Octium Group to acquire Credit Suisse Life & Pension AG
On July 13, 2021, Octium Group entered into an agreement to acquire Credit Suisse Life & Pensions AG, a Credit Suisse subsidiary that focuses primarily on German and Italian insurance clients with offices in Vaduz and Milan. The transaction, which is subject to regulatory approvals and the satisfaction of other closing conditions, will see Octium Group strengthening its European footprint.
Octium Group is a cross border insurance group specializing in the design, structuring and distribution of unit-linked life insurance products. Octium Group has approximately EUR 4.5 billion in assets under management and operates in global markets with its unique offering of insurance products for wealth and succession planning.
Lenz & Staehelin advises Octium Group in this transaction. The team is led by partner Andreas Rötheli (co-head Corporate and M&A) and includes associates Federico Trabaldo-Togna and Ralph Kaufmann (both Corporate and M&A), Sarah Bechaalany (Banking and Finance), counsel Sara Rousselle-Ruffieux and associate Bertrand Donzé (both Employment).