Warburg Taps Cleary Again for Latest Santander Sale

, The Am Law Daily


Grabbing roles on the Spanish banking giant's most recent asset sale, Cleary Gottlieb Steen & Hamilton and two leading European firms are advising on the roughly $914 million deal under which Santander is selling a 50 percent stake in its asset management arm to investment firms General Atlantic and Warburg Pincus. Cleary's ties to Warburg have proven particularly fruitful, with the firm also advising the private equity shop on the $8.7 billion sale of portfolio company Bausch & Lomb.

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