You are here:
16 May 2017 / deal

Loyens & Loeff advised KKR on the acquisition of Selecta Group from Allianz Capital Partners

KKR, a leading global investment firm, successfully acquired over 90 percent of the shares in Selecta Group from Allianz Capital Partners, Allianz Group's in-house investment manager for alternative investments.

Acquisition of Selecta Group

Selecta Group is a leading vending and coffee services company in Europe with a turnover of about 714 million and approximately 4,500 employees in 21 countries across Europe. The company operates more than 145,000 vending machines, employs approximately 4,500 people, and serves more than 6 million consumers daily.

KKR has supported Selecta since 2014, when KKR Credit provided € 220 million in long-term financing as part of the Group’s overall refinancing. Loyens & Loeff acted as legal and tax adviser to KKR on Dutch, Luxembourg and Swiss law aspects.


Update on Revised Swiss Insurance Policies Act

The Swiss Insurance Policies Act (IPA) which governs the relationship between insurance companies and their clients has been partially revised. read more

Ombudsman - Affiliation Requirement

No ombudsman affiliation is required at all in case of serving institutional and professional clients. read more
Swiss Insurance Oversight Act

Update on the Revision of the Swiss Insurance Oversight Act

On 21 October 2020, the Federal Council adopted the dispatch as accompanying text to the partial revision of the Insurance Oversight Act (IOA). read more