Press release |


BEITEN BURKHARDT advises leading Chinese investment Group FOSUN on its EUR 12.5 million investment in German FinTech The Naga Group

Frankfurt, 30 March 2017 – The international law firm BEITEN BURKHARDT advised FOSUN Group on EUR 12.5 million investment in The Naga Group AG, Hamburg ("NAGA") .

This is one of the biggest Series A investments in a FinTech company in Europe so far this year.

NAGA is specialized in disruptive trading technologies for the financial sector and the mother company of the social trading network SwipeStox. Within the first nine months following its launch, users worldwide traded more than EUR 20 billion over SwipeStox. Further, NAGA has recently set up a joint-venture with Deutsche Börse AG to operate a platform for the trading of virtual items for online computer games.

FOSUN Group was founded in 1992 in Shanghai and Fosun International Limited went public in July 2007 at Mainboard of the Hong Kong stock exchange. Today, the FOSUN Group is one of the leading investment groups of Chinese origin and with local presences worldwide. The company is active in Europe inter alia through its majority stakes in Club Med and Hauck & Aufhäuser Privatbankiers.

Advisor to Fosun:
BEITEN BURKHARDT: Partners Dr Christof Aha (M&A) and Dr Andreas Lober (IT/IP; both leading the team out of Frankfurt), Rainer Süßmann (Banking/Finance, Frankfurt), Philipp Cotta (Regulatory, Munich), as well as Associates Maik Merkens (M&A, Frankfurt) and Susanne Klein (Data Protection, Frankfurt).
GLEISS LUTZ regarding certain regulatory issues: Partner Dr Jacob von Andreae (M&A, Düsseldorf) and Dr Michael Burian (M&A, Stuttgart), Simon Dewes (M&A, Stuttgart), Kevin Grimmeiß (Public Law, Düsseldorf) and Dr. Christian Hamann (Counsel, Compliance & Investigations, Berlin).

Advisor to The Naga Group:
Allen & Overy: Partner Dr Markus Käpplinger (Private Equity, Frankfurt) and Associate Phillip Prystawik (M&A, Frankfurt).
Heuking: Partner: Dr Thorsten Kuthe (M&A, Düsseldorf) and Dr Christoph Gringel (Banking & Finance, Frankfurt), Salaried Partner Christian Staps (M&A, Frankfurt).
H2: Andreas Luecke.
 
Contact

Dr Christoph Aha
Phone: +49 69 75 60 95 - 451
Email: Christof.Aha@bblaw.com

Dr Andreas Lober
Phone: +49 69 75 60 95 - 582
Email: Andreas.Lober@bblaw.com

Public Relations
Frauke Reuther
Phone: +49 69 75 60 95 – 570
E-mail: Frauke.Reuther@bblaw.com


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Experts

Rainer_Süßmann_Experte_BEITEN_BURKHARDT

Rainer Süßmann

Lawyer

Partner

Maik Benedikt_Merkens_Experte_BEITEN_BURKHARDT

Maik Benedikt Merkens

Lawyer, LL.M.

Partner

Dr. Andreas_Lober_Experte_BEITEN_BURKHARDT

Dr Andreas Lober

Lawyer

Partner

Philipp_Cotta_Experte_BEITEN_BURKHARDT

Philipp Cotta

Lawyer, LL.M.

Partner

Dr. Christof_Aha_Experte_BEITEN_BURKHARDT

Dr Christof Aha

Lawyer

Partner

Susanne_Klein_Experte_BEITEN_BURKHARDT

Susanne Klein

Lawyer, LL.M., Licensed Specialist for Information Technology Law

Partner