Finance
German Deutsche Boerse to pay about $6.25 billion for fund platform Allfunds
Published by Global Banking and Finance Review
Posted on January 21, 2026
2 min readLast updated: January 21, 2026
Quick Summary
Deutsche Boerse has reached a deal to acquire Allfunds for 5.3 billion euros, valuing each share at 8.8 euros. This strategic acquisition marks a significant move in the finance sector.
Deutsche Boerse Acquires Allfunds for €5.35 Billion to Expand Offerings
Deutsche Boerse's Strategic Acquisition of Allfunds
By Kanjyik Ghosh
Details of the Acquisition Offer
Jan 21 (Reuters) - German stock exchange operator Deutsche Boerse said on Wednesday it would buy Amsterdam-listed fund trading platform Allfunds for 5.35 billion euros ($6.25 billion) to strengthen its foothold in Europe's investment fund ecosystem.
Market Reactions and Valuation
The German firm offered 6 euros in cash plus 0.0122 Deutsche Boerse shares for every Allfunds share, it said, adding that the Amsterdam-listed firm's shareholders would also receive a dividend of 0.20 euro.
Future Expectations and Synergies
Allfunds shares closed at 7.96 euros, ending the trading day at a valuation of about 4.79 billion euros, according to LSEG data. Deutsche Boerse had a valuation of 39.41 billion euros as of Wednesday, according to LSEG data.
The deal values each Allfunds share at 8.8 euros, a premium of 32.5% from the closing price on November 26. The two firms entered exclusive talks for an acquisition the next day, sending shares up over 22%.
The German exchange operator said it expected annual run-rate pre-tax cost synergies of approximately 60 million euros along with annual run-rate cash savings on capex of approximately 30 million euros. The company expects to deliver about 50% of the total synergies by the end of 2028, it added.
U.S. technology investor Hellman & Friedman and French bank BNP Paribas are the largest shareholders in the Anglo-Spanish firm that went public in 2021.
Deutsche Boerse said it expected the deal to close in the first half of 2027.
In recent years, the Swiss stock exchange SIX and the French exchange Euronext had expressed interest in acquiring Allfunds. However, Euronext withdrew its takeover bid of approximately 5.5 billion euros almost two years ago.
($1 = 0.8556 euros)
(Reporting by Kanjyik Ghosh in Barcelona; Editing by Nick Zieminski and Lisa Shumaker)
Key Takeaways
- •Deutsche Boerse acquires Allfunds for 5.3 billion euros.
- •The deal values each Allfunds share at 8.8 euros.
- •This acquisition is a strategic move for Deutsche Boerse.
- •The transaction highlights significant market activity.
- •The acquisition is reported by Kanjyik Ghosh.
Frequently Asked Questions about German Deutsche Boerse to pay about $6.25 billion for fund platform Allfunds
1What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
2What is a valuation?
Valuation is the process of determining the current worth of an asset or a company, often based on various financial metrics and market conditions.
3What is a share price?
Share price is the current price at which a single share of a company's stock can be bought or sold in the market.
