Wolf Theiss, working with Hengeler Mueller, has advised Grenke on the sale of its factoring business to Teylor. White & Case advised Teylor.
The transaction remains contingent on regulatory approvals in Germany.
Grenke is a financing partner for small and medium-sized enterprises.
Switzerland-based Teylor is a technology-driven platform for SME financing.
According to Wolf Theiss, under the first phase of the transaction, Teylor will acquire Grenke’s factoring activities in Germany, the United Kingdom, Ireland, and Poland, with plans to expand further by acquiring operations in Italy and Portugal.
The Wolf Theiss team included Partner Maciej Olszewski and Counsel Adrian Krzyzanowski.
The White & Case team included lawyers in Frankfurt, Hamburg, and Duesseldorf.
