Dentons has represented Generali on its acquisition of a 100% stake in Polish asset management company Union Investment TFI S.A. from Union Asset Management Holding AG. Weil, Gotshal & Manges advised the sellers on the transaction, which remains subject to approvals by regulatory and antitrust authorities in Poland and abroad.
Generali has been operating in Poland since 1998 and now has 1,300 employees in the country. It provides property and casualty insurance to retail and corporate clients as well as life insurance products, and it is also active in the pension fund segment.
Union Investment TFI, which Dentons describes as "the sixth largest asset management company in Poland," and which Weil describes as "the largest independent asset management company operating on the Polish market," has assets under management of EUR 3.3 billion. It has approximately 135,000 retail investors and 550 institutional investors.
Dentons' team included Partner Jakub Celinski, supported by Counsels Michał Wasiak and Radoslaw Goral and Senior Associate Natalia Lawniczak-Kozioł. Advising on the merger control aspects were, among others, Partner Agnieszka Stefanowicz-Baranska and Counsel Anna Gulinska.
The Weil team was led by Partner Lukasz Gasinski and Senior Associate Jakub Zagrajek, assisted by Associates Krzysztof Jagiello and Kamil Adamski. UAMH's internal team consisted of Sebastian Tusch and Jochen Riechwald.