The sale of software company Allfinanz to reinsurer Munich Re represents a tremendous return for those who invested in it, writes Dick O’Brien.
The €48 million sale of software firm Allfinanz to reinsurer Munich Re will net an estimated €36 million for its venture capital backers, who have doubled their money after putting €18 million into the firm.
The acquisition is the culmination of a dramatic turnaround for Allfinanz, who just four years...
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