- comdirect subsidiary ebase is sold in a competitive bidding process
- Bankhaus Lampe M&A Advisory oversees the transaction
- The successful implementation rests on individuality and confidentiality
Dusseldorf/Frankfurt am Main, 10 July 2018 - Bankhaus Lampe is advising comdirect bank AG on the sale of its subsidiary ebase (“European Bank for Financial Services GmbH“), one of Germany’s leading B2B direct banks. The buyer is FNZ Group, a global player based in London. The transaction is subject to the approval of banking supervisory and antitrust authorities. It is expected to be completed before the end of the current year. FNZ Group prevailed in a competitive bidding process and simultaneous negotiations preceding the sale.
Ute Gerbaulet, personally liable partner of Bankhaus Lampe and responsible for the private bank’s Capital Market Business, said about the transaction: “By overseeing the sale of comdirect’s subsidiary ebase, we are once more demonstrating our expertise in the field of Mergers & Acquisitions. After the sale of ElringKlinger’s subsidiary Hug Engineering to Faurecia, the sale of the Asset Management business of CEE Group to Brookfield and the sale of the German engines test centre of Ricardo to IAVF Antriebstechnik, this is the fourth time in a few months that our team has successfully overseen a transaction.” ”With our individual, personal and efficient approach, we deliver convincing results in conducting complex cross-border transactions. In addition, we assure a high level of confidentiality that represents genuine added value for our clients,” Ute Gerbaulet continued.
As a fully licensed bank, ebase offers a comprehensive range of services in the B2B custody business, including financial portfolio management and deposit business. As one of the leading B2B direct banks in Germany, ebase has client assets under management of roughly € 31 billion. Co-operation partners such as banks, insurers, asset managers and independent financial investment brokers use ebase's multi-client solutions for deposit and account management to serve their customers.
FNZ Group specialises in the provision of investment platforms for major financial institutions in the areas of financial services and asset management. FNZ offers insurance companies, banks, asset managers and financial advisors end-to-end technologies that allow them to offer asset management services across various distribution channels. By acquiring ebase, FNZ is entering the German market.
Bankhaus Lampe KG
Phone: +49 211 4952-349
sandra.herzenbruch [ät] bankhaus-lampe.de
Anna Lena Kleine
Phone: +49 211 4952 683
annalena.kleine [ät] bankhaus-lampe.de