Linklaters advises Investec on the demerger and listing of its asset management business – Ninety-One

• Ninety One is now an independent global asset manager with £121 billion in assets under management

• Ninety One plc and Ninety One Limited (which together form Ninety One) is among the few dual listed company structures in the world

• Ninety One plc Shares will be listed on the Main Market of the LSE, with a secondary inward listing on the Main Board of the JSE and the Ninety One Limited Shares will be listed on the Main Board of the JSE

Linklaters has advised Investec on the recently completed demerger and listing of its asset management business (now known as Ninety One). Following the demerger, Investec retained an interest of approximately 25% in Ninety One, with approximately 55% being held by Investec’s shareholders and approximately 20% held by senior management of Ninety One.

Stuart Bedford, corporate partner at Linklaters said:

“This milestone transaction will allow both Investec and Ninety One to focus on their respective growth paths and enhance long-term prospects for the benefit of their shareholders. The ability of Ninety One to complete its listing amidst unprecedented market downturn due to Covid-19, is a testament to the strength of its business and management team.”