Autobank AG (DB:AW2) agreed to acquire majority stake in Adesion Factoring GmbH for €150 million on July 15, 2013. Alexander Dreher, Founder and Managing Director of Adesion Factoring, will continue to lead Adesion Factoring as an independent unit within Autobank. The transaction is expected to close on January 1, 2014. Nörenberg Schröder Rechtsanwälte acted as financial advisor in the deal. Team Corporate Finance Consult GmbH acted as financial advisor for Autobank AG.

Autobank AG (DB:AW21) completed the acquisition of adesion Factoring GmbH on January 1, 2014.