Repeat business: Slaughters and Spanish best friend act as Santander buys back its asset management arm

Slaughter and May, its best friend Uria Menendez and Cleary Gottlieb Steen & Hamilton have won roles advising on Santander’s buy back of its asset management business from private equity groups Warburg Pincus and General Atlantic.

Madrid-based Banco Santander sold 50% of its asset management business to the private equity houses in 2013, which had hoped to merge the business with UniCredit’s own asset management operation Pioneer before talks fell through earlier this year.

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