Hellman & Friedman and GIC’s €1.8 Billion acquisition of Allfunds Bank, S.A.

Freshfields Bruckhaus Deringer LLP has advised Hellman & Friedman and GIC on their agreement to acquire Allfunds Bank, S.A. (‘Allfunds’) a leading global financial technology business, from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus.

The transaction is valued at €1.8bn and is subject to customary closing conditions.

Allfunds offers integrated technology-based solutions to asset managers and distributors of mutual funds. It is the leading B2B platform, providing a range of services supporting the mutual fund distribution activities of over 530 institutional clients, including commercial banks, private banks and insurance companies from 38 different countries. Allfunds has a global network of offices across Europe, Asia and Latin America and over €265bn assets under administration globally, covering 51,000 funds from 541 fund managers.

The multijurisdictional Freshfields team was led across London and Madrid by partners David Higgins (Picture), Tim Wilmot, David Franco and David Rouch.

 

Involved fees earner: David Higgins – Freshfields Bruckhaus Deringer LLP; Tim Wilmot – Freshfields Bruckhaus Deringer LLP; David Franco – Freshfields Bruckhaus Deringer LLP; David Rouch – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: GIC Pte. Ltd.; Hellman & Friedman;