Frankfurt am Main – Mayer Brown has advised Hauck & Aufhäuser Privatbankiers AG on the acquisition of Bankhaus Lampe KG from the Oetker Group. The closing of the transaction is subject to the approval of the regulatory authorities.
The merger of the two traditional banks will create one of the leading German private banks with 1,400 employees and include assets under management of approximately €35 billion, assets under administration of approximately €135 billion and total assets of around €10 billion. The combined company will have a strong market position in the four core business areas of private banking, asset management, asset servicing and investment banking.
Hauck & Aufhäuser Privatbankiers AG is a private bank based in Frankfurt am Main, founded in 1796. The bank focuses on the comprehensive consulting and asset management for private and corporate clients, asset management for institutional investors, comprehensive fund services for financial and real assets in Germany, Luxembourg and Ireland, and cooperation with independent asset managers. In addition, the bank offers research, sales and trading activities, specializing in small and mid-cap enterprises in German-speaking countries, as well as individual services for IPOs and capital increases.
Bankhaus Lampe is one of the leading independent private banks in Germany with a group business volume of €3.1 billion and assets under management of €19.1 billion. The bank's range of services encompasses the two corporate divisions of asset management and private & corporate customer business as well as capital markets and corporate finance. Its customers include wealthy private investors, medium-sized and capital market-oriented companies and institutional investors.
In addition to providing complex transactional corporate law advice, Mayer Brown also advised on the tax and regulatory aspects of the transaction. Mayer Brown's global platform significantly added value as a multi-jurisdictional team from Frankfurt, Düsseldorf, Brussels, London and Washington advised on this intricate deal.
The Mayer Brown team was led by Frankfurt-based Corporate & Securities partners Dr. Marco Wilhelm and Dr. Ulrike Binder and included: Corporate & Securities — partner Carsten Flaßhoff (Düsseldorf), counsel Dr. Malte Richter and senior associate Dr. Frank Kafka (both Frankfurt); Banking & Securities — partner Dr. Martin Heuber (Frankfurt), counsels Kirsten Schürmann (Frankfurt) and Neil Macleod (London), senior associates Marcel Hörauf (Frankfurt) and Emma Khoo (London) and associate Ann-Kathrin Balster (Frankfurt); Tax Transactions & Consulting — partner Volker Junge and counsel Susan Günther (both Frankfurt); Litigation & Dispute Resolution — partners Dr. Jan Kraayvanger (Frankfurt) and Chris Chapman (London); Antitrust & Competition — partner David Harrison (London) and associate Philipp Studt-Tartarotti (Brussels), FSRE — partner Marlon Paz and associates Colleen Couture and Kyle Swan (all Washington DC); Employment & Benefits — senior associate Marco Maurer and associate Hasine Azim (both Frankfurt); and Real Estate — associate Benjamin Schulz (Frankfurt).