Grenke AG, a global financing partner for small and medium-sized enterprises (SME), has entered into an agreement with the Swiss company Teylor AG, a leading technology-driven platform for SME financing, for the gradual takeover of its factoring business.
Teylor will initially take over the factoring companies in Germany, the UK, Ireland, Poland and Hungary and aims to acquire all companies, including Italy and Portugal, in the medium term. A staggered closing process will commence shortly and is expected to be completed by mid-2026. Customary closing conditions apply.
Hengeler Mueller advises grenke comprehensively on the sale of the factoring business.
Hengeler Mueller works in an integrated team with A&L Goodbody (Ireland), BonelliErede (Italy), Macfarlanes (United Kingdom), Walder Wyss (Switzerland), Uría Menéndez (Portugal) and Wolf Theiss (Hungary and Poland).
Hengeler Mueller-team for grenke AG
M&A: Jens Wenzel (partner), Alexander Bekier (counsel, both lead, both Berlin),
Corporate: Lucina Berger (partner, Frankfurt),
Regulatory: Dirk Bliesener (partner, Frankfurt), Marvin Geisler (senior associate, Düsseldorf),
Financing: Martin Geiger (partner), Nikolaus Vieten (partner), Heike Kainer (all Frankfurt), Jan Schneidereit (London, both senior associate),
Data protection: Thomas Kosmider (associate, Düsseldorf),
IP/IT: Matthias Berberich (counsel, Berlin),
Tax: Marius Marx (counsel, Frankfurt).
