POELLATH advises HPE Growth on EUR 160 million continuation fund for FinTech PPRO
HPE Fund I previously invested in PPRO in 2014 but is nearing the end of its lifespan. The continuation fund also enables participation in PPRO’s future development.
In addition to existing PPRO investors, including PayPal, Citi, JPMorgan, Sprints Capital, Eurazeo Growth and Wellington Management, the transaction added several blue-chip investors as indirect PPRO shareholders through the HPE continuation fund. Coller Capital and Adams Street Partners led the transaction for the continuation fund and were supported by Pomona Capital and W Capital Partners.
HPE Growth is a leading European investor focused on digital and data-driven technology sectors.
POELLATH again provided comprehensive legal advice to HPE Growth with the following team:
- Dr. Frank Thiäner (partner, M&A/private equity, Munich).
- Daniel Wiedmann (associated partner, antitrust law, Frankfurt)
- Dr. Tim Junginger (counsel, M&A/private equity, Munich)
Proskauer (UK) and Stibbe (NL) also advised HPE.
