Dentons has advised Landesbank Berlin Holding AG and HASPA Finanzholding on antitrust law matters in connection with the planned combination of S-Servicepartner GmbH and NRS Norddeutsche Retail-Service GmbH, under the umbrella of a newly set-up joint venture. S-Servicepartner GmbH and NRS Norddeutsche Retail-Service GmbH provide back-office services to credit institutions. After completing the combination, the new S-Servicepartner-Group will have 2,500 employees and €220 million in revenue.

S-Service Partner GmbH was founded in 1994 as stand-alone company comprising the outsourced back-office service providers of the Berliner Bank and Landesbank Berlin. NRS Norddeutsche Retail-Service GmbH is principally located in Northern Germany and is majority-owned by HASPA Finanzholding. With the approval of the Federal Cartel Office, the combined entity emerges as a key back-office service provider for credit institutions with significant involvement of two of the largest institutes of the Sparkassen-Finanzgruppe.

The Dentons team advised on all questions of antitrust and merger control law and was led by Partner Joerg Karenfort with the support of Counsel Josef Hainz as well as Associates Norman Hoelzel and Jan Scharfenberg. The Federal Cartel Office attributed significant importance to this transaction due to the increased consolidation of back-office service providers within the Sparkassen-Finanzgruppe.

Dentons was recommended by Landesbank Berlin Holding AG, to which Partner Joerg Karenfort and his team provided legal assistance in a number of past transactions.

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