Herbert Smith Freehills (HSF) and Clifford Chance (CC) have acted on the sale of EMI Group's £1.5bn pension fund to the Pension Insurance Corporation (PIC), a deal which is thought to represent the UK's largest-ever pensions insurance buyout. The deal comes after Citigroup acquired music giant EMI from private equity group Terra Firma in 2011.
July 18, 2013 at 07:06 PM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith Freehills (HSF) and Clifford Chance (CC) have acted on the sale of EMI Group’s £1.5bn pension fund to the Pension Insurance Corporation (PIC), a deal which is thought to represent the UK’s largest-ever pensions insurance buyout.
The deal comes after Citigroup acquired music giant EMI from private equity group Terra Firma in 2011.
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