Vanessa K. BlackmorePartner
Vanessa Blackmore is a partner in the London office and is qualified to practice English law. She has a broad-based domestic and international corporate practice, advising on mergers and acquisitions, private equity and hedge funds, international equity and debt capital markets financings, debt liability management, corporate restructurings, privatisations, joint ventures and on corporate governance and compliance issues. She has considerable experience in complex cross-border transactions and capital markets matters.
Rankings and Recognitions
Ms. Blackmore has been named as one of IFLR 1000’s Women Leaders - an elite cohort of leading female transactional experts in local markets globally. She is recognised as one of the “50 Most Influential Women in the Law” by Legal Business magazine, as a “leading practitioner in the Capital markets field” by Euromoney’s Women in Business Law Expert Guide 2019, and was honored as “Outstanding Practitioner of the Year” by Euromoney, Women in Business Law Awards: Best in Debt, Best in Equity, among other notable guides to the legal profession. She is recommended as a leading lawyer for capital markets in consecutive recent editions of Chambers Global, Chambers Europe, Chambers UK and The Legal 500 United Kingdom, as well as for M&A and capital markets (equity) in IFLR1000. She is a contributing editor to Tolley’s, International Financial Law Review and to Capital Markets Law Journal.
Ms. Blackmore is a visiting lecturer and an external examiner for the LLM in International Finance at King’s College, University of London.
SELECTED REPRESENTATIONSCapital Markets
Vanessa has extensive equity and debt capital markets experience, and frequently advises at all levels of the capital structure, often working with companies coming to market for the first time. Her experience includes:
- IPOs/Listings: Advised Carel Industries S.p.A, Pershing Square Capital Management on the formation of Pershing Square Holdings and on its IPO and Euronext listing, Coca-Cola HBC on its redomiciliation to Switzerland and relisting on the London Stock Exchange (premium segment), and also in relation to: Justice Holdings, Mail.ru Group Limited, Doncasters, GlobeOp Financial Services, Orchestream Holdings, BorsodChem, Platform Acquisition Holdings and Crown Castle; Royal and Sun Alliance Insurance Group on its NYSE listing, Cable & Wireless Communications on its London and NASDAQ listings and Marconi Corporation on its London and NASDAQ listings as part of its financial restructuring
- Rights Issues/Secondary Offerings: Asian Infrastructure Investment Bank on its inaugural $2.5 billion aggregate principal amount of AAA-rated 2.250% notes due 2024, UBS, Skandinaviska Enskilda Banken, CNH Industrial S.p.A., Sketchley, Mail.ru Group, Dolphin Capital Investors, Collins Stewart, Anglo Gold Ashanti, PT Inco and Volkswagen
- Equity-linked Issues: Anglo American, Cable & Wireless, BAA, Liberty International, United Business Media, Espirito Santo Financial Group
- Debt Issues and Debt Liability Management: Signify on its inaugural €1.275 billion Eurobonds, comprising of €675 million fixed rate notes due 2024 with a coupon of 2.000% and €600 million fixed rate notes due 2027 with a coupon of 2.375%; Koninklijke Philips N.V. in the establishment of its €10 billion Euro Medium Term Note Programme listed on the Official List of the Luxembourg Stock Exchange; the initial purchasers in Jaguar Land Rover Automotine plc’s Rule 144A and Regulation S offering of €500 million of its 5.875% guaranteed unsecured notes due 2024 and €300 million of its 6.875% guaranteed unsecured notes due 2026; United Mexican States on its SEC-registered offering and first liability management (completing a global offering of $1.455 billion aggregate principal amount due 2029 and $2.1 billion aggregate principal amount due 2050), Enel S.p.A on its $3 billion three tranche-offering of notes, Jaguar Land Rover Automotive plc on its Rule 144A and Regulation S offering of €500 million of its 4.500% guaranteed unsecured senior notes due 2026, Royal Philips on its €500 million floating rate notes offering, Equinor (formerly Statoil) on its €20 billion medium term note programme, Ferrari on its €800 bond offering in 2017 and its €500 million bond offering in 2016, TDF Infrastructure on its €800 million bond offering, Eksportfinans on the successful defence of an event of default claim in respect of two series of Samurai bonds brought against it by the US hedge fund, Silverpoint, in the Japanese courts, advised on debt liability management issues including in relation to Fiat Industrial on its redomiciliation to The Netherlands, Coca-Cola Hellenic on its redomiciliation and subsequent group reorganisation, Equinor (formerly Statoil) in relation to the reorganisation of its NorskHydro business and ENEL on its reorganisation, advised on numerous tender offers including most recently in relation to JaguarLandRover, CEMEX and Coca-Cola Hellenic; advised the underwriters on the $1 billion debut multi-tranche high-yield debt offering by JaguarLandRover and five subsequent debt offerings, BG Group on its debut $1 billion yankee bond offering in 2011 and its further offering of $3 billion notes in 2011 and Equinor (formerly Statoil) on its London listed debt issuances in 2013. She also represents CNH Industrial N.V., Eksportfinans, Equinor (formerly Statoil), Coca-Cola Hellenic, Fiat Chrysler Automobilies N.V., Goldman Sachs Group, Nomura and Phillips Lighting in relation to Euro medium-term debt. She has also acted on debt offerings for China Shenhua Energy Company Limited, ENN Energy, BHP-Billiton, AT&T, Anglo American, Iberdrola, Eni, Brit Insurance, Cable & Wireless Communications, CalEnergy, mmO2, London Electricity, Royal & Sun Alliance Insurance Group, SMC Global Power Holdings, Development Bank of Japan, Japan Finance Organisation for Municipalities, Japan Finance Corporation, Republic of Iceland and Republic of Ireland, among many others
- Advised in relation to its proposal to rescue and on the financial restructuring of hibu, Marconi, Meridien Hotels and Boxclever, which included transferring control of the U.K.’s first whole business securitisation
- Vanessa’s M&A practice focuses on private and public M&A transactions, strategic investments and joint ventures, representing both principals and financial advisers. Her experience includes:
- M&A, corporate advisory and transactional matters: Fara Holdco Limited, owners of the Bibby Offshore group of companies, in its merger with Rever Offshore AS; York Capital, in relation to Globalworth Real Estate Investment Limited; Standard Industries on its acquisition of Icopal from Investcorp Ltd; Concordia Healthcare Corp. on its acquisition of Amdipharm Mercury Limited from Cinven; Credit Suisse on its acquisition of Morgan Stanley’s EMEA private wealth management business; Validis on its acquisition of Future Route; York Capital on its strategic investment by Credit Suisse; J.C. Flowers in relation to Chelsea Permanent Capital Holdings; York Capital on joint venture arrangements between York and CMRE; Evercore on its acquisition of ISI; SunTrust in relation to a proposed acquisition by Henderson of its Ridgeworth asset management business (abandoned); Aquiline Capital Partners on its acquisitions of CRT Capital Group and Conning; IntercontinentalExchange on its acquisition of International Data Corporation and on its joint bid with NASDAQ to acquire NYSE Euronext (abandoned); Occidental Petroleum Corporation on its acquisition of Phibro LLC; TeliaSonera on its cash tender offers for AS Eesti Telecom and Teo LT AB; Mitsubishi UFJ Financial Group on its strategic investment in Morgan Stanley and related joint venture arrangements; BAA on its defence of the bid from Ferrovial; Imperial Chemical Industries on the carve-out and disposal of its ethanol and methanol businesses as part of a wider disposal programme; Cable & Wireless on the formation of Cable & Wireless Communications, through the combination of Bell Cable Media, NYNEX CableComms, Mercury and Videotron; Marconi on the reverse takeover of Easynet by Fibreway, on its joint venture arrangements with Railtrack, British Waterways Board and on its acquisition of APT; and advising KPN on the disposal of its Vision Networks cable business
- Advising various consortia of international investment banks on their involvement in several electronic trading platforms including CurveGlobal, Trad-X , L-Max and TPSwapDeal and advised Chi-X on the establishment of its equity trading platform