20 Oct 2025

"Freshfields Advises Vienna Insurance Group on €1.382bn Takeover of NÜRNBERGER Beteiligungs-AG"

"Global law firm Freshfields has advised Vienna Insurance Group (VIG) on a business combination agreement with NÜRNBERGER Beteiligungs-AG, which includes a voluntary public takeover offer for up to 100% of NÜRNBERGER's shares at €120.00 per share, valuing the company at €1.382 billion. Major shareholders representing approximately 64.4% of NÜRNBERGER's capital have committed to tender their shares. Freshfields provided comprehensive legal support throughout the transaction, led by partners from its Corporate/M&A and Regulatory teams."

**Law Firms Involved in the Transaction:** Global law firm Freshfields advised Vienna Insurance Group AG (VIG) in its business combination agreement with NÜRNBERGER Beteiligungs-AG. **Transaction Overview:** VIG has announced its intention to launch a voluntary public takeover offer for up to 100% of the share capital of NÜRNBERGER at a price of €120.00 per share in cash, valuing NÜRNBERGER at an equity value of €1.382 billion. Several major shareholders of NÜRNBERGER have already committed to tender shares representing approximately 64.4% of the company’s share capital into the offer. **Lawyers Involved:** The Freshfields team was led by: - Wessel Heukamp (Partner, Corporate/M&A, Regulatory, Munich) - Sabrina Kulenkamp (Partner, Corporate/M&A, Frankfurt) Additional team members included: - **Partners:** - David Beutel (Tax, Munich) - Ulrich Sittard (Employment Law, Düsseldorf/Munich) - Thomas Granetzny (Employment Law, Düsseldorf) - Alexander Glos (Regulatory, Frankfurt) - Philipp Dohnke (Commercial/IP, Hamburg) - Christoph Werkmeister (Data Protection, Düsseldorf) - Gerrit Beckhaus (Real Estate, Hamburg) - **Counsel:** - David Schwintowski (Corporate/M&A, Regulatory, Singapore) - Alicia Hildner (Regulatory, Frankfurt) - Lukas Pomaroli (Compliance, Vienna) - Uwe Salaschek (Antitrust, Berlin) - **Principal Associates:** - Nils Pelzer (Corporate/M&A, Silicon Valley) - Velina Ziegler (Corporate/M&A, Frankfurt) - Theresa Kreft (Corporate/M&A, Regulatory, Munich) - Aljosha Barath (Commercial/IP, Hamburg) - Philipp Carstens (Tax, Munich) - **Associates:** - Lisa-Marie Woschniak (Corporate/M&A, Munich) - Anett Scholz (Corporate/M&A, Munich) - Giulia Zöller (Corporate/M&A, Munich) - Nicolas Ormanns (Corporate/M&A, Munich) - Jonas Regener (Corporate/M&A, Munich) - Thimo Brand (Corporate/M&A, Munich) - Jannes Drechsler (Corporate/M&A, Frankfurt) - Julia Kilp (Employment Law, Munich) - Tobias Kalb (Employment Law, Munich) - Lena Minkenberg (Commercial/IP, Düsseldorf) - Maximilian Meisgeier (Regulatory, Brussels/Berlin) - Florian Nicolas Schröder (Real Estate, Hamburg) - Annabelle Hamelin (Data Protection, Berlin) - Julia Sommer (Compliance, Vienna) - Matthias Wahls (Antitrust, Munich) **In-house Team at VIG:** - Claudia Ungar-Huber (Head of Subsidiaries & Transaction Management) - Viktoria Jevtic (Head of Team Legal M&A) - Marija Blagojevic (Transaction Manager)
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