DWS Sells Majority Stake in Investment Platform to BlackFin (1)

Deutsche Bank AG’s asset management arm DWS Group is selling a 70% stake in its digital investment platform IKS to French private equity firm BlackFin Capital Partners.

The deal is expected to close in the second half of 2022 and will see the business transferred to a joint venture, according to a statement from the firm Tuesday. DWS, which didn’t give a price for the transaction, will retain a 30% stake in the venture.

“With BlackFin, we have found the right partner to help us unlocking the full potential of our digital investment platform IKS,” Dirk Goergen, head of ...