18 Dec 2025

Weil Advises TCV on Additional Investment in Trade Republic

"Weil’s Frankfurt office advised TCV (Technology Crossover Ventures) on an additional investment in Trade Republic, valuing the fintech at €12.5 billion. The transaction issued new shares worth approximately €1.2 billion to new and existing investors. TCV, a long-standing investor since 2021, increased its stake in this secondary transaction."

Weil’s Frankfurt office advised TCV (Technology Crossover Ventures) in its additional investment in Trade Republic. The transaction valued Trade Republic at €12.5 billion. New shares issued to new and existing investors in the deal had a value of approximately €1.2 billion. Founded in 2019, Trade Republic has become one of Europe’s leading financial platforms and, on the basis of the valuation in this transaction, is now Germany’s most valuable start‑up. TCV, a leading growth equity investor that has been invested in Trade Republic since 2021, increased its stake as part of this secondary transaction. Weil represented client TCV with a team composed by: partner Christian Tappeiner (Private Equity, Frankfurt); partner Susanne Decker (Private Equity, Frankfurt); counsel Karsten Krumm (Private Equity, Frankfurt); associate Alexander Rothstein (Private Equity, Frankfurt); associate Alexander Reich (Tax, Frankfurt).
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