May 12, 2022
Latham & Watkins LLP has advised open banking infrastructure provider Yapily on the acquisition of finAPI, the leading provider of open banking solutions in Germany, from SCHUFA, among others. Following the acquisition, Yapily will become the largest open banking payments platform in Europe. The acquisition is subject to regulatory approvals and is expected to close in the second half of 2022.
The Latham team was led by Frankfurt partner Sebastian Pauls with Munich associate Sophia Probst. Advice was also provided on financial regulatory matters by Frankfurt partner Markus Krüger, with associate Lasse Winzer; on IP matters by Frankfurt partner Susan Kempe-Müller, with associates Pia Sösemann and Daniela Jaeger; on regulatory matters by Frankfurt counsel Joachim Grittmann; on antitrust matters by Frankfurt partner Max Hauser, with Hamburg counsel Jana Dammann de Chapto and Frankfurt associates Alisia Haber and Helena Hofmann; on finance matters by Munich partner Christian Jahn; on tax matters by Munich partner Stefan Süß, with counsel Ulf Kieker and associate Felicitas Mayer-Theobald; on employment matters by London partner Kendall Burnett, with associate Adam Ray and Munich associate Kristina Steckermeier; and on corporate matters by London associates Aimee Godfrey and Samantha Si.