NEWPELGROUP intends to acquire MassMutual Europe

NEWPELGROUP provides sophisticated private client solutions to the wealth management industry.

Luxembourg – June 17th, 2009 – NEWPELGROUP announces that it has entered into an agreement to acquire the Luxembourg-based company MassMutual Europe S.A. (“MME”) from MassMutual International LLC (“MMI”). MMI is a part of the MassMutual Financial Group, a leading provider of asset management and insurance products. The transaction adds some EUR 400 million in assets under management to NEWPELGROUP’s existing portfolio of over EUR 5 billion in client assets, while broadening its intermediary network.

Both NEWPELGROUP and MME pursue wealthy clients and have similar investment product offerings. MME adds to NEWPELGROUP an established client base and distribution relationships in Italy and Germany and an opportunity to operate with greater economies of scale. Importantly, the management team at MME, led by Olivier Maingard, will remain in place, helping to ensure that MME’s strong relationships with its intermediaries are maintained.

NEWPELGROUP will support MME to ensure the growth of its business in Italy and Germany and will integrate MME’s Belgian business with its existing operations.

The transaction is subject to regulatory approval from Luxembourg’s Commissariat aux Assurances.

Tom Fraser, NEWPELGROUP, commented: “The acquisition of MassMutual Europe represents another significant step in our strategy to expand the scale and scope of our offer across Europe. MassMutual Europe has excellent intermediary relationships, which we look forward to further developing with Olivier and his team. This transaction even better positions NEWPELGROUP to offer leading products and services to the wealth management industry.”

Media enquiries
Thorsten Wittmeier, NPG Wealth Mangement
Telephon +352 4567 30 4716
Mobile +352 621 19 17 33
thorsten.wittmeier@finadmin.eu

Alex Child-Villiers, Temple Bar Advisory
Telephon +44 20 7002 1080
Mobile: +44 7795 425580
alexcv@templebaradvisory.com





Notes to Editors
About NPG Wealth Management

NPG Wealth Management provides sophisticated private client solutions to the wealth management industry. Through its subsidiaries, NPG creates financial structures designed to meet clients’ objectives for investment planning, inheritance and retirement planning. The Group controls client assets of over EUR 5 billion, including EUR 3.7 billion of client assets in its wealth management business, serves more than 50,000 clients in eight countries and employs some 400 people throughout Europe.

About MassMutual Europe
MassMutual Europe S.A., a Luxembourg-licensed life insurance company, is owned by MassMutual International LLC, a wholly-owned subsidiary of the Massachusetts Mutual Life Insurance Company, a company headquartered in Springfield, Massachusetts, with more than USD 360 billion in assets under management at year-end 2008. From its Luxembourg headquarters, MassMutual Europe S.A. operates cross-border into selected European countries. Created in 1988, the company has developed its European presence with a special focus on distribution through banks, asset managers and financial advisors.