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Freshfields advises Hellman & Friedman and GIC on the €1.8bn acquisition of Allfunds Bank

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Hellman & Friedman and GIC on their agreement to acquire Allfunds Bank, S.A. (‘Allfunds’) a leading global financial technology business, from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus. The transaction is valued at €1.8bn and is subject to customary closing conditions.

 Allfunds offers integrated technology-based solutions to asset managers and distributors of mutual funds.  It is the leading B2B platform, providing a range of services supporting the mutual fund distribution activities of over 530 institutional clients, including commercial banks, private banks and insurance companies from 38 different countries. Allfunds has a global network of offices across Europe, Asia and Latin America and over €265bn assets under administration globally, covering 51,000 funds from 541 fund managers.

Commenting on the transaction, Freshfields partner David Higgins said: “We are delighted to have helped Hellman & Friedman and GIC on this transaction, which demonstrates our team’s strength in cross-border M&A, including in the fintech space where complex regulatory and contractual issues are core considerations”.

The multijurisdictional Freshfields team was led across London and Madrid by partners David Higgins, Tim Wilmot, David Franco and David Rouch. 


Notes for editors

Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.

The Freshfields team was led by: