Cleary Gottlieb Steen & Hamilton and two leading European firms have grabbed lead roles on the latest asset sale by Santander, advising on the roughly $914 million deal under which the Spanish banking giant has agreed to sell a 50 percent stake in its asset management arm to private equity firms General Atlantic and Warburg Pincus.
Cleary’s ties to Warburg have proven particularly fruitful, with the firm also advising the private equity shop on the $8.7 billion sale of portfolio company Bausch & Lomb to Valeant Pharmaceuticals, according to our previous reports.
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