IFLR1000

CYBG £1.7 billion acquisition of Virgin Money

19/6/2018
Private acquisition
Select tab

£ 1.7 billion

$ 1.939 billion

Announced

19/6/2018

Overview:

  • Once the deal is completed the joint entity will be the sixth largest bank in the United Kingdom.
  • Richard Branson's Virgin Group currently holds a 35% stake in Virgin Money.

Mihail Georgiev - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Banking

Firms:
Allen & Overy

Party: Virgin Money Holdings UK (Target)

Lawyers: David Broadley, Seth Jones

Clifford Chance

Party: CYBG (Acquirer)

Lawyers: Adrian Cartwright, Christopher Walsh, David Pudge, Gareth Camp, Katherine Moir

Slaughter and May

Party: Virgin Group (Seller)

Lawyers: Jan Putnis, Robert Innes, Roland Turnill

Related deals