DLA Piper advising FirstRand on £1.1 billion takeover of Aldermore Group PLC
DLA Piper is acting for FirstRand, South Africa’s largest financial services institution, who have put forward a £1.1 billion recommended offer for approval by the shareholders of Aldermore Group PLC, ("Aldermore") a British specialist lender and savings bank.
Aldermore was founded in the UK in 2009 and provides award-winning asset finance, invoice finance, mortgage and deposit products to small and medium-sized enterprises (SMEs), homeowners, landlords and savers. It has over 230,000 clients and approximately 1000 employees.