fundingport GmbH, a wholly owned subsidiary of Hypoport SE, and IKB Deutsche Industriebank AG agreed to cooperate in the area of corporate finance. IKB will contribute its long-standing expertise in the German SME sector and its structuring competence for corporate loans, in particular in the area of public programme loans, to the cooperation. The Hypoport subsidiary fundingport provides its corporate finance platform. The agreement also provides for a 30% stake by IKB in fundingport and is still subject to regulatory approvals.
Hengeler Mueller advised IKB on the agreement. The team was led by partner Lucina Berger (Corporate/M&A) and included partners Christian Schmies (Regulatory, both Frankfurt) and Alf-Henrik Bischke (Antitrust, Düsseldorf) as well as associates Marika Öry (Corporate/M&A), Gerrit Tönningsen (Regulatory) (both Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).