Hannoversche Volksbank and Volksbank Düsseldorf Neuss are participating in the fintech company neoshare.
neoshare, a market-leading SaaS platform for large-scale project and real estate financing, has secured the participation of Hannoversche Volksbank eG and Volksbank Düsseldorf Neuss eG. The Munich-based company, founded in 2019, has been dedicated to the goal of digitizing the entire administration and implementation of commercial financing through an innovative end-to-end solution. Both Volksbanks collectively hold a 10 percent stake in neoshare AG.
The Background
The neoshare AG is a market leader in the digitization of large-scale project and real estate financing, positioning itself as a pioneer in the digital transformation of the B2B financing landscape. The company provides an end-to-end solution with its SaaS platform, “neoshare”, which digitizes and streamlines both the administration and implementation of financing, replacing disparate solutions. Additionally, neoshare’s team offers technology-supported structuring advice through its Debt Advisory services as needed.
The Deal
Jürgen Wache, Chairman of the Board of Hannoversche Volksbank, stated, “Through this investment, we reaffirm our ongoing commitment to innovation in the German financial landscape. As one of the major Volksbanks, we contribute our extensive expertise to collaborate with neoshare in making a significant contribution to the digital transformation of commercial real estate financing, which is highly significant for the Cooperative Financial Group. Through this investment, we reaffirm our ongoing commitment to innovation in the German financial landscape. As one of the major Volksbanks, we contribute our extensive expertise to collaborate with neoshare in making a significant contribution to the digital transformation of commercial real estate financing, which is highly significant for the Cooperative Financial Group.”
Rainer Mellis, Chairman of the Board of Volksbank Düsseldorf Neuss eG, expressed, “neoshare is revolutionizing commercial real estate financing. With its platform solution and data-driven advisory services, neoshare addresses the growing needs of professional real estate companies, project developers, and banks. With Genopace, we have already successfully digitally transformed private property financing, enabling profitable additional business for Volks- and Raiffeisenbanks. We aim to replicate this success story with neoshare in the significantly more lucrative field of commercial real estate financing, which is crucial for us as cooperative banks. Therefore, neoshare is a key partner for our core business as Volks- and Raiffeisenbanks.”
Nico Singer, CEO of neoshare and stakeholder, stated, “The participation of the Volksbanks is not only a financial investment but primarily a strategic partnership that firmly anchors neoshare within the Cooperative Financial Group and strengthens it as a driving force in the digital evolution of commercial real estate financing. neoshare enables banks and real estate companies, as well as the partners and customers of the Volksbanks, to achieve unprecedented efficiency and an entirely new form of collaboration. In addition to the platform solution, neoshare provides comprehensive additional business for Volks- and Raiffeisenbanks through our Debt Advisory Team, which is currently negotiating over 800 million EUR in structuring for our real estate clients with capital providers.”
Stefan Heilmann, Managing Director of IEG - Investment Banking Group, added, “neoshare holds a unique position in the market, arising from the intelligent integration of a digital platform with structured Debt Advisory. This distinct focus is further strengthened through the partnership with the two participating Volksbanks. We take pride in our active involvement in this significant milestone as IEG and firmly believe that this partnership will have long-term positive impacts on the businesses of both neoshare and the Volksbanks.”
IEG - Investment Banking Group acted as the exclusive advisor for neoshare AG and its shareholders.
The Partners
Hannoversche Volksbank eG, with a total asset of 8.4 billion euros, stands as one of the powerful and large cooperative banks in Germany. Active for over 160 years in the Hannover, Hildesheim, and Celle regions, the bank takes pride in its cooperative tradition. Hannoversche Volksbank eG is owned by more than 126,000 members. With approximately 1,000 employees, the bank serves over 240,000 customers. It sees itself as a supporter and guiding companion for the private, freelance, and commercial medium-sized businesses.
Volksbank Düsseldorf Neuss eG is a regional cooperative bank located in the financial hub of Düsseldorf, boasting a total asset of two billion euros. The bank operates across 32 locations and has a workforce of 300 employees, serving the areas of Düsseldorf, Ratingen, and the Rhein-Kreis Neuss.
IEG – Investment Banking Group is a leading, global technology investment banking boutiques focused on Mergers & Acquisitions, Financings and Principal Investments. Locally present in the key international growth regions and emerging markets, IEG – Investment Banking Group is a unique, influential, and entrepreneurial partner for growth companies and larger international corporates. Founded in 1999, IEG has completed 205 successful transactions with approximately 50 technology investment bankers around the globe.
For further information about IEG – Investment Banking Group, please refer to www.ieg-banking.com.
The Perspective
For real estate companies and project developers, utilizing neoshare results in significant efficiency gains and enhanced security in the implementation of financing projects, arising from the digitization of core processes and Debt Advisory support.
For financial institutions, neoshare increases business potential, facilitates risk diversification, and optimizes a substantial portion of operational processes through digitization and partial automation, both internally and in collaboration with external partners and customers.