G
Goldman Sachs Asset Management
Acquirer counsel
Freshfields
Alexander DoormanPartner
3 lawyers involved
Rainmaker
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Freshfields advises Goldman Sachs Asset Management on $40 billion acquisition from Shell Pension Funds
Deal Overview
- Value
- $40bn
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Freshfields Overview
- Goldman Sachs Asset Management was appointed by Shell-related pension entities and a captive insurer to run a US$40 billion outsourced chief investment officer mandate covering international pension plan assets in Europe and advisory services in North America, making this one of its largest multinational OCIO mandates.
- The transaction is an appointment rather than an acquisition: Goldman Sachs Asset Management won a competitive tender to manage a US$40 billion mandate, with no per-share consideration, equity stake or merger valuation involved.
- Transition of the Shell pension funds is expected to complete later in 2025, and Shell said the mandate is intended to give trustees access to Goldman Sachs' global investment capabilities while delivering performance and cost benefits through scale and efficiency.
S
Shell Pension Funds
Seller counsel
Seller counsel not yet recorded
Overview
- Shell pension funds sold the stake/assets to Goldman Sachs Asset Management as part of a outsourcing on 2025-09-30.
- Deal value was 400000000000 (source: Extracted) Sector: Financial Services; Location: Europe.
- Seller-side legal counsel was not specified.