Deposit Solutions GmbH’s Merger With Raisin

Noerr advised Deposit Solutions GmbH on the deal while Orrick Herrington & Sutcliffe represented Headline. Bird & Bird has advised Global Connect Holdings S.a.r.l. Simmons & Simmons has advised Kinnevik. PXR advised Raisin.

Deposit Solutions announced its merger with Raisin.

The FinTech companies specialising in deposit savings will combine to form Raisin DS, which will provide services to banks and consumers in Europe and the USA.

Deposit Solutions is the leading B2B open banking platform in the savings deposit sector. The company operates deposit marketplaces for over 220 partners, including large institutions such as Deutsche Bank.

Raisin is Europe’s largest B2C platform for savings and investments. Both companies are backed by renowned international investors such as Deutsche Bank, Goldman Sachs, Headline, Index Ventures, Kinnevik, PayPal Ventures, Peter Thiel und Ribbit Capital. The new company, that will work with around 400 banks and financial services providers from more than 30 countries, will be jointly led by the founders Tim Sievers (Deposit Solutions) and Tamaz Georgadze (Raisin).

Deposit Solutions, which since the investment by Deutsche Bank has been valued as a unicorn company, once again relied on Noerr for this transaction.

Global Connect Holdings S.a.r.l. is a fund belonging to Vitruvian Partners.

The Noerr team was led by Dr Sascha Leske (Picture) and Felix Blobel and also included Dominik Rompza, Lukas Zöllner, Daniel Fuchs, Anne-Kristin Schiller, Nils Wilfert, Dr Stefan Schwab, Yvonne Dietzel, Dr Benjamin Jahn, Dr Thomas Thalhofer, Dr Tom Billing, Dr Marvin Bartels, Dr Jan Dinter and Dr Kathrin Westermann.

Headline was advised by an international Orrick team led by Düsseldorf-based partner Sven Greulich. The team also included partners Carsten Bernauer, Christoph Rödter, Stefan Schultes-Schnitzlein, Jonathan Rosen and James Larkin, counsel Nils Kürten and managing associates Mark Rossbroich, Bridget Winters and Rudy Marouani from our Düsseldorf, Munich, London, Paris and New York offices.

Global Connect Holdings S.a.r.l. was advised by the following Bird & Bird lawyers: Partner Dr. Hans Peter Leube, LL.M., (Frankfurt), partner Dr. Stefanie Orttmann, LL.M. (Düsseldorf) (both lead), associate Jan Medele (Düsseldorf), and counsel Andrea Schlote (Munich), all Corporate/ M&A.

The Simmons team advising Kinnevik was led by Munich-based private equity partner Dr Fabian von Samson-Himmelstjerna with cross practice support from Simmons’ German tax team.

The PXR team included Dr. Peter Möllmann, Daniel Grisar, Janina Möllmann, Mirco Zantopp, Niko Paetzold, Theresa Schleimer and Cristina Varela.

Involved fees earner: Hans Peter Leube – Bird & Bird; Jan Medele – Bird & Bird; Stefanie Orttmann – Bird & Bird; Andrea Schlote – Bird & Bird; Marvin Bartels – Noerr; Tom Billing – Noerr; Felix Blobel – Noerr; Yvonne Dietzel – Noerr; Jan Dinter – Noerr; Daniel Fuchs – Noerr; Benjamin Jahn – Noerr; Sascha Leske – Noerr; Dominik Rompza – Noerr; Anne-Kristin Schiller – Noerr; Stefan Schwab – Noerr; Thomas Thalhofer – Noerr; Kathrin Westermann – Noerr; Nils Wilfert – Noerr; Lukas Zöllner – Noerr; Carsten Bernauer – Orrick Herrington & Sutcliffe LLP; Sven Greulich – Orrick Herrington & Sutcliffe LLP; Nils Kürten – Orrick Herrington & Sutcliffe LLP; James Larkin – Orrick Herrington & Sutcliffe LLP; Rudy Marouani – Orrick Herrington & Sutcliffe LLP; Christoph Rödter – Orrick Herrington & Sutcliffe LLP; Jonathan Rosen – Orrick Herrington & Sutcliffe LLP; Mark Rossbroich – Orrick Herrington & Sutcliffe LLP; Stefan Schultes-Schnitzlein – Orrick Herrington & Sutcliffe LLP; Bridget Winters – Orrick Herrington & Sutcliffe LLP; Daniel Grisar – PXR Legal; Janina Möllmann – PXR Legal; Peter Möllmann – PXR Legal; Niko Paetzold – PXR Legal; Theresa Schleimer – PXR Legal; Cristina Varela – PXR Legal; Mirco Zantopp – PXR Legal; Fabian von Samson-Himmelstjerna – Simmons & Simmons;

Law Firms: Bird & Bird; Noerr; Orrick Herrington & Sutcliffe LLP; PXR Legal; Simmons & Simmons;

Clients: Deposit Solutions; Global Connect Holdings S.a.r.l.; Headline; Kinnevik; Raisin GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler