Add-on Acquisition • Internet Software and Services

Smava Acquires FFG Finanzcheck Finanzportale

On February 12, 2021, Smava acquired internet software and services company FFG Finanzcheck Finanzportale from Hellman & Friedman

Acquisition Context
  • This is Smava’s 1st transaction in the Internet Software and Services sector.
  • This is Smava’s 1st transaction in Germany.

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M&A Deal Summary

Date February 12, 2021
Target FFG Finanzcheck Finanzportale
Sector Internet Software and Services
Buyer(s) Smava
Sellers(s) Hellman & Friedman
Deal Type Add-on Acquisition

Target Company

FFG Finanzcheck Finanzportale

Hamburg, Germany
Based in Hamburg, Finanzcheck is an independent and technology-driven financing platform that brings consumers into contact with providers of financial products. Consumers benefit from considerable savings in interest costs and greater opportunities for financing, while product providers benefit from significantly lower customer acquisition costs. Finanzcheck's end-to-end platform includes world-class technology and customer service to cover the entire lifecycle from customer acquisition to loan approval and beyond.
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Buyer Overview 1

Buyer

Smava

Berlin, Germany

Category Company
Founded 2007
Sector Financial Services
Employees400
DESCRIPTION

Smava is a consumer lending marketplace that connects borrowers with personal loan offerings from over 25 partner banks. Smava was formed in 2007 and is based in Berlin, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


Deal Context for Seller #
Overall 55 of 64
Sector: Internet Software and Services 5 of 6
Type: Add-on Acquisition 12 of 14
Country: Germany 4 of 4
Year: 2021 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Vantage

Pembroke, Bermuda

Vantage is a commercial property & casualty insurance carrier that utilizes technology and analytics to efficiently underwrite business in attractive segments of the commercial insurance market. Vantage was founded in 2020 and is based in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Cordis

Miami Lakes, Florida, United States

Cordis is a provider of cardiovascular and endovascular medical devices. Its products are primarily used in procedures to diagnose and treat the narrowing or blockage of arteries. Cordis was founded in 1966 and is based in Miami Lakes, Florida.

Buy $1.0B