Flick Gocke Schaumburg advises Objectway on acquisition of DIE SOFTWARE Peter Fitzon GmbH
Objectway, global Top 100 fintech leader in the Digital Wealth and Asset Management software industry, announced today the acquisition of DIE SOFTWARE Peter Fitzon GmbH, a primary German provider of core banking solutions. Flick Gocke Schaumburg advised Objectway on the Tax Due Diligence.
With this acquisition, Objectway complements and strengthens its wealth and asset management offerings with a solid and comprehensive core banking platform. As an EMEA leader in digital banking solutions, Objectway will now serve more than 200 clients in the region, boosting revenues in excess of €100 million.
Advisors Objectway: Flick Gocke Schaumburg (Munich)
Partner: Matthias Full; Associate: Anne-Catherine Lorek (all Tax, M&A)
On the Swiss tax aspects, we were supported by our TAXAND partner firm Tax Partner AG.
Objectway is a Global Top 100 fintech provider (IDC ranking), whose clients include 200+ leading wealth managers, banks, asset managers, fund managers, insurers and outsourcing providers in more than 15 countries. It operates from offices in Italy, UK, Ireland, and Belgium serving clients in 4 continents, and supporting approximately 100,000 investment professionals to manage more than £1 trillion in assets.
DIE SOFTWARE Peter Fitzon GmbH is one of the leading providers of core banking solutions in German-speaking Europe, with more than 35 years of banking experience. Founded in 1983, it has over 140 staff members working from the company’s locations in Munich and in Zurich.