advise on a transaction involving a very successful international technology company which, in Krzysztof Kujawa, was co-founded by an individual who was born and spent his early years in Poland. With in excess of 100 employees in Poland, the largest part of Gabi’s operations are based in the country. We congratulate Gabi and all the parties involved”.