Investment Summary

Groupe BPCE Invests In Fidor Bank AG

On July 1, 2016, Groupe BPCE invested in financial services company Fidor Bank AG from XAnge

Investment Highlights
  • This is Groupe BPCE’s 1st transaction in the Financial Services sector.
  • This is Groupe BPCE’s 1st transaction in Germany.

Investment Summary

Date 2016-07-01
Target Fidor Bank AG
Sector Financial Services
Investor(s) Groupe BPCE
Sellers(s) XAnge
Deal Type Stake Purchase

Target

Fidor Bank AG

Munich, Germany
Fidor Bank AG is an online bank currently offering two personal banking products, a current account called the 'Smart Current Account' and savings bonds with terms between 3-36 months. Fidor Bank was formed in 2009 and is based in Munich, Germany.

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Investor(S) 1

Investor

Groupe BPCE

Paris, France

Category Company
Sector Financial Services
DESCRIPTION

Groupe BPCE is France's second largest bank, formed by the 2009 merger of CNCE and BFBP, has more than 8,200 branches nationwide under their respective brand names serving nearly 40 million customers.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Meilleurtaux

Paris, France

Meilleurtaux is a financial services provider with a broad and diversified range of financial services including loan insurance and mortgage brokerage, debt consolidation solutions, savings & investment products as well as P&C and health insurance distribution and brokerage offerings, available both online and through France’s largest network of 340 brokerage branches. Meilleurtaux was founded in 1999 and is based in Paris, France.

Sell -

Seller(S) 1

SELLER

XAnge

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 28 of 42
Sector: Financial Services M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Germany M&A 3 of 3
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 mysportgroup

Berlin, Germany

mysportgroup GmbH is an eCommerce company for sports products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 TVH Consulting

Maisons-Laffitte, France

TVH Consulting is a provider of integration and development of major ERP solutions. TVH serves a portfolio of blue-chip, mid-cap customers, who value both its acclaimed level of expertise and its vertical solutions developed internally around ERP solutions, such as SAP, Microsoft Dynamics AX, and Sage X3-Geode. TVH Consulting was founded in 2003 and is based in Maisons-Laffitte, France.

Sell -