Herbert Smith Freehills has advised the founders of German fintech company heidelpay and investor AnaCap Financial Partners on the sale of a majority shareholding in heidelpay Group to New York based investment firm KKR. In 2017, Herbert Smith Freehills advised the founders of heidelpay on their sale of a majority stake to AnaCap.
The team from Herbert Smith Freehills advised together with a team from Proskauer who in 2017 advised AnaCap on their investment in heidelpay Group. Mirko Hüllemann, founder and CEO of heidelpay, and other key managers will remain as long-term shareholders. Financial details of the transaction were not disclosed. The transaction is subject to approval by the German Federal Financial Supervisory Authority (BaFin) and the Commission de Surveillance du Secteur Financier (CSSF).
Based in Heidelberg, the heidelpay Group is one of the fastest-growing and most innovative fintech service providers in Germany. The international payment processing specialist uses its own specially developed solutions such as payment via invoice, instalment payment, direct debit, direct payment and prepayment and those of leading providers of credit cards or wallet solutions. As a payment institute authorised by the BaFin and with over 15 years of experience in e-commerce and at the POS to its credit, the heidelpay Group allows companies of all sizes to effect worldwide payment transactions.
The Herbert Smith Freehills team is led by Dr Nico Abel (Partner, Corporate/M&A) and comprised of Rüdiger Hoffmann (Counsel, Corporate/M&A), Kai Liebrich (Partner, Finance), Dr Marcel Nuys (Partner, Competition, Regulation & Trade (CRT)), Dr Marius Boewe (Partner, CRT), Moritz Kunz (Partner, Employment), Dr Sven Wortberg (Partner, Real Estate), Dr Katja Lehr (Counsel, Finance), Dr Anja Lingscheid (Counsel, Employment), Dr Friso Heukamp (Counsel, Disputes), Dr Florian Huerkamp (CRT) as well as senior associates Dr Simone Ziegler (Employment) and Dr Wolfgang Bomba (IP) and associates Tatiana Guenster (Corporate), Julian Gebauer (Corporate), Tra My Nguyen Thi and Anna Rosón Eichelmann (both Employment), Juliana Penz (CRT).