DLA Piper advises XTP shareholders on alliance with Wilshire

DLA Piper has advised the shareholders of XTP AG (XTP) on an alliance with Wilshire Advisors LLC (Wilshire). The main objective of the partnership is to enhance cost transparency for global asset owners. The partnership was formed through an acquisition of XTP by Wilshire with simultaneous reinvestment in Wilshire by former XTP shareholders. As a result, XTP will continue to operate independently under its existing leadership team and brand. The parties have agreed not to disclose financial terms of the transaction.

Wilshire, headquartered in the US, is a global financial services firm that partners with approximately 500 leading institutional investors and financial intermediaries.

XTP specializes in cost transparency analysis and has been serving public and private investors for 20 years, such as pension funds, insurance companies, sovereign wealth funds, investment consultants, endowments and foundations, and family offices. The company helps them to reduce investment-related costs and risks and improve governance by having analyzed more than USD3 trillion in assets across 10,000 portfolios. The company identifies optimization potential along the entire investment value chain, creates complete cost transparency and optimizes costs without changing the existing investment configuration.

The DLA Piper team on this transaction was led by partner Andreas Füchsel with senior associate Philipp Meyer Reichen in the core team. The team further comprised counsel Tatiana Marzoli (all Private Equity/M&A, Frankfurt), Annika Heinz (Employment, Munich) and associate Damian Merks (Private Equity/M&A, Frankfurt).