Maples and Calder Advises FNZ on the Acquisition of ebase
Maples and Calder advised FNZ Group on the Cayman Islands legal aspects of the acquisition of European Bank for Financial Services GmbH (ebase) from comdirect bank AG. The transaction is still subject to the approval by the banking supervisory and antitrust authorities.
ebase, a wholly owned subsidiary of comdirect bank AG since 2009, provides financial services with a focus on B2B direct banking. Based in Aschheim near Munich, ebase employs 265 staff and manages client assets of around EUR 31 billion.
FNZ Group is a London-based financial technology company that provides state-of-the-art platform solutions across multiple distribution channels. Originally founded in New Zealand in 2004, the company's clients include leading financial institutions.
With the takeover of ebase, FNZ intends to expand its platform solutions in the B2B investment business and to strengthen its position in the German market.
A team based in Maples and Calder's London office advised the FNZ Group, which was led by partner Jack Marriott, assisted by associate Christopher Oliver and paralegal Andrew Pollon-MacLeod.