White & Case LLP has advised C.D Holding Internationale SAS, an affiliate of French UP Group, on its acquisition of 100 percent of the shares in PL Gutscheinsysteme GmbH and its subsidiary givve Ltd. (givve) for an undisclosed price.
The seller is a consortium consisting of venture capital funds backed, among others, by entrepreneurs Redalpine and Jochen Schweizer and the management team of givve. With this acquisition, UP Group strengthens its position in Germany and as a major European player in the employee compensation business.
givve is a German fintech startup that offers a platform to businesses facilitating, automating and optimizing the management and distribution of employee benefits, combined with a multiuse payment card. It currently serves 6,000 clients which together employ more than 250,000 employees.
The White & Case team which advised on the transaction was led by partner Thierry Bosly (Picture)) and local partner Ingrid Wijnmalen (Frankfurt), with support from partner Bodo Bender (Frankfurt) and associate Tim Bracksiek (Frankfurt).
Law Firms: White & Case;
Clients: Up Group;