MEDIUMVulnerability
Global
FNZ offloads German bank to focus on wealthtech business
·Source: Finextra
Updated:
Executive Summary
Wealth management platform FNZ has agreed to sell its German FNZ Bank business to Advent and a consortium including HarbourVest Partners. Financial terms were not disclosed.
Analysis
Wealth management platform FNZ has agreed to sell its German FNZ Bank business to Advent and a consortium including HarbourVest Partners. Financial terms were not disclosed.