Advent to acquire FNZ Bank, a leading independent wealth management banking and infrastructure provider in Germany

Munich and London, 4 August 2026 - Advent, a leading global private equity investor, today announced that, together with a consortium, including HarbourVest Partners ("HarbourVest"), it has agreed to acquire FNZ Bank from FNZ. Following completion, the investors plan to support FNZ Bank through its next phase of growth, with long-term investment in technology and operational capabilities and a focus on further enhancing its product and service offering for its partners.

FNZ Bank is a leading independent wealth management banking and infrastructure provider in Germany, focused on banking, custody, transaction execution and regulatory services. It connects more than 50,000 financial advisors, 200 asset managers and over 400 distribution partners, serving more than 2.1 million end-customers, with €155 billion in assets under custody.

Germany's ageing population and widening retirement savings gap are making private retirement provision increasingly important. FNZ Bank provides the critical infrastructure that enables financial advisers and institutions to help households accumulate wealth for the long term. Advent is convinced these structural trends provide a strong foundation for growth and will support FNZ Bank in broadening access to capital market investing across Germany.

FNZ and FNZ Bank intend to continue their long-standing commercial partnership following completion of the transaction, leveraging FNZ's technology capabilities to support the bank's continued growth and client offering in Germany. FNZ will continue to serve the German market as a leading provider of enterprise wealth management platform technology.

Ranjan Sen, Managing Partner at Advent, said: "We are grateful for the trust that Blythe Masters, Group CEO of FNZ, and the wider FNZ team have placed in us as we acquire FNZ Bank in Germany. FNZ Bank is a cornerstone of Germany's wealth management ecosystem, with a leading market position, well positioned to potentially benefit from the structural growth in long-term savings and investing. We look forward to partnering with the FNZ Bank leadership team, and will bring our investment experience in financial services to support the expansion of FNZ Bank's infrastructure platform and its next phase of profitable growth."

Advent has deep experience in wealth management and regulated financial institutions. Current and prior investments include wealth manager Fisher Investments, as well as European banks Aareal Bank, tbi bank and Addiko Bank. Alfred Dersidan, Director at Advent, said: "As a long-term investor in regulated financial institutions across Europe, with more than a decade of experience working closely with the ECB, BaFin and national supervisors, we understand the responsibility that comes with owning a bank. We are committed to being a long-term, reliable owner, helping support FNZ Bank's customers, partners, employees and regulators."

Manuel Loos, CEO at FNZ Bank, said: "FNZ Bank has a strong market position, talented people and long-standing partner relationships. In Advent and the consortium, we have found long-term investors with deep experience in regulated financial services and a strong commitment to Germany. We look forward to continuing to serve our customers and partners with the quality and reliability they expect as we enter the bank's next chapter."

Blythe Masters, Group CEO, FNZ said: "FNZ Bank has built a strong position serving advisers, asset managers and investors in Germany, and we believe the business will continue to thrive under its new ownership. This transaction supports FNZ's sharper focus on its core platform, providing wealth management technology to leading financial institutions. We look forward to continuing our relationship with FNZ Bank following completion, leveraging FNZ's technology capabilities to support innovation and growth in the German market."

The transaction is expected to complete in the second half of 2027, subject to customary regulatory and other approvals.

About Advent

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 17 offices across five continents, Advent oversees more than €82 billion in assets under management* and has made 451 investments across 45 countries.

Since its founding in 1984, Advent has developed specialist market expertise across its five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by Advent's deep sub-sector knowledge, which informs every aspect of its investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. Advent brings hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, Advent's 675 colleagues leverage the full ecosystem of Advent's global resources, including its Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide its portfolio companies as they seek to achieve their strategic goals.

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* Assets under management (AUM) as of March 31, 2026. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

Media Contact

Peter Folland
Head of Communications for Europe, Advent
[email protected]