CMS advises Metzler Bank on sale of Irish fund management company to Universal-Investment Group
17/12/2020
Frankfurt/Main – The Universal-Investment Group has acquired Irish fund management company Metzler Ireland Limited (MIL), a sister company of B. Metzler seel. Sohn & Co. KGaA. The acquisition is part of the Universal- Investment Group’s international expansion strategy. This transaction marks the group’s entry into the Irish market and commitment to rapid expansion of its platforms.
The divestment will enable Metzler to pursue its strategic transformation and focus on developing its client- related asset management services. The parties agreed not to disclose the purchase price. The transaction is currently awaiting approval from the Irish financial regulator. The deal is expected to close in spring 2021.
A team headed by lead partners Dr Hendrik Hirsch and Dr Tobias Grau advised Metzler Bank on all legal aspects of the transaction. In addition to drafting of the agreement, the advice also included the extensive negotiations. Metzler Bank is a longstanding CMS client and relies on the team’s expertise on a regular basis.
Frankfurt-based Metzler is a family-owned German private bank. Its focus is on capital market services tailored to the specific needs of institutions and private clients in the core business areas of Asset Management, Capital Markets, Corporate Finance and Private Banking. In addition to Frankfurt, the bank operates branches and offices in Munich, Stuttgart, Cologne/Düsseldorf, Hamburg, Atlanta, Los Angeles, Seattle, Tokyo, Beijing and Dublin.
1 | CMS advises Metzler Bank on sale of Irish fund management company to Universal-Investment Group Universal-Investment is based in Frankfurt am Main. According to the company’s own figures, it has assets of around EUR 600 billion under management. Of this amount, some EUR 46 billion is accounted for by retail products and EUR 365 billion by institutional products. Additional Services account for a further EUR 189 billion. Company-provided data indicates that the group employs around 800 people.
CMS Germany
Dr Hendrik Hirsch, Lead Partner Dr Tobias Grau, Lead Partner Maxine Notstain, Associate Militsa Decheva, Associate, all Corporate/M&A
Metzler
Christian Schlögell, General Counsel Dr Donovan Lippe, Head of Asset Management Legal
MASON HAYES & CURRAN LLP
Justin McKenna Cara Cooke
Press Contact [email protected]
Related people 2 | CMS advises Metzler Bank on sale of Irish fund management company to Universal-Investment Group Related people
Dr. Hendrik Hirsch Dr. Tobias Grau Maxine Notstain Partner Partner Associate Frankfurt Stuttgart Frankfurt
Militsa Decheva Petrova Associate Stuttgart
Expertise
Corporate / M&A
3 | CMS advises Metzler Bank on sale of Irish fund management company to Universal-Investment Group