Allen & Overy advises Eli Global on acquisition of finanzen.de

Düssel­dorf, Germany - Allen & Overy LLP advi­sed US-based Eli Global LLC (Eli) on the acqui­si­tion of finanzen.de Vermitt­lungs­ge­sell­schaft für Verbrau­cher­ver­träge AG(finanzen.de) and its subsi­dia­ries in Germany, France, the UK and Switz­er­land from Black­fin Capi­tal Part­ners and the foun­ders of finanzen.de.

Finanzen.de is a successful Insur­Tech company based in Berlin and the leading Euro­pean online market­place for consu­mer leads in the finance and insu­rance sector.

The acqui­si­tion of finanzen.de is Eli’s first tran­sac­tion in Germany and the first company in Eli’s new finan­cial and insu­rance services port­fo­lio, which will consist of a diver­si­fied mix of compa­nies offe­ring such services and cover various sectors and sub-sectors. The closing of the tran­sac­tion is still subject to regu­la­tory appr­oval and is expec­ted to take place later this year. The parties have agreed not to disc­lose the purchase price.

The Allen & Overyteam consis­ted of Part­ner Dr. Jan Schrö­der and Coun­sel Anne Fischer (both Lead, bothCorporate/M&A/Insurance Corpo­rate), Part­ner Tobias Neufeld, Asso­ciate Catha­rina Glugla (both Data Protec­tion and Labor Law), Senior Asso­ciate Miray Kavruk (IP/IT, all Düssel­dorf) as well as Part­ner Thomas Neubaum , Coun­sel Bianca Engel­mann, Senior Asociate Elke Funken-Hötzel and Asso­ciate Dr. Anna Serwotka (all Banking and Finance, both Frank­furt). — In addi­tion, teams from Allen & Overy’s Paris and London offices were involved.

The law firm Niede­rer Kraft & Frey advi­sed on Swiss law.

About Allen & Overy
Allen & Overy is an inter­na­tio­nal law firm with appro­xi­m­ately 5,400 employees, inclu­ding appro­xi­m­ately 550 part­ners, in 44 offices worldwide.

Allen & Overy is repre­sen­ted in Germany at its offices in Düssel­dorf, Frank­furt am Main, Hamburg and Munich with appro­xi­m­ately 220 lawy­ers, inclu­ding 50 part­ners. The lawy­ers advise leading natio­nal and inter­na­tio­nal compa­nies prima­rily in the areas of banking, finance and capi­tal markets law, corpo­rate law and M&A, tax law as well as other areas of busi­ness law.