Mergers and acquisitions
Withers has extensive experience of advising on public company takeovers, private equity investments, leveraged buyouts and other corporate transactions.
We help develop strategies for achieving our clients’ business objectives. Whether you are a public or private company, our team can guide you through the complex negotiations necessary to complete a merger, acquisition or disposal.
Sometimes these negotiations are contentious, as when we advised a minority stakeholder in their bid to buy out other shareholders and gain control over a target company – a move opposed by that company’s board. We challenged the board’s actions and won, eventually structuring a deal advantageous to our client.
When acquisitions cross borders, we leverage the full power of our international team to get the deal done quickly and in line with regulations in each country. A global team of lawyers from our offices in London, Milan, Hong Kong and Singapore recently assisted Renault with the $1.5 billion acquisition of Lotus F1. In the nine-month process, we were able to extract Renault from engine-supply agreements with other F1 teams without any money changing hands. We also obtained an unprecedented four separate court adjournments to stave off more than a dozen creditors intent on forcing Lotus into liquidation.
More than 500 jobs at Lotus were saved, and Renault’s future in Formula 1 was secured. ‘It’s rare to be able to affect people’s lives as directly as we did in that project,’ notes partner Anthony Indaimo, who oversaw the multi-party, multi-jurisdictional deal.
In the US, a team led by Ridgway Barker, represented one of the world’s largest manufacturers of graphite and carbon-based products in its $150 million convertible preferred stock issuance, followed by a tender offer and merger with a value of $695 million.
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