NautaDutilh together with McCann Fitzgerald advised Pollen Street Capital on its minority investment in bunq. The EUR 193 million investment values bunq, a fast-growing neobank currently active in 30 countries, at EUR 1.6 billion. The transaction involves the acquisition by bunq of Capitalflow Group, an Irish SME credit provider and remains subject to regulatory approval. This acquisition is part of bunq's growth strategy, fueling bunq's international credit activities and strengthening its long-term sustainability and profitability.
Lieke van der Velden led our team on this exciting transaction. Lieke notes: "It was a real pleasure to assist Pollen Street alongside the McCannFitzgerald team on this transaction, both from a regulatory and corporate perspective. We also advised Blackstone on its recent investment in Mollie. The Dutch payment services provider market is really going through fundamental changes.”
The NautaDutilh deal team further consisted of Joppe Schoute, Rutger Goudswaard, Thomas Castermans, Eva van Rooijen (Corporate M&A), Larissa Silverentand, Lisette Simons, Willemijn Pieters (Financial Law), Pieter de Jong, Juliëtte Niersman, Naud van Doorn (Employment), Paul Giebels, Sanne Mesu (Corporate Notarial), Terrence Dom (Privacy), Isabella Kleijn (Dispute Resolution), Marleen Velthuis (Corporate Criminal Law) and Ramon Pop (Real Estate).
The investment attracted media attention in the Netherlands and abroad: