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CMS Advises Erste Asset Management on Acquisition of Impact Asset Management

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CMS has advised Erste Asset Management on its acquisition of Impact Asset Management. Schoenherr reportedly advised the sellers.

The transaction remains contingent on regulatory approval. The parties have not disclosed further details.

Erste Asset Management is an international asset manager. It offers clients a range of high-quality investment funds and asset management solutions. 

Impact Asset Management is a Vienna-based asset manager with assets under management of approximately EUR 4.3 billion, including EUR 643 million in microfinance funds. According to CMS, the acquisition "strengthens Erste Asset Management’s ESG capabilities and enables Erste Asset Management to offer an even more comprehensive range of sustainable investment solutions.”

The CMS included Partners Clemens Grossmayer, Dieter Zandler, Walter Gapp, and Gabriela Staber and Attorney at Law Marie Christine Lidl.

Editor's Note: After this article was published, Schoenherr confirmed its involvement to CEE Legal Matters. The Schoenherr team included Partners Maximilian Lang, Christian Herbst, Volker Weiss, and Marco Thorbauer and Attorneys at Law Zurab Simonishvili, Beatrix Schima, and Anna Visontai-Knor.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.