Transactions are increasingly complex and competition is intense among private equity firms and other investors. Experience, speed and the ability to innovate have become more important than ever.
The amount of time it takes to structure a private equity transaction can make or break a deal. When the stakes are high and time is short, private equity leaders turn to us to develop creative strategies to help them win auctions, mitigate risks and close deals quickly. From groundbreaking, monumental acquisitions to smaller strategic add-on deals, our private equity teams have implemented transactions with precision and care for established institutions, entrepreneurs and emerging visionaries alike.
When structuring a transaction, we begin by thoroughly evaluating the investment under consideration and acquisition proposals with value-add in mind. Our lawyers advise you on structuring and presenting bids, negotiating and drafting acquisition agreements and financing documents, offering guidance and insight right through to the end of the transaction. Our team supports clients through all stages of a deal, including:
Our clients rely on us to provide them with sound solutions and first-rate representation in every major area of law, industry and global jurisdiction.
Our teams support private equity clients everywhere in the world – in the Americas, Europe, the Middle East, Asia and Africa. We have offices in all major financial centers and virtually every significant emerging market.
We know the private equity world. We are experienced at all levels of the capital structure, and offer clients dedicated "sponsor focused teams", regardless of where in the capital structure you are investing or exiting. We offer access to all US and European forms of debt financing and will shape our team to meet our clients' needs.
We are the original innovators of the dedicated portfolio company team concept. We have a team of private equity lawyers who help support the relationship between sponsor and portfolio company by advising portfolio companies on all aspects affecting their capital structures, management incentive structures, strategic issues and other advisory work. This team, which is staffed with corporate and finance lawyers, is responsible for delivering our full service capability to portfolio companies on a one-stop-shop basis.
Our private equity team is a highly integrated, multi-disciplinary group with lawyers who know how to get deals done. We are collaborating from across our network of offices to provide clients with seamless service and deep industry experience, even on the most complex of mandates involving multiple specialties and jurisdictions. Our private equity practice works closely with professionals across the Firm including:
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AWARDS & RECOGNITION
Ranked Band 4 Globally for Private Equity
Chambers Global 2016
Ranked #1 for Global and European M&A by value (Q1 2016)
Ranked #3 in Europe (by volume) and #8 in the US (by value) for Private Equity Buyouts
Mergermarket League Tables
Ranked #1 for Global, US, European and Cross Border M&A by value (Q1 2016)
Bloomberg League Tables
Cross-Border Life Sciences Deal of the Year (CVC/Alvogen)
M&A Advisor's International M&A Awards 2016
Ranked Tier 1 in Private Equity (US National)
Best Lawyers 2015
CEE Legal Advisor of the Year
Mergermarket European M&A Awards 2015
White & Case's Private Equity Portfolio Team was "commended" for its innovation for its Client Service
Financial Times Innovative Lawyer Awards 2014 and 2015
"White & Case's unique global platform, which incorporates particular strength in London and Europe, has helped the US practice enormously in growing and diversifying its client base…In addition, the firm's global standing in finance makes the private equity team an even more compelling proposition to clients."
The Legal 500 US 2015
European Private Equity Legal Adviser of the Year
Mergermarket European M&A Awards 2014
US M&A and Buyout Team of the Year
The Legal 500 2014
Acquisition of Innovia Group, 2014
We advised the first new fund raised by Arle Capital since its spin out from Candover in 2009 on its acquisition of the UK-based substrate manufacturer Innovia Group for €498 million.
Sale of Minority Stake to CVC Capital Partners, 2014
We represented Avast Software, one of the world's major players in the antivirus market, and a selling shareholder consortium, on the sale of a significant minority stake to CVC Capital Partners. Supporting the successful completion of the deal included advising on the new US borrower financing that supported CVC's acquisition of an approximate 40 percent interest in Avast, which values the Prague-based business at around US$1 billion.
Sale of Spotless Group, 2014 / Allflex, 2013
We represented BC Partners on the sale of Spotless Group, the French maker of laundry and cleaning products, to Henkel AG for €940 million. Previously, we represented BC Partners on its US$1.3 billion acquisition of Allflex, the world's leading manufacturer and distributor of plastic and electronic animal identification tags, from Electra Partners.
BLACKROCK AND FIRST RESERVE
Historic Investment in The Los Ramones Phase II Project, 2015
We advised BlackRock and First Reserve in their acquisition of a 45 percent interest in two natural gas pipelines in Mexico from PMI. This is the first major PEMEX-sponsored midstream asset to be built in partnership with foreign capital since the approval of Mexico's historic Constitutional Energy Reform in 2013.
Acquisition of Red Oak power plant, 2013
We represented Cogentrix Energy Power Management, a portfolio company of The Carlyle Group, in its acquisition of an 830 MW gas-fired combined-cycle power plant owned by Energy Capital Partners located in Sayreville, New Jersey.
CVC CAPITAL PARTNERS
Acquisition of a Controlling Stake in Alvogen, 2015
We advised CVC Capital Partners in leading a consortium including Temasek Holdings and Vatera Healthcare Partners in their acquisition of a controlling stake in Alvogen, a leading generic pharmaceuticals company.
ELECTRONIC FUNDS SOURCE
Sale of Corporate Payment Solutions Company to Warburg Pincus, 2014
We represented Electronic Funds Source LLC, a leader in innovative corporate payment solutions, in its sale to an affiliate of Warburg Pincus, LLC by its existing equity holders, an investor group consisting of an affiliate of CVC Capital Partners and Pilot Travel Centers LLC, First Data Transportation Services, Inc. and FJ Management Inc.
Takeover Offer for Sanitec by Geberit, 2014
We represented EQT, the principal shareholder of Sanitec, in the SEK 9.7 billion offer by Geberit Aktiengesellschaft for all of the shares in Sanitec which are listed on NASADAQ Stockholm.
Acquisitions and Dispositions, 2015 and 2016
We represented Harvest Partners in the acquisitions of Advanced Dermatology and Cosmetic Surgery, VetCor, Valet Waste, DCA Investment and its add-on acquisition of North East Dental Management; and in the dispositions of Cycle Gear, Inc., Driven Brands, Inc. and AxelaCare Health Solutions.
Acquisition of Nyfix/Metabit/Visma, 2014
We represented HgCapital portfolio company Ullink on its acquisition of Nyfix/Metabit businesses from Intercontinental Exchange. We also advised HgCapital V on the sale of its interest in Visma Holding Group and HgCapital VII on its acquisition of Visma Holding Group.
Acquisition of The Foundry, 2015
Representation of HgCapital on the £200 million acquisition of The Foundry, the leading imaging technology company.
MID EUROPA PARTNERS
Sale of T-Mobile Czech Republic to Deutsche Telekom, 2014
We represented Falcon Group, a consortium of investors 75 percent controlled by funds managed or advised by Mid Europa Partners, on €828 million sale of its entire stake in T-Mobile Czech Republic a.s. to Deutsche Telekom AG. This deal was a culmination of more than three years of work for Falcon Group, including the €574 million sale of Ceské Radiokomunikace, a.s. to Macquarie Group in 2011 and €365 million leveraged recapitalization of Falcon Group in 2012.
Acquisition of Clates Holding BV and Danube Food Groups, 2015
Represented Mid Europa Partners on the acquisition of the entire issued share capital of Clates Holding BV and Danube Food Groups BV by Adriatic Bidco BV from Diandra Corporation NV which included a London financing on a billion dollar buyout in Serbia and was the biggest buyout in CET this year.
Acquisition of Lindorff, 2014 / Sale of Nycomed, 2011
We represented Nordic Capital in its €2.3 billion acquisition of Lindorff, one of the largest debt collection companies in the world, from Investor AB and Altor funds. In terms of deal value, this is one of the largest leveraged buy-outs (LBOs) ever made in Sweden.
QATAR INVESTMENT AUTHORITY
US$2.9 Billion Sale of Luxury Hotel Group to AccorHotels, 2015
We represented FRHI Holdings Limited (FRHI), Qatar Investment Authority (QIA) and Kingdom Holding Company of Saudi Arabia on the US$2.9 billion stock-and-cash sale of FRHI, the parent company of luxury hotel brands Fairmont, Raffles and Swissôtel, to AccorHotels.
Acquisitions and dispositions, 2015 and 2016
We represented Quad-C Management in its acquisitions of The Wolf Holdings Organization and VMG Health; and in the sale of Balboa Water Group to AEA Investors. We also represented Quad-C Management's portfolio company InterWrap Holdings, Inc. in the US$450 million sale of all of InterWrap's directly and indirectly held equity interests to a wholly-owned subsidiary of Owens Corning.
Acquisition of ASK Chemicals, 2014
We represented Rhône Capital LLC on the €257 million acquisition by its affiliates of ASK Chemicals GmbH from Ashland Inc. and Clariant.
Acquistion of the Almatis Group, 2015
White & Case advised Oyak Girisim Danismanligi, the largest privately owned pension fund of Turkey, on its acquisition of the Almatis Group (a global supplier of premium alumina for the refractory, ceramic and polishing industries) from its shareholders, including majority owner Dubai International Capital LLC.