Viridium Acquired by Consortium Including Generali

The legal firm Noerr has advised the Generali Group, as part of a consortium including Allianz, BlackRock, and T&D Holdings, in the acquisition of the Viridium Group, a leading life insurance consolidation platform in Europe. The deal involves acquiring Viridium from the private equity firm Cinven. Generali Financial Holdings and Hannover Re will join the consortium as investors. The total transaction is valued at approximately €3.5 billion, and it marks an exit for Cinven from its majority stake in Viridium after a decade. The deal is projected to close by the second half of 2025, pending regulatory approvals. This development also sees continued collaboration between Generali and Noerr, where the latter previously assisted in another transaction concerning Generali Lebensversicherung. For this deal, Noerr’s multidisciplinary team from various locations including Munich, Hamburg, Dusseldorf, Dresden, Berlin, Brussels, and Frankfurt provided broad-spectrum legal expertise in corporate M&A, insurance, financial markets regulation, investment funds, asset management, and antitrust and competition law.