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Latham & Watkins

99 BISHOPSGATE, LONDON, EC2M 3XF, ENGLAND
Tel:
Work 020 7710 1000
Fax:
Fax 020 7374 4460
Email:
Web:
www.lw.com

Richard Butterwick

Tel:
Work +44 20 7710 1143
Email:
Latham & Watkins LLP

Work Department

Partner

Position

Richard Butterwick is a partner in the Corporate Department of the London office of Latham & Watkins. Mr. Butterwick’s practice encompasses a wide variety of domestic and cross-border corporate finance and merger and acquisition work, including public takeovers, private M&A, joint ventures and capital markets transactions.

In 2011, Mr. Butterwick returned to the firm from a two-year secondment as a member of the UK Takeover Panel’s executive, where he regulated transactions governed by the UK Takeover Code and was involved in the revision of the Takeover Code’s rules in 2011.


London: Corporate and commercial

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

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

Latham & Watkins' practice is rated for its strength in depth, which enables it to consistently handle large-scale public and private M&A, frequently for US-headquartered multinationals. Department head¬†Nick Cline¬†is the key relationship partner for a number of the firm‚Äôs global corporate clients including VEON, Aon and Qatar Investment Authority, and notably handled Thomas Cook‚Äôs sale of its Belgian airlines business to Brussels Airlines, a subsidiary of Lufthansa. He also assisted¬†Edward Barnett¬†on the disposal of Method and Ecover global consumer products businesses to SC Johnson on behalf of The Trustees of the Skagen Business Trust. Pharmaceuticals sector expert¬†Robbie McLaren¬†advised Theramex on its acquisition of the women‚Äôs healthcare assets of Teva Pharmaceuticals Industries in a deal worth $703m. On the technology side, McLaren also represented Andreessen Horowitz in connection with its minority investment in software developer Improbable World.¬†Richard Butterwick¬†acted for RPC Group in connection with its ‚ā¨262.5m acquisition of ESE World.¬†Simon Tysoe¬†acted for Uniper on its sale of a 25% stake in the Yuzhno-Russkoye gas field, located in Western Siberia, to OMV.¬†Huw Thomas ¬†was promoted to partner in January 2018.

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Private equity: transactions

Within: Private equity: transactions

Latham & Watkins' transactional practice¬†advises a range of global private equity houses and other clients on all issues arising from¬†transformational UK and multi-jurisdictional large-cap deals, often acting in concert with¬†the firm's market-leading banking and finance, equity capital markets and high-yield debt offerings.¬†Michael Bond¬†recently acted for The Carlyle Group on its ‚ā¨10.1bn acquisition with GIC of AkzoNobel's Specialty Chemicals Business. Another notable mandate involved¬†David Walker, global co-chair¬†Kem Ihenacho,¬†Richard Butterwick¬†and¬†banking partner¬†Jayanthi Sadanandan¬†advising CVC and Blackstone (as part of a consortium) on the ¬£2.96bn acquisition of Paysafe Group; at the time of the announcement of this deal, it was the largest public-to-private transaction under the UK Takeover Code since 2010. Another key figure is¬†Farah O‚ÄôBrien, who worked alongside Ihenacho and others to assist Leonard Green & Partners with acquiring a controlling interest in Pure Gym. Other clients of the firm include Cinven, Canada Pension Plan Investment Board, TA Associates and Bain Capital. Thomas Forschbach¬†has more than 25 years of experience of private equity transactions. Huw Thomas¬†made partner in January 2018.

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IHL Briefings

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M&A impacts of recent antitrust focus on pre-closing integration

July 2018. By Richard Butterwick

In recent years there have been markedly increased levels of scrutiny from regulators over the sharing of sensitive information between competitors in the process of mergers, takeovers, and other corporate transactions. As a result, M&A deal teams are increasingly turning to clean-team arrangements to ensure that a competing business purchaser can review competitively sensitive data during its due diligence, while addressing ¬Ďgun-jumping¬í rules and competition law concerns. [Continue Reading]

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