Hyder Jumabhoy
Biography
Overview
Hyder Jumabhoy is a partner in our global M&A and Corporate practice, based in London. Hyder co-heads our EMEA Financial Services M&A practice and has a particular focus on financial services. He has advised on over 65 transactions in the financial services sector, including mergers, acquisitions, non-core disposals, equity / debt fund raisings, restructurings, JVs and business integrations.
Hyder's recent experience includes a number of complex multi-jurisdictional banking, asset/wealth management, FMI, payments, fintech and specialty finance transactions.
Experience
- Representation of The Co-operative Bank on:
- its £3.2 billion bank balance sheet re-calibration exercise, which involved contemporaneous court-approved capital reduction processes at the level of The Co-operative Bank and its UK holding company
- the acquisition of a significant minority interest in The Co-operative Bank by J.C. Flowers & Co and Bain Capital
- its formal sale process under the UK Takeover Code and successful capital restructuring and change of control, including £250 million of new investment by a committee of bondholders and £450 million capitalisation of Tier 2 bonds
- Representation of Alpha Bank on:
- the disposal, by way of competitive auction process, of Alpha Bank Albania to OTP Bank
- the disposal, by way of competitive auction process, of 80% of Cepal Hellas to Davidson Kempner, Europe's #2 largest systemic bank balance sheet re-calibration exercise
- the disposal, by way of competitive auction process, of Alpha Bank Srbija, to AIK Banka
- Representation of UK-based FIG specialist financial sponsor Syndeo Capital on:
- its long-term strategic partnership with iFAST Corp, the Singapore listed fintech unicorn, in relation to iFAST Global Bank (previously named BFC Bank)
- its winning auction bid to acquire BFC Bank, a fully-licensed UK deposit-taking institution providing cross-border banking and FX services
- Representation of Tink, a leading open banking platform provider in the Nordics, on its sale to Visa for €1.7 billion
- Representation of Union Bank of Nigeria, one of Nigeria's longest-standing and most respected financial institutions, on the disposal of the bank, by Atlas Mara and its other controlling shareholders to Titan Trust Bank
- Representation of Diamond Bank on:
- English law aspects in connection with its merger with Access Bank, to become the largest retail bank in Africa
- the disposal of its UK banking subsidiary, Diamond Bank (UK), to family office investor GFG Alliance
- Representation of Europe's #1 most highly valued fintech unicorn Klarna on its entry into the UK banking market through its acquisition of the retail and e-commerce financing arm of Close Brothers
- Representation of Deutsche Börse on:
- English law aspects in relation to the merger by way of German notarial deed of Clearstream Holding with and into Clearstream Beteiligungs
- the implementation by European trade repository, REGIS-TR, of its Brexit plan, including the establishment of its UK trade repository, REGIS-TR UK
- Representation of SoftBank Vision Fund on its US$390 million equity investment in OakNorth Bank, the #1 largest European neo-bank investment at the time
- Representation of PPF Group on its original and subsequent equity and debt investments into ClearBank, the 1st challenger UK clearing bank in 250 years
- Representation of State Street Bank and Trust on:
- the disposal of its UK, Channel Islands and Luxembourg fund administration services business
- the disposal of its Jersey and Irish capital markets administration services business
S&P Global Market Intelligence, 'The Growth of Fintech', December 2021
White & Case, 'Progress H1 2021 | Predictions H2 2022 European FIG M&A Trends', July 2021
White & Case, 'Progress H1 2020 | Predictions H2 2020 European FIG M&A Trends', July 2020
White & Case, 'Progress H2 2019 | Predictions H1 2020 European FIG M&A Trends', January 2020
White & Case, 'Progress H1 2019 | Predictions H2 2019 European FIG M&A Trends', June 2019
White & Case, 'Progress H2 2018 | Predictions H1 2019 European FIG M&A Trends', January 2019
White & Case, 'Progress H1 2018 | Predictions H2 2018 European FIG M&A Trends', June 2018
IFLR, 'Buy-Now Pay-Later regulation to shake up fintechworld' (November 2021)
S&P Global Market Intelligence, 'Domestic deals fuel bank M&A wave in Europe' (September 2021)
S&P Global Market Intelligence, 'Activist investors take aim at insurers amid pandemic rebound' (July 2021)
Investment Monitor, 'Cross-border deals soar, but domestic activity still dominates banking M&A' (July 2021)
Mergermarket, 'European banks tipped for further activism despite Sherborne's Barclays defeat' (June 2021)
S&P Global Market Intelligence, 'After 2020 surge, European bank M&A poised to enter 'bull market'' (March 2021)
Bloomberg, 'Europe's embattled banks look to mergers as way out of malaise' (December 2020)
Financial Times, 'Exchanges M&A returns as holding companies diversify' (December 2020)
Best Execution, 'Why US and European exchanges face very different landscapes' (August 2020)
IFLR, 'Fintech M&A boost expected as market matures' (July 2020)
Next Generation Partners
M&A: Upper mid-market and premium deals (£500m+), UK Legal 500, 2022
"Hyder Jumabhoy Co-heads the EMEA financial services M&A practice at White & Case, and regularly represents an array of blue-chip banks and fintech companies"
M&A: Upper mid-market and premium deals, Legal 500, 2021
"Hyder Jumabhoy is making a name for himself in the world of fintech, working for Softbank Vision Fund on its equity investment in OakNorth Bank"
The Lawyer, UK Corporate 50, 2020
