Groups Buy MM Warburg & Co's Luxembourg Business

Tom Burroughes

9 January 2018

A group of financial services and investment houses have bought MM Warburg & Co's asset management and servicing businesses in Luxembourg.

The deal means that and Apex will form a strategic partnership for Luxembourg based asset management services businesses whilst Warburg Invest (Germany) will also continue to focus on its German asset management business.

Terms of the agreement are not being disclosed. The transaction is subject to customary closing conditions, including regulatory approval and is expected to be completed in the second quarter of 2018. Willkie Farr & Gallagher LLP and Arendt & Medernach provided legal counsel to Apex and Genstar.