Wolf Theiss, working as local counsel for CEE to Cleary Gottlieb Steen & Hamilton, has advised Amundi on its acquisition of Pioneer Investments from Unicredit for an all-cash consideration of EUR 3.545 billion. UniCredit was advised by Gianni, Origoni, Grippo, Cappelli & Partners.
Wolf Theiss describes Amundi as "the leading European asset manager, with over EUR 1,000 billion of assets under management worldwide," and reports that "Amundi has become a leading European player in asset management, recognized for product performance and transparency, quality of client relationships based on a long-term advisory approach, efficiency in its organization and teams’ promise to serving its clients."
Pioneer Investments has a presence in 28 countries worldwide and a team of 2,000 employees, including more than 350 investment professionals.
Wolf Theiss advised on regulatory compliance and legal due diligence of the Pioneer Investment businesses in Bulgaria, Hungary, Romania, and the Slovak Republic.
The Wolf Theiss team was led by Partners Richard Clegg (Bulgaria), Ileana Glodeanu (Romania), Lubos Frolkovic (Slovak Republic), and Senior Associate Melinda Pelikan (Hungary).
Editor's Note: After this article was published, Baker & McKenzie announced that its Czech office had advised Amundi on due diligence of Czech Pioneer entities and on subsequent regulatory filings with the Czech National Bank. The firm's team was led by Prague-based Partner Libor Basl, supported by Prague-based Associate David Reiterman.