Standout corporate mandates over the past few days have included a high profile run by Slaughter and May on deals including a £3.6bn bulk annuity buy-in over the ICI Pension Fund and Standard Life’s £390m acquisition of Ignis Asset Management, as Travers Smith and Kirkland & Ellis led on the $3.1bn acquisition of Nordic card-payment business Nets Holding.
Slaughters pensions and employment partner Charles Cameron led a multi-disciplinary team for Imperial Chemical Industries and Akzo Nobel on the de-risking of the ICI Pension Fund, under which the trustees of the fund entered into bulk annuity buy-in policies with Legal & General Assurance Society and Prudential Retirement Income, representing the largest bulk annuity policy arranged by a pension scheme in the UK.
