LONDON, June 9, 2022 – Proskauer, a leading international law firm, announced that it has advised Motive Partners, a Fintech-focused private equity firm, on its €120 million growth equity investment in Backbase, creator of the category-leading Engagement Banking Platform.
This growth investment values Backbase at €2.5 billion. Engagement Banking allows banks and credit unions to instantly leverage the power of a cloud-based engagement banking platform to create frictionless customer journeys across all the stages of the customer lifecycle.
Proskauer previously advised longstanding client Motive Partners on its investments in Finantix, Global Shares (and subsequent disposal, subject to regulatory approval) and LPA.
This deal adds to the list of Fintech transactions Proskauer has recently undertaken, particularly growth capital deals.
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