Global law firm Freshfields has advised GIC and Khosla Ventures on Trade Republic’s €1.2bn secondary transaction, valuing the company at €12.5bn.

Founded in 2019, Trade Republic is the largest savings platform in Europe and operates in 18 countries. It has built a digital platform providing simple and low-cost access to capital markets. Over 10 million customers currently use the platform, around 70% of whom are first-time investors. Trade Republic has more than doubled its customer base over the past 18 months and reports assets under management of approximately €150bn.

The Freshfields team comprised:

Lead: Partner Lars Meyer (Frankfurt/Berlin), Counsel Laura Frühauf (Berlin) and Principal Associate Jan Struckmann (Frankfurt/Düsseldorf, all Corporate/M&A)

Partners: Janina Heinz (Banking Regulatory, Frankfurt), Ulrich Sittard (Employment Law, Düsseldorf/Munich), Theresa Ehlen, Christoph Werkmeister (both Commercial, IP/IT, Düsseldorf), David Beutel (Tax, Munich)         

Principal Associates: Theresa Kreft (Banking Regulatory, Munich), Julian Boatin (Commercial, IP/IT, Düsseldorf), Fabian Zöpfchen (Employment Law, Frankfurt), Philipp Carstens (Tax, Munich),

Associates: Thimo Brand (Munich), Moritz Trompertz (Berlin, both Corporate/M&A), Verena Kirchmair (Vienna), John-Markus Maddaloni (Düsseldorf, both Commercial, IP/IT), Luca Corigliano (Employment Law, Munich)