Led by Munich partner Nikolas Zirngibl, Hogan Lovells has advised the Scope Group on the acquisition of Euler Hermes Rating GmbH. The acquisition will take economic effect on 1 January 2021.
Founded 2002 in Berlin, Scope Group is Europe’s leading provider of, among other things, independent credit ratings and fund analyses. Euler Hermes Rating previously operated under the umbrella of the credit insurer Euler Hermes and the insurance group Allianz. With the acquisition, Scope will expand its business to project finance with an analysis focus on small and medium-sized enterprises (SME). Euler Hermes Rating will be integrated into the Scope Group as part of the transaction and will operate under the name Scope Hamburg GmbH.
The transaction was signed and closed on 10 March 2021. The parties have agreed not to disclose the purchase price.
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