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FT Partners Advises Vitruvian on its Investment in Deposit Solutions

Overview of Transaction

  • On August 15, 2018, Vitruvian Partners (“Vitruvian”) announced it has made a $100 million minority investment in Deposit Solutions with participation from Kinnevik and existing shareholders including e.ventures
  • The investment values Deposit Solutions in excess of $500 million
  • Vitruvian is an independent European private equity firm that invests in high growth companies in Europe and beyond (more details here)
  • Headquartered in Hamburg, Germany, Deposit Solutions provides an international Open Banking platform for savings deposits
  • Deposit Solutions’ Open Banking platform transforms the value chain in the savings deposit market to the benefit of banks and savers alike
  • Deposit Solutions now connects more than 70 banks from 16 countries to more than 30 million savers through a wide variety of Points-of-Sale including renowned financial institutions such as Deutsche Bank and Fidelity’s FFB

Significance of Transaction

  • Through this investment, Deposit Solutions plans to accelerate the expansion of its business, while ultimately trying to achieve its mission of making Open Banking the new standard for the global $50 trillion market for savings deposits

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Vitruvian
  • This transaction underscores FT Partners' deep FinTech expertise and its continued success in providing buy side advisory to top-tier financial sponsors