Macfarlanes advises Affirmative Investment Management on sale to MetLife

Macfarlanes has advised specialist ESG investment manager Affirmative Investment Management (AIM) on its sale to New York listed MetLife Inc’s investment management business, MetLife Investment Management (MIM).

AIM was founded in 2014 and has around $1.1bn assets under management. The transaction will combine AIM’s expertise in ESG with MIM’s commitment to sustainable investing to provide clients with complete insight and counsel on their ESG considerations.

The Macfarlanes team for this matter was led by corporate and M&A partner Tim Redman with assistance from corporate and M&A associate Luis Soares de Sousa. Tax expertise was provided by senior counsel Sarah Shucksmith and associate Beth Leggate. Other team members included commercial senior associate Rosie Duckworth and commercial associate Cliodhna Ni Ghadhra, and financial services senior consultant Tim Plews and financial services senior associate Louise Bralsford.

Tim Redman comments: “It was a pleasure to advise Affirmative Investment Management on this transaction, having previously assisted on their investment from Sumitomo Mitsui Financial Group in 2020. ESG-friendly investing is a priority for so many institutions and we look forward to seeing this union thrive.”

Stephen Fitzgerald, Managing Partner of AIM, comments: “We are delighted to have worked with Macfarlanes on this transaction. The entire team did a terrific job and helped us navigate every complexity. It was great to have them by our side.”