Global law firm White & Case LLP is advising the privately-owned investment and private banking institution Bank Degroof on its merger with the independent investment firm Petercam.
The merger of these two Brussels-based private financial institutions will result in Belgium's first independent private bank, with €42 billion of assets under management and 1,400 employees. The transaction is expected to close by Q2 2015 and is likely to be one of the most high profile mergers of the year in the Belgian market.
"We are pleased to support Bank Degroof in this complex and technical transaction, which requires the support of a multi-disciplined team," said White & Case partner and head of the Belgian practice Thierry Bosly. "Bringing together experienced lawyers to successfully complete this transaction, which has various cross-border implications due to the European subsidiaries owed by Degroof and Petercam, reflects the value we are able to provide to our clients."
The White & Case team was led by partner Thierry Bosly and includes local partners Muriel Alhadeff and Matthieu Duplat, partner Mark Powell and associates Laurent Lantonnois and Aurélie Cautaerts, all based in Brussels.
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