Great first half of 2025 - Hengeler Mueller is leading the German M&A League Table
10 July 2025
HSBC Continental Europe has agreed to sell Internationale Kapitalanlagegesellschaft mbH ("INKA"), its Düsseldorf-based licensed asset management company (Kapitalverwaltungsgesellschaft) and fund administration platform, to a fund managed by BlackFin Capital Partners S.A.S.
INKA is an indirect subsidiary of HSBC Germany with c. EUR 430bn assets under administration as of December 2024.
The completion of the transaction is subject to customary regulatory and antitrust approvals and the conclusion of negotiations with HSBC Germany's works council.
Hengeler Mueller advised BlackFin comprehensively on the transaction.
Hengeler Mueller team for BlackFin
Corporate/M&A: Jens Wenzel (partner, lead), Alexander Bekier (counsel), Nicolas Kutscher (senior associate), Ansgar Alofs, Patrick Horwitz (both associate, all Berlin),
Financial Regulatory: Dirk Bliesener (partner, lead), Jan Letto Steffen (counsel), Maximilian Höflich (all Frankfurt), Matthias Mayer (Düsseldorf, both associate),
Employment: Hendrik Bockenheimer (partner), Musa Müjdeci (senior associate, both Frankfurt),
Tax: Sebastian Adam (partner), Karl Hummel (associate, both Frankfurt),
IP/IT: Matthias Berberich (counsel, Berlin).
