BlackFin completed the acquisition of a 70% stake in DWS' digital investment platform.

BlackFin Capital Partners, a private equity firm, completed the acquisition of a 70% stake in the digital investment platform of DWS Group, an asset manager. Financial terms were not disclosed. Closing of the transaction is expected for the second half of 2022. "With BlackFin, we have found the right partner to help us unlocking the full potential of our digital investment platform IKS. Our joint mission is to create a true pan-European player and we look forward to working with our new partners and making IKS a strong sales channel for DWS in the long term," Dirk Goergen, DWS Group Member of the Executive Board and Head of Client Coverage Division.