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Fieldfisher has advised Deutsche Boerse AG, the German listed operator of the Frankfurt Stock Exchange, on its strategic equity investment in the GMEX Group.
GMEX Group is a London-based exchange business focused on the launch of a suite of new products, including original Interest Rate Swap Futures contracts, derivatives indices and emerging markets exchange business partnerships enabled by multi-asset trading technology. With this step, Deutsche Börse is investing in and supporting innovation in new product concepts, some of which will enable institutions to reduce costs to both balance sheet and margining.
The deal involved supporting and advising Deutsche Boerse’s inhouse legal team led by Holger Klafs (Corporate M&A) and Tobias Strobel (IT) on Deutsche Boerse’s acquisition of a minority equity stake in the GMEX Group and performing due diligence on GMEX's intellectual property rights in its "Exchange-in-a-box" technology platform.
The Fieldfisher corporate team was led by partner Neil Matthews, who was supported by senior associate Tom Ward. Neil and Tom were supported by financial services partner Nicholas Thompsell, partners John Worthy and David Naylor and associate Kate Pickering from the technology group, and employment associate Lee Harding.
Neil Matthews said: "We are delighted to have had the opportunity to advise Deutsche Boerse on this transaction. The deal highlights our expertise in advising large corporates on their strategic venturing projects and venture capital investments, particularly in technology and IP rich early stage companies."