Last Friday, AnaCap Financial Partners, London (“AnaCap“) – one of Europe’s leading private equity investors in the technology and financial services sector – signed a majority investment agreement with fintus GmbH (“fintus“).
fintus is the leading low-code banking platform in Germany. Using low-code, banks react to changes within days instead of being dependent on long software development cycles. Since its foundation in 2017, fintus has successfully positioned itself as a provider with its Software-as-a-Service (SaaS) platform “fintus Suite” enabling the automation and transformation of banks and financial service providers. Founded in the heart of the financial metropolis Frankfurt am Main and without the support of financial investors, fintus was able to attract well-known customers early on. Today, a double-digit number of TIER 1-3 banks in Germany are already among the company’s customers.
AnaCap, based in London, has a long track record of successfully investing in FinTech companies in the DACH region. The investment in fintus was preceded, among other things, by the acquisition of WebID Solutions in September of this year, which, among other things, is a technology partner of fintus.
The fintus management team led by founder Benjamin Hermanns will consistently drive forward its internationalization and expand its service portfolio with the strong financial partner AnaCap.
The implementation of the transaction is still subject to customary closing conditions.
act legal: with more than 300 professionals throughout Central Europe, act legal represents an attractive alternative to large international law firms by providing sophisticated national and international legal advice.
act legal Germany has been advising fintus since its foundation and has comprehensively advised fintus on all legal aspects regarding this complex transaction.
act legal Germany: Marcus Columbu (Finance, Lead), Dr. Fabian Brocke, LL.M., (Corporate/M&A, Lead); Dr. Thomas Block, MBA (Labor Law); Sarah Landsberg (Corporate/M&A).
IEG – Investment Banking Group: Mirko Heide, Patrick Schüler (Investment)
Berater AnaCap: Proskauer Rose und Norton Rose Fulbright (Law), GCA Altium (corporate finance)