White & Case Advises Deutsche Bank on Acquisition of Xchanging Transaction Bank GmbH | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Deutsche Bank on Acquisition of Xchanging Transaction Bank GmbH

White & Case Advises Deutsche Bank on Acquisition of Xchanging Transaction Bank GmbH

Global law firm White & Case LLP has advised Deutsche Bank AG on the acquisition of the joint venture between Xchanging etb GmbH (Xetb) and Xchanging plc, which has been in operation since 2004.

Deutsche Bank has taken over the 51 percent shareholding in Xetb previously held by Xchanging for a cash payment of €40.5 million.

Xetb is the holding company of Xchanging Transaction Bank GmbH, which provides securities processing services for Deutsche Bank and other customers. The transaction is subject to approval by the German banking regulatory authorities and the shareholders of Xchanging plc.

Various White & Case practice groups were involved in the transaction. The M&A team was led by partner Dr. Stefan Koch and included local partner Dr. Matthias Kiesewetter and associate Vanessa Vieser, all three of whom are based in Frankfurt. Partner Dr. Jost Kotthoff, local partner Dr. Philip Trillmich and associate Thomas Richter (all Frankfurt) advised on questions related to IT/outsourcing. Cartel law aspects were handled by partner Dr. Börries Ahrens (Hamburg), tax law issues by partner Josef Große Honebrink (Frankfurt) and labor law issues by partner Frank-Karl Heuchemer (Frankfurt).

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