DFV Deutsche Familienversicherung AG plans to launch an initial public offering on the Frankfurt Stock Exchange in the fourth quarter.

The listing is expected to generate proceeds of €100 million, which will be used for expansion efforts and other purposes. The company also hopes to grow its product portfolio and is looking to enter at least one more country in Europe during the next 12 months.

In addition to issuing new shares, the insurance company will also offer secondary shares of two shareholders. For existing shareholders, there is a lock-up period of 12 months.

Hauck & Aufhäuser Privatbankiers AG is serving as the sole global coordinator and joint book runner on the deal, while MAINFIRST BANK AG is acting as book runner.

Further details on the listing will be revealed with publication of the securities prospectus.