Lucas H. Carsley

M&A Transactions

• Qatar Investment Authority in several venture capital and private equity investments, including its Series G investment in Snyk Ltd. (cybersecurity) and its Series B investment in Ensoma Ltd. (biotech)
• Allianz X, the digital investment unit of the Allianz Group, in its investments in Stripe, Pie Insurance, OpenGamma, and Coalition Inc.
• EssilorLuxottica S.A. and GrandVision N.V. in its sale of VistaSì and other GrandVision assets to Vision Group S.p.A. and GrandVision N.V. in its sale of EyeWish and GrandOpitcal to Optic Retail International Group BENE, a member of MPG Austria
• Baker & Baker, formerly known as CSM Bakery Solutions Limited, a portfolio business of Rhône Capital, on the sale of Brill inc., its North American baking business, to Olympus Growth Fund VI, L.P
• Global Knowledge Training in its sale to special purpose acquisition company, Churchill Capital Corp II, from Rhône Capital as part of a three way business combination creating a $1.5 billion company
• Allianz SE on its merger of its real estate management business with Pacific Investment Management Company LLC (PIMCO)
• CSM Bakery Solutions Limited, a portfolio business of Rhône Capital, on the carve-out of its ingredients business by Investindustrial VII L.P.
• Rhône Capital LLC in its sale to BC Partners of its interest in Garda World Security Corp.
• Goldman Sachs and Rhône Capital LLC in the comprehensive recapitalization of Neovia Logistics
• Kering in the sale of its sports and lifestyle brand Volcom to Authentic Brands Group
• Rhône Capital LLC in its $950 million sale of Ranpak Corp. to special purpose acquisition company, One Madison Corporation
• Praxair in its $80 billion merger of equals with Linde AG
• UnitedHealth Group in its purchase agreement with the controlling shareholders of Empresas Banmédica (Chile) and the resulting $2.8 billion tender offer for all of Banmédica’s shares
• Rhône Capital LLC in its acquisition from Apax Partners of a majority interest in Garda World Security Corporation
• Standard Industries Inc. in its $2.1 billion acquisition of Braas Monier Building Group
• LATAM Airlines Group S.A. in its sale of a 10% equity interest to Qatar Airways
• Banco Bilbao Vizcaya Argentaria, S.A. in its $1.74 billion sale of its Mexican pension fund administrator, Administradora de Fondos para el Retiro Bancomer, S.A. de C.V., to Afore XXI Banorte
• Barclays Natural Resource Investments in its sale to The Carlyle Group L.P. of various interests in NGP Energy Capital Management and its affiliates
• Cúram Software Limited in its sale to IBM Corporation
• Silver Lake’s $8.5 billion sale of Skype Global S.à r.l. to Microsoft Corporation (Silver Lake led the investor consortium as seller in the transaction)
• Barclays PLC’s initial sale of its iShares business to CVC Capital and its subsequent $15.2 billion sale of Barclays Global Investors to BlackRock
• Allianz SE’s acquisition of its minority interest in the Italian insurer RAS
• PERILS AG and its shareholders (AXA, Allianz, Generali, among other shareholders) in the formation of an industry-wide insurance market data provider

Capital Markets

• Underwriters of Munich Re in its $1.25 billion issuance of subordinated Tier 2 green bonds (Rule 144A / Regulation S) (2022)
• Allianz SE in its dual tranche issuances of Restricted Tier 1 notes that comply with EU Solvency II regulatory capital requirements (Rule 144A / Regulation S) in 2020 and 2021 (total amount issued: $2.5 billion and €2.5 billion)
• Eastman Kodak in its sale of $200 million of convertible preferred stock to funds managed by Southeastern Asset Management
• Underwriters of United Bankshares, Inc. in a $200 million offering of common shares
• Underwriters of SunTrust Bank, Inc. in multiple offerings of senior and subordinated debt and preferred share issuances in SEC-registered and Section 3(a)(2)-exempt offerings
• Bell Canada in its renewal of its shelf registration statement on Form F-10
• Royal Bank of Canada in its $1.5 billion SEC-registered offering of subordinated debt qualifying as non-viability contingent capital under Canadian Basel III standards and RBC’s tender offer to purchase NYSE-listed preferred depositary shares
• BBA Aviation in its $1.22 billion rights offering in connection with acquisition of Landmark Aviation
• ING Groep offering of $2.25 billion SEC-registered Additional Tier 1 perpetual subordinated contingent convertible securities
• UBS Group AG SEC-registered exchange offer in connection with its new holding company structure
• Skype in its proposed SEC-registered IPO (superseded by sale to Microsoft)
• Barclays PLC in multiple capital raisings and exchange offers, including $3.9 billion SEC-registered exchange offer of Additional Tier 1 perpetual subordinated contingent convertible securities for outstanding capital securities, $2.0 billion and €1.0 billion SEC-registered Additional Tier 1 perpetual subordinated contingent convertible securities, £5.8 billion SEC-registered rights offering and £4.5 billion SEC-registered open offer
• Cembra Money Bank in its CHF 1.05 billion IPO (IPO of formerly GE Money Bank AG)
• Orion Engineered Carbons Bondco’s €600 million senior secured notes offering in connection with its acquisition of Evonik Industries AG’s carbon black business
• Underwriters of AXA in its €4.1 billion rights offering
• Multiple catastrophe bond offerings for AXA-sponsored and Allianz-sponsored vehicles for European windstorm and various other perils
• Allianz in its $2.0 billion perpetual subordinated debt offering