Prabhu Narasimhan | White & Case LLP International Law Firm, Global Law Practice
Prabhu Narasimhan
Prabhu Narasimhan

Prabhu Narasimhan

Partner, London

“Prabhu Narasimhan showed that being inventive in tax law can pay dividends. His forward thinking will enable billions of dollars’ worth of investment in the UK”

Financial Times

Overview

Prabhu Narasimhan is a senior strategic advisor to multi-billion family offices, private equity funds, family-backed conglomerates and sovereign wealth funds across Europe and the Middle East in relation to matters affecting their structuring, investment direction, risk diversification strategy and asset protection. Mr. Narasimhan's advisory and structuring practice is high impact as it strategically transforms the businesses he advises in tangible financial terms. Financial Times Innovative Lawyers in 2018 highly commended his work in restructuring the world of tennis (ATP Media) as "transforming [ATP Media] into a technology and media enterprise that owns operational, intellectual property and licensing, data and digital platform businesses through subsidiaries. The company's new corporate structure enabled 10-fold growth."

Mr. Narasimhan particularly specialises in advising multi-billion family offices in relation their structuring and restructuring and has established in excess of 20 multi-billion family offices. Multiple family offices have credited Mr. Narasimhan and his team at White & Case for deep knowledge of family offices and for crafting strategic transformation of family-backed businesses and family offices. Chambers and Partners observed in 2019 that his family office clients believe he is "a real asset — no problem is insurmountable and he is always at hand to ensure that the most efficient and workable solutions are found."

In addition, Mr. Narasimhan has a thriving Governmental advisory practice and has advised multiple sovereigns in relation to their crafting and implementation of high impact economic stimulus involving tax laws. Legal 500 has recognised the significant work done in this area by noting his "expertise in advising foreign governments in relation to their tax legislation."

Mr. Narasimhan is known for his creativity, commercial acumen and innovation. His work in helping HM Treasury craft the UK withholding tax exemption for Private Placements and his restructuring of the world of tennis (restructuring of ATP Media) has been recognised by Financial Times Innovative Lawyers as being amongst the foremost innovative transactions in Europe in 2015 and 2018 respectively.

Bars and Courts

  • England and Wales

Education

  • MA, Cambridge University

Languages

  • English
  • Hindi

Experience

GSO Capital Partners LP's management buyout of XLN Telecom, 2014

Prabhu took a key role advising GSO Capital Partners LP on its £115 million debt-and-equity financing of the management buyout of XLN Telecom from ECI Partners LLP. The team included lawyers from several of the Firm's practices, particularly Banking and Private Equity Groups. GSO, a subsidiary of global investment and advisory firm The Blackstone Group LP, is one of the world's largest credit-oriented alternative asset managers, with more than US$67 billion in assets under management.

Novator's African Telcoms Investment, 2014

Prabhu advised Novator on its investment in MODE, a technology company that provides mobile value added services to mobile network operators in emerging nations. Novator, an international investment firm, has been established for more than ten years and has a particular emphasis on emerging markets and special situations.

Play Topco S.A.'s PIK toggle transaction, 2014

Prabhu advised Play Topco S.A., the indirect shareholder of Polish mobile telecoms operator P4 Sp. Z o.o., on its €415 million senior PIK toggle notes offering. P4 Sp. Z o.o., which trades as Play, is a portfolio company co-owned by Olympia Development and London-based investment firm, Novator. The proceeds of the transaction have been distributed to shareholders.

Nostrum Oil & Gas' premium listing on the London Stock Exchange, 2014

Prabhu advised Nostrum Oil & Gas plc on its successful admission to the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Nostrum Oil & Gas, an independent oil & gas exploration and production business with assets in Kazakhstan, previously had a listing of global depositary receipts on the London Stock Exchange. Prabhu worked as part of a cross-border, cross-practice team of lawyers which navigated the transaction's corporate, capital markets and banking complexities, to enable Nostrum to take the strategically pivotal step to a premium listing.

Rhône Capital's acquisition of Ask Chemicals, 2014

Prabhu worked as part of the international team that advised global private equity firm Rhône Capital LLC on the acquisition by its affiliates of ASK Chemicals GmbH from Ashland Inc. and Clariant. Established in 1996, Rhône focuses on investments in market-leading businesses with a pan-European or transatlantic presence and significant growth prospects.

Mexichem's US$300 million acquisition, 2011

Prabhu advised Mexichem SAB de CV, a major Mexican chemical producer, on its US$300 million acquisition of the AlphaGary Plastic Compounding Business Division of Rockwood Holdings, Inc. (NYSE: ROC). The acquisition gave Mexichem the opportunity to gain geographic diversification, and to apply new technology to growing markets in Latin America. Prabhu worked closely with Mexichem's in-house legal team and with more than 30 of the Firm's lawyers from five offices – Miami, Mexico City, London, New York and Washington, DC – to negotiate the transaction, and to take it from start to completion in less than four weeks.

Acergy's closing of US$8.8 billion combination with Subsea 7, 2011

Prabhu worked as part of the team that advised NASDAQ and Oslo stock exchange-listed Acergy S.A. on the closing of its combination with Oslo Stock Exchange-listed Subsea 7 Inc, to create a global leader in seabed-to-surface engineering and construction. The market capitalisation of the combined entity was approximately US$8.8 billion. This was an unusually complex transaction that required significant project management and successful cooperation over many months with in-house counsel from Acergy and Subsea 7 and their respective external advisers in the UK, Norway, Luxembourg and Cayman Islands.

Unimilk's merger with Danone, 2010

Prabhu advised one of Russia's largest dairy companies on a joint venture with the Russian arm of French foods giant Danone. Prabhu was able to work with an international team of the Firm's lawyers in London, Russia, Kazakhstan and France to achieve a deal which created the leading dairy business of this type in the CIS. Unimilk is a dairy producer with operations in Russia, Ukraine, and Belarus; and sales in Kazakhstan.

Publications