Andersen Egypt signs acquisition deals worth one billion Egyptian pounds

Andersen Egypt’s is proud to announce that it has played a vital role in the expansion of several companies across the Middle East and Africa operating in a number of sectors, most notably tourism, hotels, real estate and pharmaceutical.  The firm’s role has been to provide an array of legal and advisory services for projects with a total value exceeding 1 billion EGP.
Andersen Egypt is one of a handful of companies licensed by the Egyptian Financial Regulatory Authority to provide financial advisory services, in addition to its comprehensive legal and tax service offerings.
This department is headed by Mohamed A. Abdelhaleem Senior Partner and Transaction Advisory Services Leader. Mohamed brings more than 20 years of experience in corporate finance and valuations with his expertise ranging from advising SMEs to large, global multinationals and family groups, as well as various private equity

To find out more, please click on the links below:

https://eg.andersen.com/services/advisory-services/

https://www.alnasher-elmasry.com/2021/03/blog-post_3064.html

Protection applications made under the Commonwealth heritage protection legislation

What you need to know

  • Sections 9, 10 and 12 of the Aboriginal and Torres Strait Islander Heritage Protection Act 1984 (Cth) (ATSIHP Act) enable the Commonwealth Minister for the Environment to make a declaration for the protection and preservation of significant Aboriginal areas and objects from injury or desecration.
  • The Senate’s November 2020 Interim Report into the Juukan Gorge incident recommended an urgent review into the adequacy of the ATSIHP Act. These recommendations were echoed in the Independent Review of the Environment Protection and Biodiversity Conservation Act 1999 (Cth) and the Productivity Commission in its December 2020 report on Resource Sector Regulation.
  • Critical comments in these reports about the limited number of declarations under the ATSIHP Act are unlikely to reduce the continuing upward trend in declaration applications being made that began in 2019.
  • The Federal Court has also determined two judicial review applications in 2020, challenging decisions under the ATSIHP Act, revealing a willingness by the Court to interpret the words “Aboriginal tradition” in the ATSIHP Act broadly, acknowledging the complexities and nuances inherent in that phrase.

What you need to do

  • Be aware that a protection application under the ATSIHP Act is a powerful means by which Traditional Owners can express dissatisfaction with cultural heritage protection outcomes under State or Territory legislation.
  • Land users should be prepared for the release of the Senate Committee’s final report in October 2021 and the inevitable legislative reform that will follow.

Recap of the ATSIHP Act declaration application provisions

Sections 9 and 10 of the Aboriginal and Torres Strait Islander Heritage Protection Act 1984(Cth) (ATSIHP Act) enable an Aboriginal person or a group of Aboriginal people to make an application to the Minister (in writing or orally) seeking a declaration for the preservation or protection of a specific significant Aboriginal area from injury or desecration.

A critical precondition to a declaration is that the Commonwealth Minister forms the view that the area is not adequately protected under State or Territory legislation.

Protection applications made in 2020 and 2021

We reported on a number of 2019 ATSIHP Act protection applications in our 2019 Native Title Year in Review article Not so sleepy after all: Commonwealth gets involved in Aboriginal and Torres Strait Islander Heritage Protection.  As we predicted in that article, this trend has continued in 2020 and 2021.  We summarise the current suite of applications below:

  • Apparrlu on Murulag: This section 10 application was brought on behalf of the Kaurareg People for the purpose of protecting an area known as Apparrlu on Murulag (or Prince of Wales Island), and adjacent waters of the Torres Strait, Queensland.  The applicants sought to protect the area from roadworks and harbour works proposed by the Torres Shire Council.  In January 2020, the Reporter in this matter allowed an extension of time to make representations.  On 9 March 2021, the ABC reported that the Torres Shire Council had abandoned its construction plans after obtaining the report prepared in accordance with section 10(4) of the ATSIHP Act.
  • Former Anglican Holy Trinity Church grounds: A section 10 application was made on behalf of the Jerrinja Local Aboriginal Land Council to protect an area known as the former Anglican Holy Trinity Church grounds in Huskisson, New South Wales.  The applicant sought to protect the area from proposed commercial and residential development.  More details can be found here.
  • Ravensworth: A section 10 application was made to protect an area known as the “Ravensworth Estate”, and including Bowmans Creek and Glennies Creek in the Hunter Valley, New South Wales.  The applicants claimed the area was under threat of injury or desecration from mining activities. More details can be found here.
  • Warragamba Dam: This section 10 application, made by Aunty Sharyn Halls on behalf of the Gundungurra Aboriginal Heritage Association Inc, seeks to protect an area known as the Burragorang Valley, near Warragamba, New South Wales.  The applicant attributes the potential injury or desecration to the proposed raising of the Warragamba Dam walls.  More details can be found here.

Judicial review challenges to Ministerial decisions on protection applications

Third successful JR challenge to ATSIHP Act determination – Western Highway upgrade, Victoria

Onus v Minister for the Environment [2020] FCA 1807 involved a challenge to the Minister’s decision not to make a declaration to protect six trees, and their surrounding area, near Ararat in Victoria.  The applicants in this case had brought the application under sections 10 (protection of significant Aboriginal places) and section 12 (protection of significant Aboriginal objects) of the ATSIHP Act to protect the area and trees from the construction and realignment of the Western Highway.

This matter had a lengthy and complex history.  In December 2018, Minister Price declined to make the declarations sought.  That decision was quashed by consent by the orders of the Court and remitted for redetermination.  Minister Ley then made a July 2019 decision again refusing to make the declarations.  That decision was found to be invalid and the application was once again remitted for redetermination (see Clark v Minister for the Environment [2019] FCA 2027).  Following the Court’s order in Clark, Minister Ley made the determination the subject of this decision on 6 August 2020.

In respect of the section 10 application, the applicants argued that the Minister had failed to commission and receive a report under section 10(1)(c) of the ATSIHP Act.  They contended that a change in circumstances since the original report was completed meant that it was no longer relevant.  In the alternative, the applicants argued that the Minister’s failure to obtain an up-to-date report was unreasonable.

The Federal Court rejected the applicants’ arguments, noting that there is nothing in the Act requiring the Minister to obtain a further report when there is a significant change in the conduct being assessed.

The applicants also sought a declaration under section 12 of the ATSIHP Act to protect the trees as significant Aboriginal objects.

While the Minister was satisfied that five of the six trees were significant Aboriginal objects, she did not accept that they were under threat of injury or desecration from the highway alignment.

Griffiths J held that the Minister had acted unreasonably and/or on an incorrect understanding of the law.  His Honour found that the Minister had committed three reviewable errors.  Firstly, the Minister had overlooked some of the material and focused instead on whether the trees would be physically injured.  In doing so, she fell into the same reviewable error identified by the Court in Clark. Griffiths J stated that the Minister had failed “to grapple with the complex and nuanced cultural and spiritual heritage associated with the trees and the effect on that heritage by the alignment of the highway in proximity to them” (at  [121]).

Secondly, the Minister had concluded that the trees were not under threat of injury or desecration without knowing precisely the physical proximity of the highway alignment to the trees.

Thirdly, the Minister had failed to consider the application in so far as it related to the relationship between the five trees and the area beyond the Specified Area.

Griffiths J found that the Minister’s findings and reasonings in relation to the section 10 application could be severed from those relating to the section 12 application.  On that basis, his Honour directed that only the section 12 decision be set aside.

Griffiths J ordered Minister Ley to refer the section 12 application for reconsideration and determination by another Minister with responsibility for administering the Act, given this would be the third time Minister Ley had considered the section 12 application, with the previous two attempts having been set aside for jurisdictional error.

Minister may take into account the social and economic impacts of a declaration on non-Indigenous persons – application not successful in relation to Shenhua Watermark Coal Mine in NSW

In Talbott v Minister for the Environment [2020] FCA 1042, the applicant (on behalf of the Gomeroi Traditional Owners) applied for judicial review of the Minister’s decision not to make a section 10 declaration over areas located within or close to the proposed Shenhua Watermark Coal Mine near Breeza in New South Wales.

The Minister had determined that the areas were “significant Aboriginal areas” for the purposes of the Act.  She was also satisfied that the areas were under threat of injury or desecration.  However, the Minister concluded that, on balance, the social and economic benefits of the mine to the local community outweighed the impacts on the applicant’s cultural heritage.

The applicant argued that the Minister had taken into account an irrelevant consideration by considering the social and economic impacts of the mine on the local community.  It was argued that there is a limitation on the matters the Minister may take into account when determining a section 10 declaration arising from the Act’s constitutional source of power in section 51(xxxvi) of the Constitution (known as the race power).

The Federal Court rejected this argument, stating at paragraph 91:

The Heritage Act is a law that operates in connection with the subject matter of s 51(xxvi).  It does not cease to operate in connection with that subject matter because it confers a discretion as to whether or not to make the declaration in s 10, which may be exercised by reference to, inter alia, non-racial considerations such as the social and economic impacts on the community of the declaration.

The application for judicial review was therefore dismissed.

On 1 September 2020, the SBS reported that the applicant had lodged a new application to protect the area, however this further application has not yet been notified in the Australian Government gazettes.

Calls for legislative reform 

The Senate’s November 2020 Interim Report into the Juukan Gorge incident recommended an urgent review the adequacy of the ATSIHP Act. These recommendations were echoed in the Independent Review of the Environment Protection and Biodiversity Conservation Act 1999(Cth) (EPBC Act) and the Productivity Commission in its November 2020 report on Resource Sector Regulation.

The reports were highly critical of the limited number of declarations under the ATSIHP Act.  According to the Productivity Commission Report there have been only 7 long term declarations made, out of 500 applications, since the commencement of the Act in 1984.  The reports recommended that the Commonwealth Minister play a more active role under the ATSIHP Act to protect cultural heritage, rather than deferring to State legislative processes and using the ATSIHP Act as a last resort.

It is yet to be seen how this recommendation will play out in the Minister’s consideration of applications for protection declarations under the ATSIHP Act.

Key Insights

The current level of legal, social and political developments in the Aboriginal cultural heritage space is unprecedented.  Calls for reform have come not just from the Senate, but from the Independent review of the EPBC Act and the Productivity Commission report on Resource Sector Regulation.

Protection applications under the ATSIHP Act are a powerful means by which Traditional Owners can express their dissatisfaction with cultural heritage protection outcomes under State or Territory legislation.

Land users should be prepared for the release of the Senate Committee’s final report into the Juukan Gorge incident in October 2021 and the inevitable legislative reform that will follow.

Árpád Geréd on Austria to Lexology GtDT Cybersecurity 2021

Partner and IT-law-expert Árpád Geréd has contributed the chapter on Austria to the recently published 2021-edition of Lexology GtDT Cybersecurity.

The Lexology Getting the Deal Through-series is one of the leading publications on comparative law. In the volume “Cybersecurity”, Árpád Geréd and experts from 13 other jurisdictions provide a broad overview on the locally applicable legal framework as well as existing practice regarding IT-security requirements, including issues related to data protection and privacy.

The complete chapter on Austria is available for download below.

Chapter on Austria (PDF): Gered-LexGtDT Cybersecurity 2021 Austria
Full publication (weblink, subscription required): Lexology GtDT Cybersecurity 2021

Europe and UK’s Response – Critical Raw Materials Supply Chains

“To solve global warming, we have to fully electrify the entire economy, including the transportation fleet. There are currently 1.3 billion cars on the planet. By mid-century, that will be close to 3 billion, just light duty cars. To make all of those electric vehicles, as opposed to internal combustible engine, you’ll need more than $5 trillion worth of cobalt, nickel, lithium and copper. That’s incremental, in addition to all the demand for those materials, for just business as usual activities.” CEO Kurt House, KoBold.

This is just one of the many similar public statements from governments, business owners and investors drawing attention to the scale of the task ahead to transition societies and industries to a world where energy needs will depend less on fossil fuels and more on green energy and, as will be seen, is the focus of recent western government actions and policies.  Cobalt, nickel, lithium and copper are in relatively abundant supply. But that is not the case with other minerals, such as rare earths. Without these particular “critical raw materials” there will be no large-scale development of the magnets that will power the EVs and wind turbines which are crucial to the success of green energy policies in the western world.

China has dominated the global mining production of REE, the processing of REE into RE metals and alloys, and the manufacture of permanent magnets for the last 20 or so years.  Whilst China’s share of the world’s REE mining has declined in recent years, it still manufactures around 90% of all NdFeB metals and magnets. In 2018 China supplied the EU with 98.5% and the USA with 95.2% of their respective imports of RE metals and alloys.

The creation of resilient non-Chinese rare earth to magnet supply chains (NCSC) is now the focus of many western governments to reduce their reliance on Chinese imports.

What are “rare earth elements” and “permanent magnets”?

Rare earth elements (REE) are a group of 17 chemical elements that occur together in the periodic table. They are very difficult to mine because they are rarely found in economically extractable concentrations.

REE and metals and alloys that contain them are used in many everyday devices such as batteries, smart phones, catalytic converters, magnets, fluorescent lighting and much more. They also play an essential role in defence electronics in precision-guided weapons and communications equipment.

They are considered to be “critical raw materials” (CRM) because of their “critical” importance, in particular to the production of the magnets that power electric vehicles (EVs) and wind turbines.

A “permanent magnet” is an object made from material that is magnetized and creates its own persistent magnetic field – an everyday example is the simple “fridge” magnet. The strongest, lightest and most commercially available permanent magnet is the NdFeB magnet formed by neodymium (Nd) iron, and boron with praseodymium (Pr) and other REE. This is the magnet most commonly used in motors for hybrid vehicles, EVs and wind turbines.

The global demand for NdFeB magnets is projected to double this decade. The European Commission’s long-term outlook is, “In addition to rapidly rising demand driven by electric vehicles and energy storage, demand for rare earths critical for products like wind turbines could increase ten-fold by 2050”.

Western governments’ actions and initiatives.

A key objective of the establishment and maintenance of resilient CRM supply chains into the west is to ensure that the necessary components for the manufacture of the equipment and infrastructure that is crucial to achieving the transition to sources of greener energy, is increasingly independent of, and less reliant on, China.

Government support for the REE industry in general and NCSC in particular is essential if the private sector is to be able to economically produce the crucial components for the EV and wind turbine sectors. Support will need to come in many forms, including grants, tax allowances, debt financing and equity investment.

Over the last 12 months or so several western governments have announced initiatives and policies in relation to CRM which are necessary to transition to an energy system which is substantially less dependent on fossil fuels.

European Union

In September 2020 the European Commission released its Critical Raw Materials Action Plan focussing on “the most pressing need, which is to increase EU resilience in the rare earths and permanent magnets value chains, as these are vital to most EU industrial ecosystem”.

United Kingdom

The UK Government does not have a critical raw materials policy as such.

On 15 March 2021 in the course of his speech to the House of Commons, the Vice-Chair of the All-Party Parliamentary Group for CRM outlined the Group’s priorities in terms of government policy including “the development of a critical mineral midstream” i.e. the production of RE metals and alloys and the manufacture of RE permanent magnets in the UK.

The UK government’s objectives are ambitious; current policy identifies 2030 as the year when:

  • offshore wind turbines will produce more than enough electricity to power every home in the country; and
  • sales of cars with internal combustion engines will be banned.

 US

In 2017 President Trump initiated a strategy to ensure secure and reliable supplies of CRM. In February this year, President Biden ordered reports within 100 days from a variety of government agencies, identifying the risks in the supply chains for CRM including REE and policy recommendations to address those risks.

Canada

In March 2021, Canada, a major resource economy, released its list of minerals considered critical for the sustainable success of Canada and “our allies”.

Australia

Another major resource economy, Australia, earlier this year released its 10-year “road map” to create more REE processing capacity as part of a broader push to make Australia one of the developed world’s linchpin suppliers of REE and other CRM.

International cooperation

The policies of EU, UK, US, Canada and Australia all acknowledge that the establishment of NCSC to meet their projected domestic REE processing and magnet manufacturing ambitions will require international cooperation and investment.

Examples of such cooperation include:

Europe

The European Raw Material Alliance (ERMA) is an alliance of organisations from the European public and private sectors covering the entire critical raw materials value chain. Its immediate objective is to increase the resilience of EU supply chains for rare earth magnets and motors, batteries, and fuel cells.

The EU’s Action Plan highlights the need to diversify sourcing of CRM from third countries requiring “strategic international partnerships and associated funding to secure a diversified supply of sustainable critical raw materials, including through undistorted trade and investment conditions, starting with pilot partnerships with Canada, interested countries in Africa and the EU’s neighbourhood”.

US – Canada

In June 2019, the US and Canadian governments agreed to develop resilient, integrated North American supply chains for CRM. A Critical Minerals Working Group has been established and Canada now participates in the US-led Energy Resource Governance Initiative.

US – Australia

In September 2019, the US and Australian governments agreed to develop a Critical Minerals Action Plan to “improve the security and supply of rare earths and other critical minerals in the United States and Australia; increase US-Australia connectivity throughout the supply chain of critical minerals; and leverage the interest of other like-minded partners to improve the health of the global critical minerals supply chain.”

US, Canada and Australia

The US, Canada and Australia have created the Critical Minerals Mapping Initiative to assist with the building of a diversified critical minerals industry.

US, UK, Canada, Australia and New Zealand – The “Five Eyes”

There have been several press reports concerning the possible expansion of the “Five Eyes” intelligence-sharing alliance into a strategic economic relationship that pools key strategic reserves such as CRM and develops NCSC amongst its members.

In its March 2021 Report, the Polar Research and Policy Initiative recommended the creation of a Five Eyes Critical Minerals Alliance with a particular focus on Greenland’s CRM deposits.

Conclusion

It is early days yet to assess the effectiveness of these policies in the development of NCSC to produce permanent magnets that will be price competitive with Chinese producers. There is considerable private sector activity around “the development of a critical mineral midstream” (with government support) but, as The Times’ editorial on 5 April warns, “[T]o reduce reliance on Beijing, the first step is to mine rare earths in new locations”, an issue we consider in the next article in this series.

O’Neill & Borges Puerto Rico Overview 2021 for Chambers Global

O’Neill & Borges LLC asked to author an In-Depth Overview of Puerto Rico for 2021 featured in the prestigious Chambers Global 2021 Guide. The article provides an interesting fiscal, legal and economic outlook for Puerto Rico entering 2021.

 

O&B also authored the Chambers Puerto Rico Corporate Tax Guide (2019) for the Global Practice Guide published by Chambers & Partners.

Squire Patton Boggs Continues Expansion of Data Privacy Practice

Squire Patton Boggs continues the expansion of its Global Data Privacy & Cybersecurity Practice (Data Practice), with the addition of a three-lawyer, bi-coastal team from BakerHostetler, based in the firm’s Los Angeles, New York and Miami offices. Their arrival comes on the heel of the firm welcoming Alan L. Friel as Deputy Chair of the Data Practice from BakerHostetler.

The new team comprises: of counsel Kyle R. Fath New York and Los Angeles; senior associate Kyle R. Dull (New York and Miami); and associate Niloufar Massachi (Los Angeles).

“Speaking from personal experience, this is a dynamic team that will give clients a powerful advantage in creating and implementing data privacy compliance programs, commercializing data, assessing cybersecurity risk and responding to incidents and addressing regulatory changes and enforcement actions,” said Mr. Friel. “Kyle, Kyle and Nilou, collectively, bring an enriched perspective to the table, blending industry and public sector experiences that complement the complex work the Data Practice is handling. The team also counsels clients on advertising and sales practices, and has substantial experience with digital advertising and AdTech matters.”

Welcoming the team to the firm, Ann LaFrance, who co-chairs the Global Data Practice, commented, “The continued expansion of our US Data team is an important step in the strategic buildout of our global practice in this area of high and growing demand for our clients, and we are delighted to have these talented and experienced colleagues join our ranks.”

Mr. Fath has developed a practice that offers a unique blend of deep experience in counseling companies through compliance with data privacy laws, such as the CCPA, drafting and negotiating technology agreements, and advising on the privacy, IT, and IP implications of M&A and other corporate transactions. His practice has a particular focus on the ingestion and sharing of data, the implications of digital advertising (as companies look toward the so-called “cookieless future”), and assisting clients through the build-out of e-commerce and other global online platforms.

Mr. Dull, CIPP/US, draws on extensive experience investigating and prosecuting privacy and advertising law violations to advise clients on their own data privacy, cybersecurity and advertising risks. As a former assistant attorney general, he has a solid understanding of consumer protection laws, as well as domestic and international privacy laws, enabling him to counsel clients on technical, contractual, intellectual property and regulatory issues while balancing commercial and consumer interests. Additionally, Mr. Dull has experience defending and resolving privacy and advertising enforcement actions throughout the country.

Ms. Massachi, CIPP/US, focuses her practice on data privacy and protection, advertising, sales and digital media practices counseling, technology transactions, cybersecurity and breach response, and consumer protection law. Her experience includes substantive research and analysis on and application of data privacy laws, including the CCPA, CPRA, the California Shine the Light Act, the California Online Privacy Protection Act (CalOPPA), the Video Privacy Protection Act (VPPA), and the Children’s Online Privacy Protection Act (COPPA). Ms. Massachi draws on her experience to counsel clients on the development and implementation of information governance and compliance programs, including on conducting data inventory and mapping. She regularly drafts policies and procedures for providing consumer data privacy transparency and choice, as well as drafts and negotiates privacy and data security provisions for various types of multiparty agreements. Ms. Massachi also advises clients on digital media and advertising consumer protection programs, such as enhanced notice requirements for cross-device interest-based advertising and the collection of precise location data.

IFLR Asia-Pacific Awards 2021 Shortlist Announced

Conyers is once again shortlisted in the IFLR Asia-Pacific 2021 Awards.

We are pleased to be nominated as Offshore Firm of the Year this year again, an award that we won in 2020.

In addition, five of our significant matters advised by our Hong Kong and Singapore based lawyers are shortlisted as Deals of the year:-

The IFLR Asia-Pacific awards celebrate legally innovative cross-border transactions, teams and firms in the region. The results will be announced virtually on Thursday, 25 March 2021. For more information on the nominations, please visit: https://www.iflr.com/article/b1qj1khd0cnqmz/iflr-asia-pacific-awards-2021-shortlist-revealed

Fasken Clients Shine at the Infrastructure Industry Awards

Toronto (Canada) – The successes of Fasken clients were highlighted at the 2020 P3 Bulletin Awards. The seventh annual awards ceremony took place virtually on March 4, 2021. The P3 Bulletin Awards recognize and reward outstanding achievements in public-private partnerships across the Americas. Winners were selected by a panel of industry experts.

The Fasken team advised on a number of client matters that received accolades, including:

  • Windsor-Detroit Bridge Authority and the Gordie Howe International Bridge project – Gold, ESG Performance of the Year
  • Corner Brook Acute Care, Canada – Gold, Best Social Infrastructure Project
  • Regina Bypass, Canada – Highly Commended, Best Operational Transport Project
  • Belle Chasse Tunnel and Bridge Replacement Toll Concession, USA – Highly Commended, Best Road Project

The Gordie Howe International Bridge project has been the recipient of several other industry awards, including: IJGlobal’s Road Deal of the YearLexpert’s Canadian Deal of the YearPFI’s Transport Deal of the Year, the National Council for Public-Private Partnerships Outstanding Emerging Project Award, and CG/LA Infrastructure’s prestigious 2019 Oracle Project of the Year Award.

The Fasken Global Infrastructure and Projects Group works extensively with authorities, proponents, consortia, constructors, lenders and other private sector project participants in multiple jurisdictions at the federal, provincial, state and municipal government levels in the US and Canada. Fasken was recognized as North American Public Sector Legal Adviser of the Year (2018) for its expertise in Infrastructure and PPP Projects and is also a past recipient of the Gold Award – Top Legal PPP Advisor in North America (2015) and Silver Award – North American Legal Advisor of the Year (2019) from P3 Bulletin.

About Fasken

Fasken is a leading international law firm with more than 750 lawyers and 10 offices on four continents. Clients rely on us for practical, innovative and cost-effective legal services. We solve the most complex business and litigation challenges, providing exceptional value. For additional information, please visit the Firm’s website at fasken.com.

Labor Practices Antitrust Violations – Trends in Brazil and Worldwide

In article available on The Future of Antitrust e-book, published by IBRAC in August 2020, our partners Tatiana Lins Cruz and Patrícia Bandouk Carvalho, along with associate Natan Maximiano Munhoz, analyze labor practices as antitrust violations, a new target for antitrust investigations by Competition authorities.

The labor practices under analyzes include the so-called no-poaching agreements and wage-fixing agreements, as well as the exchange of competitively sensitive information about terms and conditions of employment.

» Clique aqui para fazer download do PDF

Squire Patton Boggs Builds Private Equity Growth in London

Squire Patton Boggs’ London Private Equity Practice has seen a significant increase in client transactional activity over the past 18 months, as the firm continues to invest heavily in its London team. The firm’s practice group has recently been recognised, for the first time, in the top 20 of legal advisors to companies by volume of deals globally in Refinitiv’s Global Private Equity Legal Advisor Review for the full year 2020.

Since the start of 2020, the UK Private Equity team, which is highly ranked for Private Equity Transactions – Mid-Market in The Legal 500 UK 2021, has acted on 106 private equity-related transactions, with a total deal value of £11 billion.

The firm has made five strategic Private Equity partner hires into its 32 lawyer-strong London Corporate team in the past 13 months: Ben Squires and Charles Leeming from Simpson Thacher & Bartlett and Stephen Ball from KPMG in February 2020, and Fergus Gallagher from McDermott Will & Emery and Julian Thatcher from MHMK Capital Group (and formerly Macfarlanes) in February 2021.

Recent highlights for the team include:

  • Advising Broadridge Financial Services on its acquisition of Itiviti Group, a leading provider of trading and connectivity technology to the capital markets industry, from Nordic Capital.
  • Advising the shareholders of Qmee Ltd, a data-driven rewards and loyalty company, on a majority stake investment in the company by Capital D.
  • Advising the management team of Ascential plc’s political intelligence, research and stakeholder engagement business, DeHavilland, on its MBO with Bridgepoint.
  • Advising ECI on its acquisition of CSL (Dualcom), the international critical communications service provider.
  • Advising Inflexion on its acquisition of Sparta Global, the technology and training services provider.
  • Advising Lloyd’s Register in connection with the carve-out and sale of its energy services business to Inspirit Capital.
  • Advising US corporate and PE-backed (Oak Hill Capital Partners), Safe Fleet, on its acquisition of Durite, the UK’s leading brand for electrical, lighting and vehicle safety aftermarket products for commercial vehicles.
  • Acting for the incoming management team of the Addison Lee Group, the private car hire operator, in connection with its acquisition by a consortium of investors.
  • Acting for the management team of a KKR-controlled portfolio company on its management equity plan.
  • Acting for a UK real estate-focused investor and investment manager on its logistics joint venture with a US-headquartered global institutional alternative asset management firm.
  • Advising the management team of LDC-backed ADEY Innovation, a manufacturer and supplier of products and services that improve the effectiveness of heating, cooling and water treatment systems, on the sale of the company to Polypipe Group plc.
  • Advising the shareholders of Helios Medical Communications, a global healthcare communications and strategic consultancy, on the investment by NorthEdge.
  • Advising Baird Capital and the management of Prescient Healthcare Group, a global pharma services firm specialising in dynamic decision support and product and portfolio strategy, on the investment in the group by Bridgepoint Development Capital.
  • Acting for Endless LLP on its acquisition of Amscan International, the world’s largest designer, manufacturer and distributor of wholesale party products and supplies, from Party City.
  • Advising Tenzing on its acquisition of Motion Picture Licensing Group, the world’s leading global public exhibitions umbrella licence provider.
  • Advising shareholders and management on the buyout backed by MML of Roboyo, the leading robotic process automation consultant and software provider.
  • Advising MML Capital on its investment in Waystone (formerly DMS Governance), a specialist service provider to the asset management industry, and several subsequent platform acquisitions by Waystone.
  • Advising the senior management team of ERS Insurance, the UK’s largest specialist motor insurer, on the terms of PE investment led by Aquiline and Abry.

“We are keenly focused on our London Private Equity Practice,” commented European managing partner, Jonathan Jones. “We are very pleased with how the team has developed over the past year or so, with our lateral partner hires bringing with them a wealth of experience in advising many of the most sophisticated private equity sponsors on a wide-range of high-profile transactions. They have been a perfect fit for the practice and further bolster the firm’s existing top-notch global private equity M&A capabilities, adding further depth to our highly-talented bench of lawyers in London.”

“Our London Private Equity Practice continues to go from strength-to-strength,” added Paul Mann, leader of the UK Private Equity Team. “We had an extremely busy 2H 2020, which has continued into Q1 2021, with sponsors increasingly looking at healthcare, life sciences and tech-focused investments; the deal pipeline continues to look strong in these and other sectors as our private equity clients seek to deploy their capital. Our private equity lawyers have strong sector experience which, combined with the firm’s global, multi-service platform, means that we are ideally placed to provide best-in-class advice to private equity sponsors and financial institutions on complex deals in the UK, continental Europe and globally.”