POELLATH advises Hypoport on joint venture with IKB Deutsche Industriebank
POELLATH advised Hypoport on its joint venture with IKB Deutsche Industriebank in the field of corporate financing. IKB intends to open up a new distribution channel and offer a significant volume of additional corporate financing through the “fundingport” platform, a wholly-owned subsidiary of Hypoport SE.
The agreement provides for IKB to hold a 30% stake in fundingport GmbH and is still subject to regulatory approval.
Lübeck-based Hypoport SE is the parent company of the Hypoport Group. With more than 2,000 employees, the Hypoport Group is a network of technology companies for the credit & real estate and insurance industries.
In IKB, Hypoport’s subsidiary fundingport gains a strong partner of the German Mittelstand sector with its expertise and network.
Fundingport provides the corporate finance platform and will further develop it, especially in the areas of project financing (renewable energy) and corporate and subsidy financing.
POELLATH provided comprehensive legal advice to Hypoport with the following team in all offices: