Overview of the transaction
On 14-Dec-23, ABN AMRO announced the acquisition of BUX for an undisclosed amount.
BUX is a leading European neobroker enabling its users to trade in European and US stocks and ETFs.
ABN AMRO is one of the largest banks in Europe with activities in Personal & Business Banking, Wealth Management, and Corporate Banking.
The addition of BUX will enable ABN AMRO to strengthen its footprint in the retail investment space and substantially enhance its digital offerings, contributing to ABN AMRO’s pan-European growth ambitions.
Overview of Bux
BUX was founded in 2013 and is one of Europe’s fastest-growing neobrokers, offering a new generation of investors access to the financial markets at low costs via its intuitive and user-friendly platform.
The company enables its 500,000 clients to invest in fractional EU and US stocks and ETFs, create automated investment plans, do thematic investing in curated, themed lists of stocks and ETFs, and earn interest on their cash balances.
BUX is currently live in 8 European markets, namely Netherlands, Germany, Spain, Austria, France, Italy, Ireland and Belgium.
Royal Park Partner's Role
Royal Park Partners acted as exclusive strategic and financial advisor to BUX.
Our firm has maintained a long-term advisory relationship with BUX, beginning in 2019, including advising BUX on its Series C funding round in 2021 with Prosus and Tencent.
This transaction highlights Royal Park Partners’ unrivalled experience in the wealth management and capital markets space and track record of securing significant value creation events for our fintech clients and their investors.
CEO and Co-founder of Bux
"Royal Park Partners have been long-term adviser to us and have been instrumental in successfully completing our Series C funding round in April 2021 as well as our recent sale to ABN AMRO.
The RPP team thoroughly understood our business model and supported us in preparing high-quality investor materials and analyses, while their vast network enabled us to get in front of right investors. The team helped us in navigating complex negotiations, allowing us to optimise the outcomes for all our stakeholders.
RPP’s open and collaborative working style, responsiveness, and fast execution is what sets this firm apart.
I highly recommend RPP as a dedicated and results-driven advisor to any technology company looking to partner with a corporate finance advisor."
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