LSP advises FNZ Group on the acquisition of European Bank for Financial Services GmbH (ebase)
LSP advised the FNZ Group on the acquisition of European Bank for Financial Services GmbH (ebase) from comdirect bank AG. LSP advised, in particular, on the holder control procedure, the discussions with the Association of German Banks (BdB) in relation to deposit protection as well as the regulatory due diligence.
The share purchase agreement was concluded in July 2018. The transaction was approved by the European Central Bank in July 2019.
ebase offers as a banking institute in addition to comprehensive services in the custody business also financial portfolio management and deposit business. ebase is a full-service partner for financial distributors, insurance companies, banks, asset managers, capital management companies and FinTech-s.