Aberdeen Standard Investments’ Acquisition of ETF Securities Limited’s specialist commodity Exchange Traded Product (ETP) US business

White & Case LLP has advised ETF Securities Limited on the sale of its specialist commodity Exchange Traded Product (ETP) US business to Aberdeen Standard Investments (ASI)

The acquired business has US$2.7 billion of assets under management, and it will further broaden ASI’s suite of investment capabilities. It also provides the platform and expertise to enable ASI to grow its existing Smart Beta capability by launching strategies within the acquired platforms.

ETF Securities, Ltd. is a privately owned investment manager. It provides its services to institutional investors, including investment managers, hedge funds and private wealth advisers. The company led by Mark K. Weeks, Graham John Tuckwell and Joseph Roxbourgh, is based in Jersey.

Aberdeen Standard Investments is a leading global asset manager that looks after €638 billion of assets worldwide, with clients in 80 countries supported by 50 relationship offices. It is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.

The White & Case team which advised on the transaction was co-led by partners Marcus Booth (Picture) and Peggy Wang (both London), and included partners David Dreier and Arlene Hahn (both New York), counsel Victoria Rosamond (New York), associates Philip Vavalidis, Peter Jones, Jason Krause, Helen Levendi (all London) and Jake Jung (New York), and foreign legal consultant Amy Hutchings (New York).

Involved fees earner: Marcus Booth – White & Case; Peggy Wang – White & Case; David Dreier – White & Case; Amy Hutchings – White & Case; Philip Vavalidis – White & Case; Jason Krause – White & Case; Arlene Hahn – White & Case; Victoria Rosamond – White & Case; Helen Levendi – White & Case; Woong Jae Jung – White & Case;

Law Firms: White & Case;

Clients: ETF Securities;

Author: Michael Patrini