Infront ASA acquires vwd Group from The Carlyle Group for EUR 130 million.
Frankfurt am Main/ Oslo — The Norwegian Infront ASA has acquired the German vwd Group GmbH including its European subsidiaries to create the leading European provider of financial market solutions. The current majority owner, private equity giant The Carlyle Group, had acquired its shares in 2012. Bird & Bird LLP advised Infront ASA on this transaction
The Federal Financial Supervisory Authority (BaFin) must now decide on the execution of the transaction. The closing of the transaction with a purchase price of EUR 130 million is planned for the second quarter of 2019.
With the forthcoming takeover, Infront will acquire not only vwd Group GmbH but also all nine European subsidiaries, including vwd Vereinigte Wirtschaftsdienste GmbH, as well as other companies in Germany, the Netherlands, Belgium, Luxembourg, Italy and Switzerland. Headquartered in Frankfurt am Main, vwd offers fintech and regtech products and services for the investment industry. The acquisition extends Infront’s reach to continental Europe through its Nordic home markets and operations in the UK, France and South Africa, creating Europe’s leading financial market solutions provider. (stock market advertisement)
Infront is a global Norwegian financial analysis provider and is listed on the Oslo Stock Exchange. The company relies on highly innovative technology solutions in the form of Software as a Service (Saas) and cloud-based applications. Infront ASA provides its clients with market data, trading solutions and up-to-date news for professional and private investors in the Nordic countries and internationally. With the so-called Infront Professional Terminal, users can access market data, company news, and analyses in real time, as well as trade electronically on the financial market. The company was founded in Oslo in 1998.
Bird & Bird and its international team led by partner Dr. Kai Kerger (Corporate/M&A) advised the German, Dutch and Belgian markets. In addition to corporate law, the focus was on regulatory issues relating to the financial services industry. The international lead for the transaction was provided by the Norwegian law firm Selmer.
Advisor Infront ASA: Bird & Bird (Germany, The Hague and Brussels)
Partner Dr. Kai Kerger (Lead Partner ) and Associate Dr. Ann-Kristin Asmuß, LL.M. (Corporate/M&A) as well as Partner Dr. Michael Jünemann (Lead Partner Regulation) and Associate Johannes Wirtz, LL.M. (Banking & Finance/Regulation) formed the core team. Also involved were associates Inga Kerner, Chyngyz Timur, LL.M. and Michael Maier (Corporate/M&A) as well as Julia Fröhder (Banking & Finance/Regulation), Partner Dr. Barbara Geck and Associate Florian Kessenich (Labor Law), Partner Jörg-Alexander Paul and Associate Holger Niedenführ (Commercial/IT) and Senior Counsel Mascha Grundmann (Intellectual Property); Partner Pauline Vos and Associate Marinke Moeliker, (Corporate/M&A), Annemarieke van Vlodrop (Labor Law) and Counsel Karen Berg (Commercial), all Netherlands; Partner Paul Hermant and Associates Cedric Berckmans, (Corporate/M&A), Anton Aerts (Labor Law), all Belgium.
Selmer AS (Norway): Thomas G. Michelet, Remi Dramstad and Jon Fredrik Johansen (joint lead)Schellenberg Wittmer (Switzerland): Pascal Hubli and Karin Mülchi
Gattai Minoli Agostinelli Partners (Italy): Nicola Martegani and Gerardo Gabrielli