Hengeler Mueller makes available, and gives legal advice to, trustee for the completion of the acquisition by Deutsche Bank of the Sal. Oppenheim Group
19. March 2010
In October 2009, Deutsche Bank AG and the stockholders of Sal. Oppenheim jr. & Cie. S.C.A. entered into a framework agreement on the acquisition of the Sal. Oppenheim Group by Deutsche Bank AG.
Hengeler Mueller made a trustee available for the completion of the transaction. The trustee acted for all parties to the transaction, Deutsche Bank AG as well as the stockholders of Sal. Oppenheim jr. & Cie. S.C.A. Hengeler Mueller gave legal advice to the trustee regarding the performance of his task.
The transaction including the acquisition of all shares in the Luxembourg holding company Sal. Oppenheim jr. & Cie. S.C.A. was finalized on 18 March 2010. The transaction in particular also included the German Sal. Oppenheim subsidiaries Sal. Oppenheim jr. & Cie. KGaA, Cologne, and BHF-BANK AG, Frankfurt a. M., as well as the private equity fund of funds business managed in the separate Luxembourg holding Sal. Oppenheim Private Equity Partners S.A.
The Hengeler Mueller team included the partners Burkhardt Meister as managing director and Daniela Favoccia and Hendrik Haag as shareholders of the trustee company. It further included as advisers to the trustee the partners Daniela Favoccia, Michael Baumgartl, Ernst-Thomas Kraft (taxes), Horst Satzky (anti-trust), Edgar Wallach (regulatory) and the associates Manuel Zandt and Andreas Herr.