Frankfurt/Main -LAWFUEL – Europe Law & Business News – Allen & Overy LLP is advising Barclays Global Investors Ltd. on its acquisition of INDEXCHANGE Investment AG from HypoVereinsbank AG, valued at EUR240 million. The transaction is expected to close within three months, following regulatory approval.
INDEXCHANGE is Germany’s leading provider of exchange traded funds (“ETF”) with assets under management of EUR15.2 billion. INDEXCHANGE will be combined with iShares, Barclays Global Investors’ ETF business to create the leading provider for ETFs in Europe.
The Allen & Overy team is being led by M&A partner Dr Hartmut Krause together with IT/IP partner Dr. Mark Hoenike, employment partner Dr Anja Breitfeld and competition partner Dr Ellen Braun. They are assisted by Frank Bierwirth, Sebastian Käpplinger (both Investment Law), Dr Volker Balda, Alexander Wüpper, Myriam Schilling, Dr Marcus Grühn (all M&A), Martin Illmer, Joachim Lehnhardt (both IP/IT), Dr Christian Vaupel (Employment), Dr Martin Bünning, Tobias Ackert and Dr Katja Mingau (all Tax).
Commenting, Hartmut Krause said: “This is a highly complex transaction because it includes the re-organisation of almost all outsourcing relationships, which must be compliant with the applicable standards of investment and banking supervisory law. We are delighted that Barclays relies on our expertise to get this acquisition completed. This demonstrates once again the strength of our FIG practice.”
For further information please contact Dr. Hartmut Krause, partner, ([email protected]) on +49 (0)69 2648 5782 or Steffen Müller ([email protected]) on +49 (0)69 2648 5479 in Germany or Sarah Fitzpatrick ([email protected]) on +44 (0)20 7330 2395 in the UK.
with equivalent standing and qualifications