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Lucas H. Carsley

European Counsel

Lucas H. Carsley

European Counsel
London +44-20-7959-8900+44-20-7959-8900 +44-20-7959-8950+44-20-7959-8950
[email protected]

Luke Carsley is a Special Counsel with broad experience in U.S. and cross-border mergers and acquisitions and capital markets. He has represented purchasers and sellers in a variety of public and private U.S. and cross-border M&A transactions, as well as issuers, investors and underwriters in public and private capital-raising transactions and exchange offers. He also provides corporate governance and U.S. securities law advice to companies in a range of industries and countries.

Mr. Carsley is based in the Firm’s London office and has also worked in the Firm’s New York and Paris offices.


M&A transactions
  • ‚ÄčBaker & 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
  • Allianz X, the digital investment unit of the Allianz Group, in its investments in Stripe, Inc and Pie Insurance
  • 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 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
  • 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