Sullivan & Cromwell’s London office advises on both English and U.S. law aspects of many notable and high-profile transactions. Recent London office M&A/Private Equity experience includes representations of:
  • Alcatel-Lucent on its $16.6 billion acquisition by Nokia
  • Bayer on its proposed $66 billion acquisition of Monsanto; and on the $7 billion sale of technology and assets associated with its glufosinate
  • BBA Aviation on its $2.065 billion acquisition of Landmark Aviation from affiliates of The Carlyle Group
  • BP on its agreement with Bridas Corporation to form a new integrated energy company – Pan American Energy
  • Caisse de dépôt et placement du Québec (CDPQ) on its C$1.9 billion investment, in the form of debt and equity, to support SNC-Lavalin’s global expansion projects, including its acquisition of WS Atkins
  • Canada Pension Plan Investment Board on its investment in Entertainment One, Associated British Ports and Sony Corporation and increase in ownership of NEW Asurion
  • Diebold Nixdorf on the sale of its legacy Diebold business in the U.K. and Ireland to Cennox
  • Elis on its takeover of Berendsen
  • Fifth Third Bank, as the largest shareholder in Vantiv, in relation to Vantiv’s €8 billion takeover of Worldpay
  • Goldman Sachs Merchant Banking Division on its acquisitions of Northgate Information Solutions, Navico A/S, C-MAP, Trackunit, DONG Energy, Hamlet Protein and LeasePlan N.V. and the sale of shares in Hastings Group Holdings plc and Rothesay Life
  • Kennedy Wilson Europe Real Estate (KWE) on its merger with Kennedy-Wilson Holdings
  • Praxair on its proposed $67 billion merger-of-equals with Linde
  • Rhône Capital in connection with its affiliated investments funds’ acquisition of Zodiac Pool Solutions SAS, an investment in Garda World, an additional investment in CSM and the subsequent combination of Zodiac Pool Solutions and Fluidra, a Spanish-listed company
  • Philips on its acquisition of Electrical Geodesics, a neurodiagnostic medical device company
  • The Bank of N.T. Butterfield & Son Limited on its acquisition of Deutsche Bank’s Global Trust Solutions business
     
Recent London office Capital Markets, Leveraged Finance and Lending  experience includes representations of:
  • Anheuser-Busch InBev on the financing of its £79 billion combination with SABMiller, which included a $46 billion SEC-registered public offering
  • Barclays on its extensive SEC-registered debt issuance programmes and on its sell-down of its interest in Barclays Africa Group
  • BP on its SEC-registered debt offerings
  • CNH Industrial in relation to its revolving credit facility, EMTN programme and U.S. high yield capital markets financings
  • Coca-Cola HBC Group in connection with its €3 billion Euro Medium Term Note Programme
  • CNH Industrial in relation to a revolving credit facility
  • CRH on its commercial paper programme
  • Enel on its $5 billion three-tranche offering of notes and on a $3 billion, three tranche-offering of notes, all in reliance on Rule 144A and Regulation S
  • European Investment Bank, advising the underwriters, on its SEC-registered offerings
  • Ferrari with respect to debt securities under Regulation S
  • Fiat Chrysler Automobiles in connection with its EMTN programme
  • Goldman Sachs Merchant Banking Division, as selling shareholders, on the IPO and London premium listing of Hastings Insurance and the IPO of DONG Energy, and subsequent follow on offerings
  • The initial purchasers to Jaguar Land Rover Automotive, on its senior notes offerings
  • Orion Engineered Carbons on the sale of its shares by its shareholder, Kinove, via registered secondary offerings
  • Philips on its Eurobond of €1 billion floating notes and in the prepayment of the €1 billion bridge loan to fund the acquisition of The Spectranetics Corporation
  • Standard Chartered in connection with its EMTN debt issuance programmes involving public offerings in Europe
  • Statoil on its €20 billion EMTN programme
  • TeliaSonera and Sonera Holding on the sale of approximately 153.5 million shares in Turkcell

Recent London office Restructuring experience includes representations of:
  • Advising the coordinating committee of bank creditors on the global restructuring of Abengoa – “Legal Adviser of the Year, 2017,” Institute for Financial Turnaround
  • Advising the committee of unsecured noteholders on the $3 billion global restructuring of Algeco Scotsman
  • Advising the ad hoc group of senior secured noteholders in connection with the restructuring of Brighthouse Group
  • Advising Royal Bank of Scotland, as lender and intercreditor agent, and HSH Nordbank as lender to Danaos Corporation on the negotiation with creditors to restructure its debts
  • Advising an ad hoc group of revolving Lenders on the Expro bankruptcy
  • Advising the shareholders of Four Seasons Healthcare in connection with its debt restructuring
  • The lenders to GulfMark Americas, in respect to its debt restructuring
  • Pacific Drilling on its refinancing and restructuring of its $3 billion long-term high-yield bank debt governed by English-and New York-law
  • Paragon Shipping on restructuring negotiations with its lenders
  • Advising the senior lenders in connection with the restructuring of Slater and Gordon and its subsidiaries
  • Towergate senior secured creditors in connection with Towergate’s restructuring, which involved a pre-pack administration and scheme of arrangement and led to a 60% reduction in Towergate’s net debt and a 103% recovery for S&C clients
  • York Capital, who led the ad hoc committee of senior secured note holders, in relation to Bibby Offshore Group’s financial restructuring and recapitalisation

Recent London office Project Development and Finance experience includes representations of:
  • Ambatovy on its complex restructuring of the project debt
  • Baku-Tbilisi-Ceyhan Pipeline Company on the closing of a refinancing term loan facility of $1.6 billion
  • Centerra Gold on the settlement of its dispute between Centerra Gold and the Government of Kyrgyzstan regarding the Kumtor gold mine project in Kyrgyzstan
  • Emirates Aluminium Company on ongoing advice related to the $4 billion project financing for the Phase II expansion of its aluminium smelter at Al Taweelah, Abu Dhabi
  • Rio Tinto (sponsor) and Oyu Tolgoi (project company) in relation to the $4.4 billion multi-source financing for the Oyu Tolgoi copper and gold mine project in Mongolia
  • Tengizchevroil LLP (TCO) on its $16 billion project financing, related to the Tengiz field, one of the world’s deepest giant oil fields, and the nearby Korolev field in western Kazakhstan, close to the Caspian Sea

Please see the links below for further details of the London office’s U.K. tax, EU competition law and international private client practices.