Gleiss Lutz has, together with Simpson Thacher, represented McKinsey & Company in its entry into an agreement for MIO Partners (“MIO”), to join Neuberger Berman Group LLC (“Neuberger”).
MIO is a global investment and wealth manager serving McKinsey's partners, employees and alumni that has USD 26 billion in assets under management, including approximately USD 20 billion in alternative investment strategies.
The agreement concludes a strategic review, launched by McKinsey in early 2025, prompted by MIO's significant growth and expansion over the last 25 years.
Neuberger will onboard MIO's investment teams that manage alternative investment strategies and its advisory business that serves McKinsey partners, as well as the associated supporting functions.
The agreement is expected to close in 2026 and is subject to customary closing conditions, including client consent and regulatory approvals.
A Simpson Thacher team has advised McKinsey & Company on US law aspects.
The following Gleiss Lutz team in Frankfurt, led by Dr. Christian Hissnauer (partner, Financial Regulation), has provided McKinsey & Company with comprehensive advice on German legal issues:
Daniel Adolph, Aike Würdemann, Tobias Kempf (all Financial Regulation), Dr. Thomas Winzer (partner), Dr. Tobias Abend (counsel, both Employment), Dr. Andreas Löhdefink (partner) and Dr. Christoph Auchter (counsel, both M&A).
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