International business reorganisations in London

Baker McKenzie

Baker McKenzie‘s London corporate reorganisations practice focuses exclusively on reorganisation transactions and projects, acting for a high-profile client roster including GSK, McDonald’s and Fedex. The firm fields a group of dedicated practitioners led by the highly regarded Kirsty Wilson, who also leads the firm’s global reorganisations group. Other key names include Emily Carlisle, who recently advised Sony on the sale of its stake in talent and production company Syco, and Jo Hewitt, who is experienced in post-acquisition integrations and subsidiary governance issues. Further areas of expertise for the practice include pre-transaction separation projects, holding company and group structure reorganisations, and internal supply chain reorganisations.

Practice head(s):

Kirsty Wilson

Other key lawyers:

Emily Carlisle; Jo Hewitt; Laura Fisher

Testimonials

‘The Baker McKenzie international business reorganisations practice is unique in its integrated global reach and capabilities. This is in keeping with Baker McKenzie’s characteristic global, present-everywhere-you-are nature. This global orientation provides a cross-jurisdictional expertise that is valuable for global reorganisations and which is unique among law firms. The team has vast experience with cross-border reorganisations for global entities, and is adept at recognising connections and impacts in different countries arising from global reorganisation exercises, in both the legal and functional realms.’

Key clients

Emerson Electric Co.

Equinix, Inc.

Fedex Corporation

GSK

McDonald’s Corporation

Tapestry, Inc.

Accenture

Sony Corporation

Work highlights

  • Advised Equinix Inc., the global interconnection and data centre company, on its second $1bn joint venture with GIC, Singapore’s global wealth fund, to develop and operate xScaleTM data centres in Japan.
  • Advised Sony on the agreement for Simon Cowell to acquire Sony Music Entertainment’s stake in the global joint venture talent and production company (Syco), which owned TV super-formats Got Talent and The X Factor.
  • Advised KKR in connection with a $4.3bn investment deal in multinational cosmetics and beauty company Coty Inc, in which KKR acquired a 60% interest in Coty’s professional beauty and retail haircare businesses.

Ernst & Young LLP

Ernst & Young LLP fields an international business reorganisations team that handles the full spectrum of reorganisation mandates including intra-group reorganisations, integrations, carve-outs, operating model changes, entity rationalisations, pre- and post-deal restructurings and business transformations. The practice is split across four categories: legal entity rationalisations, core structuring work, governance issues and transformations, and deal structuring mandates. Craig Stevenson heads up the department and leverages his previous experience in various Asian markets to handle global matters. Associate partners Sarah Holmes and James Menzies also contribute to the practice, along with associate partner Terence Devane, who recently advised Honeywell on its global reorganisation. At director level, Anisa Hanif is active in deal structuring, governance and transformation work.

Practice head(s):

Craig Stevenson

Other key lawyers:

Sarah Holmes; James Menzies; Terence Devane; Anisa Hanif

Testimonials

‘The strength of the team was its range of talent. The project was unique and the team brought skills in different areas. They had a strong appreciation of the brief and the need to work with the direct client and with all stakeholders. They were skilled in all relevant areas and operated in a consulting style that worked well.’

‘Strong technical knowledge, very available teams, good interface with other firms.’

‘Worked well with various functions internally, gave advice to fit our situation beyond just the legal function.’

‘At an individual level, experts from EY are always well-qualified for the task because of the size of the firm. EY have the manpower and their consultants always made themselves available to the client when a subject comes-up. Even in the early stage of the pandemic, EY’s staff were not disorganised and were able to anticipate all the problems and dealt with them accordingly.’

‘I think the standout aspects were diversity and commitment to the project. The team showed great commitment to deadlines and great patience. They were creative in finding solutions and in managing the diverse interests and demands. They displayed a calm approach and overall friendliness. They lacked arrogance and pomposity – really good to work with.’

Key clients

Business Banking Resolution Service

Envision Energy

Honeywell

Mezqual

MSD (formerly known as Merck Sharp & Dohme)

Reckitt Benckiser

Thermo Fisher

Trainline plc

Ventient Energy Limited

Work highlights

  • Advised Reckitt Benckiser plc on the £12bn merger of its Spanish and UK holding companies for its health business, implemented by way of one of the last cross-border mergers in the UK under the European cross-border merger regime.
  • Advised on the establishment of the new independent dispute resolution vehicle funded by seven international banks, Business Banking Resolution Service, including handling the design and implementation of the operational and legal functions of BBRS.
  • Advised Trainline plc on a post-IPO group reorganisation which was being undertaken to rationalise intra-group debt and prepare surplus entities for liquidation.

PwC LLP

Under the joint leadership of the 'commercial, pragmatic and always available' Georgie Blyth and Cynthia Chan, who provides 'innovative, technically robust and practical solutions', PwC LLP's dedicated international business reorganisations department handles complex multi-jurisdictional projects for a high-profile client roster, which includes BP, Tesco and Fujitsu. The group's work encompasses pre-deal carve outs, post-deal integrations, restructurings, supply chain transformations, cash repatriation issues and business transfers. Kevin King is the key contact for financial services clients, Tom Lewis focuses on the pharmaceuticals and life sciences sectors, Keith Bottomley specialises in energy-related mandates, and Latika Sharma leads the IP and operating model element of the practice. Laura Freestone is also recommended for entity simplification projects, while senior corporate lawyer Harry Wilkins focuses on pre-deal carve-outs and post-deal integrations.

Practice head(s):

Georgie Blyth; Cynthia Chan

Other key lawyers:

Kevin King; Tom Lewis; Keith Bottomley; Latika Sharma; Laura Freestone; Harry Wilkins

Testimonials

‘The PwC international business reorganisation team have incredibly strong technical and communication skills. Given their close relationship with PwC tax, the team have a unique ability to interpret and understand the issues and priorities that drive our approach to complex reorganisations.’

‘Georgie Blyth – commercial, pragmatic and always available. Stands shoulder to shoulder with us.’

‘Cynthia Chan, in particular, has been an invaluable support over the past year, helping us view issues in a different way and suggesting innovative but technically robust and practical solutions. This diverse way of thinking is also evident in the broader teams that Cynthia brings to our projects.’

‘The Business Reorganisations team has a strong client list, which is unsurprising based on the pragmatic and client-centric approach they take to reorganisations. They are exceptional at co-ordinating multiple jurisdiction transactions to take pressure off the client by providing a single point of contact for numerous law firms in different jurisdictions.’

‘Kevin King is technically strong, approachable and willing to go the extra mile.’

‘Tom Lewis is excellent in taking the time to ensure that projects run smoothly and in line with expectations. Exceptionally personable and knowledgeable, always looking for ways to find a solution and nothing is ever too much trouble.’

‘We worked together with PwC for many months on a global cross-border transaction. What stood really out was the great responsiveness of the whole PwC team. In particular the PwC colleagues from London were extremely fast and responsive and could resolve issues within days. Further, the proactive way in which they addressed legal issues from the beginning was really appreciated.’

‘Georgie Blyth has exceptional technical knowledge and uses that skillset to understand and suggest solutions in jurisdictions beyond his own. A personable partner who makes himself available both for clients and his strong team.’

Key clients

Aveva Group plc

Axel Springer SE

BP Plc

British Business Bank

Elanco Animal Health Incorporated

Fujitsu Limited

Hyve Group Plc

LGC Science Group Holdings Limited

Merlin Entertainments Limited

Pentland Group

Reckitt Benckiser Plc

Resideo Technologies Inc.

The Blackstone Group

Tesco Plc

Melrose Industries plc

The Mott MacDonald Group

Suntory Beverage & Food Europe

Work highlights

  • Acting for BP across a range of corporate transactions.
  • Advising Elanco in connection with its separation from Eli Lilly and Company, and its related structural rationalisation driven by recent acquisitions.
  • Advised the Blackstone Group on the start of a corporate simplification programme involving the unwind of several legacy portfolio structures, including the wind-up of part of the Carbon Holdings group.

Allen & Overy LLP

At Allen & Overy LLP, the global reorganisations group focuses on multi-jurisdictional, complex M&A including carve outs, spin offs, post-acquisition integrations, joint ventures, redomiciliations and international reorganisations. The cross-departmental practice draws on expertise from across the firm and benefits from A&O's wider global network when advising on cross-border mandates; it recently assisted WPP with a pre-sale reorganisation covering 90 jurisdictions. Gillian Holgate and counsel Rakesh Rathod jointly lead the team.

Practice head(s):

Gillian Holgate; Rakesh Rathod

Testimonials

‘Great focus and reliability – excellent knowledge of particular issues.’

‘At the risk of sounding like flattery, I must admit that working with Rakesh Rathod and his team was one of the best legal experiences I ever had. I worked with Rakesh on what was probably the most complicated project during my in-house career and it was simply great working with this team. It was smooth sailing along: proactive, on top of things, exceedingly well managed and potential issues were raised in advance. All of this in circumstances that were challenging to say the least.’

‘Excellent lawyers, down to earth, pragmatic and efficient.’

‘They work 24/7, their knowledge and ability to collaborate with all departments in a company is very helpful. I’ve worked with Gillian Holgate and her team in the past. I have peace of mind knowing that Gillian and her team are leading the transaction. There is no doubt or worry that anything in the process will be missed when we work with Gillian and her team.’

‘Rakesh Rathod is an excellent lawyer. He is quick, pragmatic and business oriented. He is very adaptable and extremely efficient. Our company has been working with him for 10 years and we have been always very pleased with his work and advice.’

‘They have done many 60+ jurisdiction reorgs and so even the team in London have a good sense of where issues might crop up globally. Really good network of foreign offices and partner firms – much better than some of their competitors.’

Key clients

WPP

Pennon

Eurobank

TP ICAP

Exponent Private Equity and Moonpig/Photobox

Quintet Private Bank

OLX Group

TE Connectivity

nVent

CBRE

Work highlights

  • Advised WPP plc on the $3.1bn carve-out sale of a majority interest in Kantarto Bain Capital and related pre-sale reorganisation covering 90 jurisdictions.
  • Advised Eurobank on its transformational plan including merger, NPL securitisation and hive-down.
  • Advised TP ICAP on its redomicile to Jersey by way of introducing a new Jersey holding company through a UK scheme of arrangement.

Deloitte Legal

The dedicated corporate reorganisations practice at Deloitte Legal advises clients on domestic and global intra-group reorganisations, with expertise across group structure simplifications, pre- and post-merger structurings, cross-border corporate transactions, asset transfers and national and regional hub establishments. Group head Rachel Hossack is the key contact for post-merger integrations and is praised by clients as 'clearly able to adapt quickly to evolving situations'. Clients also single out director Nirosha Perera and managing associate Jesika Patel, who are 'outstanding as a team'.

Practice head(s):

Rachel Hossack

Other key lawyers:

Nirosha Perera; Jesika Patel

Testimonials

‘In terms of my interaction with the team it was evident that there is frequently work and collaboration alongside their colleagues in tax, accounting and other specialisms to bring holistic and solutions to clients. This included across different jurisdictions. The speed at which challenges faced were resolved was also impressive and was evidence of how coordinated the internal teams at Deloitte can be.’

‘Rachel Hossack was our key contact and she was very approachable and was clearly able to adapt quickly to an evolving situation and pull in the necessary resource required to meet a very tight deadline. It was clear that Rachel was experienced in the area of need we had as she was able to demonstrate what we needed to do and how to achieve it in a time effective fashion.’

‘The Deloitte global network and its people make it unique. The network is unique in comparison to most law firms in that it is integrated in a way that law firms just don’t manage. The Deloitte partners/associates are very bright and take the time to understand the business as well as the minute parts of a transaction. Deloitte have picked up on available options that others have not. Deloitte appears to be a meritocracy as the work ethic/attitude/capabilities of its people are consistently high.’

‘Nirosha Perera and Jesika Patel were outstanding as a team in their continuous support for the project and were key in making sure all stakeholders were involved and informed, which ensured all deliverables were executed as per plan. I would highly recommend both Nirosha and Jesika’s work.’

‘I have worked closely with this team on two separate occasions and have been delighted with the outcomes. The team were excellent communicators, pragmatic and results focused. In the end, the project delivered on time and to budget.’

‘The senior team member that I dealt with has extensive experience and worked closely together with their colleagues to cover all the relevant functions. Rachel Hossack could always be relied upon to ensure that we got good outcomes in all situations and was a real pleasure to work with.’

Key clients

Oceaneering International, Inc.

VMware, Inc.

Zimmer Biomet Inc.

Lippert

Nikon Europe

Milliken

BT

Anwins Global Risk

Work highlights

  • Acted for VMware, Inc . on three global post-merger integrations following acquisitions of Pivotal Software (valued at $2.7bn), Lastline and Datrium.
  • Advised Nikon Europe on the cross-border merger of the English business operated by Nikon Europe Limited into its Dutch parent company.
  • Assisted Lippert with an intra-group reorganisation as part of a much larger transaction.

DLA Piper

Ben Forgiel-Jenkins leads the international business reorganisations group at DLA Piper, which leverages the firm's global network to handle a broad range of cross-border transactions. The group's cross-departmental approach also utilises the firm's legal project management function and works closely with the firm's global M&A practice to advise on post-acquisition integrations and pre-transaction restructurings, carve-outs, spin-offs, legal entity rationalisations, regulatory-focused reorganisations and supply chain optimisations. Corporate partner Jon Hayes regularly contributes to the practice, along with counsel Stan Stewart, Leeds-based legal director Paul Routledge and newly promoted senior associate Clare McLaren.

Practice head(s):

Ben Forgiel-Jenkins

Other key lawyers:

Jon Hayes; Stan Stewart; Paul Routledge; Clare McLaren

Testimonials

‘The team can be relied on to support the entirety of a project; they do not focus only on the ‘big ticket’ or substantive part of a transaction. Rather, they do that, but also ensure that all smaller aspects are addressed and all loose ends tied up. So they can be used as a sole legal partner – as opposed to a firm which focuses purely on substantial transactions.’

‘ It is invaluable to have a law firm that will help you with an entire transaction (as well as non transactional matters), that will make your life easier by coordinating overseas advice and that gives you confidence that you are being advised by technically able as well as experienced lawyers.’

‘DLA lawyers think around the topics and provide holistic advice. They do not narrowly answer the question set, but will ensure that they have explored the broader topic before advising. They seek to tailor it in a practical, usable manner.’

Key clients

General Electric Company

Howmet Aerospace

Work highlights

  • Advised GE on all aspects of the pre-completion reorganisation and carve-out undertaken in connection with its $21bn disposal of its biopharma business to Danaher Corporation.
  • Advised GE on a pre-completion reorganisation in the context of GE’s sale of its lighting business to Savant Systems, Inc., creating GE Lighting, a Savant company.
  • Advising on the multi-jurisdictional group reorganisation and separation of Arconic Inc. into two separate NYSE-listed companies, Howmet Aerospace Inc. and Arconic Corporation, and their respective groups.

KPMG Law in the United Kingdom

The deals and structuring team at KPMG Law in the United Kingdom is regularly involved in complex, high-profile mandates, acting for a range of national and international clients. In a recent highlight, the team handled the demerger of the PhotoBox and Moonpig businesses and the subsequent restructuring of the Moonpig group prior to its IPO. The practice also utilises the firm’s wider professional services capabilities and additional bespoke technology tools to assist clients with the full spectrum of mandates. Richard Lewis and Peter Workman lead the team, which also includes Kate Eades, Tanvir Dhanoa and Paul Kelly, who is based in Manchester.

Practice head(s):

Richard Lewis; Peter Workman

Other key lawyers:

Kate Eades; Tanvir Dhanoa; Paul Kelly; Richard Needham

Testimonials

‘Billing is best in class.’

‘Richard Lewis – very personable. Delivers.’

‘Tanvir Dhanoa – very personable, very commercial, excellent at legal project management as well as the law.’

‘Richard Needham demonstrated an intrinsic and deep level of understanding of reorganisation projects, as well as an admirable ability to understand the industry-specific aspects of our programme.’

Key clients

INEOS Group

Moonpig Group

JTEKT Europe

Aegion Corporation

Synetiq Group

GlobalData plc

INOVYN Group

Work highlights

  • Advising Moonpig Group (owned by Exponent Private Equity) on the demerger of the PhotoBox and Moonpig businesses and subsequent restructure of the Moonpig group to prepare it for its impending IPO to establish a premium listing on the London Stock Exchange.
  • Acting for INEOS Group on a significant cross-border group simplification and reorganisation project designed to achieve a sizeable reduction in the number of group entities to streamline the group and drive efficiencies.
  • Advised JTEKT Europe on the acquisition of Swansea-based KSR Electronic Systems Limited out of administration.

Eversheds Sutherland (International) LLP

In Eversheds Sutherland (International) LLP's corporate reorganisations group, Amanda Partland in Leeds and legal director Nicola Evans in London jointly head up the group, which also includes Antony Walsh, who is a key contact for clients in the industrial and technology sectors. The practice leverages the firm's global footprint to handle the full range of international mandates; in a recent highlight, the team advised G4S on the corporate reorganisation of its global cash businesses.

Practice head(s):

Amanda Partland; Nicola Evans

Other key lawyers:

Antony Walsh

Testimonials

‘Results focused, the team managed multi-jurisdictional matters, including remote signings, to meet a tight deadline for an entity reorganisation across multiple jurisdictions.’

‘Nicola Evans was immediately responsive and handled the co-ordination of several advisers to achieve our goal.’

Work highlights

  • Advised G4S plc on the corporate reorganisation of its global cash businesses.
  • Advised longstanding client Owens & Minor on the sale of its European logistics business, Movianto, to EHDH Holding Group, one of Europe’s leading providers of healthcare logistics.

Slaughter and May

The cross-departmental approach of Slaughter and May draws on expertise in the firm's corporate and commercial practice as well as utilising practitioners in the firm's finance, tax, IP and employment teams to handle a wide range of corporate transactions and global restructurings. Key contacts include Roland Turnill and Andy Ryde.

Other key lawyers:

Roland Turnill; Andy Ryde