Steven Worthington

Partner, Abu Dhabi, London

Biography

Overview

Steven is a partner based in Abu Dhabi and London.

Steven leads the Firm's corporate and private equity practice in Abu Dhabi and has extensive experience advising both corporates and financial sponsor clients on a range of complex cross-border acquisitions, divestitures, joint ventures, leveraged buyouts and public offerings.

Bars and Courts
Solicitor (England and Wales)
Education
Oxford University

M.A.

Languages
English

Experience

Representative transactions include advising:

An ADGM based fund on its US$50m Series F investment into a West Coast tech business with a valuation in excess of US$1bn.

EWEC on the corporate aspects of the Fujairah F3 Independent Power Project.

A local Abu Dhabi based family office on its co-investment with Mubadala in Jio Platforms Limited.

Game Lounge Sweden AB, an affiliate of Bridgepoint, in its acquisition of 100% of the share capital of Panorama Partners, a company incorporated in England which owns and operates the online-based platform Bettingmetrics, which collects, analyses and shares the betting data of its users and connects its users to a number of bookmakers.

Alvogen Inc., a global generic pharmaceuticals company and portfolio company of CVC Capital Partners, on the sale of Alvogen's CEE business to Zentiva.

Inflexion Private Equity Partners and its portfolio company Ocorian on their leveraged buyout of Bridgepoint's portfolio Estera group of companies.

Avast on its sale of a 35% interest in Jumpshot to Ascential.

A global communication advisory firm on the repurchase of 49% of its UAE headquartered global strategy and consulting business.

CVC in connection with its Euro 3 billion acquisition of Fimei S.p.A., an Italian holding company controlling approximately 51.8% of Recordati S.p.A.

ATP Media, the media arm of the ATP Tennis Tour which controls the sales, production and distribution of all of the media rights of the ATP Tennis Tour, on its corporate and tax restructuring and the re-negotiation of certain key and complex commercial contracts relating to the same.

Rhône on its investment in VistaJet, which valued VistaJet in excess of US$2.5 billion.

Bridgepoint on its acquisition of Zenith Group from HgCapital and its acquisition of Contract Vehicles Holdings Limited Group from its shareholders.

The Smithfield Group LLP on its sale of Innovia Group.

Keter Group, the world's largest producer of quality resin consumer products on the acquisition by BC Partners Ltd and the Public Sector Pension Investment Board of a majority stake in the group from the Sagol family. The transaction is the biggest ever LBO in Israel and has been described as the "deal of the decade" in the Israeli press.

Qatar Holding LLC on the carve-out of The Savoy Hotel from a wider transaction concerning QIA and Kingdom Hotels' sale of the Fairmont, Raffles and Swissôtel brands to AccorHotels.

GHO Capital on its acquisition of EnvisionPharma, a medical communication and software company.

Triton on the combination of DSI (Triton’s construction, mining and tunnelling products portfolio company) with Jennmar (a Pittsburgh family owned mining products company).

Paradise Capital (the Sallam family's investment office) on the disposal of 30% of its interest in B-Tech, one of Egypt’s leading retailers and distributors of house hold appliances and consumer electricals to African Development Partners (a subsidiary of DPI).

A leading US pharmaceutical company on its corporate reorganisation to establish a centralised IP and strategic decision making function in Malta.

PIMCO on the establishment of a joint venture vehicle with Oaktree for the subsequent acquisition of a stake in Echo Investment.*

Cerberus on the £2.5bn acquisition of Capital Homes Limited.*

*Indicates experience prior to joining White & Case.