Baloise acquires majority stake in Bubble Box AG
On May 2, 2019, SIX-listed Baloise announced that it has acquired a majority stake in Bubble Box AG. Bubble Box was founded in 2015 and offers its clients an online laundry and dry cleaning service. Baloise intends to offer the services of Bubble Box AG in a marketing partnership with Movu, the digital platform for home-moving services Baloise acquired back in 2017. With this acquisition, the insurance group continues to expand its offering with new services that will enhance and complement its traditional insurance business.
Lenz & Staehelin advised Baloise in this transaction. The team was led by partner Tino Gaberthüel (Corporate and M&A) and included associates Simone Ehrsam and Lukas Held (both Corporate and M&A).