Grenke's Factoring Division Sold to Teylor with Legal Guidance from Wolf Theiss
Deal News | Apr 17, 2025 | CEE Legal Matters
Grenke, a renowned financing partner for small and medium-sized enterprises (SMEs), has entered an agreement to sell its factoring division to Switzerland-based Teylor, a technology-driven platform for SME financing. The transaction is currently pending regulatory approval in Germany. In the initial phase, Teylor is set to acquire Grenke's factoring operations in several countries including Germany, the UK, Ireland, and Poland, and plans to extend its reach by gaining further presence in Italy and Portugal. Legal advisory services for Grenke were provided by Wolf Theiss, with support from Hengeler Mueller, while Teylor was advised by White & Case. The teams included top legal professionals across various European regions.
Sectors
- Financial Services
- Legal Services
- Technology
Geography
- Germany – Germany is the location where the transaction is pending regulatory approval and is home to significant legal teams involved in the deal.
- Switzerland – Switzerland-based Teylor is the acquiring company in the deal.
- Europe – The transaction affects multiple European countries, including the UK, Ireland, Poland, Italy, and Portugal.
Industry
- Financial Services – The article involves the sale of Grenke's factoring division to Teylor, both of which are engaged in providing financial services to SMEs.
- Legal Services – The involvement of law firms Wolf Theiss, White & Case, and Hengeler Mueller in advising the transaction highlights the legal services industry.
- Technology – Teylor is characterized as a technology-driven platform, emphasizing the role of technology in modern financial services.
Financials
- Not Disclosed – The financial terms of the transaction between Grenke and Teylor have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grenke | Target company | Companies | Grenke is a financing partner for small and medium-sized enterprises looking to sell its factoring division. |
| Teylor | Buyer | Companies | Teylor is a Switzerland-based technology-driven platform for SME financing, acquiring Grenke's factoring business. |
| Wolf Theiss | Legal advisor for Grenke | Companies | An international law firm advising Grenke on the sale of its factoring division. |
| Hengeler Mueller | Supporting Legal advisor for Grenke | Companies | A law firm supporting Wolf Theiss in advising Grenke. |
| White & Case | Legal advisor for Teylor | Companies | A global law firm providing legal advice to Teylor for this transaction. |
| Maciej Olszewski | Partner at Wolf Theiss | People | Part of the Wolf Theiss team advising Grenke. |
| Adrian Krzyzanowski | Counsel at Wolf Theiss | People | Part of the Wolf Theiss team advising Grenke. |