Noerr advises Generali as part of a consortium on acquisition of leading European life insurance consolidator Viridium

A Noerr team led by Michael Brellochs, Florian Becker and Thomas Heitzer has advised the Generali Group as part of a consortium on the acquisition of the Viridium Group.

Viridium is a leading European life insurance consolidation platform. A consortium made up of Allianz, BlackRock and T&D Holdings will acquire ownership of Viridium from Cinven. Generali Financial Holdings and Hannover Re will remain investors in Viridium and join the consortium. Through this transaction, the financial advisor Cinven exits from its majority investment in Viridium after more than a decade of developing a highly successful insurance business. The transaction value amounts to approximately €3.5 billion.

The transaction is expected to close in the second half of 2025 after clearance by the relevant regulators and other customary closing conditions having been fulfilled.

Noerr previously advised the Generali Group with Michael Brellochs and Florian Becker on a reorganisation in connection with the sale of 89.9% of Generali Lebensversicherung in Germany to Viridium.

Advisors to Generali: Noerr

Team lead: Michael Brellochs (partner, Corporate/M&A, Munich), Florian Becker (partner, Corporate/M&A, London), Thomas Heitzer (partner, Insurance Regulation, Dusseldorf)

Corporate/M&A: Georg Langheld (associated partner, Munich), Christian Haagen (senior associate, Munich), Jana Landhäußer (associate, Munich)

Insurance and Financial Markets Regulation: Karl-Alexander Neumann (partner, Hamburg), Dirk Erdelkamp (senior associate, Hamburg), Ellen Charlotte Seib (associate, Dusseldorf), Niels Breyer (associate, Dusseldorf)

Investment Funds and Asset Management: Sebastian Voigt (partner, Dresden), Dominik Pokora (senior associate, Dresden), Antonio Bela (senior associate, Berlin)

Antitrust and Competition: Jens Peter Schmidt (partner, Brussels), Fabian Badtke (partner, Frankfurt), Fabian Hübener (associated partner, Brussels), Sven Betzendörfer (senior associate, Brussels)

Digital Business: Peter Bräutigam (partner, Munich), Patrick Neidinger (associated partner, Munich), Lennart Laude (associate, Munich)

Tax: Carsten Heinz (partner, Munich), Tim Löper (associated partner, Munich)