Drew & Napier, Freshfields and TSMP Law Corporation are providing legal support on Allianz Global Investors’ SGD555 million (USD433 million) acquisition of UOB Asset Management (UOBAM).
Freshfields said the acquisition would give Allianz Global Investors greater access to high-growth markets including Thailand, Malaysia and Vietnam, while expanding its presence in Singapore, Taiwan and Indonesia. The deal is also expected to increase the assets it manages for clients in the Asia-Pacific region to more than EUR170 billion (USD196 billion).
Drew & Napier, led by deputy CEO Ong Sim Ho, acted as strategy and tax counsel to UOB Group. The firm said the transaction included a long-term distribution partnership between UOB Group and Allianz Global Investors.
Freshfields represented Allianz Global Investors through a multi-jurisdictional team comprising partners David Schwintowski and Simon Weller, counsel Daniel Boyle, senior associates James Parkin, Shavonne Oh and Allen Yan, and associates Kevin Fan and Gordon Choi.
Singapore-based TSMP Law Corporation was part of the global team led by Freshfields, advising Allianz Global Investors. The firm’s team included partners June Ho, Mark Jacobsen and Ian Lim, associate director Chow Jian Hui, senior associates Kashib Shareef Ahmad, Markus Low and Stasia Ong, and trainee solicitor Ye Dam Kim.
Freshfields said UOBAM operated across eight key Asian markets – Singapore, Brunei, Thailand, Malaysia, Indonesia, Taiwan, Japan and Vietnam. The global law firm said the company had EUR28 billion in assets under management.
