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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Owen Clay

Tel:
Work 020 7456 3230
Email:
Linklaters Business Services

Work Department

Corporate.

Position

Owen leads one of the firm’s fours corporate M&A groups in London and was co-head of Linklaters’ energy sector for seven years. Owen has a broad practice including corporate finance, public and private mergers and acquisitions, joint ventures, demergers and issues of compliance and corporate governance. Owen manages the firm’s relationship with Centrica, Britvic, Mitie Group, Genel Energy and Arcadia. Over the years, Owen has done a lot of work for the firm’s largest corporate clients, including BP, BAE Systems, Glencore and Anglo American. Experience includes acting for Glencore in relation to its acquisition of shares in Rosneft, acting for Sir Philip Green in relation to the sale and settlement of the BHS pensions dispute with the Pensions Regulator, acting for Home Retail Group in relation to its takeover by J Sainsbury, acting for Britvic on its successful defence against a proposed takeover by AG Barr, advising BAE Systems in relation to the formation and restructuring of the MBDA joint venture, advising Korean National Oil Corporation on its successful hostile takeover of Dana Petroleum, advising Centrica on its £2.2 bn rights issue to fund the formation of its nuclear joint venture with EDF and advising BP in relation to the takeover of Burmah Castrol and the sale of Innovene to Ineos.

Career

Articled clerk Linklaters 1991-93; assistant solicitor 1993-2000; secondment to Moscow 1996-98; partner London 2000.

Education

Bristol University (1989 LLB).


London: Corporate and commercial

M&A: upper mid-market and premium deals, £250m+

Within: M&A: upper mid-market and premium deals, £250m+

The ‘exceptional’, ‘pragmatic and service-oriented’ Linklaters LLP practice provides ‘excellent legal advice’ and ‘very good levels of service, both on buy side and sell side assignments’. The team is known for its strength in public M&A, and its expertise in complex work such as reverse takeovers and demergers. Clients describe its responsiveness, business acumen, strength in depth and value for money as ‘excellent’. Financial services, high-end retail, technology and telecoms are key sector strengths; the department is also noted for its experience in the mining sector. Global head of corporate Aedamar Comiskey led the advice to Amec Foster Wheeler on its recommended all-share acquisition by competitor John Wood Group. The ‘extremely supportive, practical and commercial’ Simon Branigan led the team on AIB’s €12bn reprivatisation and IPO on the London and Irish stock exchanges. Iain Fenn (has a ‘commercial focus’ and a ‘commitment to getting the deal done’) is advising Old Mutual in a complex arrangement for a demerger into two entities. Other highlights have seen firm senior partner and global chairman Charles Jacobs handle Glencore’s £2.5bn sale of a 40% stake in its agricultural business, Iain Wagstaff act for Three on its £300m acquisition of UK Broadband and the ‘very client oriented and pragmatic’ Sarah Wiggins advising Benckitt Benckiser Group on its acquisition of Mead Johnson Nutrition, with total enterprise value of $17.9bn. Also recommended are corporate group leader Owen Clay , who is ‘friendly and responsive’ and ‘is good at dealing with challenging clients and situations’ and William Buckley  who is ‘good at leveraging the capability of the firm’.  Fionnghuala Griggs and Kanyaka Ramamurthi  were both promoted to partnership, while Stuart Boyd moved to Kirkland & Ellis International LLP.

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