DLA Piper advises Société Générale on acquisition of Shine, a leading neobank for entrepreneurs

DLA Piper has advised Société Générale on the acquisition of Shine, a leading fintech and neobank for professionals.

With this transaction Société Générale's retail bank in France has complete its offer for professional’s and small companies’ customers, aiming to become the leader in a fast-growing sector through a package based on a leading digital offer and a range of expertise via its network of agencies and professional spaces.

This transaction enables Shine to pursue its independent development with strengthened resources, and to be distributed by Societe Generale in addition to its existing offer.

The DLA Piper corporate team was led by partner Sonia de Kondserovsky and associate Marie-Charlotte Le Floch-Mevel.

Senior associate Laurent Asquin and associates Marie-Charlotte Le Floch-Mevel, Ornella Bianchi and Benjamin Benzakine advised on the transactional M&A aspects.

Legal director Cécile Szymanski and associate Yasmine Djerrari advised on company law aspects.

Partner Raphaël Béra and associate Louis-Augustin Jourdan advised on Tax law aspects.

Société Générale was also advised by DLA Piper teams including partner Philippe Danesi for employment law, partner Denise Lebeau-Marianna for data protection law, partner Jonathan Rofé for Intellectual Property and Technology and partner Fabrice Armand (associé) for banking and finance law.