US Edition(M+) Start-up Clark: Power Struggle Erupts – Investors Fear Takeover by Allianz
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The digital broker Clark, led by Benedikt Kalteier, has not really made any progress in terms of growth in recent years. Instead of large financing rounds, there were rather small injections of money – most recently this summer. The company received around 30 million euros via a change loan, which was also provided by the main shareholder Allianz X. According to Manager Magazin, some investors are now complaining against this deal. However, the …
An investor group is suing the Frankfurt-based billion-dollar start-up over decisions regarding a convertible loan. They fear that the company will be at the mercy of its major shareholder, Allianz.
The Frankfurt-based Insurtech Clark has a dispute over a change loan. An investor group for Munich-based financier Yabeo has filed a lawsuit against the Landgericht Berlin, as reported by Manager Magazin. The background is a controversial change loan of up to EUR 30 million, which was accepted without the prior approval of all shareholders. Brisant: A large part of the financing is funded by major shareholders Allianz. The investor group's contr…
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