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Aug 15, 2016 11:00 EST

Zelig Associates advises Fidor Group on its sale to Group BPCE

Disclosure NewswireTM

iCrowdNewswire - Aug 15, 2016

 

Zelig Associates is pleased to announce that it acted as exclusive financial adviser to Fidor Group, the digital challenger bank headquartered in Germany, on its sale to Group BPCE, the second-largest banking group in France with 35 million customers.

Fidor was founded in 2009 and is composed of Fidor Bank AG, the challenger bank with 125,000 customers and 350,000 community users in the UK and Germany, and Fidor AG, the provider of white-label digital banking technology.

Matthias Kröner, CEO and founder of Fidor, commented: “This move will allow Fidor to continue its international expansion and drive the development of our innovative digital technology even further… We are excited to have such a well-established partner as BPCE in the financial world that recognises the need for an entrepreneurial approach to banking and innovation.”

This is a landmark transaction in the neo-banking space in Europe, and underlines Zelig’s expertise in the sector.

Click here to view the press release.

Fidor CEO, Matthias Kröner, explains the motivation for the transaction.

 
For additional information about this transaction, please contact:
Gerd Weissenboeck
Managing Partner
+44 203 440 3606
[email protected]
Alexis Kalmanovitz
Managing Partner
+1 646 707 2272
[email protected]
  fidor-group-logogroupbpce-logo
About Zelig Associates
Zelig Associates is the only FinTech investment banking boutique with a presence in both Europe and North America. We provide independent strategic and financial advice to entrepreneurs, mid-market private equity and venture funded companies as well as large international corporations. The firm combines entrepreneurial spirit and transaction excellence with a passion for the FinTech sector. Select transactions include the $3.4bn LBO of Interactive Data Corp by SilverLake and Warburg Pincus, the sale of IND to Misys, and the sale of QuantHouse to S&P. Zelig Associates has a presence in London and Los Angeles.
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Copyright © 2016 Zelig Associates, All rights reserved.
Zelig Associates is an appointed representative of Smythe House Limited who are authorised and regulated by the Financial Conduct Authority FCA No. 583142Our offices:

Zelig Associates

40 Gracechurch Street

London, EC3V 0BT

United Kingdom

 

 

Contact Information:

Gerd Weissenboeck
Managing Partner
+44 203 440 3606
[email protected]

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