18 Dec 2025

Freshfields advises GIC and Khosla Ventures on Trade Republic €1.2bn secondary transaction

"Freshfields advised GIC and Khosla Ventures on Trade Republic’s €1.2bn secondary transaction, which values the company at €12.5bn. Trade Republic, founded in 2019, operates in 18 countries, serves over 10 million customers (c.70% first-time investors), has doubled its customer base in 18 months and reports approximately €150bn in assets under management."

Freshfields advised GIC and Khosla Ventures on Trade Republic’s €1.2bn secondary transaction. The transaction comprised a €1.2 billion secondary share sale that values Trade Republic at €12.5 billion. Trade Republic, founded in 2019, is the largest savings platform in Europe and operates in 18 countries. It has built a digital platform providing simple and low-cost access to capital markets and serves over 10 million customers, around 70% of whom are first-time investors. The company has more than doubled its customer base over the past 18 months and reports assets under management of approximately €150 billion. Freshfields represented GIC and Khosla Ventures with a team composed by: Lead: Partner Lars Meyer (Frankfurt/Berlin), Counsel Laura Frühauf (Berlin) and Principal Associate Jan Struckmann (Frankfurt/Düsseldorf, all Corporate/M&A). Partners: Janina Heinz (Banking Regulatory, Frankfurt), Ulrich Sittard (Employment Law, Düsseldorf/Munich), Theresa Ehlen and Christoph Werkmeister (both Commercial, IP/IT, Düsseldorf), David Beutel (Tax, Munich). Principal Associates: Theresa Kreft (Banking Regulatory, Munich), Julian Boatin (Commercial, IP/IT, Düsseldorf), Fabian Zöpfchen (Employment Law, Frankfurt), Philipp Carstens (Tax, Munich). Associates: Thimo Brand and Moritz Trompertz (Munich and Berlin, both Corporate/M&A), Verena Kirchmair (Vienna), John-Markus Maddaloni (Düsseldorf, both Commercial, IP/IT), Luca Corigliano (Employment Law, Munich).
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