Kirkland & Ellis is advising European private equity secondaries manager, Montana Capital Partners (MCP), on the sale to PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU).
Upon closing, MCP will join PGIM’s multi-manager structure under the oversight of Eric Adler, president and chief executive officer of PGIM Real Estate. MCP’s co-founders Dr. Christian Diller and Dr. Marco Wulff will continue to manage the business and serve as co-chief executive officers. Following the acquisition, MCP will maintain investment autonomy and independence, with its fully committed team headquartered in Switzerland, while benefitting from PGIM’s global distribution, sourcing and operational, compliance and regulatory support. The closing of the transaction, expected in Q3 2021, is subject to receipt of all regulatory approvals.
Read the PGIM press release
The Kirkland team was led by corporate partners Roger Johnson and Adrian Duncan and associate Melissa Sawyer and investment funds group partners Daniel Lavon-Krein, James King and associate Lesedi Mbatha.