Herbert Smith Freehills, Hogan Lovells and Maclay Murray & Spens have landed the top legal roles on Lloyds Banking Group's sale of Scottish Widows Investment Partnership Group (SWIP) to Aberdeen Asset Management.
November 20, 2013 at 02:39 AM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith Freehills, Hogan Lovells and Maclay Murray & Spens have landed the top legal roles on Lloyds Banking Group’s sale of Scottish Widows Investment Partnership Group (SWIP) to Aberdeen Asset Management.
The deal is valued at £650m, with Aberdeen paying £550m in shares and bolting on an additional performance-related five year earn-out payment of up to £100 million.
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