Freshfields has advised Cinven on the sale of Viridium Group to a consortium comprising Allianz, BlackRock, T&D Holdings, Hannover RE, and Generali.
The transaction remains contingent on regulatory approval.
Cinven is an international private equity firm with offices in London, New York, Frankfurt, Paris, Milan, Madrid, Guernsey, and Luxembourg.
According to Freshfields, Viridium Group is a life insurance consolidator, managing EUR 67 billion of assets, 3.4 million policies, and employing about 900 professionals. Established initially as Heidelberger Leben in 2014 by the Cinven Funds, Viridium Group has since transformed under Cinven’s support – implementing an improved asset management strategy.
The Freshfields team included Vienna-based Counsel Lukas Pomaroli as well as further team members in Berlin, Frankfurt, Duesseldorf, Hamburg, Munich, Singapore, and London.
Freshfields did not respond to our inquiry on the matter.
