17 Dec 2025

PXR Advises Project A on EUR 1.2 Billion Secondary Transaction in Trade Republic

"PXR advised funds managed by Project A on a EUR 1.2 billion secondary transaction relating to Trade Republic. The deal provided a tailored liquidity solution for selected investors, rebalanced Trade Republic's shareholder structure and strengthened its long-term investor base. PXR handled all material legal aspects of the transaction."

PXR advised funds managed by Project A on a EUR 1.2 billion secondary transaction relating to Trade Republic. The transaction represented a further evolution of Trade Republic’s shareholder structure and provided a tailored liquidity solution for selected investors while strengthening the company’s long-term investor base. It underscores the growing role of structured secondary transactions in the European private markets as a means to support the continued growth of leading technology companies. PXR advised on all material legal aspects of the transaction. PXR advised funds managed by Project A with a team composed by: Dr. Peter Möllmann (team lead), Dr. Cornelius Karcher (team lead), Michelle Karrer, Chris Cerny and Carmen Hübner.
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