Our key experience includes advising:
Global Infrastructure Partners an independent $5.64 billion investment fund, on its agreement with BAA Airports Limited to acquire London Gatwick Airport for £1,455 million in cash. This was one of the most strategically significant deals in the infrastructure sector in 2009 ('Acquisition of the Year', Infrastructure Journal awards 2009 ), and the largest leveraged deal in the UK in 2009.
Cadbury on a cash and share final offer by Kraft Foods Inc. The final offer valued Cadbury at approximately £11.9 billion. Working with Cadbury’s advisers on the defence strategy over £2.1 billion of additional value was generated for Cadbury shareholders.
HM Treasury, working alongside Treasury Legal Advisers, on the the establishment and implementation of the Asset Protection Scheme (APS). The APS is the UK’s scheme for dealing with toxic assets. It forms a central part of the Government’s comprehensive package of measures designed to reinforce the stability of the financial system, increase the capacity of banks to lend and to support the recovery of the economy. The APS is the largest and most complex asset insurance arrangement of its kind.
Cable & Wireless Communications in defeating substantial claims brought against it by its Caribbean competitor, Digicel, in the High Court. The claims, which included allegations of conspiracy, related to the liberalisation of the telecoms markets in seven Caribbean countries during the period 2002-2006. The trial spanned a seven month period and involved evidence from 43 witnesses from over 10 different jurisdictions. The judgment addresses important legal questions on the private actionability of statutory obligations as well as the law of conspiracy. It also provides helpful guidance for the telecoms industry on important commercial and regulatory issues which only rarely come before the courts.
Lend Lease on its role as development partner of the Olympic Delivery Authority for the Olympic Village for the 2012 Games, in particular letting all of the construction contracts for the residential apartments and associated infrastructure within the Olympic Village.