Frank\u00adfurt \/ London \u2014 Advent, a leading global private equity inves\u00adtor, toge\u00adther with a consor\u00adtium that includes Harbour\u00adVest Part\u00adners (\u201cHarbour\u00adVest\u201d), has reached an agree\u00adment to acquire FNZ Bank from FNZ. Upon comple\u00adtion of the tran\u00adsac\u00adtion, the inves\u00adtors plan to support FNZ Bank in its next phase of growth\u2014through long-term invest\u00adments in tech\u00adno\u00adlogy and opera\u00adtio\u00adnal capa\u00adbi\u00adli\u00adties, as well as by further enhan\u00adcing the range of products and services offe\u00adred to its partners. <\/p>\n
Gibson Dunn advi\u00adsed funds mana\u00adged by Advent Inter\u00adna\u00adtio\u00adnal L.P. and the co-inves\u00adtors on the acqui\u00adsi\u00adtion of FNZ Bank.<\/p>\n
FNZ Bank is a leading inde\u00adpen\u00addent provi\u00adder of asset manage\u00adment, banking, and infra\u00adstruc\u00adture services in Germany, with a focus on banking, cust\u00adody, tran\u00adsac\u00adtion proces\u00adsing, and regu\u00adla\u00adtory services. It connects more than 50,000 finan\u00adcial advi\u00adsors, 200 asset mana\u00adgers, and over 400 sales part\u00adners, and serves more than 2.1 million end custo\u00admers with assets under cust\u00adody tota\u00adling 155 billion euros. <\/p>\n
Given Germany\u2019s aging popu\u00adla\u00adtion and the widening gap in reti\u00adre\u00adment savings, private reti\u00adre\u00adment plan\u00adning is beco\u00adming incre\u00adasingly important. FNZ Bank provi\u00addes the essen\u00adtial infra\u00adstruc\u00adture that enables finan\u00adcial advi\u00adsors and finan\u00adcial insti\u00adtu\u00adti\u00adons to support house\u00adholds in buil\u00adding long-term wealth. Advent is convin\u00adced that these struc\u00adtu\u00adral trends form a solid foun\u00adda\u00adtion for growth and will help FNZ Bank expand access to capi\u00adtal market invest\u00adments throug\u00adhout Germany. <\/p>\n
Ranjan Sen, mana\u00adging part\u00adner at Advent<\/strong>, said, \u201cWe are grateful for the trust that Blythe Masters, Group CEO of FNZ, and the entire FNZ team have placed in us in connec\u00adtion with the acqui\u00adsi\u00adtion of FNZ Bank in Germany.\u201d<\/p>\n Advi\u00adsors to Advent Inter\u00adna\u00adtio\u00adnal L.P.: Gibson Dunn<\/strong><\/p>\n Lead coun\u00adsel: part\u00adners Dr. Wilhelm Rein\u00adhardt (Frank\u00adfurt), Will Summers, and Michael Skou\u00adras (both London); asso\u00adcia\u00adtes Lucy Carr, Oliver Hill, Amith Damerla, and Char\u00adlotte Deans (all London). About Gibson Dunn Frank\u00adfurt \/ London \u2014 Advent, a leading global private equity inves\u00adtor, toge\u00adther with a consor\u00adtium that includes Harbour\u00adVest Part\u00adners (\u201cHarbour\u00adVest\u201d), has reached an agree\u00adment to acquire FNZ Bank from FNZ. Upon comple\u00adtion of the tran\u00adsac\u00adtion, the inves\u00adtors plan to support FNZ Bank in its next phase of growth\u2014through long-term invest\u00adments in tech\u00adno\u00adlogy and opera\u00adtio\u00adnal capabilities, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60749,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\nMunich part\u00adner Dr. Dennis Seif\u00adarth led the German team, which included coun\u00adsel Anne\u00adkat\u00adrin Pels\u00adter and asso\u00adciate Simon St\u00f6hl\u00adker (both in Frank\u00adfurt). Frank\u00adfurt coun\u00adsel Dr. Peter Gumnior advi\u00adsed on employ\u00adment law matters. In London, Part\u00adner James Chand\u00adler advi\u00adsed on tax matters; Part\u00adner Alison Beal and Asso\u00adciate Libby Pica advi\u00adsed on the spin-off aspects of the tran\u00adsac\u00adtion; and Part\u00adner David Irvine and Asso\u00adciate Jona\u00adthan Griggs advi\u00adsed on financing. <\/p>\n
\n<\/strong>Gibson Dunn is one of the leading inter\u00adna\u00adtio\u00adnal law firms and is ranked among the world\u2019s top firms in indus\u00adtry surveys and by leading publi\u00adca\u00adti\u00adons. With more than 2,200 attor\u00adneys in 23 offices, the firm has a global presence in all major econo\u00admic regi\u00adons. Gibson Dunn\u2019s offices are loca\u00adted in Abu Dhabi, Brussels, Century City, Dallas, Denver, Dubai, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Los Ange\u00adles, Madrid, Munich, New York, Orange County, Palo Alto, Paris, Beijing, Riyadh, San Fran\u00adcisco, Singa\u00adpore, Washing\u00adton, D.C., and Zurich. \u2014 www.gibsondunn.com <\/p>\n","protected":false},"excerpt":{"rendered":"