bunq’s $228 Million Series A Round and Acquisition of Capitalflow Group

McCann FitzGerald advised Capitalflow and its owner Pollen Street Capital on the sale of Capitalflow to bunq and NautaDutilh advised Pollen Street Capital.

Amsterdam-based challenger bank Bunq raised $228 million (€193 million) in a round led by Pollen Street Capital.

Bunq founder Ali Niknam also participated in the round, iinvesting $29.5 million (€25 million).

As part of the deal, Bunq acquired Capitalflow Group, an Irish lending company that was previously owned by Pollen Street Capital. The sale is subject to Dutch regulatory approval.

Established in 2016, Capitalflow lends to SMEs operating across various industry verticals in Ireland.

The McCann Fitzgerald team was led by Conor O’Dwyer (Picture), along with Adrian Farrell, Ben Gaffikin, Josh Hogan and Eva Giblin.

The NautaDutilh deal team was lead by Lieke van der Velden and further consisted of Joppe Schoute, Rutger Goudswaard, Thomas Castermans, Eva van Rooijen (Corporate M&A), Larissa Silverentand, Lisette Simons, Willemijn Pieters (Financial Law), Pieter de Jong, Juliëtte Niersman, Naud van Doorn (Employment), Paul Giebels, Sanne Mesu (Corporate Notarial), Terrence Dom (Privacy), Isabella Kleijn (Dispute Resolution), Marleen Velthuis (Corporate Criminal Law) and Ramon Pop (Real Estate).

Involved fees earner: Adrian Farrell – McCann FitzGerald; Ben Gaffikin – McCann FitzGerald; Eva Giblin – McCann FitzGerald; Josh Hogan – McCann FitzGerald; Conor O’Dwyer – McCann FitzGerald; Pieter de Jong – NautaDutilh; Terrence Dom – NautaDutilh; Paul Giebels – NautaDutilh; Rutger Goudswaard – NautaDutilh; Isabella Kleijn – NautaDutilh; Sanne Mesu – NautaDutilh; Juliëtte Niersman – NautaDutilh; Willemijn Pieters – NautaDutilh; Ramon Pop – NautaDutilh; Joppe Schouten – NautaDutilh; Larissa Silverentand – NautaDutilh; Lisette Simons – NautaDutilh; Lieke van der Velden – NautaDutilh; Naud van Doorn – NautaDutilh; Marleen Velthuis – NautaDutilh;

Law Firms: McCann FitzGerald; NautaDutilh;

Clients: Capitalflow; Pollen Street Capital;

Federica Tiefenthaler

Author: Federica Tiefenthaler