HPE Growth invests in xbAV AG with Baker Tilly’s support

Within the scope of a Series C financing round, Baker Tilly advised the growth investor HPE Growth in connection with its investment in xbAV AG. The consulting services comprise a comprehensive financial and tax due diligence.

HPE Growth is one of the leading European growth investors with profound knowledge and expertise in the digital and data-driven technology sector. Within the scope of a Series C financing round, HPE Growth (as financing leader) and the existing investors supported xbAV AG, the market leader in the digitalization of corporate pension & life insurance, with an additional EUR 25 million in growth capital, thereby increasing the previous financing rounds’ total amount to significantly above EUR 50 million. 

The consulting services of the team around our Munich partners Frank Stahl (Financial) and Friedrich Wamsler (Tax) mainly comprised a financial and tax due diligence. Besides Stahl and Wamsler, Director Stefan Greger (Financial), Senior Matus Bonko (Financial) and Senior Manager Jens Tobolla (Tax) were part of the consulting team. 

According to xbAV, the funds will be used to scale up the corporate pension & life insurance offering, and expand into private pension & life insurance as well as corporate health insurance.

About HPE Growth
HPE Growth, established in 2010, is a leading European investment firm focused on expansion/growth capital investments in technology companies throughout Northwestern Europe. HPE invests in high-growth software, internet-enabled, mobile, fintech and healthtech businesses that have the option to further leverage their proven technology to become a global category leader. By bringing in additional equity and active support, HPE acts as a catalyst to expansion and enables portfolio companies to execute on their vision of securing market leadership. 

About xbAV AG
xbAV is the German market leader in the digitization of corporate pension & life insurance. Its software-as-a-service solutions allow life insurers, insurance agents, corporations and consumers to buy and manage pension & life insurance online. Currently more than 40 life insurers and sales organizations, more than 11,000 agents and more than 3,000 medium-sized companies use the xbAV platform. User-friendly information, transparent and efficient processes, and a single platform to connect all stakeholders are Xpension’s differentiators. Xpension is headquartered in Munich with additional offices in Berlin and Saarbruecken.

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