Allen & Overy, Linklaters and Uría Menéndez advise on €1.8bn sale of Allfunds Bank stake
Allen & Overy advised Goldman Sachs and Bank of America Merrill Lynch on the financing of GIC and Hellman & Friedman’s acquisition of a 75 per cent stake in mutual fund platform Allfunds Bank.
Funds GIC and Hellman & Friedman instructed Freshfields Bruckhaus Deringer, Ropes & Gray, and Simpson Thacher & Bartlett on the deal.
The vendors, Spain’s Santander and Italy’s Intesa Sanpaolo, were advised by Linklaters and Uría Menéndez.
The transaction was valued at €1.8 billion, according to Mergermarket.
Allfunds Bank acts as an investment fund intermediary.