With a team led by the Frankfurt based partner Dr. Günther M. Bredow, Heuking Kühn Lüer Wojtek advised FinTech Group AG with respect to the participation of SafeCharge International Group Limited by way of a share capital increase in the amount of about EUR 10 million and the corresponding agreement on a strategic partnership. The team of Dr. Bredow advised FinTech Group AG on corporate and capital markets law aspects in particular with respect to the structuring of the transaction.
Up to now, SafeCharge International Group Limited has acquired 5 per cent in FinTech Group AG by way of the share capital increase. In the long term, the group intends to increase its participation. By way of a strategic partnership agreement entered into in this context the parties aim at offering to customers of SafeCharge inter alia comprehensive banking services, mobile payment opportunities and debit cards.
FinTech Group AG is an innovative and established market leader in the German online brokerage market. Its goal is to become the leading financial services technology com-pany in Europe by an extensive transformation and growth process. It focuses on busi-ness models with sustainable, above-average growth and rapid market penetration. The group currently serves more than 200,000 private clients and has assets under admin-istration in the total amount of approximately EUR 4.8 billion. The shares of FinTech Group AG are traded in the Open Market segment of the Frankfurt Stock Exchange.
SafeCharge International Limited Group is a global supplier of services to payment transactions, technology and risk management in the online and mobile business. Since 2007, SafeCharge is certified pursuant to the Payment Card Industry Data Security Standard (PCI-DSS) Level 1 and is listed at the London based AIM.
Advisor FinTech Group AG:
Heuking Kühn Lüer Wojtek
Dr. Günther M. Bredow (Team Leader), Frankfurt,
Dr. Thorsten Kuthe (Capital Markets Law), Cologne
Finn-Michael Liebscher (Corporate/M&A), Frankfurt
Alexander J. Thum (Corporate/M&A), Frankfurt