02.09.2020 | Deal Notifications, Press releases

KPMG Law advises Die Sparkasse Bremen AG on the sale of Freie Internationale Sparkasse to Schütz Family Office

KPMG Law Rechtsanwaltsgesellschaft mbH provided comprehensive legal advice to Die Sparkasse Bremen AG on the sale of all shares in Freie Internationale Sparkasse S.A. to Schütz Family Office.

Originally founded by Sparkasse Bremen as a Luxembourg branch, Freie Internationale Sparkasse (FIS) operates as an independent credit institution and primarily serves customers in the institutional sector. In addition, the private bank offers mutual funds as well as asset management products.

The buyer is the Austrian entrepreneur and founder of the pan-European asset manager C-QUADRAT Investment Group, Alexander Schütz. Schütz, who is a member of the Supervisory Board of Deutsche Bank AG, acquires 100 percent of the shares in FIS through his family office and thus enters the private banking and wealth management business areas.

KPMG Law, under the leadership of KPMG Law partner Boris Schilmar and senior manager Sebastian Stöhr, provided comprehensive advice on the transaction structuring as well as the drafting and negotiation of the agreements and corporate law documents underlying the transaction. KPMG Law worked closely with experts from KPMG AG Wirtschaftsprüfungsgesellschaft’s Financial Services Deal Advisory and M&A Tax departments, who provided tax and business advice. The contact to the client was established via Marc Oliver Poggel and David Vogeler from the Financial Services Deal Advisory department. Luxembourg law firm Wildgen assisted KPMG Law with all aspects of Luxembourg law.

Thomas Fürst, member of the Board of Management of Sparkasse Bremen, commented: “Freie Internationale Sparkasse S.A. is very successfully established in the Luxembourg market. As part of our focus on our core business at the Bremen location, we decided to sell our private bank. We are pleased to have found in Alexander Schütz a partner with a great deal of expertise in asset management and are confident that our customers will continue to be able to carry out their banking transactions in the usual quality”.

Consultant Die Sparkasse Bremen AG

KPMGLaw Rechtsanwaltsgesellschaft mbH: Dr. Dr. Boris Schilmar (Lead Partner, Corporate/M&A, Head of International Business, Düsseldorf), Dr. Andreas Wieland (Partner, Legal Financial Services, Frankfurt am Main), Sebastian Stöhr, LL.M. (Senior Manager, Corporate/M&A, Düsseldorf), Maik Ringel (Senior Manager, Legal Financial Services, Leipzig), Xiao Zhang (Manager, Legal Financial Services, Frankfurt am Main), Dr. Anna Melikov (Manager, Corporate/M&A, Düsseldorf), Moritz Graf Stenbock-Fermor (Senior Associate, Corporate/ M&A, Düsseldorf)

KPMG AG Wirtschaftsprüfungsgesellschaft: Marcus Aberl (Partner, M&A Tax), Thomas Blatnik (Senior Manager, M&A Tax, both Munich), Marc Oliver Poggel (Partner, Financial Services Deal Advisory, Essen), David Vogeler (Senior Manager, Financial Services Deal Advisory, Frankfurt am Main), David Bartenbach (Manager, Financial Services Deal Advisory, Frankfurt am Main), Benedikt Kolling (Manager, Financial Services Deal Advisory, Frankfurt am Main), Lukas Wenner (Assistant Manager, Financial Services Deal Advisory, Frankfurt am Main)

Wildgen S.A. (Luxembourg): Mevlüde-Aysun Tokbag (Partner, Corporate/M&A), Garry Reuland (Corporate/M&A, Associate)

Inhouse: Wolfgang Taden (authorized signatory, Director of Overall Bank Management), Daniel Schröder (authorized signatory, Head of Finance)

Consultant Alexander Schütz

Inhouse: Dr. Markus Schachner (future CEO), Mag. Markus A. Ullmer (future Chairman of the Supervisory Board), Mag. Michael Radner (General Counsel Schütz Family Office), Martin Schindler, MSc (Investment Manager Schütz Family Office)

PwC Legal Austria (Vienna): Dr. Lukas Röper, LL.M. (Lead), Mag. Irene Eckart B.A. (Regulatory) with external support from WP, StB, AbgzSV, GenRev, Mag. Markus Kern (Financial Advisory)

Loyens & Loeff (Luxembourg): Michael Schweiger (lead), Adrien Pierre, LL.M. (Banking & Finance), Charles Cahoua (Banking & Finance)

Pinsent Masons (Frankfurt): Dr. Markus J. Friedl, LL.M. (Transactional Services)


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