UK Tax Practice

Sullivan & Cromwell’s UK Tax team provides bespoke advice on a number of areas, such as employee benefits, tax-based structured finance and funds. The team also has considerable experience in mergers and acquisitions, corporate finance transactions and tax controversies.

Recent highlights of the UK tax group’s work include representing:

• The Bank of New York Mellon Corporation on its sale of BNY Alcentra Group Holdings, Inc., one of the largest European credit and private debt managers
• The Bank of N.T. Butterfield & Son Limited in its agreement with Credit Suisse for the acquisition of Credit Suisse Trust’s businesses based in Guernsey, Singapore and The Bahamas
• Barclays Bank as administrative agent and sole bookrunner to Cineworld in its Chapter 11 restructuring which involved a $1.935 billion Debtor-In-Possession credit agreement
• CNH Industrial on the demerger of its On-Highway business into Iveco Group NV

• e& on tax matters in relation to its acquisition of a passive 9.8% stake in Vodafone Group Plc for $4.4 billion
• Fiat Chrysler Automobiles on its merger with Peugeot to create new company Stellantis
• Fiat Chrysler Finance Europe on an EU state aid investigation and in its successful appeal against the decision
• Goldman Sachs Asset Management, through its infrastructure investing business, in the establishment of Verdalia Bioenergy
• Goldman Sachs’ Asset Management Division on the pending acquisition of LeasePlan by ALD
• Highbridge Capital Management and Whitebox Advisors in certain recapitalization transactions intended to provide Biocartis Group with approximately €66 million
• Linde in its intercompany reorganization that resulted in the delisting of Linde’s ordinary shares from the Frankfurt Stock Exchange
• Watlow Electric Manufacturing Company (a portfolio company of Tinicum Incorporated) in its acquisition and carveout of the Eurotherm business from Schneider Electric Industries SAS
• West Street Infrastructure Partners in Calisen’s pending acquisition of MapleCo