FNZ (UK) Ltd agreed to acquire Fondsdepot Bank GmbH from DXC Technology Company (NYSE:DXC) and others for €300 million on November 4, 2021. The deal is subject to approval from antitrust authorities and German Federal Financial Supervisory Authority approval. Sebastian Henrichs will continue to be CEO of Fondsdepot Bank, while also leading FNZ Germany. Kai Friedrich will continue to lead ebase as CEO and will be appointed as FNZ’s Head of European Integration. The deal is expected to close in mid 2022. Ashurst LLP Germany acted as legal advisor to FNZ (UK) Ltd. Latham & Watkins LLP acted as a legal advisor to DXC Technology Company (NYSE:DXC).

FNZ (UK) Ltd completed the acquisition of Fondsdepot Bank GmbH from DXC Technology Company (NYSE:DXC) on January 16, 2023.