Deal watch: Magic Circle trio banks on Virgin Money sale as €7.1bn Adyen IPO and £1.8bn Equitable Life disposal keep raft of advisers busy

Magic Circle heavyweights Slaughter and May, Allen & Overy (A&O) and Clifford Chance (CC) have scored key roles on the £1.7bn sale of Virgin Money while the €7.1bn Adyen initial public offering (IPO) and £1.8bn Equitable Life disposal drummed up business for numerous City and US advisers.

CYBG, the owner of Clydesdale Bank and Yorkshire Bank, said yesterday (18 June) it had struck a deal to buy London Stock Exchange-listed Virgin Money in a £1.7bn acquisition that will create the UK’s sixth-largest bank.

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