Irwin Mitchell Advises HANetf On Deal

Law firm Irwin Mitchell has advised HANetf, Europe’s first independent full services third-party provider of UCITS Exchange Traded Funds (ETFs), on its seed funding round.

The business will provide a turnkey solution for the growing number of US and Asian ETF issuers and traditional asset managers seeking to enter Europe’s ETF market. It provides an innovative platform offering services including product development, compliance, operations, capital markets, sales, marketing and distribution.

The funding support from HANetf’s new shareholders will enable the company to aggressively grow its business across platform development, staff, client acquisition and marketing.

Hector McNeil, Founder and Co-CEO of HANetf said: “Our goal is to become a new force in ETF innovation in Europe by helping clients enter the space efficiently and without having to commit to running full-scale ETF businesses, thus significantly lowering barriers to entry.”

Nik Bienkowski, Founder and Co-CEO of HANetf added: “Since creating the concept, we have made significant progress toward setting up our platform to be open for business and this round of funding will help us rapidly scale the business and onboard clients.”

National law firm, Irwin Mitchell, provided legal advice on the funding round whilst FinRes provided corporate finance support.

Corporate partner, James Paton-Philip, led the Irwin Mitchell team which included Eleanor Claridge and Jeff Carvell.

Expert Opinion

"We are very pleased to have advised HANetf in what is an exciting and fast growing market in which, in Europe, assets held in ETFs and other exchange traded products were up 34% in the first 10 months of the year, to $800bn (according to a recent report in the Financial Times)." James Paton-Philip - Partner