FOSUN Group’s €12.5 Million Investment in The Naga Group AG


BEITEN BURKHARDT, Gleiss Lutz, Allen & Overy and Heuking have advised on the deal

This is one of the biggest Series A investments in a FinTech company in Europe so far this year.

NAGA is specialized in disruptive trading technologies for the financial sector and the mother company of the social trading network SwipeStox. Within the first nine months following its launch, users worldwide traded more than EUR 20 billion over SwipeStox. Further, NAGA has recently set up a joint-venture with Deutsche Börse AG to operate a platform for the trading of virtual items for online computer games.

FOSUN Group was founded in 1992 in Shanghai and Fosun International Limited went public in July 2007 at Mainboard of the Hong Kong stock exchange. Today, the FOSUN Group is one of the leading investment groups of Chinese origin and with local presences worldwide. The company is active in Europe inter alia through its majority stakes in Club Med and Hauck & Aufhäuser Privatbankiers.

BEITEN BURKHARDT has advised Fosun with Christof Aha (M&A), Andreas Lober (IT/IP; both leading the team out of Frankfurt), Rainer Süßmann (Banking/Finance, Frankfurt), Philipp Cotta (Regulatory, Munich), as well as Associates Maik Merkens (M&A, Frankfurt) and Susanne Klein (Data Protection, Frankfurt).

Gleiss Lutz has advised Fosun regarding certain regulatory issues with Jacob von Andreae (M&A, Düsseldorf) and Michael Burian (M&A, Stuttgart), Simon Dewes (M&A, Stuttgart), Kevin Grimmeiß (Public Law, Düsseldorf) and Christian Hamann (Counsel, Compliance & Investigations, Berlin).

Allen & Overy has advised The Naga Group with Markus Käpplinger (Private Equity, Frankfurt) and Phillip Prystawik (M&A, Frankfurt).

Heuking has advised The Naga Group with Thorsten Kuthe (M&A, Düsseldorf), Christoph Gringel (Banking & Finance, Frankfurt) and Christian Staps (M&A, Frankfurt).

Involved fees earner: Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Christian Staps – Heuking Kühn Lüer Wojtek; Christoph Gringel – Heuking Kühn Lüer Wojtek; Christof Aha – Beiten Burkhardt; Maik Merkens – Beiten Burkhardt; Andreas Lober – Beiten Burkhardt; Rainer Süßmann – Beiten Burkhardt; Philipp Cotta – Beiten Burkhardt; Susanne Klein – Beiten Burkhardt; Jacob von Andreae – Gleiss Lutz; Michael Burian – Gleiss Lutz; Simon Dewes – Gleiss Lutz; Kevin Grimmeiß – Gleiss Lutz; Christian Hamann – Gleiss Lutz; Markus Käpplinger – Allen & Overy; Phillip Prystawik – Allen & Overy;

Law Firms: Heuking Kühn Lüer Wojtek; Beiten Burkhardt; Gleiss Lutz; Allen & Overy;

Clients: Fosun International; The Naga Group AG;