Fidor Bank Strengthens Its Capital Base – Successful Execution of Capital Increase by JZI Group

Frankfurt, 20 August 2013. On its Annual General Meeting 2013, taking place on 16 August 2013, Fidor Bank AG announced a significant capital increase amounting to EUR 7 million by JZI Group. The Company’s nominal share capital will be increased from EUR 4,482,632.00 to EUR 5,994,511.00.

2013_08_Fidor_JZWith its new investor JZ Erste-Beteiligungs GmbH, Fidor Bank is gaining an additional strong strategic partner able to effectively support the further growth of the Company. JZ Erste-Beteiligungs GmbH, registered in Frankfurt am Main/ Germany is part of the JZI Group, a renowned international Private Equity Investor with several shareholdings in financial services companies in UK, Scandinavia and Spain.

The transaction has been approved by BaFin (Federal Financial Supervisory Authority) and the subscribed capital has been fully paid in. Application for entry in the commercial register has been filed.

Corporate Finance Partners – now ACXIT Capital Partners – acted as adviser to Fidor Bank AG in this transaction.

About Fidor Bank AG

Fidor Bank AG  is an online bank with full banking license in Germany. As a primary bank, Fidor provides a combination of traditional banking, Internet-payment, and innovative web 2.0 banking services. For business clients, the Company provides selected financing services as well as a corporate account customized for e-Commerce needs. Fidor Bank consistently makes use of web 2.0 tools to foster communication and interaction – besides its own community, the Company is present on various social platforms, such as Twitter, YouTube, Facebook and XING. (www.fidor.de)

About JZ International 

JZ International is a private industrial holding company with a focus on investing in small to medium-sized European private companies, active in the service sector. It is the European arm of JZ Advisers Inc, the investment adviser to JZ Capital Partners, a USD 700 million closed fund quoted on the London Stock Exchange.
JZI has over the past decade made more than 30 investments in the European service sector. Current investments in Europe have in excess of EUR 1 billion in revenue and 6,000+ employees. (www.jzieurope.com)

About ACXIT Capital Partners

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.

To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)

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Dr. Ingmar Ackermann, Managing Partner
E-mail: Ackermann@acxit.com