International law firm Pinsent Masons has advised Legal & General Group Plc on the sale of Cofunds, the UK's leading investment platform for advisers and other financial institutions, to Aegon for £140 million.

The sale is subject to regulatory approval which is expected by the end of 2016.

The Pinsent Masons team advising on the deal was led by corporate partner Hannah Brader supported by corporate solicitor Emma Dawe.  Specialist platforms advice was provided by Tobin Ashby and Chris Riach.

Commenting on the deal Hannah Brader said:

"We are delighted to be continuing our relationship with Legal & General and to have advised them on the sale of Cofunds.  This transaction is further evidence of Pinsent Masons' corporate expertise in the financial services sector and underlines our position as a market leader in the platforms arena where we have extensive experience of advising life and wealth companies."