A&O Shearman Advises DBR on Buyout of Credit Suisse Pension Obligations from UBS

A&O Shearman represented Deutsche BetriebsRenten Holding (DBR) in a transaction with UBS, advising DBR on the buyout of pension obligations arising from two German Credit Suisse companies that were transferred by UBS to DBR. Under the transaction, UBS transferred the pension obligations of the two German Credit Suisse entities to DBR by way of a pension buyout. The objective of the buyout is the long-term protection and professional management of the assumed obligations outside the company. The transaction is among the larger pension buyouts in the German market to date and highlights the increasing importance of comprehensive de-risking solutions for corporate pension schemes. A&O Shearman represented client Deutsche BetriebsRenten Holding (DBR) with a team composed by: partners Dr. Jan Schröder (Partner, Corporate/M&A, Düsseldorf) and Peter Wehner (Partner, Pensions, Frankfurt); counsel Juliane Dieckmann-Keden (Counsel, Corporate/M&A, Hamburg); senior associates Dr. Sven Gunkel (Senior Associate, Pensions, Frankfurt) and Dr. Saber Baratzadeh (Senior Associate, Corporate/M&A, Düsseldorf); associates Dr. Jan Henrich (Associate, Pensions, Frankfurt) and Robin Petschenka (Associate, Corporate/M&A, Düsseldorf); and additional advice from partner Martin Scharnke (Partner, Capital Markets, Frankfurt) and senior associate Faria Fagirzai (Senior Associate, Capital Markets, Frankfurt).

A&O Shearman Advises DBR on Buyout of Credit Suisse Pension Obligations from UBS

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