CMS has advised Erste Asset Management on its acquisition of Impact Asset Management. Schoenherr reportedly advised the sellers.
The transaction remains contingent on regulatory approval. The parties have not disclosed further details.
Erste Asset Management is an international asset manager. It offers clients a range of high-quality investment funds and asset management solutions.
Impact Asset Management is a Vienna-based asset manager with assets under management of approximately EUR 4.3 billion, including EUR 643 million in microfinance funds. According to CMS, the acquisition "strengthens Erste Asset Management’s ESG capabilities and enables Erste Asset Management to offer an even more comprehensive range of sustainable investment solutions.”
The CMS included Partners Clemens Grossmayer, Dieter Zandler, Walter Gapp, and Gabriela Staber and Attorney at Law Marie Christine Lidl.
Editor's Note: After this article was published, Schoenherr confirmed its involvement to CEE Legal Matters. The Schoenherr team included Partners Maximilian Lang, Christian Herbst, Volker Weiss, and Marco Thorbauer and Attorneys at Law Zurab Simonishvili, Beatrix Schima, and Anna Visontai-Knor.
