Travers Smith has advised Bank J. Safra Sarasin AG, a global leader in private banking and wealth management, on its acquisition of a 70% stake in Saxo Bank A/S from Geely Financials Denmark A/S (a subsidiary of Geely Holding) and Mandatum Group. Saxo Bank, headquartered in Copenhagen, is a leading international fintech bank which provides online trading and investment services for private and institutional investors and traders.
The Travers Smith team was led by Head of Corporate M&A and ECMAdrian West, supported by Senior AssociateHamish Reidand AssociateWill Rann. Competition law advice is being provided by our Competition team, led by PartnerNigel Seay.
Travers Smith worked closely with leading Swiss law firm Walder Wyss. Accura acted as local Danish counsel. Completion of the transaction is subject to standard regulatory and other approvals.