Private equity firm Motive Partners, which provides growth capital to financial technology companies, acquired a controlling stake in Frankfurt-based Lucht Probst Associates GmbH.
The target company, which also has offices in Leipzig, Germany; Madrid; Barcelona; and Singapore, provides financial technology solutions to capital markets and wealth management clients.
Lucht Probst founders Stefan Lucht and Roland Probst will remain shareholders and managing directors at the company, and the management team will remain intact.
Peter Schurau, an industry partner at Motive Partners, will join Lucht Probst's management team to help with the growth initiatives.
Ernst & Young LLP, Proskauer Rose LLP and Skye Partners advised Motive Partners in the deal. Ludwig & Co. and Watson Farley & Williams were Lucht Probst's legal advisers.
