Advising Arkea on acquisition of net-m privatbank 1891 from Docomo
21 December 2018
Allen & Overy advises Arkea Banking Services on all legal aspects of the acquisition of Net-m privatbank 1891 AG from Docomo Digital Germany GmbH. Consummation of the transaction is subject to merger control and banking regulatory clearance. The parties agreed to keep the purchase price confidential.
Arkea Banking Services, a subsidiary of Arkea Group, is a French bank created in 2010, building and managing banking solutions for banking institutions, payment institutions and fintechs. Net-m privatbank 1891 is a German digital bank which enables its partners to provide financial services to their clients.
DOCOMO Digital is a provider of a global payments platform to leading OTTs, merchants and content providers. It is a fully owned subsidiary of the Japanese mobile operator NTT DOCOMO. DOCOMO Digital is headquartered in London but is a global company, present in 35 offices across six continents.
The Allen & Overy team was jointly led by partner Dr Hartmut Krause and counsel Alexander Wüpper (both Corporate/M&A, Frankfurt) and further comprised partners Dr Alexander Behrens (Banking Regulatory) and Dr Michael Ehret (Tax, both Frankfurt), senior associates Tatiana Marzoli (Corporate/M&A), Dr Jan Hendrik Bode (Banking and Finance), Dr Riccardo Marinello (Real Estate, all Frankfurt), Raphael Bloch (Corporate/M&A, Paris) and Yukiko Hitzelberger-Kijima (Employment and Benefits, Düsseldorf), as well as associates Frederic Wünsche (Corporate/M&A), Kai Schadtle and Fabian Schulze (Banking Regulatory), Dr Lisa Müller (Employment and Benefits), Tobias Eggert (Tax, all Frankfurt), Friederike Popot-Müller (Antitrust, Hamburg), Catharina Glugla (Data Protection) and Anna Kräling (IP, both Düsseldorf).