Gibson Dunn Advises Advent International on the Acquisition of FNZ Bank

Frank­furt / London — Advent, a leading global private equity inves­tor, toge­ther with a consor­tium that includes Harbour­Vest Part­ners (“Harbour­Vest”), has reached an agree­ment to acquire FNZ Bank from FNZ. Upon comple­tion of the tran­sac­tion, the inves­tors plan to support FNZ Bank in its next phase of growth—through long-term invest­ments in tech­no­logy and opera­tio­nal capa­bi­li­ties, as well as by further enhan­cing the range of products and services offe­red to its partners. 

Gibson Dunn advi­sed funds mana­ged by Advent Inter­na­tio­nal L.P. and the co-inves­­tors on the acqui­si­tion of FNZ Bank.

FNZ Bank is a leading inde­pen­dent provi­der of asset manage­ment, banking, and infra­struc­ture services in Germany, with a focus on banking, cust­ody, tran­sac­tion proces­sing, and regu­la­tory services. It connects more than 50,000 finan­cial advi­sors, 200 asset mana­gers, and over 400 sales part­ners, and serves more than 2.1 million end custo­mers with assets under cust­ody tota­ling 155 billion euros. 

Given Germany’s aging popu­la­tion and the widening gap in reti­re­ment savings, private reti­re­ment plan­ning is beco­ming incre­asingly important. FNZ Bank provi­des the essen­tial infra­struc­ture that enables finan­cial advi­sors and finan­cial insti­tu­ti­ons to support house­holds in buil­ding long-term wealth. Advent is convin­ced that these struc­tu­ral trends form a solid foun­da­tion for growth and will help FNZ Bank expand access to capi­tal market invest­ments throug­hout Germany. 

Ranjan Sen, mana­ging part­ner at Advent, said, “We are grateful for the trust that Blythe Masters, Group CEO of FNZ, and the entire FNZ team have placed in us in connec­tion with the acqui­si­tion of FNZ Bank in Germany.”

Advi­sors to Advent Inter­na­tio­nal L.P.: Gibson Dunn

Lead coun­sel: part­ners Dr. Wilhelm Rein­hardt (Frank­furt), Will Summers, and Michael Skou­ras (both London); asso­cia­tes Lucy Carr, Oliver Hill, Amith Damerla, and Char­lotte Deans (all London).
Munich part­ner Dr. Dennis Seif­arth led the German team, which included coun­sel Anne­kat­rin Pels­ter and asso­ciate Simon Stöhl­ker (both in Frank­furt). Frank­furt coun­sel Dr. Peter Gumnior advi­sed on employ­ment law matters. In London, Part­ner James Chand­ler advi­sed on tax matters; Part­ner Alison Beal and Asso­ciate Libby Pica advi­sed on the spin-off aspects of the tran­sac­tion; and Part­ner David Irvine and Asso­ciate Jona­than Griggs advi­sed on financing. 

About Gibson Dunn
Gibson Dunn is one of the leading inter­na­tio­nal law firms and is ranked among the world’s top firms in indus­try surveys and by leading publi­ca­ti­ons. With more than 2,200 attor­neys in 23 offices, the firm has a global presence in all major econo­mic regi­ons. Gibson Dunn’s offices are loca­ted in Abu Dhabi, Brussels, Century City, Dallas, Denver, Dubai, Frank­furt, Hong Kong, Hous­ton, London, Los Ange­les, Madrid, Munich, New York, Orange County, Palo Alto, Paris, Beijing, Riyadh, San Fran­cisco, Singa­pore, Washing­ton, D.C., and Zurich. — www.gibsondunn.com