Legal DealFolio - Standard Life Acquisition of Ignis Asset Management

Slaughter and May, working alongside the Standard Life in-house legal team, is advising Standard Life plc (Standard life), a leading provider of long-term savings and investments, on the proposed acquisition by its global investment management business of Ignis Asset Management Limited (Ignis) for GBP390 million in cash. On 26 March 2014 Standard Life announced that Standard Life Investments had entered into an agreement with a subsidiary of Phoenix Group Holdings (Phoenix) to acquire its asset management business, Ignis. The transaction which is expected to complete on or before 30 June 2014 is conditional upon approval from the Financial Conduct Authority. As part of the transaction, Standard Life Investments will enter into a strategic alliance with Phoenix through which Standard Life Investments will provide asset management services to Phoenix's Life Company subsidiaries, including the potential to manage future books of assets that Phoenix may acquire. Corporate and Insurance: Jonathan Marks (partner), Rob Coombes (associate), Jeremy Chew (associate), Will Oates (associate), Jack Edwards (associate; Financial Regulation: Ben Kingsley (partner), Kristina Locmele (associate), Edward Burrows (associate); IP/IT: David Ives (partner), Ellen Lambrix (associate); Pensions and Employment: Sandeep Maudgil (partner), Katherine Flower (associate), Brent Wright (associate; Tax: Gareth Miles (partner), Venetia Jennings (associate); Competition: Bertrand Louveaux (partner), Anna Lyle-Smythe (associate), Scott Pettifor (associate); Real Estate: John Nevin (partner), Kate Turner (associate).

Deal Date:	26-03-2014	Practice Area:	Corporate and M&A
Deal Title:	Standard Life Acquisition of Ignis Asset Management	Industry:	Financial Services
Description:	Slaughter and May, working alongside the Standard Life in-house legal team, is advising Standard Life plc (Standard life), a leading provider of long-term savings and investments, on the proposed acquisition by its global investment management business of Ignis Asset Management Limited (Ignis) for GBP390 million in cash. On 26 March 2014 Standard Life announced that Standard Life Investments had entered into an agreement with a subsidiary of Phoenix Group Holdings (Phoenix) to acquire its asset management business, Ignis. The transaction which is expected to complete on or before 30 June 2014 is conditional upon approval from the Financial Conduct Authority. As part of the transaction, Standard Life Investments will enter into a strategic alliance with Phoenix through which Standard Life Investments will provide asset management services to Phoenix's Life Company subsidiaries, including the potential to manage future books of assets that Phoenix may acquire. Corporate and Insurance: Jonathan Marks (partner), Rob Coombes (associate), Jeremy Chew (associate), Will Oates (associate), Jack Edwards (associate; Financial Regulation: Ben Kingsley (partner), Kristina Locmele (associate), Edward Burrows (associate); IP/IT: David Ives (partner), Ellen Lambrix (associate); Pensions and Employment: Sandeep Maudgil (partner), Katherine Flower (associate), Brent Wright (associate; Tax: Gareth Miles (partner), Venetia Jennings (associate); Competition: Bertrand Louveaux (partner), Anna Lyle-Smythe (associate), Scott Pettifor (associate); Real Estate: John Nevin (partner), Kate Turner (associate).
Financial Center:	London	Value:	100.01-500.00
Advised Party:	Acquiror	Law Firm	Slaughter and May
Target Company Jurisdiction:	United Kingdom	Acquiror Jurisdiction:	United Kingdom
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Jonathan Marks

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers