Clifford Chance (CC) and Allen & Overy (A&O) have advised on Man Group’s takeover of $8bn (£5bn) hedge fund Financial Risk Management (FRM) Holdings. Man Group, which is being advised by CC, is set to pay up to $82m (£52m) in cash for the fund over a three-year period. A&O is advising FRM on the deal, which is expected to close in the third quarter of 2012.
May 23, 2012 at 06:08 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Allen & Overy (A&O) have advised on Man Group’s takeover of $8bn (£5bn) hedge fund Financial Risk Management (FRM) Holdings.
Man Group, which is being advised by CC, is set to pay up to $82m (£52m) in cash for the fund over a three-year period. A&O is advising FRM on the deal, which is expected to close in the third quarter of 2012.
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