Milbank, Tweed, Hadley & McCloy LLP has advised General Atlantic on the formation of a strategic partnership with ControlExpert, a leading service provider to the car insurance industry.

Founded in 2002, ControlExpert provides services that streamline various elements of the claims management process by using a combination of software, data analytics, and human expertise to assess the magnitude of damages and the associated repair expenses. The company facilitates the communication among all participants in the claims settlement process, including insurance companies, car repair shops, car owners, OEMs, and leasing and fleet management companies, and enables a more cost- and time-efficient processing of claim expenses. ControlExpert supports its customers internationally and is already present in 14 other countries.

A Milbank team led by Norbert Rieger comprehensively advised General Atlantic on corporate, tax and finance law in relation to the investment.

Advisor to General Atlantic GmbH: Milbank, Tweed, Hadley & McCloy LLP

Norbert Rieger, Sebastian Heim (joint lead, Corporate/M&A, Munich), Rolf Füger (Tax, Munich), John D. Franchini (Corporate/M&A, New York), Timo Schwarzwälder, Tian-Gu Shum, Malte Krohn (all Corporate/M&A, Munich), Nikolas T. Koutsós, Gerrit Merkel (Finance, Frankfurt), Gabrielle DiBernardi (Corporate/M&A, New York)