Hengeler Mueller advises Tencent on investment in N26
21. March 2018
As part of a Series C Funding round, Tencent Holdings Ltd., one of the leading technology companies, particularly in China, and Allianz X, the digital investment unit of Allianz Group, together with other co-investors have invested significantly in N26 GmbH, a provider of mobile banking. The funding represents the largest equity financing round (non IPO) in the fintech industry in Germany to date and one of the largest in Europe
Hengeler Mueller advised Tencent together with US law firm Davis Polk & Wardwell on the transaction. The Hengeler Mueller team included partners Emanuel P. Strehle (M&A, Munich), Christian Schmies (Banking and Capital Markets, Frankfurt), Vera Jungkind (Data Protection, Düsseldorf), Christian Hoefs (Labour, Frankfurt) and counsel Patrick Wilkening (IP/IT) as well as associates Daniel Illhardt, Aris Marinello (both M&A, Munich), Michael Born (Banking and Capital Markets, Frankfurt), Matthias Rothkopf (IP/IT, Frankfurt), Deniz Tschammler (Data Protection, Düsseldorf) and Anne Broll (Labour, Frankfurt).