Latham & Watkins Advises Hg on Acquisition of Majority Stake in Fonds Finanz
Latham & Watkins LLP advised Hg, a leading software and services investor, on its investment in Fonds Finanz Maklerservice GmbH (Fonds Finanz), a foremost tech-enabled financial intermediary pool focused on the German insurance sector. Co-founders Norbert Porazik and Markus Kiener will continue to run Fonds Finanz and will lead the future development of the company. Both founders remain significant shareholders in the business.
The Latham team was co-led by Frankfurt private equity partner Oliver Felsenstein and associate Maximilian Platzer, with partner Susanne Decker, associates Dominik Waldvogel and Michele Maurice Stephan and Hamburg associate Jana Maué. Advice was also provided on data security matters by Frankfurt associates Wolf-Tassilo Böhm and Jonas Kraus; on finance matters by partner Alexandra Hagelüken, counsel Cora Grannemann, and associate Philipp Seltzer; on intellectual property matters by Frankfurt partner Susan Kempe-Müller and associate Pia Sösemann; on antitrust matters by Frankfurt partner Max Hauser and associates Alisia Haber and Nicolas Jung; on European banking matters by Frankfurt partner Axel Schiemann; on tax matters by Munich partner Stefan Süß; on employment matters by Munich partner Tobias Leder and associate Christian Strauß; on litigation matters by Frankfurt associates Alena McCorkle and Viviane Opitz; and on compliance matters by Hamburg associate Stefan Bartz.