UK | United Kingdom | White & Case LLP International Law Firm, Global Law Practice
United Kingdom
United Kingdom

United Kingdom

About

Our London team works at the heart of one of the world's leading financial centres and the international hub for English law.

Clients turn to us to help them navigate complex matters involving domestic UK and multiple jurisdictions. Whether London-based or headquartered elsewhere, we advise a wide range of clients on the complex and challenging issues they face on the world stage. We help them succeed in overcoming their cross-border, multijurisdictional challenges and enable them to pursue their most important business and investment goals.

We work with an established list of global clients, which includes some of the most noteworthy names in the financial, corporate, institutional and government sectors.

Our reputation is built on an ability to execute tough deals in challenging places, whether at the highest levels of global corporate life, in transitioning markets or across our London-New York axis. Our global footprint and the deep local knowledge of colleagues across countries and continents make this possible.

 

AWARDS & RECOGNITION

Firm of the Year in Finance
The Legal 500 UK 2015

Number One Global Law Firm
Law 360 2014

European Law Firm of the Year
Chambers Europe 2014

International Law Firm of the Year
The Lawyer 2013

Chapter 11 Reorganization of the Year
The M&A Advisor 2014

Global Citizenship Award
The American Lawyer 2013

Experience

£24.3bn acquisition of ARM Holdings, September 2016
We represented Japanese investment banking and securities firm Mizuho Securities as financial adviser to SoftBank Group Corp. on its landmark acquisition for approximately £24.3 billion of ARM Holdings plc. This was by far the largest and most significant acquisition announced in 2016. Our cross-border and cross-practice deal team, which included lawyers in London, Tokyo and New York, showcased the global M&A capabilities for which White & Case is renowned, providing Mizuho with sophisticated advice and guidance to help ensure this complex transaction reached a successful conclusion. Cambridge, UK-based ARM is the world's leading semiconductor intellectual property supplier. Japan's SoftBank is one of the leading operators and investors in the global technology, internet and wireless sectors.

Largest private equity investment for North Sea oil & gas acquisition, January 2017
We represented Harbour Energy Limited, the energy investment vehicle managed by EIG Global Energy Partners, on its agreement to lead the US$3 billion acquisition by Chrysaor Holdings Limited of a diversified portfolio of oil and natural gas assets in the North Sea from Shell UK and its affiliates. This transaction creates the UK's leading independent oil and gas company focused on the North Sea; is the 5th largest UK North Sea acquisition ever and 2nd largest in the last 10 years and; is the largest private equity investment for a UK North Sea acquisition.

Cabot Financial Limited debt financing, December 2016
White & Case advised Cabot Financial Limited on the group's latest debt financing consisting of a £250 million revolving credit facility and £350 million senior secured fixed rate notes. The transaction consisted of the upsizing and completing an all-covenant market update of the group's existing £200 million English law revolving credit facility agreement and the issuance of £350 million New York law senior secured fixed rate notes, the proceeds of which were partially used to prepay the group's £265 million senior secured notes due 2019.

Refinancing of Allnex Belgium SA/NV debt and take private acquisition of Nuplex Industries, September 2016
White & Case advised Morgan Stanley, Deutsche Bank, Goldman Sachs, Barclays and ING Capital as Joint Arrangers, and ING Bank N.V. London Branch, as Administrative Agent with respect to (i) a Euro tranche in the aggregate principal amount of €730 million (ii) a Dollar tranche in the aggregate principal amount of US$398.2 million (iii) a Dollar tranche in the aggregate principal amount of US$300 million and (iv) a Revolving Facility in an aggregate amount of €160 million incurred in connection with the refinancing of certain outstanding indebtedness of Allnex Belgium SA/NV, a leading coating resins producer backed by global private equity firm Advent International Corporation, and its take-private acquisition of Nuplex Industries, a New Zealand publicly traded company.

€75 million senior facilities agreement and €25 million PIK facility agreement, January 2016
White & Case advised Goldman Sachs Bank USA in connection with a €75 million senior facilities agreement and €25 million PIK facility agreement for the financing of Apax Partners Midmarket SAS's acquisition of Cabovisão – Televisão por Cabo, S.A. and its subsidiaries.

Largest project financing in Oman to date, March 2016
Representation of six export credit agencies—Atradius DSB, Euler Hermes, KEXIM, K-sure, SACE and UKEF—and a syndication of 19 international band regional banks in connection with the development and financing for the US$6.4 billion Liwa Plastics Industries Complex in Oman. The financing was one of the largest project financings in the region to reach financial close in 2016, with US$3.8 billion committed senior debt, and the largest project financing in Oman to date. The deal was awarded "2016 Petrochemical Deal of the Year" by Project Finance International.

Project financing of the Hassyan Clean Coal Power Project, 2016
Representation of Dubai Electricity and Water Authority (DEWA) in connection with the greenfield development and financing of the 2,400 MW Hassyan Clean Coal Power Project, an independent power project (IPP), which was procured on a competitive basis together with transshipment and coal handling facilities in the Emirate of Dubai—the first of its kind in the region. This project represents DEWA's first conventional fuel IPP, and will be the first coal-fired plant in the Gulf Cooperation Council region. The deal was awarded "2016 Power Deal of the Year" by Project Finance International.

International investment bank - Investigation by multiple regulators, March 2017
Advising an international investment bank on investigations by multiple regulators into potential multi-billion money laundering and related systems and controls including coordinating action and the bank's responses to the numerous regulatory authorities involved.  The matter involves investigations by the UK FCA and NCA, DOJ, Department of Financial Services, the Federal Reserve System, the Department of Homeland Security and the FBI (in the US), BaFin (Germany) and the European Central Bank.

Grupo Unidos por el Canal S.A. in Panama Canal dispute, Ongoing, 2017
Representing Grupo Unidos por el Canal S.A. and its shareholders Sacyr S.A., Salini-Impregilo S.p.A., and Jan De Nul N.V. in a dispute with the Panama Canal Authority relating to the US$5.5 billion Panama Canal expansion project known as the "Third Set of Locks Project". 

Republic of Ghana bond issuance, September 2016
We represented Citibank Global Markets Limited, Merrill Lynch International and Standard Chartered Bank as Joint Lead Managers on the offering of US$750 million 9.250 per cent. Amortising Notes due 2022 issued by the Republic of Ghana and associated tender offers in respect of its US$750 million 8.50 per cent. Notes due 2017.

The proceeds of the Notes were partially used by the Republic of Ghana to repurchase, by way of a tender offer, approximately US$200 million of its outstanding 8.5 percent Notes due 2017.  The use of proceeds and timing of the bond issuance were informed by both the timing of impending general elections in Ghana and the timing and outcome of the IMF's review under its Extended Credit Facility programme with Ghana.

The offering, which, despite being issued under challenging market conditions, was more than four times over-subscribed, represents just the third Eurobond issuance by a sub-Saharan African sovereign in 2016, after South Africa and Mozambique.