Credit Suisse agrees to sell part of its traditional asset management business to Aberdeen Asset Management in return for 24.9% interest
Credit Suisse has agreed to sell part of its Global Investors traditional asset management business to UK's Aberdeen Asset Management in return for up to 24.9% of the enlarged share capital of Aberdeen. The stake is valued at approximately GBP 250 million. The transaction is subject to certain conditions, including regulatory approvals in various jurisdictions and approval by Aberdeen's shareholders.
Freshfields Bruckhaus Deringer acted as lead counsel and Lenz & Staehelin as Swiss counsel to Credit Suisse. Lenz & Staehelin's team was headed by Rudolf Tschäni and included Hans-Jakob Diem, Patrick Schleiffer, Tino Gaberthüel, Luca Bozzo and Roman Bruhin.