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Bruce Embley – Clifford Chance LLP

Firms in the Spotlight M&A: Upper Mid-Market And Premium Deals, £750m+

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M&A: Upper Mid-Market And Premium Deals, £750m+ in London

Clifford Chance LLP

Counting FTSE 350 and Fortune 500 companies among its clients, the team at Clifford Chance LLP, described as responsive, diligent, calm and commercial’, regularly advises on takeovers, acquisitions and divestments. Drawing upon a deep bench of seasoned corporate lawyers, the practice assists clients across the healthcare, media, telecoms, oil and gas and banking sectors, in domestic and international matters. The team is jointly chaired by Melissa Fogarty and Nigel Wellings. A mix of blue-chip corporates, tech companies and financial services providers turn to Fogarty for her capabilities on a broad range of matters, while Wellings stands out for his expertise in the financial sector. Katherine Moir is noted for her specialism in complex cross-border public and private M&A, and David Pudge maintains a busy practice, advising clients on M&A, corporate governance issues, stock exchange matters and public takeovers. A host of corporates, investment banks and financial institutions turn to David Pudge for his expertise in public and private M&A, capital raisings and IPOs. Other notable individuals include  James Bole and Gareth Camp, who specialises in public bids, private acquisitions and disposals.

Practice head(s):

Melissa Fogarty; Nigel Wellings


Other key lawyers:

Katherine Moir; Steven Fox; David Pudge; Gareth Camp; Nick Spurrell; James Bole; Dominic Ross; Caoimhín Eastwood; Robert Crothers; Alanna Hunter; Richard Crosby; Nicholas Rees


Testimonials

‘Without exception, members of the Clifford Chance M&A team were responsive, diligent, calm and commercial in their approach, notwithstanding a series of seemingly impossibly-tight external deadlines. They routinely overdelivered on every aspect of the deal on which they had any input.’

‘David Pudge is outstanding in his leadership of his firm’s team and his engagement with our business throughout the transaction, reflecting the investment of time he had made to understand the business over many years prior to the transaction, the depth of his M&A experience, and his peerless commitment to the delivery of advice.’

‘A great team to work with. They have depth of knowledge and talent; bring enthusiasm and energy to the deals and a commercial objective eye which helps us to get transactions done.’

‘Stephen Fox – outstanding, pragmatic, commercial focus. Great to have in the board room, when the big discussions and decisions are being made. Katherine Moir – unflappable with great public market expertise.’

‘Probably the most innovative corporate team we deal with across all firms with a high degree of client attention and responsiveness and a solutions driven mentality.’

‘Steven Fox is the consummate corporate legal adviser; always thoughtful and highly responsive. A pleasure to deal with over the last two decades.’

‘David Pudge is highly experienced and forthright in his advice on key matters helping guide positive outcomes.’

‘Fantastic M&A team which can handle large and complex deals. Their presence across jurisdictions is really helpful in large international deals.’

Key clients

WestRock Company


HSBC


Citibank N.A


Harbour Energy


Informa


Unilever


Entain


Standard Chartered


CK Asset Holdings


Schibsted ASA


Devro


Generali


Link Fund Solutions Limited


Vanquis Banking Group


La Francaise Des Jeux


EPPF Services SA (NowCM)


Admiral


Work highlights


  • Advising WestRock Company on its combination with Smurfit Kappa.
  • Advised Schibsted, the international listed media group, in connection with a voluntary tender offer led by a consortium of financial investors (including Permira and Blackstone) aiming to acquire all outstanding ordinary Class A shares in Adevinta.
  • Advising Harbour Energy on the acquisition of a portfolio of assets belonging to natural gas and oil company Wintershall Dea from BASF and LetterOne.

Linklaters LLP

Confirming its status as a market-leading outfit for high-value M&A, the team at Linklaters LLP demonstrates extensive expertise in handling the full gamut of corporate work, advising buyers, sellers and financial advisers on public takeovers, carve-outs, joint ventures, and corporate restructurings. Leveraging the expertise of specialist groups in tax, antitrust, employment, and technology, the ‘technically excellent, commercial, and pragmatic’ team is renowned for its ability to manage multi-billion pound, cross-border transactions. Corporate division head Simon Branigan routinely handles transactions in the mining, retail and consumer, oil and gas and financial services sectors, while Aedamar Comiskey, senior partner and chair, continues to act on big-ticket public and private M&A. Elsewhere in the team, James Inglis focuses on public and private M&A, capital raisings and corporate governance advisory work, and Aisling Zarraga maintains a busy practice, leading on some of the largest M&A and joint venture transactions in the market. Other key figures include Fionnghuala Griggs, a specialist in the fintech sector; Ian Hunter, who has specialist knowledge in UK Takeover Code-governed transactions; and Derek Tong, global head of the technology group. Dan Schuster-Woldan left to join Paul, Weiss, Rifkind, Wharton & Garrison LLP in February 2024.

Practice head(s):

Simon Branigan


Other key lawyers:

Aedamar Comiskey; Aisling Zarraga; Dan Schuster-Woldan; David Martin; Tracey Lochhead; Ian Hunter; James Inglis; Derek Tong; Fionnghuala Griggs; Michael Honan; Charles Turner; Namrata Shah; Iain Fenn; Jane Cai


Testimonials

‘The service offering is excellent, clear advice however complex the query.’

‘Iain Fenn is our client partner and lead on corporate matters. He is a true expert in his field, very engaged and supportive. He will always offer a clear opinion on a course of action and has strong credibility with our board as a result.’

‘Extremely high quality team, technically excellent, commercial and pragmatic. My go-to lawyers and trusted advisers. James Inglis and Jane Cai provide excellent service, backed up by a strong associate team.’

‘James Inglis is a market-leading expert on M&A and governance issues, as well as being a long-time adviser and part of our institutional knowledge base. Our go-to person for difficult issues or larger more complex matters.’

Key clients

Tate & Lyle


Mondi


KPMG


CK Hutchison


Thermo Fisher


Unilever


National Grid


AXA


Phoenix


Greene King


HSBC


PWC


Sainsburys


Vodafone


Jardine Matheson


Sony


Macquarie


Diageo


Capita


Cerberus


Yum!


EY


Nestle


Work highlights


Slaughter and May

Slaughter and May retains a prominent position in the London market, advising a prolific roster of listed companies on M&A, with one client declaring the practice ‘market-leading in terms of public company work.’ Praised for its ‘great depth and experience‘, the practice operates across a host of sectors including TMT, healthcare, construction, oil and gas, and insurance on domestic and cross-border matters. The practice is jointly steered by public and private M&A partners Richard Smith, who continues to lead on high-profile transactions, and Simon Nicholls, who is lauded for his ability to combine ‘deep technical knowledge and expertise with pragmatic judgment. Roland Turnill regularly assists clients on  public and private M&A, joint ventures, activism defence, governance and crisis management matters, while Rebecca Cousin stands out for her experience in the tech and IP sectors. Both Robert Innes and David Johnson are noted for for their broad corporate practices, handling public takeovers, joint ventures and equity financings. Described as ‘very responsive and pragmatic’, James Cook has particular expertise in advising large listed and private companies on corporate governance matters, and Paul Dickson continues to act on market leading public M&A transactions. A mix of UK and US-listed and large private corporates, PE houses and hedge funds turn to Sally Wokes, while Victoria MacDuff is recommended for her experience in the financial services and telecoms sectors. Steve Cooke has left the firm.

Practice head(s):

Richard Smith; Simon Nicholls


Other key lawyers:

Rebecca Cousin; Roland Turnill; Paul Dickson; Sally Wokes; Victoria MacDuff; Claire Jackson; Andrew Jolly; Robert Innes; James Cook; Harry Hecht; Alexander Dustan; David Johnson; Usman Sawar


Testimonials

‘The depth of experience is invaluable for developing tactics, understanding what the takeover panel will do, and giving our board confidence in the process.’

‘David Johnson’s experience on top end M&A deals is invaluable for developing strategies on our own transactions. He has an uncanny ability to distil the complexities of English takeover laws into a language that resonates with CEOs and directors. I wouldn’t contemplate doing a large M&A transaction in London without having David by my side.’

‘Alex Dustan has extraordinary energy and with experience beyond his years. Destined to be one of the City’s preeminent M&A lawyers.’

‘Team is market-leading in terms of public company work.’

‘We are hugely impressive by Paul Dickson and Alex Durstan; both leaders in their field.’

‘The firm has great depth and experience in the areas related to our business. If one associate has to step away, another steps in seamlessly.’

‘James Cook is lead on our transactions and he is very responsive and pragmatic and finds creative solutions to roadblocks.

‘Simon Nicholls is an immensely impressive thought leader, combining deep technical knowledge and expertise with pragmatic judgment. Hugely credible and authoritative in high pressure situations.’

Key clients

Allianz SE


Ascential plc


Aviva plc


John Wood Group plc


INEOS Enterprises


Coca-Cola Europacific Partners plc


LKQ Corp


Next plc


Pennon Group plc


Redrow plc


Sir Jim Ratcliffe and INEOS


The Restaurant Group plc


Vodafone plc


Young & Co.’s Brewery plc


Deutsche Bank


Work highlights


  • Advised Aviva plc on the acquisition of AIG Life Limited from Corebridge Financial, Inc., a quoted subsidiary of American International Group, Inc., for consideration of £460 million.
  • Acted for Vodafone Group Plc in relation to a combination of their UK telecommunication business with Three UK (Vodafone will own 51%, and CK Hutchison will own 49%, of the combined business).
  • Acted for Redrow in relation to a recommended all-share offer for the combination of Barratt Developments plc and Redrow, pursuant to which Barratt will acquire the entire issued and to be issued ordinary share capital of Redrow.

A&O Shearman

In May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman. With a strong pedigree in cross-border deals, the firm is supported by a vast network of offices across Europe, the Middle East, and the Asia-Pacific region. Operating across the TMT, energy and consumer goods sectors, the team regularly assists listed corporates in an array of matters including acquisitions, joint ventures, divestments, restructurings, risk management, carve outs and asset sales. Practice head Dominic Morris focuses on high-value corporate transactions for a host of blue-chip corporates. Paul Strecker, who is qualified to practice in England & Wales, New York, California and Hong Kong, joins the team post-merger, and is noted for experience acting on cross-border transactions. David Broadley is entrusted by UK plcs and international clients to assist with public and private M&A  in the financial services space. Seth Jones stands out for his expertise in advising on strategically important transactions, often involving public companies, while Claire Coppel‘s practice encompasses private and public M&A, equity capital markets transactions, corporate governance and shareholder activism. Other noteworthy individuals include Alex Tilley, praised for his ‘pragmatic advice’, and Nick Withers. Jeremy Parr has left the firm.

Practice head(s):

Dominic Morris; Paul Strecker


Other key lawyers:

Richard Browne; Seth Jones; Richard Evans; Matthew Appleton; John Geraghty; Duncan Bellamy; Claire Coppel; Alex Tilley; Annabelle Croker; David Broadley; Harsh Pais; Paul Strecker; Nick Withers; Maegen Morrison


Testimonials

‘Excellent bandwith and execution capabilities, as well as commercial advice.’

‘Dominic Morris and Alex Tilley – all over every element of transactions. Provide pragmatic advice and can always see the bigger picture.’

‘Great partner engagement. Good interaction between offices in Europe and overseas.’

Key clients

Marks & Spencer plc


Man Group plc


OpenText Inc


Imperial Brands plc


Sage plc


Liberty Global


Reckitt plc


Exponent


Brookfield


Castore


Liberty Global


Albemarle Corporation


Esso Italiana S.R.L


Fairfax Financial Holdings Limited


Digital Infrastructure Assets LLP


Houlihan Lokey


Institut Mérieux


Paramount Global


Fenway Sports Group


Vice Media Group


Anglo American


Work highlights


  • Advised AviLease on its acquisition of Standard Chartered’s (SCB) global aviation finance leasing business (Fastnet) for approximately USD3.6bn.
  • Advising Network International Holdings PLC (Network) on the recommended GBP2.2bn cash offer from BCP VI Neptune Bidco Holdings Limited (Bidco) to acquire the entire share capital of Network.
  • Advised Life Healthcare Group on the sale of 100% of Alliance Medical Group to entities owned by iCON Infrastructure Partners VI, L.P., a fund advised by iCON Infrastructure LLP (iCON) at an enterprise value of £910m.

Herbert Smith Freehills LLP

Drawing considerable praise from clients for its ‘pragmatic and commercial’ approach, the team at Herbert Smith Freehills LLP is turned to by a host of blue-chip companies, leading investment banks and sovereign wealth funds and listed companies. Practice head Gavin Davies is frequently engaged by clients operating in the tech, telecoms, financial services and industrial sectors. He is supported by James Palmer, who is noted for his focus on cross-border M&A involving the US and Europe, as well as Caroline Rae, who stands out for her experience in public takeovers. Stephen Wilkinson is recommended for his work on high-value corporate transactions and governance matters, while Heidi Gallagher – noted for her experience in corporate finance transactions – continues to act on a range of significant matters. Harriet Forrest is also recommended.

Practice head(s):

Gavin Davies


Other key lawyers:

Caroline Rae; Stephen Wilkinson; Mark Bardell; Alex Kay; James Palmer; Heidi Gallagher; Siddhartha Shukla; Harriet Forrest; Alan Montgomery; Shaun Williamson; Charles Steward; Mehdi Tedjani


Testimonials

‘The team at HSF delivers excellent work product time and again. Plus the both depth and breadth of their expertise ensures that they will have a resource available for just about every issue we approach them on.’

‘Alex Kay is very good. A pleasure to work with.’

‘Mark Bardell is exceptional all round. He has deep knowledge of all aspects of corporate law and has been able to assist with the mechanics of a UK takeover panel regulated deal as well as a corporate restructuring.’

‘Herbert Smith has an extremely strong M&A practice with a deep bench of lawyers who consistently demonstrate an understanding of every aspect of the deal process. They are knowledgeable, creative, and also highly responsive and accessible at all hours, always ready to meet the demands of the transaction.’

‘Mark Bardell and Gavin Davies are among the best lawyers we work with in any jurisdiction globally in terms of their insight, judgement and ability to get deals over the line. They not only provide us impeccable legal advice, but have an ability to understand and anticipate our commercial objectives, and then no matter how small or large, or complex the deal – delve down into the details and reach a resolution. ’

‘Mehdi Tedjani’s knowledge and advice is outstanding. His full continental and common law qualification and background gives him the ability to navigate easily in an international context.

‘The firm has a long established and expert investment funds practice, along with a well recognised corporate and M&A practice. The combination of both makes them an obvious choice for large M&A transactions in the investment fund sector.’

‘Nigel Farr is very experienced and well known in investment funds.’

Key clients

Abbott


Airtel Africa


Altice


AlTi Tiedemann Global


Altra Industrial Motion Corp.


Amsted Industries


Anglo American


Ardonagh Group


ArcelorMittal


Associated British Foods


Atlassian Corporation


AustralianSuper


Biotage


Blackstone


BP


British American Tobacco


British Land


Capital & Countries Properties


Cash Converters


CHP


ClearBank


Coca-Cola HBC


Comcast (formerly Sky)


Diageo


Easyjet


Elementis


Elliott


Ferrexpo


General Mills


GIC Infra Holdings Pte Ltd


Go-Ahead Group


Hammerson


Hipgnosis


Hiscox


Hotel Chocolat


Inchcape


Johnson Matthey


JP Morgan


JSW


Kin + Carta


Liberty Global


Link Group


Ma’aden


Man Group


Maurel & Prom


Mercuria Energy


Mitsubishi Corporation


Morgan Stanley


National Grid


Norlake Hospitality


OneWeb


Panmure Gordon


Pearson


Qatar Investment Authority


Reliance


RTW Biotech


Severn Trent Green Power Limited


Sinopec


Softbank


Spaldy Investments


Stagecoach


Stephens


Stonepeak


Sumitomo


Sustainable Development Capital


Synthomer plc


Telefónica


Tryg


Tullow Oil plc


The UNITE Group


UPL


Virgin Media O2


Waverton Investment Management


Weir Group


WHSmith


Wincanton


Work highlights


  • Advised AustralianSuper on its €1.5 billion subscription in Vantage Data Centers Europe, Middle East and Africa.
  • Advised The Ardonagh Group on the £1.2 billion merger between Markerstudy Group and Atlanta Group, Ardonagh’s personal lines broking business.
  • Advised Wincanton plc on several publicly contested takeover offers, namely the original cash offer from CEVA Logistics S.A. and on the subsequent competing cash offer from U.S. listed, GXO Logistics, Inc. valuing Wincanton at £960m and delivering a premium of more than 100% to Wincanton shareholders.

Latham & Watkins

Latham & Watkins fields a ‘very sharp and thoughtful’ team that is well-positioned to assist clients in all-manner of corporate transactions, particularly across the tech, pharmaceutical, healthcare, and leisure sectors. Praised for its ‘strength and depth at all levels‘, the group leverages its strong platform for international transactions and is increasingly active in regulated public company deals. Practice co-head Richard Butterwick  has a proven track record of working on complex, cross-border M&A, with a specific focus on Takeover Code law. Fellow co-chair Huw Thomas is noted for his experience advising on UK and international private equity and M&A transactions, joint ventures, and restructurings. Edward Barnett is a key port of call for global companies seeking assistance in complex M&A transactions, while Nick Cline engages in UK and international cross-border M&A, particularly in the energy, media, tech, and financial services sectors. A litany of multinational companies, financial investors and financial institutions turn to vice chair Sam Newhouse, who specialises in big-ticket, cross-border transactions across the UK, US, Africa and India. Farah O’Brien is recommended for her work with later stage growth-investors, sponsors and their portfolio companies.

Practice head(s):

Richard Butterwick; Huw Thomas


Other key lawyers:

Farah O’Brien; Doug Abernethy; Edward Barnett; Nick Cline; Robbie McLaren; Sam Newhouse; Hector Sants; James Innes; Koushik Prasad


Testimonials

‘A very sharp and thoughtful team, with really great, thoughtful partners. Able to give you the big picture, strategy and tactics, but also dive really deep to make sure the details are correct as well.’

‘Well-connected with each other, taking the burden off of me as the client to make sure the right person is aware of the right issue.’

‘Proactive, and constantly there when I need them.’

‘Standout partners are Nick Cline and Emily Cridland.’

‘They are super sharp and always available for me to call on them whatever the issue.’

‘Strength and depth at all levels.’

‘Strong technical skills, with the critical commercialism required.’

‘Highly responsive to all communication.’

Key clients

Abcam plc


Block M Shareholders (Lightsource bp)


Vivo Energy


Norsk Hydro ASA


Viasat, Inc.


Omnicom Group


Rapyd Financial Network


Shift4 Payments, Inc.


Lithia Motors, Inc.


CoStar Group, Inc.


Farfetch


Manchester United plc


PTT Exploration and Production Public Company Limited (PTTEP)


Patria Investments


Anglo American plc


HH Global


Ardagh Group


888 Holdings plc


BenevolentAI


Blue Co 22 (Chelsea FC)


DAZN


Darktrace plc


EIG


GlaxoSmithKline


London Stock Exchange


Norgine


Tullow Oil


Vertical Aerospace


Vodafone


Vitol


Work highlights


  • Advised Abcam plc on a definitive agreement pursuant to which Danaher Corporation will acquire all of the outstanding shares of Abcam for US$24 per share in cash.
  • Advised Omnicom on its Class 1 acquisition of Flywheel Digital for a net cash purchase price of approximately US$835 million.
  • Advised Vivo Energy on a transaction with Engen, combining their respective African businesses to create one of Africa’s largest energy distribution companies.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

With strong M&A and PE capabilities – anchored by a deep bench of advisers with extensive sector experience – Skadden, Arps, Slate, Meagher & Flom (UK) LLP is routinely instructed by blue chip corporations and financial sponsors across myriad sectors, including financial services, pharmaceutical, telecoms and insurance. The team excels in transatlantic corporate deals, boasting strong capabilities in cross-border M&A and US inbound transactions. Team leaders include Lorenzo Corte, who specialises in cross-border transactions, contested takeovers, de-SPAC transactions and corporate governance work; Katja Butler, a private equity specialist; and George Knighton, who offers significant expertise in M&A, private equity and restructuring transactions. Simon Toms is recommended for his experience advising on transactions involving public bids. Also noted for their broad practice is Denis Klimentchenko, who is involved in various high-profile transactions, and Sarah Knapp, who continues to assist on a range of transactions. Both Scott Hopkins and John Adebiyi have retired.

Practice head(s):

Lorenzo Corte; Katja Butler; George Knighton


Other key lawyers:

Simon Toms; Denis Klimentchenko; Ani Kusheva; Sarah Knapp; Robert Chaplin; Sandro de Bernardini; Patrick Tsitsaros; Anxin Hua


Key clients

Adevinta ASA


EG Group


Danaher Corp


Prada


Reward Gateway


RMG III


The founders of Markerstudy Group


TOM FORD International


Global Auto Holdings Limited


International Paper Company


Group Intact Financial Corporation


Pinnacle Pet Group


DSV A/S


Liberty Mutual Insurance


Poltronesofà S.p.A.


Archer-Daniels-Midland Company (ADM)


V Sports S.C.S.


Activision Blizzard


Work highlights


Cleary Gottlieb Steen & Hamilton

‘User-friendly, responsive and pragmatic’, Cleary Gottlieb Steen & Hamilton counts large multinational companies, financial institutions and asset managers among its clientele. The team is well-versed in M&A, joint ventures, disposals and entity formations, and enjoys success in high-profile cross-border matters. ‘High-quality, articulate and responsive‘,  Tihir Sarkar is well positioned to advise various corporates and sovereign wealth funds, especially in the context of emerging markets. He leads the team alongside Nick Rumsby, whose practice covers public and private M&A, reorganisations, joint ventures and demergers, listing rule work, and equity financings. The ‘exceptional’ Nallini Puri is sought out for her expertise in cross-border M&A and joint ventures.

Practice head(s):

Tihir Sarkar; Nick Rumsby


Other key lawyers:

Nallini Puri; Nick Rumsby; Ian Shawyer; Dan Tierney; Jim Ho; Jonathan Griggs; Chris Gollop


Testimonials

‘Nallini Puri has been an exceptional support for all of my work – she is extremely available, knows the risk profile and is very practical. ’

‘User-friendly, responsive and pragmatic, the CGSH team consistently deliver competent and timely advice.’

‘Tihir Sarkar and Polina Lyadnova: high-quality, articulate and responsive.’

Key clients

The Walt Disney Company


OpenText


Goldman Sachs


GSK plc


Cerberus


ENGIE


TPG


Warburg Pincus


Haleon plc


Veolia Environnement


Work highlights


  • Advised The Walt Disney Company in the $8.5bn joint venture with Reliance Industries, combining its Star India business with Reliance’s Viacom18 broadcasting and streaming assets.
  • Advised OpenText in its $6 billion recommended offer to acquire Micro Focus International PLC
  • Advised Edenred on its £1.15 billion acquisition, and the financing of its acquisition, of Reward Gateway.

CMS

Praised as ‘very responsive and commercial’, CMS is well-placed to advise on a range of deals, from local bolt-on acquisitions to bet-the-company transactions. With a comprehensive sector focus across energy, infrastructure, technology and private equity, the corporate practice is jointly led by Victoria Henry and Charles Currier. Henry specialises in corporatised real estate and fund formation, while Currier continues to lead on high-value and complex transactions in the energy sector. Louise Wallace is noted for her focus on the retail and consumer sector. Active in the retail, real estate, TMT, sports and hospitality sectors, James Parkes is also recommended.

Practice head(s):

Charles Currier; Victoria Henry


Other key lawyers:

Simon Morgan; Rob Willis; Valentina Santambrogio; Tom Jameson; Katie Nagy de Nagybaczon; Louise Wallace; Tom Page; Vitali Mainarovych; Emma Clark; Corinna Lee; Dipesh Santilale


Testimonials

‘Great team, very diverse and collaborative. The CMS team is effective and balanced in their approach with deep expertise.’

‘Dipesh Santilale is highly pragmatic and effective in negotiations, and very good at seeing the bigger picture.’

‘Corinna Lee is an incredibly safe pair of hands.’

‘Michael Carroll is tenacious and an energy expert.’

‘Very responsive and commercial; strong associates alongside partners who provide quality time. Honest feedback provided to client to ensure optimal outcome is achieved.’

‘Dipesh Santilale is extremely client focused and commercial. Corinna Lee is hardworking and delivers first-class outcomes for clients.’

Key clients

LondonMetric Property plc


J Sainsbury plc


Ahold| Delhaize


SSE, National Grid and Scottish Power


NatWest Group


Equinor


Accenture


Pendragon Plc


Brookfield Renewable


DV4 Limited


HICL


Instant Win Gaming Limited


DIF Capital Partners (DIF)


Infracapital and its portfolio company Gigaclear


Finsbury Food Group Plc


Management team of |FatFace


InfraRed Capital Partners


Corvinus International Investment Ltd.


Flagstone


FNZ


Work highlights


  • Advised LondonMetric Property plc, on its recommended £1.9bn all-share acquisition by way of a scheme of arrangement of closed-ended real estate investment company, LXi REIT plc.
  • Advised J Sainsbury plc (JS), on the buy-out of the balance of its £1.1bn reversion portfolio from, among others, Supermarket Income REIT plc (SIR).
  • Advised the only three UK electricity transmission network owners in the UK on the joint venture aspects of two UK new electricity cable projects of national significance in the context of the transition to net zero – National Grid and Scottish Power (EGL1) and National Grid and SSE (EGL2).

Macfarlanes LLP

Variously praised as ‘commercially focused’ and ‘excellent’, Macfarlanes LLP is frequently instructed by blue chip clients on high-value, cross border transactions. The team also attracts wide acclaim for its unique advice at the intersection of corporate and private client matters for wealthy individuals and families. Leading the team is Howard Corney, who undertakes a broad range of M&A work with a particular focus on private and cross-border M&A. He is supported by the ‘first class’ Justin Hope, whose practice covers all aspects of domestic and cross-border M&A transactions, including acquisitions, disposals, restructurings, and joint ventures. Harry Coghill is frequently instructed by listed clients on a wide range of corporate governance matters, including activism situations.

Practice head(s):

Howard Corney


Other key lawyers:

Harry Coghill; Justin Hope; Tom Rose


Testimonials

‘Very good partner attention and excellent legal advice.’

‘They take a view and get straight to the issue.’

‘Justin and his team are first-class and a pleasure to work with.’

‘Justin Hope is a pleasure to work with and truly knows how to run a deal smoothly from start to finish. ’

‘The Macfarlanes team is excellent. Their ability to read across to look at M&A across all aspects of the deal situation separates them from other firms. This enables them to link together aspects from other workstreams of advisors and principals exceptionally well. They are great to work with.’

‘The whole team on the M&A side are excellent from our experience. But in particular we would highlight Howard Corney who is absolutely first rate. He leads the team superbly and would be our go-to contact wherever possible.’

‘Commercially focused.’

Key clients

Allen & Overy


Investec


Hyve


Argus Media Group


Rocco Forte Hotels Limited


Capital One Financial Corporation


Omnicom Group Inc


Neptune Energy Group Limited (NEGL)


Superdry Plc


abrdn


Work highlights


  • Advised Investec on an all-share combination of Investec Wealth & Investment Limited and Rathbones Group plc to create a discretionary wealth manager with approximately £100 billion in funds under management and administration.
  • Advising Aermont Capital on the sale of an initial 50% stake to Keppel, a global asset manager and operator.
  • Advised the Argus Media Group on a strategic agreement to support its next phase of growth.

Simpson Thacher & Bartlett LLP

Drawing on the firm's wider expertise in private equity and banking among other sectors, Simpson Thacher & Bartlett LLP‘s wide-ranging practice covers the full gamut of corporate work, including corporate acquisitions, leveraged buyouts, investments, restructurings, exits and public-to-private transactions. The ‘highly skilled’ team is lauded for its cross-border transactional abilities, advising major European and US sponsor clients. Team head Ben Spiers maintains a busy practice, focusing on public and private M&A, securities and corporate restructurings. Elsewhere in the team, Adam Signy is routinely engaged by banks, private equity firms and corporate clients across a wide range of industries, while Clare Gaskell is noted for her experience advising high-profile clients and preeminent sponsors on the market’s most complex and significant deals. Other key figures include Amy Mahon, who co-heads the firm’s global infrastructure practice, and Lucy Gillett, who is recommended for her cross-border expertise.

Practice head(s):

Ben Spiers


Other key lawyers:

Geoffrey Bailhache; Clare Gaskell; James Howe; Amy Mahon; Lucy Gillett; Adam Signy; Christopher Vallance


Testimonials

‘Highly effective team in getting deals done, super responsive, very knowledgeable and commercial in their approach, very adept at complex, cross-border, large-scale deals.’

‘Highly skilled and totally client-focused, which means they understand their business and what is most important to their client’s success. Great communicators and able to connect on all levels.’

‘They consistently go the extra mile to get the job done.’

Key clients

Apax Partners


Apollo Global Management


Blackstone


Bridgepoint Group plc


Bruin Capital


Corsair Capital


CVC Capital Partners


EQT


H.I.G Capital


Hellman & Friedman


Kohlberg Kravis Roberts & Co.


LetterOne Investments


Lonestar


Melrose Industries PLC


Oakley Capital


Silver Lake


Software AG


Technology Crossover Ventures


TPIH Iberia S.L.U


Work highlights


  • Representing the affiliates of KKR in its recommended offer to acquire the entire issued and to be issued share capital of Smart Metering Systems plc.
  • Representing Silver Lake on its public takeover offer for all of the shares of Software Aktiengesellschaft.
  • Representing Blackstone Capital Partners on the acquisition of Civica from Partners Group.

Weil, Gotshal & Manges (London) LLP

Lauded for its 'exceptional level of partner involvement', Weil, Gotshal & Manges (London) LLP's experience spans public and private M&A, as well as hostile takeover defence strategies, corporate governance and equity capital markets work. The corporate practice is led by David Avery-Gee, who stands out for his expertise in the natural resources and energy sectors, advising on cross-border M&A, joint ventures and capital raisings. Michael Francies is a seasoned transactional lawyer, noted for his ability to advise on high-profile domestic and cross-border deals, while Murray Cox acts for listed companies on a wide range of matters, with a particular focus on the infrastructure space. Other notable individuals include Sarah Flaherty, a public company takeover specialist, and Simon Lyell, who earns praise for his ‘unparalleled dedication.’

Practice head(s):

David Avery-Gee


Other key lawyers:

Michael Francies; Murray Cox; Sarah Flaherty; Simon Lyell


Testimonials

‘Having worked with Weil extensively over the last year, I have to commend their exceptional level of partner involvement.’

‘I value Weil’s highly commercial approach to navigating complex issues.’

‘Working with Weil has been nothing short of seamless. The team’s ability to build strong relationships and effortlessly coordinate across various deals speaks volumes about their professionalism and dedication. They also leverage learnings from prior deals we worked on to ensure nothing gets lost between the cracks.’

‘One of the most impressive aspects of Weil’s practice is their extensive network of experts. They’re able to access a diverse range of specialists, even across different geographies, which proved invaluable in navigating complex legal challenges during our recent deal.’

‘What truly sets Weil apart is their commitment to finding the best solutions for their clients, even if it means collaborating with alternative specialist firms. Their willingness to go above and beyond to ensure the highest quality advice is a testament to their client-centric approach and dedication to excellence.’

‘I highly recommend Weil for their outstanding practice and unparalleled expertise.’

‘Simon Lyell has truly exceeded all expectations. Simon’s level of involvement and attention to detail throughout the transaction was nothing short of remarkable. Not only was he exceptionally hands-on, but he also displayed an unparalleled dedication to understanding every minute aspect of the deal.’

‘What truly sets Simon apart is his commercial acumen. He doesn’t just provide legal advice; he offers strategic insights that add immense value to the transaction. His ability to balance legal expertise with a keen understanding of business priorities is truly commendable.’

Key clients

Century Aluminum


Churchill Capital VII


Vitol


Whirlpool


Multimetco


Odessa Technologies


Glencore


Eutelsat


Sanofi


MGM Resorts


InPost


Howden


Cobham


Kantar


Algonquin Power & Utilities Corp


Harbour Energy


Work highlights


  • Advised on Viterra’s definitive agreement to merge with Bunge in a stock and cash transaction to create a $34 billion global agribusiness.
  • Advised Eutelsat and its board on the all-share combination of Eutelsat and OneWeb.
  • Advised Heron UK Bidco Limited on the recommended cash offer for London-listed Hyve Group plc.

Baker McKenzie

Noted for its ‘unrivalled global reach’, Baker McKenzie LLP fields a ‘very commercially minded’ team that is well-positioned to handle a range of high-value and multijurisdictional M&A transactions. The practice is jointly chaired by Jannan Crozier and David Scott. Crozier, ‘a very motivated and highly talented commercial lawyer’, regularly advises clients on cross-border M&A and carve-out transactions, while Scott is noted for his focus on the consumer, healthcare and tech sectors. The team has been bolstered by the arrival of Richard Needham, who joined from KPMG in November 2023. Former practice head Helen Bradley has retired.

Practice head(s):

Jannan Crozier; David Scott


Other key lawyers:

Melanie Howard; Ash Tiwari; Richard Needham; James Heller


Testimonials

‘Baker McKenzie has an unrivalled global reach with strong capabilities across all commercial practice areas. They are very commercially minded with a can-do attitude and willingness to go the extra mile whenever required.’

‘Jannan Crozier is a very motivated and highly talented commercial lawyer – always looking for creative ways to overcome challenges and satisfy her client’s goals.’

‘Very strong and capable at delivering on transnational M&A work with high complexity. Also, with great out of the box thinking in order to find solutions to problems.’

‘Highly skilled and motivated M&A team with a very good commercial understanding of the business of the industry sector of the client. Very professional and trustful cooperation.’

‘Available whenever needed, also on very short notice. The team works solution-oriented and always strives for the best solutions for the client. A pleasure to work with this team.’

‘James Heller and the other members of the M&A team are highly skilled and motivated lawyers and also have a very good commercial understanding of the business of the industry sector of the client. They are available whenever needed, also on short notice, and provide excellent solutions also under high time pressure and in very complex domestic and cross-border transactions.’

The collaboration with James Heller and the other members of the Baker McKenzie team is very professional and trustful. A pleasure to work with.’

‘They really care about us achieving our objectives, whatever they may be. They work tirelessly to help us achieve them.’

Key clients

ASOS


Aster/Affinity Holdings


Baker Hughes


BDT Capital


Bumble


Carlsberg


Chr. Hansen


Colt


DS Smith


Edwardian Hotels


Emerson Electric Co.


EQT


Fairfax Holdings


GSK


Haleon


Informa plc


McDonald’s


Natura &Co


New Mountain Capital


Olam International


Puig


Sandoz


Sika AG


S&P Global


Takeda


Unikmind Holdings


Walgreens Boots Alliance


Wilbur-Ellis


Unilever


ZCCM Investment Holdings plc


Work highlights


  • Advised Sika, the Swiss global construction chemicals group, on the successful EUR 5.3 billion acquisition of the Master Builder Construction Chemicals (MBCC) Group from Lone Star.
  • Acted as for Emerson Electric Co. on the carve-out and sale of the majority stake in its Climate Technologies business to private equity funds managed by Blackstone.
  • Advised Chr. Hansen, the Danish-based global bioscience company, in relation to the regulatory approvals, and resulting remedy divestment, required to enable the USD 12.3 billion merger of Chr. Hansen Holding A/S with Novozymes, A/S to complete.

Gibson, Dunn & Crutcher

Gibson, Dunn & Crutcher acts on behalf of some of the market’s most significant financial institutions, private equity funds, UK plcs and US conglomerates. Well-placed to handle cross-border and domestic M&A transactions, its considerable sector reach spans the infrastructure, financial services, tech, healthcare, life sciences, energy and real estate industries. Key figures include Wim De Vlieger and Federico Fruhbeck, who jointly head up the private equity group in Europe and stand out for their experience in strategic cross-border M&A. Other noteworthy individuals from the London team include Alison Beal, who focuses large-scale tech sector deals, and Mark Sperotto, who has wide-ranging experience in both the UK and Italian markets.

Practice head(s):

Robert Little; Saee Muzumdar


Other key lawyers:

Wim De Vlieger; Federico Fruhbeck; Mark Sperotto; Selina Sagayam; Alice Brogi; Amar Madhani; Alison Beal; Sarah Leiper-Jennings


Testimonials

‘Mark Sperotto is a star and makes the firm unique.’

‘Sarah Leiper-Jennings is fantastic.’

‘Mark Sperotto – availability; strong business and commercial orientation; impressive negotiation skills; and a no-nonsense style. He defends and protects his clients’ interest.’

Key clients

Solenis


Zensho Holdings Co.


ArcelorMittal


Brown-Forman Corporation


Gamma Biosciences


John Laing Group


AMCI Group


Argenta


Comply365


Frontier Biosolutions


Work highlights


Norton Rose Fulbright

Norton Rose Fulbright houses a ‘knowledgeable and hardworking’ team, noted for its ability to handle cross-border M&A transactions for clients across the financial services, technology, energy and healthcare sectors. The practice is chaired by Raj Karia, who has a wealth of experience advising companies and investment banks on M&A, joint ventures and restructuring transactions. Praised for his ‘very thorough, pragmatic and unflappable approach‘, Charez Golvala is noted for his focus on transactions in emerging markets. Paul Whitelock co-chairs the public M&A group and is recommended for his on public M&A and capital markets transactions, while Stephen Rigby earns praise for his ‘pragmatic advice and support.’

Practice head(s):

Raj Karia


Other key lawyers:

Paul Whitelock; Alan Bainbridge; Fiona Millington; Christopher Grieves; Stephen Rigby; Charez Golvala


Testimonials

‘A knowledgeable and hardworking team with a client-focussed approach. They spend time to understand the client’s business and industry sector and their advice has always been sensible and commercial.’

‘We have worked extensively with Charez Golvala whose very thorough, pragmatic and unflappable approach is highly appreciated by the client. Charez always makes himself available whenever necessary and it is clear that his team like working with him.

‘Very focused on having their eye on the ball and finding pragmatic solutions to complex issues. Not afraid of also leaning in on commercial aspects and providing advice on transaction aspects that are not strictly legal.

‘An absolute pleasure to work with. They take real ownership of deals and pushes things forward proactively and confidently. Could not wish for a better law firm.’

‘Excellent know-how on UK public takeovers given recent experience of the team at the Panel and other regulatory bodies.’

‘Particular call out for Paul Whitelock and Kit McCarthy on UK public takeovers (honorable mention to Nick Sirtoli and Fiona Millington).’

‘The team is fantastic – from top to bottom they are knowledgeable and supportive. They are genuinely warm and friendly, show real depth of expertise and are a pleasure to work with. I was particularly struck by the level of trust between partners and senior associates.’

‘Stephen Rigby is exceptional. He feels like an extension of our board – he knows our business inside out and is completely trusted by our directors to offer pragmatic advice and support.’

Key clients

AIG


Bank of Montreal


Barrick Gold


BHP Billiton


BMW


BP plc


Brookfield


CME Group


Delta Air Lines


HSBC


Lloyds Banking Group


Centamin


Orange SA


Rio Tinto


Santander


SNC-Lavalin Group


Teliasonera AB


Terra Firma Capital Partners


Vodafone


3M


Bombardier


DVB Bank


Modern Times Group (MTG)


Enerflex Ltd


BMO Financial Group


Equatorial Energia SA


Coca-Cola HBC


Kerry Group plc


Citi


Shell


Sandvik AB


Goldman Sachs & J.P. Morgan


B of A Securities


RBC Capital Markets


Investec


Charles Stanley Group plc


Restore plc


Good Energy


Public Investment Fund (PIF)


Work highlights


  • Advised Conning Holdings Limited and its shareholder, Cathay Life Insurance Co. on Conning’s acquisition by Generali Investment Holdings S.p.A. (GIH), the asset management arm of Italian insurer, Generali Group.
  • Advising Winning Consortium Simandou Infrastructure Pte Ltd on investment from Simfer / Rio Tinto of 34% in companies developing railway and port infrastructure to serve the Simandou iron ore mining operations in Guinea.
  • Advised Zain Group on joint venture arrangements with Ooredoo Q.P.S.C. (Ooredoo) and TASC Towers Holding to form a US$2.2bn independent tower company.

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is routinely instructed by blue-chip corporates, private equity firms and financial sponsors across a range of sectors, including healthcare, telecoms, financial services and retail. The team is noted for its focus on complex and high-profile transactions, operating on both a domestic and international scale. The practice is spearheaded by a talented team of partners including managing partner and co-head of the private equity group, Richard Pollack; Ben Perry, who specialises in cross-border M&A and private equity; and Jeremy Kutner, who maintains a busy practice, advising on public, private and cross-border M&A, joint ventures and restructurings for leading global companies, sovereign wealth funds, private equity funds and family offices.

Practice head(s):

Richard Pollack; Ben Perry; Jeremy Kutner


Other key lawyers:

Vanessa Blackmore; Oderisio de Vito Piscicelli; Anna Chirou; Priyanka Butani


Work highlights


White & Case LLP

Rated by clients for providing ‘first-class’ advice, White & Case LLP leverages its considerable global network to advice clients on a range of matters, including M&A, joint ventures and disposals. Operating across the energy and natural resources, mining and metals and pharmaceuticals sectors, the team is frequently engaged by multinationals, banks, financial sponsors, UK plcs and hedge funds. Practice head Alan Burke has an extensive track record in international and domestic mergers and acquisitions, disposals, joint ventures, reorganisations and restructurings. Patrick Sarch, who rejoins the team from Hogan Lovells International LLP, is a key port of call for boards of many UK and international listed companies, financial institutions, and investors. A ‘second to none partner‘, Hyder Jumabhoy, co-heads the financial services M&A practice, assisting with restructurings, disposals, joint ventures and business integrations.

Practice head(s):

Alan Burke


Other key lawyers:

Philip Broke; Patrick Sarch; Allan Taylor; Tom Matthews; Sonica Tolani; Hyder Jumabhoy; Ian Ivory; David Lewis; Richard Wilson; David Lewis


Testimonials

‘In a matter of days, David Lewis and his colleagues were up to speed on all aspects of the deal. They have consistently, and across the board delivered first class advice in a very collaborative, sophisticated, on time and content differentiated fashion.’

‘It is worth mentioning the negotiations were everything but linear. Nonetheless, the crew excelled at adapting its recommendations as the client’s objectives evolved, in a very methodical, well-balanced and articulate manner.’

‘From senior partners to associates there is a tremendous ethos, superior intellect and EQ, tactical mind, deal experience and an eye to spot and avoid pitfalls, as well as an enormous ability to process information.’

‘They provide honest, sophisticated, and timely advice.’

‘Very strong team for M&A and financial services. Breadth of experts in various fields that can be called upon to advise.’

‘Strong on collaboration, client communication, negotiation and legal expertise.’

‘Hyder Jumabhoy is a standout, second-to-none partner – extremely personable, practical, clear, responsive and always has a solution to any issue. Hyder operates on a strong client-service basis, always has time for you and applies top-level intellect to swiftly dissect any legal issue.’

Work highlights


Davis Polk & Wardwell LLP

Led by UK Takeover Code specialist Will Pearce, Davis Polk & Wardwell LLP‘s London team regularly advises on listings, takeovers and international public and private M&A. Turned to by a range of UK, US and international listed companies,as well as privately held companies and private equity firms, the team excels in complex, cross-border transactions. Pearce is supported by counsel Joseph Scrace, who possesses strong capabilities in Takeover Code work.

Practice head(s):

Will Pearce


Other key lawyers:

William Tong; Joseph Scrace; Gordon Milne


Key clients

Atairos


BDT & MSD Partners


Brookfield


Cadeler


Comcast Corporation


Cubic Telecom


Ferrero


Lucid


Lightyear Capital


MSCI


Natura &Co


Reliance Industries


Roche


SS&C Technologies


Temenos


Tencent


Viessmann Group


Work highlights


  • Advising Atairos on its investment in V Sports (the holding company for Aston Villa Football Club).
  • Advised MSCI on its acquisitions of Trove Research and Foxberry.
  • Advised Cubic Telecom on the €473 million investment in the company by SoftBank.

Hogan Lovells International LLP

Fielding a ‘very strong M&A team’, that goes the ‘extra mile’, Hogan Lovells International LLP is well-positioned to advise financial institutions and listed companies on corporate policies, M&A transactions of all types and sizes and ESG matters. Leading the team is John Connell, who assists clients across the financial institutions, insurance, fintech, and infrastructure sectors. Global co-head of the energy and natural resources sector group, Sarah Shaw, focuses on private equity and infrastructure funds on public takeovers, joint ventures, restructurings, acquisitions, and disposals, particularly in Africa. The ‘fantastic’ Anthony Doolittle has developed in-depth knowledge in the financial services, insurance, life sciences, and energy sectors. Patrick Sarch left the firm to join White & Case LLP.

Practice head(s):

John Connell


Other key lawyers:

Sarah Shaw; Nicola Evans; Tom Brassington; John Connell; Peter Watts; Jonathan Russell; Anthony Doolittle; Daniel Simons


Testimonials

‘We worked with a great team. Dan Simons is particularly knowledgeable in this area. He was readily available and extremely helpful. We always felt confident to rely on his advice.’

‘The team go the extra mile.’

‘Strong calibre of lawyers across all disciplines lawyers in supporting teams were well briefed on background and deal dynamics.’

‘Excellent technical legal knowledge and worked hard to find solutions to complex problems. Individuals take time to really understand our business. Great collaborators with the in-house legal team and business; able to explain difficult concepts with ease. ’

‘Very strong M&A team.’

‘Anthony Doolittle is fantastic.’

Key clients

Shaftesbury PLC


Smart Metering Systems plc


Goldman Sachs Asset Management


Marsh McLennan


Tetra Tech, Inc.


LetterOne


Infracapital


Bestway


Qatar Insurance Company


Enstar Group


NN Life


Tenet Group Limited


International Finance Corporation (IFC)


European Bank for Reconstruction and Development (EBRD)


Polish Development Fund S.A. (PFR)


Work highlights


  • Advised FTSE-250 listed Shaftesbury PLC and its Board on its recommended £5bn all-share merger with fellow FTSE-250 listed Capital & Counties Properties PLC.
  • Advising Smart Metering Systems plc on its recommended £1.3bn takeover offer by KKR.
  • Advising Marsh McLennan on the sale of Mercer’s U.S. health and benefits administration and UK pension administration businesses to Bain Capital Insurance.

Jones Day

Jones Day is frequently engaged by domestic and multinational companies on a host of matters, offering strong capabilities in M&A and venture capital, as well as UK public takeovers and private equity transactions. The team stands out for its expertise in cross-border transactions, with one client noting that ‘the global reach and knowledge base of the team is frankly unparalleled.’ The practice is jointly steered by Giles Elliott and Leon Ferera: Elliott is a key port of call for companies, sponsors and financial institutions, while Ferera handles a range of corporate transactions including M&A, joint ventures and public takeover offers.

Practice head(s):

Giles Elliott; Leon Ferera; Vica Irani


Other key lawyers:

William McDonald; Julian Runnicles; Mathis Bredimus; Faisal Delawalla


Testimonials

‘The global reach and knowledge base of the team is frankly unparalleled and it makes my life easy when I have something in a remote part of the world that requires legal advice.’

Vica Irani and Faisal Delawalla are my go-to M&A lawyers and their responsiveness at all hours of the day, deep understanding of our business and risk tolerances combined with their sound advice/guidance and business practicability makes them stand out among their competitors.’

‘They are also a pleasure to work and genuinely good people who understand my style and how things need to get done. I cannot say enough good things about this team and firm.’

‘A strong corporate team with transatlantic corporate gaming expertise.’

‘Leon Ferera – calm, assured, pragmatic and highly knowledgeable and experienced in relation to M&A in the gaming sector.  An absolute pleasure to deal with; gets the deal done.’

‘Available, quick to respond and proactive when required, to the point practical solutions based on in-depth knowledge and vast experience, able to provide full services in many jurisdictions at the same time no matter the time zone, very good understanding of needs of client and provision of practical advice on this basis.’

‘The individuals we work with are all very highly experienced, very competent with a good understanding of our historical past, our processes and issues. They are structured and pragmatic, coordinating and leading their teams effectively.’

Key clients

Sun Communities


Macquarie Asset Management


Berry Global Group


American Industrial Partners Capital Fund VI LP


Koch Industries


ANSYS, Inc.


Greystar Real Estate Partners, LLC


ENI


J.F. Lehman & Company


Eastman


FleetCor Technologies, Inc.


Avient Corporation


Work highlights


Milbank

Milbank‘s London corporate practice excels in European M&A and private equity, often managing transactions in aviation, energy, infrastructure, and growth equity. Turned to by FTSE 100 and Fortune 250 companies, financial institutions, infrastructure funds and energy companies, the London team is led by Lisa O’Neill and Andrej Wolf. O’Neill draws superlative praise for her ability to handle large-scale public and private M&A, divestitures, joint ventures, reorganisations and commercial contracts, while Wolf is noted for his expertise in the private equity arena.

Practice head(s):

Lisa O’Neill; Andrej Wolf


Other key lawyers:

Mark Stamp


Testimonials

‘Lisa O’Neill is by far the greatest M&A lawyer we have ever worked with.’

Key clients

Public Power Corporation S.A.


PK Airfinance


One Equity Partners


Dubai Aerospace Enterprise


Summit Partners


BC Partners


Work highlights


  • Advised Public Power Corporation S.A. in connection with the completion of its acquisition of all the equity interests held by Enel S.p.A. and its subsidiaries in Romania for a total consideration of approximately €1.24bn.
  • Advised PK Airfinance on its agreement to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered, with Apollo affiliates agreeing to purchase the balance of the portfolio.
  • Advised Eurobank S.A. in connection with the completion of the sale of its Serbian subsidiary, Eurobank Direktna, to AIK Banka a.d. Beograd. Eurobank Direktna was owned by Eurobank Holdings (70%) and former Direktna Banka shareholders (30%).

Paul Hastings LLP

Praised for its ‘strong technical support and advice’, the ‘proactive and pragmatic’ team at Paul Hastings LLP advises clients on the full spectrum of deals, including public and private M&A. The ‘outstanding’ practice head Matthew Poxon is sought out by clients in relation to M&A transactions, particularly concerning public companies. David Prowse is a key port of call for UAE-based institutions.

Practice head(s):

Matthew Poxon


Other key lawyers:

David Prowse


Testimonials

‘The team is always available, proactive and pragmatic.’

‘Very strong team that work to solve problems.’

‘Matthew Poxon is outstanding.’

‘A highly professional and dedicated team. Good internal communication meaning if one team member is unavailable, the wider team are up to speed, really useful for the client.’

‘Rapid in responses and provide a strong organisational capability, helping to manage multiple other advisers to ensure the transaction gets done.’

‘The culture is a can-do one. Where potential issues or potential blockers are identified, the team work together weith the client to proactively find solutions rapidly.’

‘The team share a high IQ but also EQ, ensuring both strong technical support and advice, but delivered in a way that makes it understandable for the client who may not have a legal background.’

‘The team are all incredibly responsive and knowledgeable. It is a very cohesive group and regardless of the individual contacted, the quality of service is always of the highest order.’

Key clients

City Football Group


PineBridge Benson Elliot


G42


Symphony Technology Group


The Shareholders of the Co-operative Bank


Cipriani Holdings


Heritage Group


Abercrombie & Kent


International Holding Company


The Bank of London


May River


Dexcom


Quintessential Brands


Work highlights


  • Advised Brillio on its acquisition of CloudStratex, a UK-based, cloud, advisory, and digital transformation company.
  • Advised The Bank of London on its equity raises, including acting on its behalf on its Series C investment valuing the bank in excess of $1 billion and on its recent interim and Series D round.
  • Advised SAI360, a portfolio company of STG Partners on their acquisition of Evotix, an environment, health, safety, and well-being software company.

Travers Smith LLP

Noted for its expertise across a range of sectors, including infrastructure, financial services, wealth management and technology, Travers Smith LLP is frequently involved in high-value matters, comprising public takeovers, group combinations, acquisitions and investments. Entrusted by FTSE 100 and FTSE 250 companies, private equity firms and financial sponsors, the practice is noted for its dedicated listed company advisory team. Key figures include joint practice heads Spencer Summerfield , who maintains a broad and busy practice; Adrian West, who is praised for his ‘deep equity capital market knowledge’; and Lucie Cawood, head of the firm’s private equity and financial sponsors group. Elsewhere in the team, Andrew Gillen routinely advises listed and larger private companies in relation to public and private M&A transactions, joint ventures and corporate governance matters.

Practice head(s):

Spencer Summerfield; Andrew Gillen; Lucie Cawood


Other key lawyers:

Richard Spedding; Adrian West; Tom Coulter; Jonathan Walters


Testimonials

‘Reassuring across all aspects of the relationship: top quality partners, very strong associates, more than pleasant to work alongside.’

‘Jon Reddington provides a strong combination of calmness, expertise and market experience.’

‘Jonathan Walters combines incredible responsiveness with considered advice.’

‘Adrian West is consummate; knows the market well and adds deep equity capital market knowledge to the public deals.’

Key clients

Zegona Communications plc


Swisscom


Deutsche Numis


Inflexion


Greenfield Enterprises


Lifezone Metals


DIF Capital Partners


Aurelius Group


IK Partners


BUUK Infrastructure


finnCap


EMIS Group plc


Auto Trader plc


Brown & Brown Inc.


Söderberg & Partners Holdings AB


Ideagen plc


Crestchic plc


Ancala Partners


Foresight


Adventurous Journey’s Capital


S4 Capital plc


Safestore plc


InstaVolt


SARIA


Breedon


Indicor Equity LLC


Brooks Macdonald plc


Macquarie


Investec


Northleaf Capital Partners


RSK Group


Blancco Technology Group plc


ProA Capital


Volex plc


BPEA EQT


Work highlights


  • Advised Zegona Communications plc on its proposed acquisition of Vodafone Spain for an enterprise value of €5bn.
  • Advised Lifezone Metals on its deSPAC combination with GoGreen Investments.
  • Advised EMIS Group plc on its recommended £1.24bn takeover by Bordeaux UK Holdings II Limited, an affiliate of Optum Health Solutions (UK) Limited and a wholly owned subsidiary of UnitedHealth Group Incorporated.

Dechert LLP

Described as ‘very knowledgeable and business oriented’, the team at Dechert LLP handles a host of domestic and international M&A transactions across the financial services, life sciences, healthcare and TMT sectors. The practice is jointly led by Philip Butler, who advises clients on the on the implementation of complex debt structures, and Christopher Field, who is noted for his expertise in multijurisdictional corporate carve-outs. Ross Montgomery is a key adviser to major international corporations on highly regulated, cross-border transactions. Douglas Getter has left the firm.

Practice head(s):

Philip Butler; Christopher Field


Other key lawyers:

Ross Montgomery; Sam Whittaker; Rose Limaye


Testimonials

‘Very knowledgeable and business oriented.’

‘Client oriented and prompt in addressing complicated matters.’

‘Rose Limaye is keen, available, and very quick to turn around client requests, with good focus on detail.’

Key clients

Ark Invest


Blackstone


Datamars S.A.


GIC


Hellenic Telecommunications (OTE)


Hunt Companies, Inc


Iconix Brand Group


Kier Group plc


M1 Group


MountainStar Sports Group, LLC


Nissan


QX Global


RCI Banque


Work highlights


  • Served as legal counsel to RCI Banque SA (part of Group Renault, France) in the sale of its leasing business in Russia.
  • Acted as legal counsel to Kier Group plc, the publicly listed construction and property group, on its acquisition of Buckingham Group’s rail division out of administration.
  • Advised GIC, as part of a consortium led by Blackstone that includes GIC and Canada Pension Plan Investment Board, on (i) the consortium’s partial sale of a 4% stake in London Stock Exchange Group plc (LSEG) to Microsoft; and (ii) its share buyback by the LSEG.

Mayer Brown International LLP

Counting FTSE 100 and Fortune 100 companies among its key roster of clients, Mayer Brown International LLP handles the full scope of M&A transactions including asset and share sales and purchases, joint ventures and leveraged buyouts. The team is spearheaded by Kate Ball-Dodd, who is a key port of call for public companies and financial intermediaries seeking assistance on listing and AIM rules, Takeover Code and general company law. Elsewhere in the team, Rebecca Bothamley stands out for expertise across the mining, tech telecoms and insurance sectors, while Richard Page maintains an active practice, advising on high-profile and high-value transactions.

Practice head(s):

Kate Ball-Dodd


Other key lawyers:

Rebecca Bothamley; Richard Page


Testimonials

‘This team is truly exceptional. They are incredibly efficient and sharp. They deep-dive into topics and their drafting is always spot-on. They are also very available and pragmatic, which I greatly appreciate.’

Key clients

Adaptimmune Therapeutics plc


ARM Limited


Assured Guaranty Ltd.


Beazley plc


bioMérieux SA


The British Land Company plc


CDK Global, LLC


Hasbro, Inc.


Klesch Group


Mitie Group plc


M3 Capital Partners/Evergreen Extra MSA


Pernod Ricard, SA


PETRONAS


QBE Insurance Group Limited


Shearwater Group


Unilever plc


VAALCO Energy, Inc,


Work highlights


  • Advised Unilever on the acquisition of premium haircare brand K18.
  • Advised Hasbro, Inc. on the carve-out of, and aspects of the sale, of eOne film & TV to Lionsgate.
  • Advised Pernod Ricard in a new venture and strategic alliance with The Coca Cola Company to market a new pre-mixed cocktail.

Morrison Foerster

Standing out for its expertise in the tech, gaming, life sciences and healthcare sectors, Morrison Foerster, praised for its ‘great depth and breadth of legal knowledge’, remains active on high value and cross-border M&A transactions. Global co-chair Gary Brown‘s practice focuses primarily on cross-border M&A and private equity investment deals, with a particular focus on on tech sector M&A. London managing partner Andrew Boyd advises UK and international clients on cross-border M&A and private equity mandates.

Practice head(s):

Gary Brown


Other key lawyers:

Andrew Boyd; Simon Arlington; Stuart Alford; Jennifer Buckby


Testimonials

‘Prompt service, insightful and accurate legal advice, great depth and breadth of legal knowledge.’

‘Prompt service and detailed legal explanations.’

‘Personable and competent team who provide timely, practical advice.’

‘Genuinely nice people who provide exceptional legal services. Their legal support is proactive, practical and timely.’

‘This practice group’s strength lies in their deep understanding of evolving data protection and cybersecurity threats, compliance requirements, and emerging technologies. Their attorneys are experts in breach response, risk assessment, regulatory compliance, and strategic counselling.’

‘Very responsive, accurate and easy to work with.’

‘Jennifer Buckby is a star – knows our business inside and out and provides detailed, accurate and prompt advice.’

Key clients

Alpine Investors


Arm Limited


Axalta Coating Systems


Cambridge Quantum (a subsidiary of Honeywell Group)


Castlelake


CellPoint Digital


FLYR, Inc.


Imerys SA


Kyowa Kirin


SoftBank Group Corp.


Tate & Lyle PLC


Work highlights


  • Advised Imerys on its joint venture with British Lithium to accelerate development of the UK’s largest lithium deposit.
  • Advised SoftBank, a shareholder in low Earth orbit communications company OneWeb, in connection with OneWeb’s successful USD 3.4 billion all-share combination with Eutelsat.
  • Advised Kyowa Kirin on its acquisition of Orchard Therapeutics.

A&O Shearman

Practice head(s):

Dominic MorrisPaul Strecker


Testimonials

‘Excellent bandwith and execution capabilities / commercial advice ’

‘Dominic Morris and Alex Tilley – all over every element of transactions / sound but pragmatic advice and can always see the bigger picture ’

‘Partner engagement. Value for money, good interaction between offices in Europe and overseas&rsqu;/em>

Key clients

Marks & Spencer plc


Man Group plc


OpenText Inc


Imperial Brands plc


Sage plc


Liberty Global


Reckitt plc


Exponent


Brookfield


Castore


Liberty Global


Albemarle Corporation


Esso Italiana S.R.L


Fairfax Financial Holdings Limited


Digital Infrastructure Assets LLP


Houlihan Lokey


Institut Mérieux


Paramount Global


Fenway Sports Group


Vice Media Group


Anglo American


Work highlights


  • Allen & Overy (A&O) advised AviLease on its acquisition of Standard Chartered’s (SCB) global aviation finance leasing business (Fastnet) for approximately US$3.6bn.
  • Allen & Overy (A&O) is advising Network International Holdings PLC (Network) on the recommended GBP2.2bn cash offer from BCP VI Neptune Bidco Holdings Limited (Bidco) to acquire the entire share capital of Network.
  • Allen & Overy (A&O) advised Life Healthcare Group on the sale of 100% of Alliance Medical Group to entities owned by iCON Infrastructure Partners VI, L.P., a fund advised by iCON Infrastructure LLP (iCON) at an enterprise value of £910m
  • Liberty Global on its acquisition of a 5% stake in Vodafone.
  • Fairfax Financial on the acquisition of Meadow Foods.

Sidley Austin LLP

Active across the insurance, energy, and infrastructure sectors, the M&A team at Sidley Austin LLP continues to handle a steady stream of deals for a diverse portfolio of clients. The team is noted for its ability to handle multi-jurisdictional transactions, leveraging its global network to assist on matters. Steering the practice is Thomas M. Thesing, whose practice encompasses cross-border M&A, corporate finance, and corporate governance. Philip Cheveley has a wealth of experience advising clients on cross-border and domestic public takeovers, mergers, acquisitions, and disposals, while James Wood is rountinely instructed by senior client stakeholders on a range of transactions.

Practice head(s):

Thomas M. Thesing


Other key lawyers:

Philip Cheveley; James Wood


Key clients

Stonepeak Partners


HeadFirst Global


Ashtead Technology


Savillex Corporation


Judges Scientific


Westfield


Huma Therapeutics


Arthur J. Gallagher & Co.


Colliers International Group


Perspectum Group Ltd.


Stryker Corporation


Work highlights


  • Advised Stonepeak on its agreement with the AA and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus. Per the agreement, Stonepeak will invest £450m in the AA through a combination of common and preferred equity at an enterprise value of approximately £4 billion.
  • Advised HeadFirst Global on a recommended offer by a newly formed affiliate to acquire Impellam Group plc. Subject to regulatory approval, the deal values the entire issued share capital of Impellam at approximately £483.2m.
  • Advised Savillex Corporation, a portfolio company of private equity firm Thompson Street Capital Partners, in its strategic acquisition of ONFAB.