Appleby advises Vitruvian Partners on Royal London 360° management buyout
Appleby has acted as Isle of Man counsel to private equity firm Vitruvian Partners in relation to its agreement to provide funding to support a management-led buyout of Royal London 360° (RL360°) and its subsidiaries for an undisclosed sum from parent Royal London Group (RLG).
The RL360° executive management team, led by chief executive David Kneeshaw, will remain unchanged. Following completion, the company will be re-branded RL360°.
The Isle of Man aspects of the deal were led by partner and Isle of Man head of corporate and commercial Nick Verardi, who was supported by counsel Michelle
Brook and associate Alexandra Watterson.
This content was originally sourced from the Appleby website.
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