Peita Menon

Partner, London

Biography

“Sources state that Peita Menon is 'very level-headed, very analytical and has extremely good judgement'. He is rated for his experience in international mergers and acquisitions.”
Tax, Chambers UK 2020

Overview

Peita Menon is the head of the London Tax practice and Co-Head of the EMEA Tax practice.

Peita acts for high-value multinational companies, financial institutions and funds across the full spectrum of tax matters. Clients value his ability to devise clear, user-friendly solutions to complex problems.

Peita offers the benefit of his extensive experience, advising on major transactions including public and private mergers and acquisitions (including joint ventures, debt and equity capital markets, banking and finance and funds). He also has a strong track-record in domestic and cross-border restructurings, having devised and implemented complex structures in this area for many well-known multinational corporates.

His practice spans an array of jurisdictions and industries and he has particularly extensive experience of the real estate sector, having advised on numerous major real estate finance transactions, acquisitions and disposals. His work in this area includes Digital Realty Trust's multi-billion dollar acquisition of strategic UK real estate assets.
Peita is noted for his particularly deep insight into stamp tax matters. He has advised leading domestic and international corporations, banks and funds in this area, and has helped them to develop sophisticated, stamp tax-efficient structures.

In recent years, Peita has been increasingly involved in high-value cross-border transactional and advisory work in emerging markets, where his deep knowledge of UK tax law has enabled him to advise on the development of local tax policy. In late 2014, he was called upon to advise HM Treasury on the UK government's proposal for a new UK withholding tax exemption for interest payments on privately placed debt.

Bars and Courts
England and Wales
Education
LLM
King's College London
Law Society Finals
College of Law, Guildford
LLB
University of Wales
Languages
English

Experience

Representation of Alvogen, A US-based speciality pharmaceutical company, on the sale of its CEE Business to Zentiva, a Czech Republic-based international pharmaceutical company, which is owned by Advent

Representation of Angelini, the Italian pharma and consumer healthcare group on its worldwide acquisition, outside North America, of ThermaCare, a medical manufacturer, from GlaxoSmithKline the multi-national pharmaceutical company.The acquisition is a key transaction in relation to the creation of the GSK/Pfizer JV for Consumer Health

Representation of Bright Scholar, the largest operator of international and bilingual K-12 schools in China, on its US$195 million acquisition of CATS Colleges Holdings Limited, an international school network with a platform of campuses located across the United Kingdom, the United States, Canada, and China

Representation of Bupa International Markets Limited, global health insurer and healthcare provider, in its acquisition of Acibadem Sigorta, a Turkish health insurer

Representation of Energean Oil & Gas plc, a FTSE 250 independent oil & gas exploration and production company, on the sale of certain UK and Norwegian oil & gas assets to Neptune Energy for US$250 million, with further contingent consideration of up to US$30 million

Representation of Grupo Bimbo, the largest baking Company in the world and producer and distributor of baked goods in 22 countries throughout the Americas, Europe and Asia, in the acquisition of the Mankattan Group, a key player in the baking industry in China

Representation of Infravia III Invest S.A. (a French infrastructure investor) and the Founders on the disposal of Next Generation Data, a data centre business in South Wales, comprising Europe's largest single site data centre campus

Representation of Mid Europa Partners, the leading private equity investor in Central and South Eastern Europe, on the sale of Zabka Polska S.A.,Poland's leading convenience retailer to funds advised by CVC Capital Partners. This is the largest ever transaction in the Polish food retail sector and the largest ever private equity exit in Poland

Representation of MOL Hungarian Oil and Gas PLC on its US$1.57 billion deal with Chevron to acquire a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field in the Caspian Sea off Azerbaijan and an effective 8.90% interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline running across Azerbaijan, Georgia and Turkey to port facilities near Ceyhan, Turkey

Representation of Nestlé S.A. on the sale of its 60% stake in Herta to Casa Tarradellas and the creation of a joint venture for Herta with their respective stakes of 40% and 60%

Representation of Novator Partners LLP on their sale of Mode, a digital financial lender business, to TransferTo, a Singapore-headquartered provider of international airtime transfers, in exchange for a 28% stake in the holding entity of TransferTo

Representation of SoftBank Vision Fund in its investment in Greensill, a supply chain financing business with significant operations in the UK, Germany, Australia etc. The Vision Fund will invest in aggregate approximately US$1.450 billion in consideration for the issue of around 39.8% of the fully diluted share capital

Representation of the Scotts Miracle-Gro Company (a leading marketer of lawn and garden products) on the $250m sale of their European and Australian consumer operations to Exponent Private Equity LLP

Representation of HM Treasury on the government's proposal, announced by Chancellor George Osborne during his Autumn Statement, for a new UK withholding tax exemption for interest payments on privately placed debt. Peita worked closely with HM Treasury and HM Revenue & Customs in advising HM Treasury on its work to design this proposed new tax exemption, which aims to encourage the growing private placement market in the UK, and to facilitate greater access to funding for UK businesses

Representation of Digital Realty Trust on the acquisition of 761,000 sq ft of data centre facilities, located in and around London, and known as the Sentrum Portfolio, for approximately US$1.1 billion. San Francisco-based Digital Realty Trust is one of the world's leading data centre owners and operators, and is a US REIT listed on the New York Stock Exchange. This complex transaction was believed to be one of the biggest real estate deals in the UK in 2012

Awards and Recognition

"Peita Menon is always at the forefront of legal thinking"
Corporate Tax Tier 3 UK Legal 500 2020