International law firm Allen & Overy advised joint lead managers and
bookrunners UBS and Cazenove on HHG plc’s placing of 246,160,000 new shares,
raising £118 million.
HHG, the recently-listed asset management and insurance group, will use the
cash raised to help buy the remaining 24% of Hendersen, its asset management
business, from its subsidiary Pearl Assurance for approximately £118.7
million.
London-based corporate partner Mark Dighero led the team assisted by
associates David Broadley and George Knighton in the UK. Partner Daniel
Epstein advised on US aspects.
HHG are being advised by Freshfields.
