Allen & Overy advises Eli Global on acquisition of finanzen.de
Düsseldorf, Germany - Allen & Overy LLP advised US-based Eli Global LLC (Eli) on the acquisition of finanzen.de Vermittlungsgesellschaft für Verbraucherverträge AG(finanzen.de) and its subsidiaries in Germany, France, the UK and Switzerland from Blackfin Capital Partners and the founders of finanzen.de.
Finanzen.de is a successful InsurTech company based in Berlin and the leading European online marketplace for consumer leads in the finance and insurance sector.
The acquisition of finanzen.de is Eli’s first transaction in Germany and the first company in Eli’s new financial and insurance services portfolio, which will consist of a diversified mix of companies offering such services and cover various sectors and sub-sectors. The closing of the transaction is still subject to regulatory approval and is expected to take place later this year. The parties have agreed not to disclose the purchase price.
The Allen & Overyteam consisted of Partner Dr. Jan Schröder and Counsel Anne Fischer (both Lead, bothCorporate/M&A/Insurance Corporate), Partner Tobias Neufeld, Associate Catharina Glugla (both Data Protection and Labor Law), Senior Associate Miray Kavruk (IP/IT, all Düsseldorf) as well as Partner Thomas Neubaum , Counsel Bianca Engelmann, Senior Asociate Elke Funken-Hötzel and Associate Dr. Anna Serwotka (all Banking and Finance, both Frankfurt). — In addition, teams from Allen & Overy’s Paris and London offices were involved.
The law firm Niederer Kraft & Frey advised on Swiss law.
About Allen & Overy
Allen & Overy is an international law firm with approximately 5,400 employees, including approximately 550 partners, in 44 offices worldwide.
Allen & Overy is represented in Germany at its offices in Düsseldorf, Frankfurt am Main, Hamburg and Munich with approximately 220 lawyers, including 50 partners. The lawyers advise leading national and international companies primarily in the areas of banking, finance and capital markets law, corporate law and M&A, tax law as well as other areas of business law.