Summit invests in German trading platform 360T

The transaction represents a partial divestment for existing shareholder Brockhaus Private Equity, which had previously invested €5-25m in the company. Summit Partners now holds a majority stake.

The deal is still subject to regulatory approval by the German Federal Financial Supervisory Authority and the German Cartel Office.

Company
Frankfurt-based 360T is an online B2B trading technology platform focusing on OTC financial instruments, such as FX, short-term money market loans and deposits, and interest rate derivates.

The company also provides white label trading technology for internal electronic trading. It is regulated by the German Federal Financial Supervisory Authority.

360T Group was founded by Carlo Koelzer and Mathew Kuppe in 2000.

People
Carlo Koelzer is CEO and shareholder of 360T Group.

Advisers
Equity – Weil Gotshal & Manges (Legal); Torch Partners Corporate Finance (Corporate finance).
Company – Hengeler Mueller (Legal); Lincoln International (Corporate finance). 

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• Topics
• Expansion
• DACH
• Financials
• Germany
• Summit Partners