Slaughter and May is advising UK Asset Resolution Limited (UKAR) and Bradford & Bingley plc (B&B), working closely with the UKAR legal team, HM Treasury and Treasury Legal Advisers in relation to the disposal, by way of auction, of legacy buy-to-let mortgage assets originated by B&B and its subsidiary, Mortgage Express, to Prudential plc and to funds managed by Blackstone for a total consideration of £11.8bn.

Contacts

Financing: Guy O’Keefe (partner), Oliver Storey (partner), Charlie McGarel-Groves (associate), Harry Bacon (associate), Chris Armstrong (associate), Steve Dempsey (associate) Corporate: Craig Cleaver (partner), Kurt Ma (Associate), Carla Edney (associate), Ed Steward (associate) Tax: Gareth Miles (partner), Ed Milliner (associate) Financial regulation: Ben Kingsley (partner), Kilian McConnell (associate) Competition/State Aid: Isabel Taylor (partner), Elena Prattent (associate)