P+P advises Deutsche Leasing AG on acquisition of a stake in AKA Bank

The objective of the Deutsche Leasing Group is to expand the ECA-supported (Export Credit Agency) business to an investment volume of between 1 and 10 million Euros and take it worldwide. The ECA offering primarily focuses on medium-sized business customers of the savings banks and Deutsche Leasing. They previously concluded a cooperation agreement to this effect with the 25 largest savings banks in 2019. Deutsche Leasing's official accession to the AKA consortium will take place within the framework of the rotating consortium meeting of the shareholder banks at the beginning of May 2020.

P+P Pöllath + Partners advised Deutsche Leasing AG on all legal, regulatory and antitrust aspects of the acquisition with the following team:

• Dr. Ralf Bergjan (partner, lead, bank M&A/private equity, Munich)
• Dr. Sebastian Käpplinger (partner, regulatory law, Frankfurt)
• Daniel Wiedmann (associated partner, antitrust law, Frankfurt)
• Nemanja Burgic (associate, bank M&A/private equity, Munich)

Deutsche Leasing Group is an asset finance and asset service partner for medium-sized German companies. P+P has advised Deutsche Leasing on various occasions, most recently on the acquisition of Deutsche Factoring Bank.