myLife Lebensversicherung AG
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myLife Lebensversicherung AG - overview
Location
Gottingen, -, Germany
Primary Industry
Insurance
About
myLife Lebensversicherung AG is a Germany-based company specializing in life insurance and pension solutions, providing customizable financial products aimed at enhancing clients' investment strategies and retirement planning. myLife Lebensversicherung AG focuses on delivering life insurance and pension solutions to its clients. The company is headquartered in Gottingen, Germany. It was acquired in February 2019 by SALU Capital and Inlife Holding Deutschland GmbH & Co.
KG, following a deal finalized on June 25, 2018. The CEO of the company is Jens Arndt. myLife Lebensversicherung AG offers a range of net insurance products, including myLife Invest, myLife Fondsrente, and myLife Aktiv. These products are designed to provide high returns with low fees, catering to individual investors and businesses.
The company emphasizes customizable investment options, including a diversified selection of investment funds and ETFs, tailored to meet various financial goals and risk tolerances. Its services are actively marketed across Germany's urban centers. In 2023, myLife Lebensversicherung AG reported a revenue of USD 323. 08 mn and an EBITDA of USD 2.
32 mn for the year 2022. The company operates on a commission-free model, fostering direct client-advisor negotiations regarding service fees, which enhances transparency and aligns incentives between clients and advisors. myLife Lebensversicherung AG is committed to expanding its product offerings and market presence. The recent acquisition in February 2019 will support the development of new insurance products aimed at improving client engagement and investment options.
The company is also exploring geographic expansion within Germany's urban centers to capture a broader client base. Recent funding will be utilized to bolster these efforts and enhance the overall service experience for clients.
Current Investors
SALU Capital, Inlife Holding Deutschland GmbH & Co. KG
Primary Industry
Insurance
Sub Industries
Life Insurance
Website
www.mylife-leben.de
Company Stage
Mature
Total Amount Raised
Subscriber access only
myLife Lebensversicherung AG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | myLife Lebensversicherung AG | - | ||||||||
| Buyout | Completed | myLife Lebensversicherung AG | - |
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