CMS advises Edenred on strategic partnership with Belonio

Munich – Edenred Deutschland GmbH has partnered with Belonio GmbH, a digital platform for employee benefits in small and medium-sized enterprises, as a minority shareholder and strategic partner for sales and development. This will enable Edenred to expand the range of products available to its customers by adding a digital benefit management platform. Going forward, Edenred’s product solutions will be available on Belonio’s extensive platform.

A CMS team headed by Richard Mitterhuber and Astrid Roesener advised Edenred on all legal aspects of the deal.

Edenred is a leading digital service and payment platform. The company offers specific-purpose payment solutions for food, mobility, incentives and corporate payments. It connects over 50 million users and 2 million partner merchants in 46 countries via more than 850,000 corporate clients. Edenred Deutschland brings together more than 37,000 corporate customers with around 63,000 partner merchants across Germany. With a total of some 10,000 employees, the group generated sales of almost EUR 30 billion in 2020. Edenred is listed on the Euronext stock exchange in Paris and is included in the CAC Next 20, FTSE4Good and MSCI Europe indices.

Münster-based Belonio GmbH describes itself as the leading benefit management platform for SMEs in Germany. Established in 2015, the company’s customers now include around 650 employers with more than 100,000 employees. Using Belonio’s cloud-based platform, companies can distribute fringe benefits to employees easily and without additional costs.

CMS Germany

Richard Mitterhuber, Lead Partner, Munich
Dr Astrid Roesener, Lead Counsel, Munich
Lukas Stegemann, Senior Associate, Munich, all Corporate/M&A
Dr Claudia Rid, Partner, Munich, Labor, Employment & Pensions
Andrea München, Partner, Frankfurt/Main
Barbara Bayer, Senior Associate, Frankfurt/Main, both Banking & Finance
Dr Markus Kaulartz, Counsel, Munich
Dr René Sandor, Senior Associate, Munich, both TMC
Peter Endres, Partner, Munich
Martin Maurer, Senior Associate, Munich, both Commercial
Dr Björn Herbers, Partner, Brussels, Competition & EU

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