Nippon Life: Agreement with Deutsche Bank and DWS to invest in DWS
Leading Japanese law firm Nishimura & Asahi has advised Nippon Life Insurance Company (“Nippon Life”) on its agreement with Deutsche Bank AG (“Deutsche Bank”) and Deutsche Bank’s global asset management subsidiary DWS Group GmbH & Co. KGaA (“DWS”) to acquire a 5% stake in DWS. DWS, with a presence in 40 countries and with approx. JPY95 trillion in assets under management, is planning an IPO in which Nippon Life will participate. Nippon Life will enhance its investment capabilities and asset management business further through its partnership with Deutsche Bank and DWS.