Kirkland & Ellis has advised FNZ Group on the successful acquisition of European Bank for Financial Services GmbH (ebase) from comdirect bank AG. The transaction was closed on July 16 after the approval of the supervisory authorities.
ebase was a wholly owned subsidiary of comdirect bank AG since 2009 and provides financial services with a focus on B2B direct banking. Based in Aschheim near Munich, ebase manages client assets of around EUR 32 billion.
FNZ Group is a London based financial technology company which provides state-of-the-art platform solutions across multiple distribution channels. Founded in New Zealand in 2004, the company's clients include leading financial institutions.
Kirkland & Ellis advised FNZ with the following team:
Bernhard Guthy, Volkmar Bruckner (both lead, both Corporate/M&A, Munich), Oded Schein (Tax), Stephen Lucas, Ben A. Myers (both Finance, London), Tom McCarthy (Corporate/M&A, London); Associates: Sebastian Häfele, Christoph Jerger (both Corporate/M&A, Munich), Cristan Gerhold (Tax, Munich), Giles Clifford (Corporate/M&A, London), Harry Briffitt (Finance, London)