Our office in London focuses on core corporate practice areas, adapted to the cross-border context: mergers and acquisitions, capital markets transactions and financing transactions. Our London office handles private equity acquisitions and disposals, acquisition financing, high yield bond offerings, IPOs and other equity and debt capital markets transactions, and strategic, multi-jurisdictional M&A transactions and financings for our corporate clients.
Capital Markets and Securities
- Brit PLC
- Brit PLC, a global specialty insurer and reinsurer, in its Rule 144A and Regulation S initial public offering and listing on the London Stock Exchange with J.P. Morgan Cazenove and UBS Investment Bank acting as joint global coordinators and joint bookrunners; J.P. Morgan Casenove also acting as sponsor; and Canaccord Genuity Limited and Numis Securities Limited acting as co-lead managers.
- Reckitt Benckiser Group Plc
- Reckitt Benckiser Group Plc in the spin-off of RB Pharma, its Virginia-based pharmaceuticals unit and the listing of the new stand-alone company, named Indivior Plc, on the London Stock Exchange.
- Shawbrook Group Plc
- Shawbrook Group Plc, an independent specialist lending and savings bank serving U.K. small and medium sized enterprises and consumers, in its initial public offering and listing on the London Stock Exchange, with BofA Merrill Lynch and Goldman Sachs International acting as joint sponsors, joint global coordinators and joint bookrunners, Macquarie Capital (Europe) acting as joint bookrunner and Keefe, Bruyette & Woods acting as co-lead manager.
- GAME Digital plc
- GAME Digital plc, a leading omni-channel specialist retailer of video games in the U.K. and Spain, in its Rule 144A and Regulation S initial public offering and listing on the London Stock Exchange with Canaccord Genuity acted as sole sponsor, financial advisor and joint bookrunner. HSBC and Liberum also acted as joint bookrunners.
- RSA Insurance Group plc
- RSA Insurance Group plc, an insurance company listed on the London Stock exchange, in a £773 million rights issuance. J.P. Morgan securities plc and Merrill Lynch International acted as joint global coordinators, joint bookrunners and joint underwriters. J.P. Morgan Securities plc also acted as the sponsor.
- Stock Spirits Group plc
- Stock Spirits Group plc, a central and eastern European branded spirits producer, in its Rule 144A and Regulation S initial public offering and listing on the London Stock Exchange, with J.P. Morgan Cazenove and Nomura acting as joint sponsors, joint global coordinators and joint bookrunners.
- Countrywide plc
- Countywide plc, the largest real estate agency in the United Kingdom, in its Rule 144A and Regulation S initial public offering and listing on the London Stock Exchange. Goldman Sachs International, Jefferies International Limitedc and Credit Suisse were the joint bookrunners.
Mergers & Acquisitions
- Firth Rixson, a U.K.-based aerospace jet engine component provider, in its $2.85 billion sale to Alcoa, a Pennsylvania-based metals engineer and manufacturer, from Oak Hill Capital Partners and other shareholders.
- Oak Hill Capital Partners
- Oak Hill Capital Partners III, in its acquisition of Pulsant, a U.K.-based provider of managed, hosted data center and IT infrastructure services to the mid-market, from Bridgepoint Development Capital for an undisclosed purchase price.
- Citigroup Inc. and its Turkish subsidiary Citibank A.Ş., in connection with the sale of Citi's retail banking business in Turkey to DenizBank A.Ş., a member of the Sberbank group. DenizBank A.Ş. takes over a portfolio consisting of more than 600,000 customers, 1.2 billion TL (over $620 million) in credit and receivables and a retail banking portfolio of approximately 1.6 billion TL (over $825 million).
Électricité de France, S.A.
- Électricité de France, S.A. (EdF) in its agreement with A2A S.p.A. and Delmi S.p.A. to acquire the 50 percent interest in Transalpina di Energia S.r.1. a company holding 61.3 percent of Edison S.p.A.'s voting shares, not already owned by EdF, for €784 million plus the pro rata assumption of approximately €512 million in debt. We also acted in EdF's agreement with Edison, Alpiq S.A., A2A and Delmi relating to the acquisition of Delmi of a 70 percent stake in Edipower S.p.A. from Edison and Alpiq for €884 million and the repayment of shareholder loans to Edison and Alpiq totaling an additional €770 million. As a result of the change in control Edison, EdF was required to commence a tender offer for the 19.3 percent of Edison's shares that EdF does not own at €0.84 per share. EdF is the second largest electric utility company in the world, and Edison is Europe's oldest energy company and the second largest energy company in Italy.
Infineon Technologies AG
- Infineon Technologies AG, Europ's second-biggest semiconductor maker, in the sale of its Wireless Solutions business to Intel Corporation, the world's largest chipmaker, in an all-cash transaction valued at $1.4 billion.