John Horsfield-Bradbury

Capital Markets

John has extensive experience in public and private offerings of equity and debt securities for a wide range of issuers. He is also actively involved in advising issuers listed in the United States on wide-variety of corporate governance matters:

• Anheuser-Busch InBev on a wide variety of securities issuance and liability management transactions including: in its repurchase of $200 million of its ordinary shares from Altria Group and the concurrent global offering by Altria of $2.2 billion of 35 million AB InBev shares. The two transactions reduced Altria’s 10 percent stake in the brewing company to 8.1 percent, its $8.2 billion rights offering in 2008, its debut listing of ADSs on the NYSE in 2009, multiple registered and unregistered debt offerings totaling over $100 billion, including the second largest bond offering of all time when it issued $46 billion aggregate principal amount of guaranteed notes to pre-fund the acquisition of SABMiller plc
• Budweiser Brewing Company APAC on its $5.75 billion initial public offering and listing on the Hong Kong Stock Exchange
• bp on over $13 billion hybrid bond offerings, offerings of over $60 billion of U.S.-registered notes and debt liability management exercises

• Cellink on its SEK 1.5 billion 2.875% senior unsecured convertible bonds due 2026 convertible into Class B shares of Cellink via an ABO and a directed issue of SEK 1.5 billion of new Class B shares
• CRH plc in the relocation of its primary listing to the New York Stock Exchange and in its $1.75 billion offering of SEC-registered senior guaranteed notes
• CyrusOne Inc. (CONE), a U.S. data center REIT, on its inaugural €500 million benchmark CSPP-eligible green-bond issuance
• Equinor on over $10 billion of U.S.-registered notes issuances
• The Goldman Sachs Group on over $50 billion of its notes offerings since 2008
• Haleon Group, the former consumer healthcare joint venture between GSK and Pfizer, on multiple transactions including: in its repurchase of $400 million in ordinary shares from Pfizer and the concurrent $3.1 billion U.S. registered secondary global offering by Pfizer of more than 790 million ordinary shares and American depositary shares of Haleon, as well as in connection with the demerger and listing of Haleon on the London Stock Exchange and NYSE and its $8.75 billion offering SEC-registered debt exchange offer
• JDE Peet’s N.V. on its inaugural $1.75 billion Rule 144A and Regulation S investment grade bond offering
• The Kingdom of Denmark on the update to its €50B EMTN Programme and the inaugural $2B issuance under this updated Programme
• International Airlines Group on its €2.75bn rights issue
• Pershing Square Holdings on its initial public offering and listing on Euronext Amsterdam
• Skandinaviska Enskilda Banken on its $1.85 billion rights offering
• SoftBank Group in a series of capital markets transactions which involved monetizing a portion of its shares of Alibaba Group Holding and in relation to its agreement with Deutsche Telekom AG to monetize its stake in T-Mobile US, Inc
• Telia Company on its €427 million placement of shares in Turkcell IIetsim Hizmetleri AS
• UBS Group AG in its $3.5 billion offering of two tranches of contingent convertible notes qualifying as additional tier 1 capital for Swiss regulatory purposes to US investors in reliance on Rule 144A
• XXL, the largest Nordic sports retailer, in connection with its initial public offering and listing on the Oslo Børs
• ZIM Integrated Shipping Services Ltd., advising the underwriters, on its $250 million initial public offering and listing on the NYSE and on its $279 million secondary offering of shares

M&A

John has advised a broad array of multinational organizations on transformational global transactions including:

• Anheuser-Busch InBev on its acquisition of SABMiller plc, the biggest ever takeover of a London-listed company; and on the sale of a 49.9% stake in its U.S. based metal container production plants to Apollo for approximately $3 billion
• Barclays on the $15.2 billion sale of the Barclays Global Investors business to BlackRock
• bp on its agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company to acquire a minority interest in Abu Dhabi’s ADCO onshore oil concession in exchange for 2% of bp’s issued share capital
• Credit Suisse on the acquisition of the private wealth management business in Europe, Middle East and Africa of Morgan Stanley
• Cúram Software on its acquisition by IBM Corporation
• e& on multiple transactions including:
  • its announced expansion into Central and Eastern Europe through an investment in a majority stake in PPF Telecom
  • its acquisition of a 15% stake in Vodafone Group Plc and the entry into a relationship agreement with Vodafone providing for board representation as the largest shareholder
• e& PPF Telecom Group, a subsidiary of e&, on its acquisition of 100% of Serbia Broadband from United Group and BC Partners
• Silver Lake Partners and Skype on the $8.5 billion acquisition of Skype by Microsoft
• Telia Company, the pre-dominant Swedish telecommunications company on a significant number of critical matters including:
  • the sale of all of its common shares in Spotify Technology for an aggregate cash consideration of approximately $272 million
  • the sale of its 47% interest in Turkcell (the leading mobile operator of Turkey) to the Turkey Wealth Fund for $530 million
  • the sale of its mobile telecommunication business in Moldova, Moldcell to CG Corp Global
  • the sale of its majority interest in Azercell (a leading Azeri telecommunications operator ) to a company wholly owned by the Republic of Azerbaijan, for €222 million
  • the sale of its mobile telecommunication business in Georgia, Geocell, to Silknet JSC, a Georgian wireline telecommunications operator, for total consideration of approximately $153 million
  • the sale of its majority interest in Kcell (the leading Kazakhi telecommunications operator) to the telecom operator Kazakhtelecom, which is controlled by the sovereign wealth fund Samruk-Kazyna for $446 million