Taylor Wessing advises Principal Investment Holdings Ltd on sale to Sanlam

CLIENT

Principal Investment Holdings Ltd

VALUE 

The offer values Principal at approximately £42 million. 

TRANSACTION

Acquisition

DESCRIPTION

Taylor Wessing LLP has advised the board of Principal Investment Holdings Limited ("Principal") in connection with the offer by Sanlam, the second largest insurer in South Africa, to acquire the entire issued share capital of private client portfolio management specialist Principal for a combination of cash and shares.