KALROCK Announces a $300M acquisition of a portfolio company, relayr, by Munich Re

LONDON, Sept. 5, 2018 /PRNewswire/ -- KALROCK, a global alternative asset manager and investor, announces the acquisition of a portfolio company, relayr, by an existing investor Munich Re through their subsidiary HSB in a deal which values the business at $300 million. relayr investors besides KALROCK include KPCB Kleiner Perkins, AFT Tech Ventures, Deutsche Telekom, Cisco and others.

relayr, founded in 2013 is active in the IoT Middleware space and the business will continue to operate independently under the Munich Re / HSB umbrella. The transaction provides relayr access to the unique financial engineering, risk-management and domain expertise of Munich Re and gives them the ability to design business outcome solutions not available in the market today.

Florian Fritsch, Chairman of KALROCK, said: "We want to congratulate Josef Brunner and the whole relayr team! We are proud to have supported the company since its early days. This transaction is just a next step on their successful journey of building the global category leader in the IoT space."

About Kalrock
KALROCK is a global firm operating in financial advisory and alternative asset management, managing significant partners' assets across a number of diversified strategies. The firm is mainly active in the following three private verticals: Real Estate, Venture Capital and Advisory.

Contact
20 North Audley Street, W1K 6LX, London, UK
+44 (0) 20 3931 9770
[email protected]
www.kalrock.com

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SOURCE KALROCK

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