Prime Highlight
- Deutsche Börse has submitted a proposal to acquire Allfunds, aiming to strengthen its position in the rapidly growing digital fund-distribution market.
- The deal highlights the rising demand for technology-driven investment platforms and Deutsche Börse’s strategy to broaden its global reach.
Key Facts
- The proposed offer values Allfunds at €5.29 billion, providing shareholders €4.30 in cash and €4.30 in Deutsche Börse shares, plus potential dividends through 2027.
- Following the announcement, Allfunds’ shares rose 21% in Amsterdam trading, reflecting positive market sentiment toward the acquisition news.
Background
Deutsche Börse is in talks to acquire Allfunds, one of Europe’s largest fund-distribution technology firms, in a potential deal valued at about $6 billion. The German stock-exchange operator said it has submitted a nonbinding proposal, signalling a strong push to expand its position in the fast-growing digital fund-distribution market.
Under the proposal, Deutsche Börse aims to acquire Allfunds for €8.80 per share, giving the company an implied equity value of €5.29 billion. Deutsche Börse offers each Allfunds shareholder €4.30 in cash and €4.30 in new Deutsche Börse shares. This plan shows that Deutsche Börse wants to grow its role in the investment world by adding Allfunds’ global platform, which links asset managers with distributors.
The deal also includes incentives designed to attract shareholders. Allfunds investors would be entitled to receive a permitted dividend of €0.20 per share for the current financial year. Additional cash payouts of up to €0.20 in 2026 and €0.10 in 2027 have also been outlined. Following the announcement, Allfunds’ shares, which are listed in Amsterdam, rose 21% in afternoon trading.
Despite the strong market reaction, Deutsche Börse cautioned that the proposal remains under discussion and there is no certainty that an agreement will be reached. The company said it will provide further updates when appropriate, indicating that negotiations and due diligence processes are still in early stages.
If completed, the acquisition would be one of Europe’s most significant financial infrastructure deals in recent years. The deal could change how investment products are distributed by joining Deutsche Börse’s global reach with Allfunds’ wide fund-distribution network.
The proposal highlights the growing competition among financial institutions to expand their digital investment platforms as investor demand for accessible, technology-driven products continues to rise.