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Hengeler Mueller advises Generali on sale of a majority stake in Generali Leben in Germany | Hengeler Mueller News

Hengeler Mueller advises Generali on sale of a majority stake in Generali Leben in Germany

Generali, one of the largest insurance groups in Europe, has decided to sell 89.9 per cent of its shares in Generali Leben to Viridium Gruppe. The total evaluation for 100% of Generali Leben is up to EUR 1 bn. Viridium, a holding company owned by the international London-based private equity firm Cinven and the global German reinsurer Hannover Re, is a leading specialist for the management of life insurance portfolios in Germany.

The transaction is still subject to the approval by the German Federal Financial Supervisory Authority (BaFin) and the competent antitrust authorities.

Hengeler Mueller advised Generali on the transaction. The Hengeler Mueller team was led by partner Daniel Wilm (Insurance Supervisory Law) and included partners Christian Möller, Wolfgang Meyer-Sparenberg (both Corporate/M&A), Vera Jungkind (Data Protection) (all Düsseldorf), Martin Klein (Tax), Hendrik Bockenheimer (Labour) and Stefan Krauss (Capital Markets) (all Frankfurt), counsel Martin Peters (Capital Markets, Frankfurt) and Patrick H. Wilkening (IP/IT, Düsseldorf) as well as associates Carl-Philipp Eberlein (Insurance Supervisory Law), Thomas Lang, Loretta Lang (all Frankfurt), Johannes Fütterer, Jesco Lindner, Marc Zuber (all Düsseldorf) (all Corporate/M&A), Norman Koschmieder (Data Protection Law, Düsseldorf), Marius Marx, Sebastian Heinrichs (both Tax, Frankfurt), Benedikt Migdal and Maximilian Wosgien (both IP/IT, Düsseldorf).

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