The German insurer GERLING is in difficulty and is the object of a take-over bid by a US-German consortium consisting of investment fund groups ALIX PARTNER, ADVENT INTERNATIONAL, ACXIT CAPITAL MANAGEMENT and a US investor. The consortium is targeting 90% of GERLING's capital and intends injecting EUR 800 million of its own funds into the insurance group's capital. DEUTSCHE BANK, which controls 34.5% of GERLING supports the deal.