6 August, 2019
Baker McKenzie has advised Mitsubishi UFJ Trust and Banking Corporation (MUTB) on its A$4 billion acquisition of the global asset management division (CFSGAM) of Commonwealth Bank of Australia (CBA), which closed on 2 August. CFSGAM manages A$218.4 billion in funds investments for clients around the world, including many substantial investments in infrastructure assets.
The transaction was subject to many regulatory approvals around the world.
The Baker McKenzie team worked closely together in Australia and Japan, as well as with colleagues and correspondents in many overseas locations.
Lead Australian M&A partner Ben McLaughlin said: "It was a privilege to work with the market-leading MUTB team on this landmark transaction having strategic importance for MUTB's business. We wish MUTB and CFSGAM every success". Lead Japanese M&A partner Tetsuo Tsujimoto added: "The transaction was a showcase of the unparalleled global strength of Baker McKenzie's M&A and financial services capabilities".
