Allen & Overy advises sole shareholder of DIAMOS AG on its acquisition by FNZ

Founded in 1984, DIAMOS is a leading German provider of standard software and services for the investment sector, and primarily active in the markets of Germany, Austria, Switzerland, Liechtenstein and Luxembourg. The wealthtech specialist will provide FNZ with advanced technology expertise in fund administration and alternative investments, along with outstanding domain expertise across the entire wealth management value chain. With more than 100 employees and a strong development team, DIAMOS has been successfully developing innovative solutions for the wealth management industry for decades. The company is headquartered and has a branch in Germany as well as subsidiaries in Luxembourg and Switzerland.

On acquiring DIAMOS, FNZ will employ more than 1 000 people in the DACH region and more than 5,000 worldwide. Today, FNZ administers more than USD 1.5 trillion in client assets on its platform for over 20 million investors worldwide and has created significant scale efficiencies that are directly passed on to its customers.

The Allen & Overy team was co-led by partner Dr Hartmut Krause, counsel Alexander Wuepper and senior associate Yasmin Weber (all Corporate/M&A, Frankfurt) and comprised furthermore partners Dr Heike Weber (Tax), Dr Udo Herbert Olgemoeller (Public Law / Foreign Trade Law, both Frankfurt) and Dr Jens Matthes. The team also included senior associate Anna Kraeling as well as associates Katharina Juenemann (all IP, Dusseldorf), Dr Maria Boerner (Corporate/M&A), Sven Bischoff (Tax), Dr Stephan Buehner (Public Law / Foreign Trade Law) and Dr Johanna Gerstung (Employment & Benefits, all Frankfurt). Advice on Antitrust Law issues was given by partner Juergen Schindler and senior associate Milosz Cywinski (both Brussels).

The A&O team based in London advised on English law.