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Announced

Completed

FNZ completed the acquisition of Fondsdepot Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

Domestic

Acquisition

Private

financial institutions

Germany

Majority

Friendly

Completed

Single Bidder

Synopsis

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FNZ, a global wealth management platform, completed the acquisition of Fondsdepot Bank, an independent platform for trading and custody in Germany. Financial terms were not disclosed. “I am very excited about the opportunity to join FNZ and to work with such a strong team. Together, we will continue to grow FNZ's market-leading client offering by leveraging our combined platform capabilities and market knowledge. All of our employees will play a critical role in achieving this goal, creating even more exciting career opportunities in the future," Sebastian Henrichs, Fondsdepot Bank CEO.

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