Frankfurt am Main – Metzler Pension Management GmbH has acquired all the shares in Nürnberger Pensionsfonds AG from Nürnberger Lebensversicherung AG. The transaction is subject to the usual regulatory conditions, including completion of the holder control procedure by the German Federal Financial Supervisory Authority (BaFin). Nürnberger Pensionsfonds AG’s portfolio management, which has to date been conducted within the group, will be outsourced to an external portfolio manager once the transaction has completed.
A CMS team headed by partner Dr Hendrik Hirsch advised Metzler Pension Management GmbH, which is part of Metzler Bank, on all legal aspects of the transaction. Metzler Bank is a longstanding CMS client and relies on the team’s expertise on a regular basis.
Metzler Pension Management GmbH offers a wide range of services and financing vehicles for occupational pension schemes, with a focus on capital market-based solutions for structuring pension assets.
NÜRNBERGER Pensionsfonds AG (NPF) covers one of the five implementation methods for occupational retirement provision in Germany. NPF’s products provide employers with various options for removing pension obligations from the balance sheet. Assets under NPF management amounted to around EUR 290 million as at the end of 2023. The portfolio comprises more than 700 companies with some 3,600 individual pension accounts.
CMS Germany
Dr Hendrik Hirsch, Lead Partner
Dr Maximilian Stark, Senior Associate
Dr Petra Schaffner, Partner, all Corporate/M&A
Dr Andreas Hofelich, Partner
Dr Mario Brungs, Counsel, both Labor, Employment & Pensions
Dr Winfried Schnepp, Partner
Dr Thomas Maur, Partner
Dr Eva Margareta Wolff, Principal Counsel
Dr Aline Icha-Spratte, Counsel
Katharina Kipar, Senior Associate, all Insurance
Dr Annett Kenk, Principal Counsel
Steffen Preis, Senior Associate, both Tax
Theresa Lenger, Senior Associate, TMC
Stefan Lehr, Partner
Kirsten Baubkus-Gérard, Senior Associate, both Antitrust, Competition & Trade
Press Contact
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