CMS advises Warburg Bank on the sale of Marcard, Stein & Co to Rothschild & Co

Hamburg – CMS has provided legal advice to M.M.Warburg & CO on the sale of its subsidiary Marcard, Stein & Co to Rothschild & Co. This transaction continues Warburg Bank's strategic reorientation and effort to divest itself of the Hamburg-based family office, which holds a full banking licence. Warburg Bank is streamlining and withdrawing from areas associated with high regulatory, technical or capital-market requirements so that it can focus more on its core business areas of private and corporate banking in future.

The long-established name Marcard, Stein & Co will continue to operate under the new owner. The transaction is still subject to regulatory approval. The acquisition of Marcard, Stein & Co expands Rothschild & Co's existing portfolio and creates further synergies.

A CMS team led by Hilke Herchen advised Warburg on this transaction. Managing the transaction in-house at Warburg was Bettina Joos, deputy head of the legal department and head of the management board's office.

Marcard, Stein & Co is one of the leading multi-family offices in the German-speaking world and has a corporate history stretching back more than 230 years.

Press Contact
presse@cms-hs.com