Freshfields advises M&G plc on $1.6 billion sale to Dai-ichi Life Holdings

Dai-ichi Life Holdings is the acquirer in this transaction, buying into British money manager M&G rather than pursuing a full-company takeover.
The deal is a US$1.1 billion acquisition of a stake in M&G; the available report frames it as an investment in the company rather than disclosing per-share terms, premium or a full equity valuation.
A notable feature is the cross-border nature of the transaction, with Japan's Dai-ichi Life Holdings acquiring a position in UK-based asset manager M&G.

M&G plc is entering a long-term strategic partnership spanning asset management and life insurance, under which it will become Dai-ichi Life Holdings' preferred asset management partner in Europe.
Dai-ichi Life intends to acquire an approximately 15% shareholding in M&G as part of the transaction.
The partnership is aimed at growth, distribution and product development and is expected to generate at least US$6 billion of new business flows into M&G-managed funds over five years, including at least US$3 billion into its high-alpha strategies across public and private markets.

Dai-ichi Life Holdings is the acquirer in this transaction, buying into British money manager M&G rather than pursuing a full-company takeover.
The deal is a US$1.1 billion acquisition of a stake in M&G; the available report frames it as an investment in the company rather than disclosing per-share terms, premium or a full equity valuation.
A notable feature is the cross-border nature of the transaction, with Japan's Dai-ichi Life Holdings acquiring a position in UK-based asset manager M&G.

M&G plc is entering a long-term strategic partnership spanning asset management and life insurance, under which it will become Dai-ichi Life Holdings' preferred asset management partner in Europe.
Dai-ichi Life intends to acquire an approximately 15% shareholding in M&G as part of the transaction.
The partnership is aimed at growth, distribution and product development and is expected to generate at least US$6 billion of new business flows into M&G-managed funds over five years, including at least US$3 billion into its high-alpha strategies across public and private markets.

Deal Overview