Renzenbrink & Partner advises Acture on the acquisition of move UP
20. December 2023Renzenbrink & Partner advised Acture on the acquisition of move UP Gesellschaft für Gesundheitsmanagement mbH.
move UP Gesellschaft für Gesundheitsmanagement mbH (“move UP”), based in Hamburg, is an innovative provider of occupational health management. Founded in 2016 and with offices in Hamburg, Berlin and Munich, the company specializes in the development of holistic solutions to promote employee health for over 250 clients (health insurance companies and corporate clients).
Acture was founded in the Netherlands in 2008 by CEO Maudie Derks, among others, and has been a portfolio company of the IK SC II fund advised by IK Partners since 2020. Acture is a leading provider of private social insurance for Dutch employers. With 120,000 sickness notifications per year for 6,200 employers, Acture is responsible for processing over EUR 27 billion in wages and salaries, which corresponds to around 10% of the total payroll in the Netherlands.
Acture pursued an active expansion strategy to extend its reach in key segments in the Netherlands and across Europe. After the acquisition of Evermood GmbH (Berlin) in summer 2023, move UP is the second acquisition in Germany. Renzenbrink & Partner comprehensively advised Acture on both transactions on legal and tax matters as well as on the reinvestment of the respective founders in Acture. For the reinvestment in the context of the acquisition of move UP, Acture was supported by Houthoff for Dutch law issues. Acture was supported by Houthoff for Dutch law issues.
Renzenbrink & Partner advised Acture with a team consisting of Dr. Niels Maier (Partner/Private Equity), Dr. Alexander Haunschild (Senior Associate/Private Equity), Dr. Andreas Sandberger (Attorney/Private Equity) as well as Marc Kotyrba (Partner/Tax), Dr. Toufic Schilling (Senior Associate/Tax) and Marie Eikmeier (Associate/Tax) in cooperation with NOVACOS (Maria Heil and Guram Gobechia) for regulatory aspects.