P+P Pöllath + Partners advises the management of heidelpay on sale to KKR

In August 2019, subject to approval by the authorities, KKR acquired the shares from AnaCap Financial Partners, which previously held approx. 60 percent of the German fintech company. The founder and CEO Mirko Hüllemann, who owns 30 percent of the heidelpay Group, and other managers will remain with the company.

Headquartered in New York, KKR & Co. Inc. (formerly Kohlberg Kravis Roberts & Co.), is a large, publicly listed investment company, which has had a number of major German companies in its portfolio for many years.

heidelpay is a rapidly growing German tech company for international payment transactions. The innovative company relies on its own solutions, such as invoice and installment purchase, direct debit, online transfer or prepayment, as well as on well-known providers of credit cards and wallet solutions. With over 17 years of experience in e-commerce and as a BaFin-approved payment institute, heidelpay offers companies of all sizes the ability to carry out worldwide payment transactions.

P+P Pöllath + Partners provided tax and legal advice to the management of heidelpay with the following team:

• Dr. Benedikt Hohaus (partner, MPP, M&A, private equity, tax law, Munich)
• Dr. Nico Fischer (partner, tax law, Munich)
• Silke Simmer (associate, MPP, M&A, private equity, tax law, Munich)