Heterometallic Ni/Zn complexes can serve as molecular models for the semihydrogenation of acetylene catalyzed by heterogeneous Ni/Zn phases. Pursuing this target, we present the synthesis of the series [Ni(ZnCp*)n(ZnMe)n(PEt3)4-n] (n = 1-3; 1, 2, 3) which is obtained via E/Zn exchange from [Ni(ECp*)n(PEt3)4-n] (n = 1-3, E = Al, Ga; P1, P2, P3). The isolation of the intermediate compound [Ni(GaCp*)(ZnCp*)(ZnMe)(PEt3)2] (2a) supports the assumption of a stepwise Ga/Zn exchange in the formation of 3. The dissociation behavior of PEt3 in 2 and 3 was investigated experimentally using variable temperature (VT) UV-vis spectroscopy indicating suppressed phosphine dissociation in both cases. For comparison, the absorption spectra of the saturated and unsaturated compounds were calculated using time dependent DFT calculations (TDDFT). Energy decomposition analysis with the natural orbital for chemical valence extension (EDA NOCV) calculations shows a bond strengthening of the Ni-P bond by successive substitution of the phosphines with (ZnR)2 units. The influence of different phosphines (PMe3, PEt3, PPh3, P(OEt)3) on Ni-P bond length and on Zn-Zn interactions in [Ni(ZnR)2n(PR')4-n] (R = Cp*, Me; R' = Me, Et, Ph, OEt) was also studied by DFT calculations. A correlation of increasing sterical demand of the phosphine ligand and a shortening of the Zn-Zn distances is observed.