M&G plc’s Demerger From Prudential plc


Slaughter and May has advised Prudential plc and M&G plc on the demerger of M&G from Prudential.

The demerger became effective on 21 October 2019, when M&G’s shares were admitted to trading on the London Stock Exchange.

M&G was founded in 2017 and is a leading savings and investments business supporting the global economy.

Prudential plc is a British multinational life insurance and financial services company headquartered in London, United Kingdom.

Slaughter and May advice to Prudential plc was led by: Roland Turnill (partner), David Watkins (partner), Chris Tolley (associate), Amandeep Bains (associate).

Advice to M&G led by: Susannah Macknay (partner), Harry Bacon (partner), Julian Ried (associate), Tom Whitney (associate).

The wider team advising Prudential and M&G included:

Corporate: Yvonne Lee (senior counsel), Oliver Gratton (associate), Tom Peacock (associate), Carla Edney (associate), Kate Hogan (associate), Richard Bishop (trainee), Edward Rochford (trainee); Financing: Guy O’Keefe (partner), Kevin Howes (associate), Kieran Turton (associate), David Hay (associate); Financial regulation: Jan Putnis (partner), David Shone (associate), Tom Hilton-Stevens (associate); Tax: Mike Lane (partner), Kyle O’Sullivan (associate); IP/IT: Susie Middlemiss (partner), Laura Houston (associate), Georgina Hoy (associate), Tom Sharpe (associate); Employment and incentives: Padraig Cronin (partner), Ian Brown (senior counsel), Rosemary Nelson (associate); Pensions: Dan Schaffer (partner), David Pemberton (associate); Data protection: Rebecca Cousin (partner), Duncan Mykura (associate)

Hong Kong: Peter Lake (partner), Clara Choi (partner), Nicola Lui (associate), Mike Ringer (associate), Jiayi Li (associate)

Involved fees earner: Harry Bacon – Slaughter and May; Amandeep Bains – Slaughter and May; Ian Brown – Slaughter and May; Clara Choi – Slaughter and May; Rebecca Cousin – Slaughter and May; Padraig Cronin – Slaughter and May; Carla Edney – Slaughter and May; Oliver Gratton – Slaughter and May; David Hay – Slaughter and May; Tom Hilton-Stevens – Slaughter and May; Kate Hogan – Slaughter and May; Laura Houston – Slaughter and May; Kevin Howes – Slaughter and May; Georgina Hoy – Slaughter and May; Peter Lake – Slaughter and May; Mike Lane – Slaughter and May; Yvonne Lee – Slaughter and May; Jiayi Li – Slaughter and May; Nicola Lui – Slaughter and May; Susannah Macknay – Slaughter and May; Susie Middlemiss – Slaughter and May; Duncan Mykura – Slaughter and May; Rosemary Nelson – Slaughter and May; Guy O’Keefe – Slaughter and May; Kyle O’Sullivan – Slaughter and May; Tom Peacock – Slaughter and May; David Pemberton – Slaughter and May; Jan Putnis – Slaughter and May; Julian Ried – Slaughter and May; Michael Ringer – Slaughter and May; Daniel Schaffer – Slaughter and May; Tom Sharpe – Slaughter and May; David Shone – Slaughter and May; Chris Tolley – Slaughter and May; Roland Turnill – Slaughter and May; Kieran Turton – Slaughter and May; David Watkins – Slaughter and May; Thomas Whitney – Slaughter and May;

Law Firms: Slaughter and May;

Clients: M&G plc; Prudential;