Oppenhoff has extensively advised the long-established Munich-based bank August Lenz & Co. AG on the sale of its Payment Services division to Raisin Bank AG. With this acquisition, Raisin Bank is expanding its business areas as a banking-as-a-service provider further.
Frankfurt-based Raisin Bank is a subsidiary of FinTech and the banking-as-a-service provider Raisin DS. Raisin DS specialises in operating interest portals and investment portfolios.
Bankhaus August Lenz is part of the Italian Mediolanum Banking Group, which provides banking, financial and insurance solutions to over a million customers throughout Europe.
The Oppenhoff team, led by Dr. Stephan König, included Sebastian Gutmann, Anna-Catharina von Girsewald (all Corporate/M&A), Dr. Gunnar Knorr (Tax), Dr. Alexander Willemsen, Alexandra Groth (both Employment Law), Dr. Daniel Dohrn (Antitrust), Dr. Jürgen Hartung, Dr. Marc Hilber (both Data Protection and Distribution Law), Dr. Anna-Gesine Lock (Litigation), Marcel Markovic and Raphael Griemert (both Corporate/M&A).
Oppenhoff has been advising clients on corporate transactions for many years, most recently, for example, on the sale of MVZ Nephrologicum Westfalen, AddLife on the acquisition of BioCat or Storskogen on the acquisition of Christ & Wirth.