PwC advises REA Ventures on the acquisition of JFD Bank Group

January 29, 2021

Frankfurt / Nicosia, 29th January 2021

A multidisciplinary and international team from the PwC / PwC Legal network has advised REA Ventures GmbH & Co. KG on its cross-border acquisition of JFD Bank Group, providing legal, tax and IT advice. Lawyers from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and S.A. Evangelou & Co LLC, a company in the PwC Legal network, provided support on legal and regulatory due diligence and the sale and purchase agreement, while experts from PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) advised on tax and IT aspects (tax due diligence, IT due diligence, sale and purchase agreement).

As an investment manager, Hamburg-based REA Ventures implements the venture capital strategy of a Single Family Office. A separate investment company was used as the purchasing investment vehicle to execute the transaction.

The JFD Bank Group consists of JFD Group Ltd, a financial services provider based in Limassol, Cyprus, which is regulated by the Cypriot securities regulator CySEC, and JFD Bank AG, which is a German securities trading bank regulated by BaFin. The core business includes securities services such as the acceptance and execution of customer orders in various financial products as well as portfolio management.

Advisors to REA Ventures:

PwC Legal:

Dr Markus Lange, Dr Jens Bornscheid, LL.M., Maxi Wilkowski, Veronika Ghedina, Dr Alexander Rüter (all Financial Services Legal, Frankfurt), Joy Otto Neugebauer (Corporate/M&A, Berlin)

PwC Germany:

Dr Mathias Link (Tax, Frankfurt), Karin Plähn (Tax, Düsseldorf), Michael Schulz (IT, Cologne)

S.A. Evangelou & Co LLC:

Panayiotis Panayides, Kypros Santis, Fedonas Ioannou, Yiannis Simakis (all Corporate/M&A), Maria Athienitou (Regulatory)

For additional information please contact: 

Martin Krause
PwC Communications
Tel.: (0211) 981 – 16 57
">E-Mail

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

PwC Legal. More than 250 lawyers at 18 locations. Integrated legal advice for the real world.

About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with more than 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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Contributors

Dr. Markus  Lange

Financial Services

Tel: +49 69 9585 2838

Dr. Jens  Bornscheid

Financial Services

Tel: +49 69 9585-5711

Maxi Wilkowski

Financial Services

Tel: +49 69 9585-6452

Veronika Ghedina

Financial Services

Tel: +49 69 9585-6895

Joy Otto Neugebauer

Corporate/M&A

Tel: +49 69 95853653