Motive Partners buys majority in Lucht Probst Associates

Motive stated it will support LPA and its founders in accelerating the company's growth, including product development, international expansion and strategic hiring. LPA's founders, Stefan Lucht and Roland Probst, and the management team will continue with the company. The founders will also remain shareholders and managing directors of LPA. Peter Schurau, an industry partner at Motive, will join LPA's management team to implement the growth plan.

Motive launched a couple of years ago with headquarters in New York and London, with the intention to focus on investments in the fintech industry. Press reports at the time indicated that the new firm was looking to raise in excess of $150m for its strategy.

Company
Headquartered in Frankfurt and founded in 1999, LPA provides financial technology products with a focus on capital market and wealth management players. LPA offers different pieces of software to optimise processes and bolster regulatory compliance.

LPA now employs 200 people across four cities, and is looking to accelerate its international expansion, in particular to the UK and US.

People
Motive Partners – Rob Heyvaert (managing partner); Peter Schurau (industry partner).

Advisers
Equity – EY (financial due diligence); Proskauer Rose (legal); Skye Partners (legal).

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