Slaughter and May has bagged another mandate from long-standing client Daily Mail & General Trust, after the listed business announced a series of potential reorganisations that could see it taken private by its controlling shareholder, the Rothermere family.
DMGT announced plans on Monday to sell its insurance risk division, RMS, as well as its stake in used car seller, Cazoo which is set to list via a SPAC arrangement in New York. No formal bid has yet been made for RMS, but the company said that it was currently in discussions with a number of third parties.
