CMS Germany advised Edenred Deutschland GmbH on the deal.
Edenred Deutschland GmbH has partnered with Belonio GmbH, a digital platform for employee benefits in small and medium-sized enterprises, as a minority shareholder and strategic partner for sales and development.
This will enable Edenred to expand the range of products available to its customers by adding a digital benefit management platform. Going forward, Edenred’s product solutions will be available on Belonio’s extensive platform.
Edenred is a leading digital service and payment platform. The company offers specific-purpose payment solutions for food, mobility, incentives and corporate payments. It connects over 50 million users and 2 million partner merchants in 46 countries via more than 850,000 corporate clients. Edenred Deutschland brings together more than 37,000 corporate customers with around 63,000 partner merchants across Germany. With a total of some 10,000 employees, the group generated sales of almost EUR 30 billion in 2020. Edenred is listed on the Euronext stock exchange in Paris and is included in the CAC Next 20, FTSE4Good and MSCI Europe indices.
Münster-based Belonio GmbH describes itself as the leading benefit management platform for SMEs in Germany. Established in 2015, the company’s customers now include around 650 employers with more than 100,000 employees. Using Belonio’s cloud-based platform, companies can distribute fringe benefits to employees easily and without additional costs.
The CMS team was headed by Richard Mitterhuber (Picture) and Astrid Roesener and also included Lukas Stegemann, Dr Claudia Rid, Andrea München, Barbara Bayer, Dr Markus Kaulartz, Dr René Sandor, Peter Endres, Martin Maurer and Dr Björn Herbers.
Involved fees earner: Barbara Bayer – CMS Hasche Sigle; Peter Endres – CMS Hasche Sigle; Björn Herbers – CMS Hasche Sigle; Markus Kaulartz – CMS Hasche Sigle; Richard Mitterhuber – CMS Hasche Sigle; Andrea München – CMS Hasche Sigle; Claudia Rid – CMS Hasche Sigle; Astrid Roesener – CMS Hasche Sigle; René Sandor – CMS Hasche Sigle; Lukas Stegemann – CMS Hasche Sigle; Martin Maurer – CMS Legal;