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MAGNUSSON COPENHAGEN ADVISES ON DEAL AT THE FRONTIER OF THE FINANCIAL SERVICES SECTOR

2017-12-27

Magnusson Copenhagen has advised Conning, a leading global investment management firm, in connection with the acquisition of a stake in Global Evolution, a premier specialist investment manager of emerging and frontier market debt strategies based in Kolding, Denmark.

On 21 December 2017, Conning and Global Evolution, announced the signing of a definitive agreement for Conning to acquire a 45 percent stake in Global Evolution. The transaction is expected to close in early 2018, subject to customary regulatory approvals and closing conditions. For more about the transaction, please see: www.globalevolution.com/wp-content/uploads/2017/12/Conning-Global-Evolution.pdf

Magnusson Copenhagen provided legal assistance to Conning on all legal aspects of the deal, including due diligence, drafting and negotiating the transaction documents, regulatory issues etc. 

Partner Nikolaj Juhl Hansen lead the deal team. Other key team members includes Søren Theilgaard, Anders Worsøe, Kiki Lara Bruun Kiilerich, Caspar Rose and Xandra Hjorth.

Nikolaj Juhl Hansen says “We are pleased to have advised Conning on this investment. It has been a true pleasure to work with the experienced and professional Conning team and the other advisers on this deal. A great way to end a very good year for us.”

David Webster, Conning’s Head of Corporate and Product Development, said: “Conning’s investment in Global Evolution is an important strategic transaction for both firms, one that benefits our businesses and clients, and that recognizes our mutual position as industry leaders.”

Vi Smalley, General Counsel at Conning added; “We are pleased to have worked with the Magnusson team on this transaction and benefitted from their advice, insight, and Danish law expertise.”

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