23 December 2021
- Jennifer Chimanga, Chris Grey, Gareth Camp, André Duminy, Mark Comber, Stephen Reese, Richard Kalaher, Nicola Hemsley, Nelson Jung, Aniko Adam
- London, New York, Singapore, Hong Kong
Clifford Chance advises Anchorage Capital Partners on the acquisition of GBST including its market leading wealth management Fintech platform
International law firm Clifford Chance advised Anchorage Capital Partners, a leading global private equity fund with extensive financial services and systems experience, on the acquisition of GBST, a leading global wealth management platform from FNZ.
Anchorage Capital Partners' investment is focussed on GBST’s wealth management division, including its market leading technology wealth management administration platform, Composer. Following the transaction, FNZ will reacquire GBST’s capital markets division.
The transaction received approval from the UK Competition and Markets Authority and was carried out pursuant to final undertakings given by FNZ to the CMA to divest GBST.
Clifford Chance is recognised globally as a leading M&A adviser in complex, strategic, multi-jurisdictional matters and its Tech Group has long-standing expertise in advising leading Fintech and other technology companies on cross-border mergers and acquisitions as well as non-tech companies on the potential tech implications of proposed M&A.
Jennifer commented: "We are delighted to have supported Anchorage Capital Partners on this exciting investment in the Fintech sector of a company with a best-in-class technology platform and an enviable list of blue chip global clients. Our market-leading global Tech Group is again at the forefront of international Fintech deals, advising our clients across the full range of their tech M&A needs - whether on IP heavy acquisitions or helping them to navigate complex antitrust or other regulatory matters".
Clifford Chance's multidisciplinary team across offices in London, New York, Singapore and HK advised Anchorage Capital Partners and was led by London TMT M&A partner Jennifer Mbaluto, supported by Chris Grey and Gareth Camp (partner) with: TSA and carve-out advice provided by Andre Duminy (partner), supported by Mark Comber; IP advice provided by Stephen Reese (partner), supported by Leigh Smith; Tax advice provided by Richard Kalaher (partner), supported by Nicola Hemsley; and Antitrust advice provided by Nelson Jung (partner), supported by Aniko Adam.
Anchorage Capital Partners was advised on Australian law aspects by Gilbert + Tobin.