News

Allen & Overy advises Virgin Group on proposed acquisition of Virgin Money by Nationwide Building Society

Published Date
Mar 21, 2024
Allen and Overy is advising Virgin Group as shareholder, brand licensor and loyalty programme provider in connection with the GBP2.9 billion takeover offer by Nationwide Building Society to acquire Virgin Money.

Virgin and Nationwide have entered into certain arrangements with respect to the licensing of the Virgin Money brand and agreed a period of exclusivity to explore a potential loyalty programme partnership, as further detailed in the offer documentation.

The A&O team was led by London corporate partners David Broadley, co-head of global corporate practice, Jim Ford and Claire Coppel, with support from senior associate, Anthony Bowen and associates Megan McMellon and Helena Marrion.

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This content was originally published by Allen & Overy before the A&O Shearman merger