April 2022 – Kinstellar's Bratislava office has recently advised NN Group ('NN'), a group of financial services companies providing insurance, retirement services, pensions, banking and investments in 11 countries, on the acquisition of a majority share in Finportal, the number-three financial intermediation service provider in Slovakia in terms of turnover.
Companies associated under the NN brand manage pension savings and life insurance for almost one million Slovaks. Finportal brings together more than two thousand intermediaries offering comprehensive financial advice under its own name and brand. Through its investment, NN intends to further strengthen its long-term cooperation with Finportal and is seeking areas for the mutual exchange of know-how, for example in digital solutions.
Kinstellar advised NN throughout the entire transaction, including advice on shareholder relationship arrangements, deal structuring, and merger control issues. The transaction was cleared by the Antimonopoly Office of the Slovak Republic. The value of the deal has not been disclosed.