Covington Represents SimCorp in U.S. Law Aspects of $4.3B Sale

Covington Represents SimCorp in U.S. Law Aspects of $4.3B Sale

April 27, 2023

NEW YORK—Covington is representing SimCorp A/S as U.S. legal counsel in its entrance into a binding agreement, pursuant to which Deutsche Börse AG will make an all cash voluntary recommended public takeover offer to acquire all of the shares (except treasury shares) in SimCorp A/S at a price of DKK 735.0 per share, adjusted for any dividends or other distributions paid by SimCorp  prior to completion of the offer, valuing the entire issued capital of SimCorp at EUR 3.9 billion--or $4.3 billion.

SimCorp offers a front-to-back investment management platform and ecosystem used by some of the world’s top asset owners and managers.

As an international exchange organization and market infrastructure provider, Deutsche Börse Group ensures capital markets that are transparent, reliable, and stable.

The Covington team includes Uri Doron, Bruce Bennett, Barbara Asiain, and Elsie Nasser (global visiting lawyer).