Rymarz Zdort advised ProService Finteco sp. z o.o. on its acquisition of 100% of the shares in Moventum sp. z o.o., the parent company of Moventum S.C.A based in Luxembourg. The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has already granted its approval to the transaction.
The ProService Finteco Group is a leading company in its field, operating as a transfer agent offering settlement, fund valuation and corporate accounting services. It also provides associated IT technologies and solutions. The company is owned by funds managed by Oaktree Capital Management and Cornerstone Partners.
Moventum services more than 40,000 customers in over 120 countries worldwide and offers over 10,000 products, including ETFs and other securities. Moventum cooperates with more than 1,600 financial advisors, and has offices in five countries – Luxembourg, Germany, Austria, Poland and the Czech Republic.
The team that advised on the transaction was headed by managing partner Paweł Zdort, who was supported by counsel Jakub Krzemień and senior associate Aleksandra Kabać. The work related to the due diligence of the company was managed by partner Monika Kierepa. Advice related to acquisition financing was provided by partner Zofia Frydrychowicz, who was supported by associates Jakub Czerka and Wiktor Zień.