Tuesday, 17 May 2016

FinTech Group sells Aktionärsbank to Obotritia Capital KGaA - Orth Kluth advises sale process

FinTech Group AG sells its subsidiary Die AKTIONÄRSBANK Kulmbach GmbH to its new strategic partner, Obotritia Capital KGaA. Orth Kluth advises FinTech Group AG during the sales process.

FinTech Group AG is one of the leading European providers of innovative technologies in the financial sector. Obotritia Capital KGaA invests directly and indirectly in German commercial real estate. A cooperation in financing rounds for commercial real estate has thus become possible.

The sale transaction carried out as part of the strategic partnership and the long-term partnership cooperation with Obotritia Capital KGaA create, as part of a comprehensive concentration process, a significant seven-digit savings potential and the highest possible synergies for FinTech Group. This transaction concludes the concentration process started in 2015.

Background
The original contact with FinTech Group came about through Düsseldorf employment law partner Dr Guido Matthey. Orth Kluth already advises FinTech Group on various labour and contract law matters. In the context of the above transaction, FinTech Group AG has also mandated Orth Kluth for the first time in the M&A area.

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Dr. Kai-Michael König
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