CMS has acted for Conservatrix Groep S.à.r.l. on the sale of N.V. Nederlandse Uitvaart Verzekering Maatschappij (Nuvema) to Lifetri Group. Nuvema is a funeral insurance company with approximately 185.000 policy holders in the Netherlands. Following closing, the name of Nuvema will be changed into Lifetri Uitvaartverzekeringen (Lifetri). Financial details of the transaction have not been disclosed.
Lifetri is owned by TPG, an asset management firm with approximately $84 billion of assets under management. Freshfields Bruckhaus Deringer acted for TPG, DLA assisted management of Nuvema.
The CMS team that acted for Conservatrix Groep S.à.r.l. consisted of Reinout Slot, Clair Wermers, Dex Destombes, Dolf Segaar, Simon Sanders, Erik Vorst, Bob van Zijl, Elisabeth von Meijenfeldt, Leonard Böhmer, Marc van Zanten, Tjeerd Hoekstra and Arnout Scholten.