Montana Capital Partners agrees to sell shares to PGIM. The advisors

The shareholders of Montana Capital Partners, a European-based private equity secondaries asset manager, have entered into a share purchase agreement regarding the sale of all shares to PGIM, a global investment management business of Prudential Financial. Completion of the transaction is subject to regulatory approval.

As per the press release published by PGIM, the transaction is expected to close in Q3 2021, 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 team headquartered in Switzerland, while benefitting from PGIM’s global distribution, sourcing and operational, compliance and regulatory support.

The advisors

Bär & Karrer acts as legal advisor to the sellers from Montana Capital Partners in this transaction. The team includes Christoph Neeracher (pictured top), Philippe Seiler, Elisabeth Rinderknecht and Dominique Nguyen (all m&a), Susanne Schreiber, Raoul Stocker and Anke Stumm (all tax), Daniel Flühmann (regulatory) as well as Laura Widmer (employment).

Pestalozzi advised Prudential Financial on all Swiss law aspects of the transaction. The team included Christoph Lang (partner – corporate / m&a, pictured left), Nils Harbeke (partner – tax), Martin L. Mueller (partner – employment & pensions), Andrea Huber (partner – financial services), Petra Spring (senior associate – employment & pensions), Joseph A. Steiner (senior associate – financial services), Pascale Schwizer (associate – tax), Raphael Widmer (associate – corporate / m&a)