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Hg makes majority investment in Fonds Finanz

Fonds Finanz, a tech-enabled financial intermediary pool focused on the German insurance sector, has secured a majority investment from Hg, a software and services investor.

Co-founders Norbert Porazik and Markus Kiener, will continue to run Fonds Finanz and will lead the future development of the company. Both founders remain significant shareholders in the business. The terms of the transaction have not been disclosed

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