Eversheds Joins Magic Circle Duo Advising On £1.6 Billion Bank Tie-Up
OneSavings Bank and Charter Court Financial Services are in late-stage talks for a £1.6 billion merger.
March 11, 2019 at 07:56 AM
2 minute read
Slaughter and May, Linklaters and Eversheds Sutherland have banked advisory roles on the £1.6 billion proposed merger between OneSavings Bank and listed company Charter Court Financial Services.
The two companies offer mortgage and saving services and if the talks are successful, OneSavings Bank shareholders would own the majority share of the combined company.
Slaughters corporate head Roland Turnill and corporate partner Paul Dickson are leading the team advising OneSavings.
Fellow magic circle firm Linklaters is advising Charter Court. Its team includes corporate partner Simon Branigan, competition partner Natura Gracia and employment partner Alex Beidas.
Eversheds Sutherland, meanwhile, is advising Charter Court's management team, with London head of incentives Danny Blum and London head of employment Paul Fontes advising. The firm advised Charter Court in 2017 on its initial public offering.
Ashurst advised OneSavings on its 2014 IPO in London with a team led by capital markets partner Jonathan Parry, who joined White & Case in 2016.
Last year, Slaughters picked up a role advising on Clydesdale and Yorkshire Banking Group's takeover of Virgin Money for £1.7 billion, alongside fellow magic circle firms Allen & Overy and Clifford Chance.
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