Home / Business and Economy / Deutsche Borse Buys Allfunds for 5.3B Euros
Deutsche Borse Buys Allfunds for 5.3B Euros
22 Jan
Summary
- Deutsche Borse Group is acquiring Allfunds for approximately 5.3 billion euros.
- The acquisition includes a 32.5% premium over Allfunds' November closing price.
- The deal is expected to close in the first half of 2027, creating a global fund services leader.
Deutsche Borse Group has entered into an agreement to acquire the wealth management company Allfunds for approximately 5.3 billion euros. This transaction represents a substantial premium of 32.5% over Allfunds' closing price on November 26, 2025. Allfunds shareholders will receive 6 euros in cash along with 2.60 euros worth of Deutsche Borse Group stock, plus a dividend for fiscal 2025.
This acquisition is poised to create a formidable global entity in fund services, leveraging the distribution prowess of Allfunds and the custody and settlement capabilities of Deutsche Borse Group's Clearstream Fund Services. The deal is projected to be accretive to cash earnings per share within the first full year post-closing, which is anticipated in the first half of 2027.
Deutsche Borse Group anticipates annual pre-tax cost synergies of 60 million euros, alongside capital expenses savings of 30 million euros annually. A significant portion of these projected savings is expected to be realized by the end of 2028. The acquisition has received unanimous support from Allfunds' board of directors, with major shareholders already agreeing to vote in favor.
