White & Case Advises UP Group on Acquisition of givve

Press Release
1 min read

Global law firm White & Case LLP has advised C.D Holding Internationale SAS, an affiliate of French UP Group, on its acquisition of 100 percent of the shares in PL Gutscheinsysteme GmbH and its subsidiary givve Ltd. (givve) for an undisclosed price.

"We have had a relationship with UP Group since its acquisition of Monizze in 2015, when we advised of the founders and shareholders of Monizze," said White & Case partner Thierry Bosly, who led the Firm’s deal team. "We subsequently advised Monizze and UP Group on its 2016 acquisition in Belgium of PayFair, and this transaction is an example of the way in which White & Case builds long term relationships with its clients and supports their international growth ambitions."

The seller is a consortium consisting of venture capital funds backed, among others, by entrepreneurs Redalpine and Jochen Schweizer and the management team of givve. With this acquisition, UP Group strengthens its position in Germany and as a major European player in the employee compensation business.

givve is a German fintech startup that offers a platform to businesses facilitating, automating and optimizing the management and distribution of employee benefits, combined with a multiuse payment card. It currently serves 6,000 clients which together employ more than 250,000 employees.

The White & Case team which advised on the transaction was led by partner Thierry Bosly (Brussels) and local partner Ingrid Wijnmalen (Frankfurt), with support from partner Bodo Bender (Frankfurt) and associate Tim Bracksiek (Frankfurt).

Press contact
For more information, please speak to your local media contact.