Likeminded merges with nilo.health to lead DACH mental health market

Deal News | Nov 12, 2024 | Osborne Clarke

Likeminded merges with nilo.health to lead DACH mental health market

Osborne Clarke has played a pivotal advisory role in the merger between the mental health startups Likeminded and nilo.health, marking the emergence of the new market leader for corporate mental health applications in the DACH region. Both companies specialize in digital B2B solutions aimed at enhancing the mental well-being of employees through high-quality personalized services. The newly merged entity now extends its reach to over 500 companies and 100,000 employees across Europe. The merger facilitates investment in research and development, especially in areas such as AI, and lays the groundwork for intensified international expansion. The co-CEOs of Likeminded, Kimberly Breuer and Maximilian Heberger, underscore the merger's potential to deliver immediate and enduring benefits to corporate clients and their employees. The transaction was managed for Likeminded by Heberger with invaluable assistance from the competent Osborne Clarke team, which included specialists from various legal sectors.

Sectors

  • Mental Health Technology
  • Corporate Health Services
  • Legal Services

Geography

  • DACH Region – The merger positions the new entity as a market leader in the DACH region, consisting of Germany, Austria, and Switzerland.
  • Europe – The merger boosts the combined company's presence and service reach across various European countries.

Industry

  • Mental Health Technology – Both Likeminded and nilo.health offer digital solutions focused on mental health, enhancing the mental well-being of employees through innovative applications.
  • Corporate Health Services – The merger leads to a strengthened position in the corporate health sector, catering to companies seeking enhanced well-being solutions for their workforce.
  • Legal Services – Osborne Clarke provided legal guidance through the merger process, involving expertise from multiple legal disciplines such as corporate, tax, and data protection.

Financials

    Participants

    NameRoleTypeDescription
    LikemindedTarget companyCompanyA mental health startup offering digital solutions for corporate mental health.
    nilo.healthTarget companyCompanyA mental health startup providing digital B2B solutions to promote employee wellbeing.
    Osborne ClarkeLegal advisorCompanyProvided legal advisory services for the merger of Likeminded and nilo.health.
    Kimberly BreuerCo-CEO of LikemindedPersonCo-CEO of Likeminded, involved in the merger.
    Maximilian HebergerCo-CEO and founder of LikemindedPersonManaged the transaction for Likeminded and acknowledged Osborne Clarke's support.