Legal Business

CC takes first major transaction for Prudential Capital as government sells off loans

Clifford Chance (CC) has picked up its first significant deal for Prudential Capital Group in the UK government’s £11.8bn sale of buy-to-let mortgages from failed lender Bradford & Bingley.

Slaughter and May, Allen & Overy (A&O) and CC all picked up advisory roles on the disposal of loans purchased at the height of the financial crisis.