Deutsche Börse has made a €5.3bn offer for Allfunds, the fund platform backed by private equity investors such as Hellman & Friedman, in what marks a push into the asset-servicing sector, according to a report by the Financial Times.
Allfunds currently has a market capitalisation of €4.9bn. Euronext previously tried to buy the company in 2023 for €5.5bn, before abandoning the bid. Deutsche Borse is offering €8.80 per share, a roughly 8% premium on its closing share price on Thursday.
Under the terms of the offer, Deutsche Börse said Allfunds’s shareholders would receive dividends of up to €0.20 per share for the 2026 financial year, along with quarterly payments of €0.10 per share throughout 2027.
