Nuveen and Schroders have agreed to the terms of a board recommended cash acquisition by Nuveen for the entire issued and to-be-issued share capital of Schroders for approximately £9.9 billion.
JSA Advocates & Solicitors advised Nuveen on the Indian law aspects, including Indian regulatory and transactional considerations of this transaction.
The transaction team consisted of Vikram Raghani (Lead Partner), Pulkit Sukhramani (Partner), Farah Titina (Principal Associate), Anshuman Sugla (Senior Associate) and Associates Juan D’Souza and Samika Pachouly.
Nuveen is a global asset manager with approximately US$1.4 trillion in assets under management.
Schroders plc is a FTSE 100-listed leading provider of active asset management, advisory and wealth management services, with approximately US$1.1 trillion in assets under management.
The transaction is expected to create one of the world’s largest active global asset management platforms, with nearly $2.5 trillion in assets under management. The combined group will operate with enhanced scale and capabilities across the world’s leading financial centres, with a presence in more than 40 markets globally.
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