Weil advises GIM on acquisition of FNZ Group from H.I.G. Capital and General Atlantic
Frankfurt / London — Generation Investment Management LLP (“GIM”) has fully acquired FNZ Group from financial investors H.I.G. Capital and General Atlantic. The acquisition was made by the company CDPQ-Generation and represents the first transaction of this new joint venture established by GIM and the Canadian pension fund La Caisse de dépôt et placement du Québec (“CDPQ”). For the transaction, the FNZ Group was paid approx. EUR 1.9 billion rated The acquisition, one of the world’s largest FinTech transactions in 2018, is still subject to regulatory approval. GIM was advised on this transaction by the international law firm Weil, Gotshal & Manges LLP.
FNZ is a global FinTech company headquartered in London and provides established financial institutions with modern and highly scaled platform solutions for the entire value chain in the investment business (Platform as a Service). This complete B2B platform offering combines the elements of technology (SaaS) and back-office services (BPO), allowing it to offer end customers better investment solutions at a low cost. FNZ’s customers include banks, insurers, asset managers and providers in the field of company pension schemes.
GIM is an investment management company founded in 2004, which invests in sustainable companies and currently has assets of approx. USD 20 billion under management.
The Weil transaction team consisted of Corporate Partners Jonathan Wood (London) and Dr. Uwe Hartmann, Foto (Frankfurt) and was supported by Partner Stephen Fox (Corporate, London) and Associates Ellie Fialho and Marc Schubert (Corporate, London) and Dr. Jan Harmjanz (Corporate, Frankfurt).Note to Editors:
Weil, Gotshal & Manges is an international law firm with more than 1,100 lawyers, including approximately 300 partners. Weil is headquartered in New York and has offices in Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Beijing, Prague, Princeton, Shanghai, Silicon Valley, Warsaw and Washington, D.C.