Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Allfunds Group, one of the world’s leading B2B WealthTech platforms, and its majority owner Hellman & Friedman, on its IPO on Euronext Amsterdam.
The IPO represents a 26 per cent sell-down of shares by existing shareholders (including funds managed by affiliates of Hellman & Friedman, GIC, Credit Suisse and BNP Paribas) at an offer price of €11.50, implying a market capitalisation of €7.24bn.
Allfunds is one of the largest B2B WealthTech platforms globally, with over €1.2 tn of Assets Under Administration, access to approximately 1,500 Distributors in 59 countries, a selection of approximately 100,000 funds from 1,960 Fund Houses as of 31 December 2020 and 15 local offices in Europe, Asia, Latin America and North America.
The Freshfields team was led by partners Nick Jones, Tim Wilmot, Jill Gatehouse and Cyrus Pocha in London, David Franco and Raquel Florez in Madrid and Hanneke Rothbarth in Amsterdam. Freshfields also advised Hellman & Friedman and GIC on the €1.8bn acquisition of Allfunds in 2017 and Allfunds on its combination with Credit Suisse InvestLab and its strategic partnership with BNP Paribas in 2019.
