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DLA Piper Advises Renaissance Insurance on Sale of Pension Fund to Sberbank

DLA Piper Advises Renaissance Insurance on Sale of Pension Fund to Sberbank

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DLA Piper has advised the Renaissance Insurance Group on the sale of its 100% stake in Renaissance Pensions to the non-state pension fund of Russia’s Sberbank. Herbert Smith Freehills reportedly advised the buyer.

Renaissance Pensions is a private pension fund that serves around 200 corporate customers, over 42,000 clients, and manages RUB 24.5 billion in assets. According to DLA Piper, the fund will remain a separate legal entity for at least a year following the transaction.

DLA Piper’s team consisted of Moscow-based Partner Steffen Kaufmann, Senior Associate Azamat Abdulmenov, and Associate Roman Abu Salekh, as well as Vienna-based Partner Christoph Mager and Senior Associate Ekaterina Larens.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.