Hyder Jumabhoy

Partner, London

Biography

Overview

Hyder is a partner in our London Corporate M&A group, with a particular focus on financial institutions. He has advised on a broad range of transactions in the financial services sector, including mergers, acquisitions, disposals, JVs, restructurings and business integrations.

Bars and Courts
Solicitor, England and Wales
Education
Legal Practice Course
BPP Law School, London
LLM
Corporate & Commercial Law
King's College London

London

LLB
King's College London

London

Languages
English

Experience

Hyder's experience includes a number of complex multi-jurisdictional banking, asset management, financial market infrastructure and fintech transactions, including advising:

SoftBank Vision Fund on:

  • its US$800 million equity investment in Greensill Bank, the #1 largest European fintech investment
  • its participation in a US$440 million Series D funding round for OakNorth Bank, the #2 largest European fintech investment

fintech unicorn Klarna Bank on its acquisition of the retail and e-commerce financing arm of Close Brothers

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)

PPF Group on its original and subsequent equity investments in ClearBank, the first "challenger" UK clearing bank in 250 years

The Co-operative Bank on the issue of £200 million Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2029, the UK's first Tier 2-MREL qualifying debt issuance

the board of directors of The Co-operative Bank on:

  • the proposed acquisition of the bank by a strategic buyer (aborted) 
  • the bank's 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

Alpha Bank on:

  • the disposal of its Serbian banking subsidiary, Alpha Bank Srbija
  • the disposal of its majority stake in Ionian Hotel Enterprises, a Greek business listed on the Athens Stock Exchange

Ameriprise Financial on its bid to acquire the Pioneer asset management business (aborted)

State Street Bank and Trust on:

  • English law aspects in connection with the multi-billion US$ reorganisation of its EU operations*
  • 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*

Worldpay on the disposal of its 5.9% interest in Visa Europe to Visa Inc.*

Nomura International on the horizontal merger by absorption, under the Cross-Border Merger Regulations 2007, between Nomura's UK and German operations*

Credit Suisse on its disposal of the J O Hambro Investment Management group*

Hastings Insurance in connection with reorganisation of its UK operations, aimed at releasing value for private equity sponsors*

AIG on the downstream merger by absorption, under the Cross-Border Merger Regulations 2007, and insurance portfolio transfer between AIG's UK and French operations*

 

* Experience prior to joining White & Case

Publications

Chambers Global, 'European Fintech M&A: Key Issues for Strategic Investors' (December 2017)

PLC Magazine, 'Finetch: Key Issues for Operating Fintech Businesses' (April 2017)