TA Completes Sale of Adcubum AG to Helsana
TA Associates (“TA”), a leading global private equity firm, completed the sale of its majority stake in Adcubum AG (“Adcubum” or “the Company”), to Helsana. As a result of this transaction, Adcubum will operate as an independent business under Helsana’s holding company and will continue to be headquartered in St. Gallen, Switzerland.
TA first invested in Adcubum in December 2021, partnering with Germany-based tech11 GmbH to create a leading pan-European provider of health and property & casualty (P&C) insurance software. Throughout its partnership, TA worked closely with Adcubum’s management team on several value creation initiatives that strengthened the Company’s technology, expanded its capabilities, and built a more scalable and resilient platform for long-term growth.
“Over nearly four years of collaboration, it has been a privilege to partner with Adcubum’s talented team, and we are proud of the significant progress we achieved together to benefit insurers and their customers,” said Stefan Dandl, Director at TA. “Helsana, as a long-standing customer and partner with deep industry expertise, is ideally positioned to support Adcubum’s next phase of growth. We view this as a natural progression in the Company’s journey and look forward to following its continued growth under Helsana.”
“We are grateful to TA for their support and guidance in accelerating the growth of our business,” said Steven Neubauer, CEO of Adcubum. “TA’s investment and partnership validated Adcubum’s mission to deliver innovation, efficiency and stability to the insurance market. With Helsana, we now look forward to building on this strong foundation and driving the continued digitalization of the health and accident insurance sector.”
Financial terms of the transaction were not disclosed.
About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five core sectors - technology, business services, financial services, healthcare and consumer. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 160 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
About Adcubum
Adcubum is a leading provider of software solutions in the field of health and accident insurance. Its core product, Adcubum Syrius, is a flexible, modular, and cloud-enabled system that is specifically tailored to the requirements of health and accident insurers. Together with their customers, they develop innovative solutions that help drive the digitalization of the insurance industry and ensure an efficient, affordable healthcare system. Adcubum employs over 300 highly qualified staff at locations in Switzerland, Germany, and Croatia.
About The Helsana Group
Helsana is committed to the health and quality of life of its customers and has been providing them with financial security in relation to prevention, illness and accidents for over 125 years. So that they stay healthy, recover quickly or can live a better life when affected by illness. We provide advice with the objective of offering the best quality of care in every health situation. With innovative services and products, we offer people individual support for a healthy life. As a shaper of the Swiss healthcare system, we work to ensure a sustainable, high-quality, competitively organized and accessible healthcare system. With a premium volume of about CHF 8.2 billion and a workforce of around 3,400 employees throughout Switzerland, Helsana is one of the leading providers in the Swiss insurance market. Helsana offers a wide range of products and services in the areas of basic, supplementary and accident insurance, as well as daily sickness benefits, protecting over 2 million people against the financial consequences of illness, accidents, maternity and long-term care in old age. We develop insurance solutions to mitigate the economic consequences of illness or accident-related occupational absences for some 60,000 companies and associations.