Debevoise & Plimpton LLP is advising PGIM, the $1.5 trillion global investment management business of Prudential Financial, in its definitive agreement to acquire Montana Capital Partners (“MCP”), a European-based private equity secondaries asset manager.

The closing of the transaction, expected in Q3 2021, is subject to receipt of all regulatory approvals.

MCP focuses on secondaries transactions in the small- and mid-cap markets. With roughly $3 billion of assets under management, the firm has a diversified investor base across Europe, Asia, and the U.S.

PGIM ranks among the top 10 largest asset managers in the world with $1.5 trillion in assets under management as of March 31, 2021.

For full details, see PGIM’s press release here.

The Debevoise team advising PGIM is led by partner David Innes and international counsel Benjamin Lyon, and includes partners Geoffrey Kittredge and John Vasily, counsel Judith Church and Sheena Paul, and associates Kayleigh Anderson, Nicola Bruton, Konstantin Bureiko, Sasha Burger, Clarissa McNerney, Katie Power, and Zachary Sosah. Tax advice is provided by partners Michael Bolotin and Richard Ward, and associate Shanna Adler. Employment, cybersecurity and data privacy advice is provided by international counsel Christopher Garrett. Intellectual property advice is provided by associate Emily Mackay.

Pestalozzi Law is advising PGIM in Swiss law aspects, and Bedell Cristin is advising on Jersey and Guernsey law aspects.