The financial services group RHJ International S.A. (“RHJI”), listed on the Euronext Brussels, and Deutsche Bank agreed on the acquisition of BHF-Bank AG (“BHF”) by Kleinwort Benson Group Limited, London (“Kleinwort Benson”), a 100% owned subsidiary of RHJI. The transaction is subject to regulatory approvals. RHJI was advised by the international law firm Milbank, Tweed, Hadley & McCloy LLP regarding all corporate, tax, antitrust and finance law aspects of the transaction.
RHJI is a listed stock corporation based in Brussels, Belgium, offering financial services through its subsidiary Kleinwort Benson, particularly in the areas of private banking, investment and wealth management, as well as merchant banking. BHF is a subsidiary of Sal. Oppenheim jr. & Cie.S.C.A., owned by Deutsche Bank since March 2010. Looking back at more than 150 years of history, BHF is one of the longest-standing and leading private banks in Germany, focusing on the advisory of demanding business clients and entrepreneur families.
The RHJI inhousecounsels in charge of the transaction are Rüdiger Schmid-Kühnhöfer (Chief Operating Officer and General Counsel - Brussels/London) and Edward Renwick (Vice President and Legal Counsel - London).
RHJI was advised on the transaction by the Milbank partners Peter Nussbaum (lead, Corporate/M&A, Munich), Rolf Füger (Tax, Munich), Alexander Rinne (Antitrust, Munich) and Rainer Magold (Finance, Frankfurt), and associates Michael Pujol, Axel Wahl, Florian Lessniak (all Corporate/M&A, Munich), Matthias Schell (Tax, Munich), Andreas Boos (Antitrust, Munich), Alexander Klein and Maximilian Schneider (both Finance, Frankfurt).
