HarbourVest Global Private Equity Ltd

A consortium led by Advent International and including HarbourVest Partners has agreed to acquire FNZ Bank from FNZ. The new owners plan to support the bank's next stage of development through long-term investment in technology and operating functions, while also enhancing its products and services for partners. FNZ Bank is a Germany-based provider of banking and infrastructure services for the wealth management sector, linking more than 50,000 financial advisers, 200 asset managers, and over 400 distribution partners, serving more than 2.1 million end customers and holding €155 billion in assets under custody. FNZ and FNZ Bank will maintain their existing commercial relationship after the deal closes, with FNZ continuing to provide technology to support the bank's operations in Germany. The transaction is expected to be completed in the second half of 2027, subject to regulatory and other approvals.