Hengeler Mueller | View firm profile
As of 1 January 2020 FIL Fondsbank (FFB), part of
Fidelity group, will take over the retail business of Metzler Fund Exchange.
The transaction, which is subject to customary regulatory conditions, comprises
50,000 customer accounts with assets of around EUR 2bn, most of which are
managed by independent financial advisers and portfolio managers. FFB is one of
the largest German fund platforms, administering in total around 600,000 accounts
with assets of EUR 21.7 bn.
Hengeler Mueller advises Fidelity on the transaction. The
team includes partners Christian Schmies (Asset Management), Peter Weyland
(Corporate/M&A), Christian Hoefs (Employment) (all Frankfurt) and
Alf-Henrik Bischke (Antitrust, Düsseldorf) as well as associates Julia Weidner
(Asset Management), Arvid Morawe (Corporate/M&A) (both Frankfurt) and
Christian Dankerl (Antitrust, Düsseldorf).
Inhouse, Fidelity is represented on the transaction by
Andrea van Almsick (Head of Legal, Germany) and Matthias Schirmer (Senior Legal