Transaction Details

September 26, 2018
Frankfurt

Sector

Financial Technology and Services

Deal Type

M&A

Deal Team

Tobias Schultheiss, Martin Rezaie, Sabrina Ramge

GCA Altium advises HQ Trust on the EUR 33m financing round for LIQID by Tosca Private Investments Fund

LIQID, one of the largest and fastest-growing digital wealth managers in Europe, today announced a EUR 33m "Series C" financing round led by Toscafund Asset Management LLP, the London-based multi-asset alternative investment management firm with over USD 4bn of assets under management. GCA Altium acted as financial advisor to LIQID’s shareholder HQ Trust, the Harald Quandt family's multi-family office. This transaction underpins GCA Altium's transaction expertise in the FinTech space.

Established in 2016, LIQID is one of the first robo advisor platforms in Germany providing access to digital professional wealth management and advisory services for affluent private investors from EUR 100,000. The company provides a digital alternative to traditional private banks, offering discretionary wealth management and access to alternative investment opportunities in partnership with HQ Trust. In less than two years, LIQID has attracted close to EUR 300m in client assets.

Following the transaction, Toscafund will become a significant shareholder in the Berlin-based disrupter. The transaction ranks among the most substantial funding rounds in the country's dynamic FinTech space.

LIQID has announced that it will use the raised capital to spur business growth, including through internationalization, as well as to launch additional marketing efforts and professionalize its operational structures.

The transaction is subject to regulatory approval and further details of the transaction have not been disclosed.

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