French finance solution provider for Small- and Medium-sized Enterprises (SMEs) Qonto has entered into an agreement on the acquisition of the German fintech Penta. Penta also provides digital business finance solution for SMEs, sole proprietors and professionals. With its 200 employees the company serves 50,000 customers in Germany. Qonto serves more than 250,000 customers in France, Germany, Italy and Spain with more than 700 employees. Closing of the transaction is envisaged for the coming weeks.
Hengeler Mueller advises Qonto on the transaction. The team is led by partner Andreas Hoger (Frankfurt) and includes partners Jens Wenzel (Berlin), Georg Frowein (Frankfurt) (all M&A/Venture Capital), Markus Ernst (Tax, Munich), Hendrik Bockenheimer (Employment), Christian Schmies (Banking Regulatory) (both Frankfurt) and Markus Röhrig (Antitrust, Brussels), counsel Matthias Berberich (IP/IT) and Erasmus Hoffmann (Public Law) (both Berlin) as well as associates Philipp Ersfeld (Frankfurt), Tobias Schilling, Sean Tries (both Berlin), Christian Voigt (Frankfurt) (all M&A), Clemens Höhn (Venture Capital, Berlin), Gerrit Tönningsen (Banking Regulatory, Frankfurt), Sebastian Heinrichs (Frankfurt), Tim Würstlin (Munich) (both Tax), Selina Rohr (Employment, Frankfurt), Anton Petrov (Public Law, Berlin) and Christoph Sielmann (Antitrust, Brussels).