Hengeler Mueller advises BNY Mellon on acquisition of BHF Asset Servicing

10. March 2010

On 8 March 2010, the Bank of New York Mellon announced that it has agreed to acquire BHF Asset Servicing GmbH (BAS) from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR 253 m, subject to regulatory approvals. This transaction will include the purchase of BHF Asset Servicing's wholly-owned fund administration affiliate, Frankfurter Service Kapitalanlage-Gesellschaft mbH (FSK). BAS is a credit institution providing depotbanking and custody services; FSK is an investment management company and also provides fund administration services.

Hengeler Mueller has advised BNY Mellon on this transaction. The Hengeler Mueller team included partners Thomas Paul (Banking/Regulatory), Peter Weyland, Carsten van de Sande (both Corporate/M&A), Christian Hoefs (Labour), Martin Klein (Tax) (all Frankfurt), Alf-Henrik Bischke (Competition, Brussels) as well as associates Hendrik Bockenheimer, Antje Hagena, Andreas Hoger, Christoph Mehringer, Matthias Scheifele (all Frankfurt) and Stephan Rudolph (Brussels).