Hengeler Mueller advised Tencent on the transaction.
Neo-broker and digital wealth manager Scalable Capital has raised EUR 150 million from investors.
The Series-E financing round was led by Tencent Holdings Ltd., a leading Chinese technology company.
This purely primary investment round brings the total capital raised to over EUR 260 million. Existing shareholders participated as well. The funding will be used to accelerate Scalable Capital’s European growth.
Tencent is the world’s largest video game vendor, as well as one of the most financially valuable companies. It is among the largest social media, venture capital, and investment corporations. Its services include social network, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games.
The Hengeler Mueller team was led by partner Jens Wenzel (Picture – Venture Capital/M&A, Berlin) and included partners Christian Schmies (Banking Regulatory), Hendrik Bockenheimer (Employment) (both Frankfurt) and Vera Jungkind (Public Law, Düsseldorf), counsel Fabian Seip (IP/IT, Berlin) as well as associates Clemens Höhn (Venture Capital/M&A), Alexander Orlowski, Alexander Berkle (both Corporate/M&A) (all Berlin), Gerrit Tönningsen (Banking Regulatory), Andreas Kaletsch (Employment) (both Frankfurt) and Sandra Westphal (Public Law, Düsseldorf).
Involved fees earner: Alexander Berkle – Hengeler Mueller; Hendrik Bockenheimer – Hengeler Mueller; Clemens Höhn – Hengeler Mueller; Vera Jungkind – Hengeler Mueller; Andreas Kaletsch – Hengeler Mueller; Alexander Orlowski – Hengeler Mueller; Christian Schmies – Hengeler Mueller; Fabian Seip – Hengeler Mueller; Gerrit Tönningsen – Hengeler Mueller; Jens Wenzel – Hengeler Mueller; Sandra Westphal – Hengeler Mueller;
Law Firms: Hengeler Mueller;
Clients: Tencent Holdings Inc.;