The transaction is expected to be completed in the second half of 2027, subject to customary regulatory and other approvals. The financial terms of the transaction were not disclosed.

The divestment fits with FNZ's strategy of concentrating on its core wealth management technology business and serving large financial institutions at scale, the group said.

FNZ said the deal supports its long-term growth ambitions; it reinforces its stance as a technology platform provider for wealth businesses globally, including in Germany where FNZ Bank remains a major client.

Once the deal is completed, FNZ and FNZ Bank intend to continue their partnership, FNZ said. The business said it will continue to partner with wealth management institutions across continental Europe, including Germany, Switzerland and the Nordics.

"FNZ Bank has built a strong position serving advisors, asset managers and investors in Germany, and we know the business will continue to thrive under its new ownership,” Blythe Masters, group CEO of FNZ, said.

“This transaction supports FNZ's sharper focus on its core platform, providing wealth management technology to leading financial institutions,” he added. “We look forward to continuing our relationship with FNZ Bank following completion, leveraging FNZ's technology capabilities to support innovation and growth in the German market."

Barclays Bank acted as sole financial advisor to FNZ via its investment bank. FNZ was advised by A&O Shearman as its legal advisor.

FNZ has more than $2.5 trillion in assets on platform. 

In November 2025, FNZ said it secured $650 million in new equity funding from its institutional shareholders. 

There has been controversy, however. In late July 2025, reports said that FNZ was being sued for $4.6 billion by some employee shareholders, who claimed that their shares were unfairly diluted through issuance of preference shares and warrants. Kiwi CayLP, representing FNZ's class B shareholders, alleged that a share issuance unfairly shifted $1.5 billion in value to institutional investors. Kiwi CayLP warned that the employee shareholders' equity could be wiped out if FNZ were to be valued below $8.3 billion in a sale or IPO. The firm, originally founded in New Zealand in 2003, and now headquartered in London, rejected the claims as being without merit.