Baker McKenzie advised MainFirst Holding AG (MainFirst Holding) on the sale of its wholly-owned subsidiaries MainFirst Bank AG, MainFirst Schweiz AG and MainFirst Securities US Inc. to Stifel Nicolaus Europe Limited. The parties agreed not to disclose the purchase price.
With this sale of the Equity Brokerage unit, MainFirst Holding concentrates on its core business, asset management. Under the umbrella of Haron Holding AG, the Group's asset managers manage over 10 billion euros with offices in Luxembourg, Frankfurt, Zurich, Paris and Milan.
Baker McKenzie advised MainFirst Holding on all legal aspects of the transaction, in particular on complex tax, banking supervision and corporate law issues.
"This is the first major banking M&A transaction in which we advised MainFirst Holding. In the past, we have repeatedly been able to successfully assist our long-standing client with M&A, tax and regulatory projects", comments Corporate Partner Dr. Christoph Wolf.
Baker McKenzie's Corporate/M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised Syngroh Capital on its investment in KMLS, B.C. Jindal Group on takeover of the Treofan Group, Gerresheimer on the acquisition of Sensile Medical, Ufenau Capital Partners on the acquisition of the Kruppert Group, the Nison Group on the acquisition of the majority stake of the SieMatic Group, financial investors First State Investments and Hermes Investment Management on the acquisition of the shipping company Scandlines, Mundipharma on the sale of its Limburg production, Rexnord on the acquisition of the CENTA Group and LKQ Corporation on the acquisition of the Stahlgruber Group.
Legal advisor to MainFirst Holding AG: Baker McKenzie
Dr. Christoph Wolf (partner Corporate/M&A, Frankfurt), Dr. Stephan G. Behnes, Dr. Christian Port (both partners Tax, Frankfurt)
Corporate/M&A: Dr. Rebecka Ringnalda (associate, Frankfurt), Gordon Low (partner, London), Phelim O'Doherty (associate, London), Petra Hanselmann (partner, Zurich)
Tax: Dr. Dr. Norbert Mueckl, (partner, Munich), Eva Jürgens (associate, Frankfurt), Alistair Craig (partner, London)
IT: Dr. Michaela Nebel (partner, Frankfurt)
IP: Dr. Michael Fammler (partner, Frankfurt), Dr. Markus Hecht (associate, Frankfurt)
Employment: Dr. Hagen Koeckeritz (partner, Frankfurt)