Osborne Clarke advises VR Ventures on the sale of Penta

Osborne Clarke advised VR Ventures, as shareholder of Penta, on its acquisition by Qonto. Qonto is the market leader in France for digital financial management for small and medium-sized enterprises (SMEs), self-employed and freelancers and is active across Europe; Penta is the market leader in this segment in Germany. 

The transaction is expected to close in the coming weeks. This will create a leading European company with approximately 300,000 corporate clients and 900 employees.

Penta promises to provide products and services that simplify and make more convenient the finances of SMEs, self-employed and freelancers - from daily banking, invoicing and expense management to accounting and hedging entrepreneurial risks. 

The team advising VR Ventures was led by Maximilian Vocke (Corporate / M&A) under the partner responsibility of Robin Eyben and consisted of Joanna Chudzinski, Robert Marx (both Corporate / M&A) and Dr Jens Wrede (Tax).