Clifford Chance advises Legal & General on strategic acquisition of majority stake in global real estate private equity firm Proprium Capital Partners

Clifford Chance has advised Legal & General (L&G) on its strategic acquisition of a 75% stake in Proprium Capital Partners, a $3.5bn AUM global real estate private equity firm.

As part of the acquisition, L&G will commit up to USD 300 million of capital to support Proprium's future fund strategies.

The acquisition represents a strategically important step for L&G as it accelerates the growth of its Private Markets platform, broadening its real estate capabilities and strategically expanding into new markets across Europe, the US and APAC.

The Clifford Chance team was led by FIG corporate partner Imogen Ainsworth and Investment Funds counsel Ben Harding, alongside colleagues from across FIG corporate, Financial Regulatory, Tax, Employment, Incentives, Antitrust and IP.