Clifford Chance, Latham & Watkins and Hengeler Mueller advise on Crédit Agricole’s acquisition of IKB Deutsche Industriebank AG.
Crédit Agricole has entered into an agreement with Lone Star Funds to acquire 100% of the share capital of IKB Deutsche Industriebank AG (IKB). IKB is a leading provider of banking services and financing for small and medium-sized enterprises in Germany, with total assets of €14.3 billion.
Completion of the transaction is subject to customary closing conditions, including merger control clearances, clearance under the Foreign Subsidies Regulation, and approval by the European Central Bank. Closing is expected by the end of the second quarter of 2027.
Clifford Chance advised leading French bank Crédit Agricole on the signing of an agreement with Lone Star Funds to acquire 100% of the share capital of IKB Deutsche Industriebank AG (“IKB”).
The team was led by Partners Thomas Krecek (Corporate/M&A), Marc Benzler (Financial Regulation), Mark Aschenbrenner (Corporate/Private Equity), Dominik Engl (Tax) and Marc Besen (Antitrust).
Latham & Watkins LLP advised IKB Deutsche Industriebank AG (IKB) and its management board on its sale to Crédit Agricole. Crédit Agricole is acquiring 100% of IKB’s share capital from Lone Star Funds.
The team was led by Frankfurt Financial Regulatory Partner Markus Krüger, with Associates Adrian Pandza, Marie-Claire Mollenkopf and Lasse Winzer.
Hengeler Mueller advised Lone Star Funds on the transaction.
The team for Lone Star comprised Partners Johannes Adolff and Andreas Hoger, both leading the Corporate/M&A team, Senior Associates Moritz Weidemann and Maximilian Kunzelmann, and Associates Maximilian Appel, Lukas König, Julia Tietz and Talitha von Loeper.
