NAKIKI SE Announces Takeover of Legal Finance SE and Strategic Changes

Nakiki SE has officially announced the acquisition of all shares in Legal Finance SE, a notable move that did not involve the issuance of new shares. The transaction is valued at €14 million, aligning with the fair valuation of Legal Finance SE. This acquisition marks a significant expansion for Nakiki SE into the litigation financing sector, with Legal Finance SE known for financing legal proceedings and claims through its international subsidiaries. As of June 30, 2023, Legal Finance SE reported total assets amounting to €5.3 million.

In a strategic shift following the takeover, Nakiki SE plans to change its corporate name to Legal Finance Holding SE. This rebranding reflects the company's new focus and strategic direction following the acquisition. Additionally, changes are forthcoming in the company's leadership, particularly within its Supervisory Board. The newly appointed members, Adrian Fuhrmeister, Edgars Cellers, and Thomas Schröter, replace the interim members who guided the company through the last stages of insolvency proceedings.

The company expressed its gratitude towards the outgoing members of the Supervisory Board for their service during a critical transition period. Nakiki SE, soon to be Legal Finance Holding SE, also hinted at further organizational changes, including the short-term appointment of an additional Management Board member, with Hendric Groth continuing his role through the transition phase.