Project: Acquisition of Northern Rock Plc by Virgin Money
Role: Advised the majority shareholder Virgin Group
2011Quayle Munro advises Virgin Group on the acquisition of Northern Rock
November 2011
Quayle Munro announces that it has advised Virgin Group on the acquisition of Northern Rock Plc by Virgin Money, subject to regulatory and EU merger approval. The transaction is an outstanding fit between the two businesses and will create a major new competitor in UK retail banking. The combined business will have over 4 million customers and will be the basis for a new, profitable and stable banking business in the UK.
Quayle Munro is a long standing adviser to the Virgin Group and is pleased to have been involved in such a landmark transaction.
The Quayle Munro team was led by Andreas Wesemann who has advised Virgin on its financial services activities for many years.
