Gleiss Lutz advises Tiger Global on acquisition of stake in FinTech unicorn Mambu
A team of Gleiss Lutz lawyers has advised the US financial investor Tiger Global on the acquisition of a stake in the German financial technology company Mambu GmbH. Various investors made investments totalling EUR 110 million during the financing round, bringing Mambu’s valuation to over EUR 1.7 billion. This makes the company a FinTech “unicorn” and one of the most valuable start-ups in Germany.
Mambu provides software solutions for core banking systems, and plans to use the new capital to continue to accelerate its global growth.
Tiger Global is a venture capital and private equity investment company focusing on investments in the internet and technology industries. Gleiss Lutz has regularly advised Tiger Global for many years on investments in Germany, most recently in connection with the sale of its stake in Flaschenpost.
The following Gleiss Lutz team advised on the transaction: Dr. Ralf Morshäuser (partner, lead), Melina Grauschopf, Dr. Tobias Falkner (counsel, all Munich), Dr. Johannes Weigel (Berlin, all M&A), Dr. Johann Wagner (partner, Tax, Hamburg), Dr. Timo Bühler (counsel, Banking and Finance, Frankfurt), Dr. Jacob von Andreae (partner, Public Law, Düsseldorf), Dr. Alexander Molle (partner), Dr. Hannah Bug (both IP/IT, Berlin), Dr. Doris-Maria Schuster (partner) and Dr. Daniela Mayr (both Employment, Hamburg).