13 October 2016
Carey Olsen and McDermott advise LSE listed Sanne Group on its acquisition of FLSV Fund Administration Services
International law firms Carey Olsen and McDermott Will & Emery have advised global specialist outsourcing company Sanne Group plc on its acquisition of FLSV Fund Administration Services (FAS) for a total consideration of approximately US$ 65.8 million.
The transaction was led by Guy Coltman, partner at Carey Olsen, who also advised on Jersey law, supported by counsel David Allen, and assisted by McDermott partners Stuart Mathews (on the English law corporate aspects), Meir Lewittes (on US corporate issues) and Adam Spiegel (on US finance aspects).
Lawyers from McDermott’s corporate, finance, employment and tax practices based in London, New York and Los Angeles included Evan Belosa, Maureen O’ Brien and associates Anne Harris and Patrick Ryan for US employee benefits matters, UK tax partner James Ross and associates David Falk in New York and Matthew Chen in London.
The transaction is expected to complete by the end of November 2016.