Strategic transaction in the fund industry

Arendt advised the global asset management firm, GAM Investments, on the sale of its third-party fund management services business in Switzerland and Luxembourg to the Carne Group, one of Europe’s leading providers of third-party fund management services. 

15/03/2024

#LUXEMBOURG #LAW #ASSETMANAGEMENT #FUNDMANAGEMENT #GOVERNANCE #REGULATION #FUNDS #REGULATORY #INVESTMENT #WEALTHMANAGEMENT

 

We advised the global asset management firm, GAM Investments, on the sale of its third-party fund management services business in Switzerland and Luxembourg to the Carne Group, one of Europe’s leading providers of third-party fund management services. The transaction completed in February 2024.

Our team has notably assisted in all Luxembourg strategic, contractual, corporate, regulatory, transactional and employment law matters regarding the transfer of the third-party fund management services.

It is a strategically important transaction involving two large players providing regulation and governance solutions in the fund industry. It was also subject to regulatory approvals in Luxembourg and Switzerland.

The deal is an important step in the implementation of GAM’s updated strategy enabling them to focus on growing their core active investment strategies, diversifying into new investment products, and building their wealth management offering and strategic partnerships.

 

Press release: GAM'S FUND MANAGEMENT SERVICES TRANSFERRED TO CARNE GROUP

 

Arendt experts involved:

> Corporate Law, Mergers & Acquisitions: Bob Calmes (Partner), Caroline Halembert (Counsel), Yannick Baer (Associate)

> Investment Management: Claude Niedner (Partner), Alessandro Turcato (Associate) 

Employment Law, Pensions & Benefits: Philippe Schmit (Partner)

> Tax Law: Alain Goebel (Partner)

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