Philip Broke | White & Case LLP International Law Firm, Global Law Practice
Philip Broke
Philip Broke

Philip Broke

Partner, London

T +44 20 7532 2110

T +44 20 7532 1000

E pbroke@whitecase.com

in LinkedIn profile

“Philip Broke is described by sources as a ‘very, very knowledgeable’ individual who is ‘incredibly proactive’.”

Chambers UK 2015

Overview

Philip Broke's practice focuses on mergers and acquisitions and equity capital markets, and he has extensive experience in public mergers and acquisitions.

He is a Partner in the M&A/Corporate Group in the Firm's London office where he works on complex domestic and international transactions.

Philip counts public listed companies, international corporations, investment banks and funds among his clients. Recent such organisations that have benefited from his expertise include Bank of America Merrill Lynch, Deutsche Bank, GSO, ICBC, Jefferies, JP Morgan, New World Resources plc, Royal Bank of Canada, Hikma Pharmaceuticals plc, International Personal Finance plc and Sinclair IS Pharma plc. Significant recent transactions include Industrial and Commercial Bank of China Ltd’s acquisition of a majority stake in Standard Bank plc, and New World Resources plc’s financial restructuring, rights issue and placing.

Bars and Courts

  • England and Wales

Education

  • MA, Cambridge University

Languages

  • English

Experience

Mizuho Securities on its landmark £24.3 billion UK tech acquisition

Japanese investment banking and securities firm Mizuho Securities as financial adviser to SoftBank Group Corp. (SoftBank) on its landmark acquisition for approximately £24.3 billion of ARM Holdings plc (ARM). UK-based ARM is the world's leading semiconductor intellectual property supplier. Its technology is embedded in more than 95 percent of smart phones and more than 30 percent of all chips with processors sold worldwide during 2015. Japan's SoftBank is one of the leading operators and investors in the global technology, internet and wireless sectors. Its operating businesses consist of market leading companies in the advanced telecommunications and consumer internet sectors, including SoftBank Telecom, Sprint Corporation and Yahoo! Japan.

£1.7 billion takeover of TSB Banking Group by Banco de Sabadell S.A., 2015

Goldman Sachs International, financial adviser to Banco de Sabadell S.A., a leading Spanish bank, in its £1.7 billion public cash offer of TSB Banking Group plc, a major UK bank.

Sale of Miniclip to Tencent, 2015

Miniclip and its shareholders on the sale of a majority of the shares to Tencent, a huge Chinese games company. In addition to the share sale, the deal featured a multi-tier put option structure and shareholders agreement.

Acquisition of MCB Finance plc by International Personal Finance plc, 2015

International Personal Finance plc, a British-based international home credit business listed on the London Stock Exchange on the acquisition by public offer of MCB Finance plc.

€1.4 billion offer for Aer Lingus Group plc by International Consolidated Airlines Group SA, 2015

Deutsche Bank as the financial adviser of International Consolidated Airlines Group SA in connection with its €1.4 billion offer for Aer Lingus Group Plc, the national flag carrier airline of Ireland.

Afren plc on its corporate restructuring, 2015

Afren plc, the Africa-focused FTSE 250 oil exploration and production company, on its corporate restructuring. White & Case is the principal legal adviser on this deal involving amendments to secured facilities, bond restructurings, equity offerings and amendments of interests in the underlying oil & gas assets.

Industrial and Commercial Bank of China Ltd.'s acquisition of a majority stake in Standard Bank Plc, 2014

Philip led an international team drawn from lawyers in Europe, the United States and Asia, that advised the Industrial and Commercial Bank of China Limited (ICBC) on its acquisition of a majority stake in Standard Bank Plc, for around US$770 million. The result of the deal was a joint venture between ICBC and Standard Bank Group, Asia's largest bank and Africa's largest bank, to develop and grow the global markets business to which Standard Bank Plc will be dedicated. Philip championed this significant and complex transaction that demonstrated the strength of London as a global hub for finance and business, and the primacy of English law in significant cross-border transactions of this nature.

Qualcomm Inc's £1.65 billion public offer for CSR Plc, 2014

Philip represented Deutsche Bank as the financial advisor to Qualcomm Incorporated, a world leader in 3G, 4G and next-generation wireless technologies, in its £1.65 billion (US$2.5 billion) public offer for CSR, a designer and developer of silicon, software and services for the consumer electronics market.

New World Resources on its rights issue and restructuring, 2014

Philip represented New World Resources Plc, a Central European hard coal producer, on its major financial restructuring and rights issue and placing, which raised €150 million. This transaction won "2014 Industrial Goods and Basic Resources Deal of the Year" at M&A Advisor's Turnaround Awards.

Awards & Recognition

Leading Lawyer:, Chambers UK 2015, Chambers Global 2014

Corporate/ M&A – UK

Leading Individual:, The Legal 500, 2014

M&A and Equity Capital Markets – UK