Solarisbank receives 40 million euros

A number of private equity firms have expressed interest in Solarisbank. A sale would also be possible.

According to information from Finance Forward Solarisbank has raised 40 million euros from its existing investors. However, Neobank is still looking for investors. Several private equity firms, including Advent, have also expressed interest. According to Manager Magazin, the investment firm wants to secure a majority stake and thus also considerable co-determination rights in Solarisbank. Advent did not comment on this.

The private equity fund CVC was also initially interested, but then withdrew. Solarisbank's shareholder Finleap could imagine an exit if the purchase price is reasonable, writes Finance Forward, citing financial circles.

Solarisbank had actually targeted an IPO in the third quarter of this year last October(we reported). "We want to be IPO-ready by the middle of the year," CEO Roland Folz told Handelsblatt at the time - whether via Spac or as a classic IPO was still unclear. Due to the current market environment, however, an IPO has become less likely.