A&O Shearman advises DBR on buyout of Credit Suisse pension obligations from UBS

The objective of the buyout is the long-term protection and professional management of the assumed obligations outside of the company. The transaction is one of the larger pension buyouts in the German market to date and highlights the increasing importance of comprehensive de-risking solutions for company pension schemes.

The A&O Shearman team was led by partners Dr. Jan Schröder (corporate/M&A, Düsseldorf) and Peter Wehner (pensions, Frankfurt) and comprised counsel Juliane Dieckmann-Keden (corporate/M&A, Hamburg), senior associates Dr. Sven Gunkel (pensions, Frankfurt), Dr. Saber Baratzadeh (corporate/M&A, Düsseldorf) as well as associates Dr. Jan Henrich (pensions, Frankfurt) and Robin Petschenka (corporate/M&A, Düsseldorf). Advice was also provided by partner Martin Scharnke and senior associate Faria Fagirzai (both capital markets, Frankfurt).

A&O Shearman has already advised DBR on the assumption of pension obligations in the past, most recently for two companies of a German entrepreneurial family. The German Pensions group led by partners Peter Wehner and Dr. Jan Schröder regularly advises on transactions and reorganizations in the field of pension buyout, carve-out and de-risking of pension obligations.