DWS Group (DWS) and BlackFin Capital Partners (BlackFin) have agreed on a long-term strategic partnership to jointly evolve the digital investment platform into a platform eco system that provides comprehensive digital investment solutions and services to distribution partners, institutional investors and retail clients. The aim is to adapt the digital investment platform even better to the opportunities offered by the platform market, which in future will undergo a rapid pace of change as a result of new technologies. In addition, both partners have agreed to transfer the digital investment platform into a joint venture with DWS maintaining a stake of 30 percent.
“Our aspiration is to deliver a best-in-class client experience and service. Digital capabilitiesDirk Goergen, member of the Executive Board of DWS Group and, as Head of Client Coverage Division, responsible for sales management and the global sales strategy
and solutions are key for this – therefore we firmly believe in the great growth potential of
the platform business. With BlackFin, we have found the right partner to help us unlocking the full potential of our digital investment platform IKS. Our joint mission is to create a true pan-European player and we look forward to working with our new partners and making IKS a strong sales channel for DWS in the long term,”
“We share the vision of DWS to provide best in class solutions for its clients. To do this
BlackFin will lean on our demonstrated history of successfully leveraging technological,
operational and regulatory expertise to seamlessly execute complex carve-outs in order to
create efficient stand-alone champions. For over two decades, we have played a key role in
the transformation of the European financial services industry with an established track
record of building and growing digital investment platforms while improving client
Additionally, our deep relationships within the financial services sector acrossLaurent Bouyoux, President and Founding Partner of BlackFin Capital Partners
Europe have consistently delivered growth via international expansion. In partnering with
DWS, BlackFin has cemented our commitment to the DACH region and our position as the
reference private equity partner for major European financial institutions. We are thrilled to
embark on this journey with such a storied organization.”
The digital investment platform IKS is the leading provider of fund platform services in Germany enabling seamless connectivity between investors, distributors and fund providers. In Europe, it ranks among the top ten. IKS covers all relevant distribution channels from B2B through B2B2C to B2C and has deep long-standing customer relationships. Its diversified business model, including the digital solutions capabilities, is a key strength. With its strong ETF and unit linked offerings, IKS is particularly well positioned to capitalize on these growth areas.
The parties agreed to maintain confidentiality on the price of the transaction and further financial details. The transaction is still subject to the approval of the relevant authorities. Closing of the transaction is expected for the second half of 2022.