An interdisciplinary team at CMS in Vienna, led by partner Clemens Grossmayer, successfully advised Erste Asset Management GmbH (EAM) on the acquisition of Impact Asset Management GmbH (I-AM). The acquisition is subject to approval by the relevant authorities, with the transaction expected to be closed in 2024. The parties have agreed not to disclose the details of the transaction.
"We are pleased that we have been able to support EAM in this exciting and complex project, and that our interdisciplinary team of experts has contributed to the successful conclusion of the contract," said Clemens Grossmayer, partner at CMS and member of the Corporate Transactions Team in Vienna.
I-AM is a Vienna-based asset manager with assets under management of approximately EUR 4.3 billion, including EUR 643 million in microfinance funds (as of August 2024). It is particularly known for its strong focus on sustainable and impact-oriented investment strategies. The acquisition of I-AM strengthens EAM's ESG capabilities, enabling it to offer an even wider range of sustainable investment solutions.
The CMS team provided comprehensive legal advice on the transaction, including merger control and the qualifying holdings procedure before the Austrian Financial Market Authority (FMA). Led by partner Clemens Grossmayer, the team included attorney Marie-Christine Lidl (both Corporate/M&A), as well as partner Dieter Zandler (Competition), partner Walter Gapp (Capital Markets) and partner Gabriela Staber (Intellectual Property). The seller side was advised by Schönherr under the lead of Christian Herbst and Maximilian Lang.
About Erste Asset Management GmbH
Erste Asset Management GmbH is an international asset manager with a strong position in Central and Eastern Europe. It offers clients a broad range of high-quality investment funds and asset management solutions, attaching particular importance to the sustainability of its products and services. Erste Asset Management GmbH is backed by the financial strength of Erste Group Bank AG.
