FNZ acquires German investech Ebase for €154m
FNZ Group has acquired German investment platform company, Ebase (European Bank for Financial Services) from Comdirect Bank in a transaction worth €154 million.
The purchase, which was originally agreed in July 2018, and has since been approved by the appropriate regulatory authorities, will see the global fintech company acquire 100% of the firm.
Adrian Durham, CEO of FNZ Group, says: “This is an important milestone for FNZ Group and reaffirms our commitment to becoming a leader in the provision of B2B digital wealth management technology for financial institutions and their customers globally.”
“Ebase is a well-established investment platform and leader in the digitisation of wealth management solutions, known for its performance in the German financial services market,” Durham adds.
Founded in 2002 as part of ADIG Investment GmbH, Ebase has been an independent and fully licensed bank and a subsidiary of Comdirect bank AG since its purchase in 2009.
With around 260 employees, approximately 1.1 million customers and more than 280 co-operation partners, Ebase is now one of the leading business-to-business direct banks in Germany, with assets under administration of around €34 billion.
Current managing directors, Rudolf Geyer and Lars Müller-Lambrecht, will continue to lead the company from its headquarters in Aschheim, near Munich.
