Hengeler Mueller advises Singular Bank on the acquisition of UBS' Spanish private banking business

Spanish Singular Bank has entered into an agreement with German UBS Europe SE on the acquisition of its private banking business in Spain and the establishment of a strategic cooperation. The transaction will create the largest independent private banking entity in the Spanish market with assets under management of close to EUR 20 billion.

Hengeler Mueller advised Singular Bank on the transaction together with Spanish law firm Garrigues. The Hengeler Mueller team included partners Lucina Berger (Corporate/M&A) and Dirk Bliesener (Financial Regulatory), counsel Jan L. Steffen (Financial Regulatory) as well as associate Marika Öry (Corporate/M&A) (all Frankfurt).