Durham believes this acquisition can enable the firm to reach its goal of becoming the leading provider of B2B wealth management platforms in Europe.
Edinburgh-based FNZ Group Acquires German Investment Platform
An Edinburgh-based fintech company, FNZ Group, has announced it will acquire German investment platform, ebase, in a deal worth over €150 million.
Edinburgh-based fintech company, FNZ Group, has announced it will acquire German investment platform, ebase, from comdirect bank AG. FNZ says the deal, estimated to be worth around €151 million, is subject to the approval of banking supervisory and antitrust authorities.
Adrian Durham, CEO of FNZ said: “ebase is a well-established investment platform and leader in the digitisation of wealth management solutions. We look forward to partnering with the highly capable ebase team to grow their business in Germany.”
Ambition to Lead
This acquisition is a significant milestone for FNZ. Founded in New Zealand, the firm sent a team to Edinburgh in 2005 to work with Standard Life before establishing its global headquarters there in 2012.
He said: “This is an important milestone for FNZ Group and underlines our commitment to being the leader in the provision of B2B digital wealth management solutions for financial institutions and their clients in Germany and across Europe.”
Under FNZ’s ownership, ebase will continue with its mission to become a leading digital financial services partner in Germany – continuing investment in technology and customer service. Current Managing Directors, Rudolf Geyer and Lars Müller-Lambrecht, will remain with the company to lead from its headquarters in Aschheim, just outside Munich.
Rudolf Geyer, CEO of ebase, said: “We look forward to working with FNZ Group. Together, we will continue our successful journey and drive our strategy forward.”
Established Industry Figures
Founded in 2002 as part of ADIG Investment GmbH, ebase has operated as an independent and fully licensed platform since 2009 when it was purchased by comdirect bank AG.
The company has over 265 employees, more than one million customers worldwide and in excess of 270 cooperation partners including banks, insurance companies, asset managers, and independent financial intermediaries. It is one of the leading B2B direct platforms in Germany, with assets of around €31 billion.
Its reputation and position as an established industry figure in Germany places FNZ in a unique position; an opportunity to expand its operations and to continue developing a global reputation