Viridium Group Successfully Launches €850 Million Subordinated Bond Following Acquisition

"The Viridium Group has successfully launched an €850 million subordinated bond on the international capital markets, following its acquisition by a consortium of investors including T&D Holdings and Allianz. The bond, issued by the group's new parent company in Luxembourg, matures in 2035 and aims to enhance the issuer's Tier 2 capital. Proceeds will be used for general corporate purposes, including refinancing a bridge facility related to the acquisition. Viridium is a prominent life insurance consolidator in Germany."

**Law Firms Involved in the Transaction:** Hengeler Mueller advised the banks involved in the transaction, specifically assisting the consortium of investors that includes T&D Holdings, Allianz, BlackRock, Generali Financial Holdings, Santander Insurance, and PG3. **Transaction Overview:** The Viridium Group has successfully entered the international capital markets with the issuance of an €850 million subordinated bond. This issuance is closely tied to the recent acquisition of the Viridium Group by a consortium of investors. The bond, which is set to mature in 2035, was issued under German law and is listed on the Euro MTF market of the Luxembourg Stock Exchange. The proceeds from this bond will be utilized for general corporate purposes, including the refinancing of a bridge facility related to the acquisition. **Legal Team:** The Hengeler Mueller team involved in this transaction included: - Alexander Rang (Partner, Lead, Capital Markets, Frankfurt) - Pascal Brandt (Senior Associate, Capital Markets, Frankfurt) - Konrad Schäfer (Associate, Capital Markets, Frankfurt) - Carl-Philipp Eberlein (Partner, Lead, Insurance/Financial Market Supervision, Düsseldorf)

Viridium Group Successfully Launches €850 Million Subordinated Bond Following Acquisition

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