Hogan Lovells advises Hannover Rück in relation to the sale of Cinven's stake in Viridium Group to a consortium led by Allianz as well as on the participation in such consortium

The consortium, which includes Allianz, BlackRock and the Japanese insurer T&D, will acquire the majority stake in Viridium Group; the consortium is structured to enable the addition of other long-term financial investors. Generali will also remain invested in the Viridium Group. The transaction value amounts to approximately EUR 3.5 billion.¹ 

Viridium Group is a leading German run-off platform for life insurances with 3.4 million policies and EUR 67 billion Euro assets under management (as per year-end 2023). Hannover Rück SE is a listed reinsurance company and one of the world’s leading reinsurers.

Hogan Lovells team for Hannover Rück SE

Dr. Mesut Korkmaz (Partner, Dusseldorf), Dr. Philipp Strümpell (Counsel, Munich), Luca Zarmutek (Associate, Dusseldorf/ Frankfurt) (all Corporate/ M&A);

Dr. Christoph Küppers (Partner, Dusseldorf), Dr. Coco Mercedes Tremurici (Associate, Berlin) (both Insurance);

Alexander Koch (Partner), Emmanuel Lamaud (Counsel) (both Corporate/ Finance, Luxembourg);

Pierre Reuter (Partner, Regulatory, Luxembourg).

Hannover Rück SE Inhouse

Christiane Willner (General Manager, Head of Coordination International Operations);

Jens Naumann (Chief Consultant, Coordination International Operations);

Thomas Fiedler (Managing Director, Head of Group Legal Services);

Rainer Filitz (Senior Legal Counsel, Group Legal Services).

¹Headline price, including equity and debt financing.