> Experience > Our practices > Corporate > Mergers and acquisitions
Mergers and acquisitions lawyers
Our seasoned team of mergers and acquisitions lawyers has acted in the full spectrum of corporate transactions, be it public company takeovers or contentious buyouts. With offices around the world, we can help you to get the deal done quickly, within regulations and with minimal fuss.
We have extensive experience of advising on public company takeovers, private equity investments, leveraged buyouts and other corporate transactions.
Our mergers and acquisitions solicitors help develop strategies for achieving our clients’ business objectives. Whether you are a public or private company, our team can guide you through the complex negotiations necessary to complete a merger, acquisition, or disposal.Sometimes these negotiations are contentious. For instance, our mergers and acquisitions lawyers advised a minority stakeholder in their bid to buy out other shareholders and gain control over a target company – a move opposed by that company's board. We challenged the board’s actions and won, eventually structuring a deal advantageous to our client.
When acquisitions cross borders, we leverage the full power of our international team. In our capacity as a global law firm, we get the deal done quickly and in line with regulations in each country.
An international team of mergers and acquisitions lawyers from our offices in London, Milan, Hong Kong and Singapore recently assisted Renault with the $1.5 billion acquisition of Lotus F1. In the nine-month process, we were able to extract Renault from engine supply agreements with other F1 teams without any money changing hands.
We also obtained four separate court adjournments to stave off more than a dozen creditors intent on forcing Lotus into liquidation, which was unprecedented. More than 500 jobs at Lotus were saved, and Renault’s future in Formula 1 was secured. ‘It’s rare to be able to affect people’s lives as directly as we did in that project'.
Additionally, our US team represented one of the world’s largest manufacturers of graphite and carbon-based products in its $150 million convertible preferred stock issuance, followed by a tender offer and merger with a value of $695 million.
Track record
Acquisition of consumer goods distribution business Limited
Represented DKSH Group, a leading market expansion services provider in Asia, on its acquisition of the consumer goods distribution business of Auric Pacific Group Limited in Singapore and Malaysia for approximately S$218.4 million.
Asia Pacific’s leading premium flexible workspace provider
Represented JustCo Holdings (JCH) and JustGroup Holdings on the proposed combination of the businesses of the two entities into JCH.
Acquisition of The Sufferfest
Represented fitness training app Sufferfest in its acquisition by Wahoo Fitness, a US-based leader in connected fitness devices.
Strategic acquisition of the Uttam entities
Acted as Singapore counsel to Nithia Capital in relation to its joint venture with CarVal Investors to acquire Uttam Galva Metallics Limited and Uttam Value Steels Limited.
Cornes Safe Navigation Holdings Limited
Represented Cornes Safe Navigation Holdings Limited in its acquisition of Safe Navigation (HK) Limited, Safe Navigation Pte. Ltd in Singapore and Safe Navigation Inc. in the US, a group of companies engaged in the supply/resale of navigational data and services to the marine market.
Shun Ho Property Investments Limited
Represented Shun Ho Property Investments Limited, and its wholly-owned subsidiary, Houston Venture Limited, on the acquisition of Enhance Invest Inc., a wholly-owned subsidiary of Henderson Land Development Company Limited.
Acquisition of the minority shareholding in Australian pharmaceutical company
We acted for Lupin in relation to its acquisition of the minority shareholding in a pharmaceutical company in Australia.
Acquisition of the U.S. subsidiary of a U.K. pharmaceutical company
Advised an Italian company in its acquisition of the U.S. subsidiary of a U.K. company in the pharmaceutical industry.
Biotech/healthcare merger and acquisition
Advised in the acquisition of and merger into a biotech/healthcare company based in North Carolina.
Ladbrokes acquisition of bookmaker.com
We acted for Ladbrokes in relation to its acquisition of the bookmaker.com on-line gaming business in Australia.
Acquisition of the minority shareholding in Australian pharmaceutical company
We acted for Lupin in relation to its acquisition of the minority shareholding in a pharmaceutical company in Australia.
Ladbrokes acquisition of bookmaker.com
We acted for Ladbrokes in relation to its acquisition of the bookmaker.com on-line gaming business in Australia.
Acquisition of a majority stake in the Hong Kong subsidiary of an independent British brand
We represented a brand consultancy group in the acquisition of a majority stake in the Hong Kong subsidiary of an independent British brand and customer experience design consultancy agency.
Acquisition of a Malaysian company for RM120 million
We advised on the acquisition of a Malaysian company with ownership of a well-known major hotel in Malaysia by a BVI registered investment holding company for RM120 million.
Acquisition of a Shenzhen apparel business and joint venture
We advised a PRC-based, Hong Kong-listed fashion group in its acquisition of a Shenzhen apparel business and proposed joint venture with an Italian fashion group.
Acquisition of a Hong Kong bank
Advised a PRC insurance and finance group in its acquisition of a licensed bank in Hong Kong.
Acquisition of Chineses insurance company
Advised a foreign insurance company in its proposed CNY200 million acquisition of a minority stake in a Chinese P&C insurance company.
Asian Sovereignty fund
Advised an Asian sovereignty fund in its proposed acquisition of a state-owned PRC property development company through open bidding at an equity exchange.
Sale and leaseback of 139,941 containers by a Chinese marine shipping company
Withers acted for a Chinese leasing company in the sale and leaseback of 139,941 containers by a Chinese marine shipping company. The acquisition was financed by a USD$233 million loan facility from a German bank and a Chinese bank in Singapore.
Hitachi Chemical
We advised Hitachi Chemical, in its investment in Ito Group Holdings, a Singapore limited exempt private company and its US, Chinese, Vietnamese, Thai, Indian and European subsidiaries. The acquisition is part of the company's expansion efforts to capture demand from emerging countries and other target markets for its products which range from functional materials to advanced components and systems and have applications in the automotive, energy storage, electronics and diagnostics industries. Hitachi Chemicals is a division of Hitachi Ltd, the highly diversified Japanese multi-national conglomerate listed on the Tokyo Stock Exchange.
Acquisition of the U.S. subsidiary of a U.K. pharmaceutical company
Advised an Italian company in its acquisition of the U.S. subsidiary of a U.K. company in the pharmaceutical industry.
Acquisition of a Shenzhen apparel business and joint venture
We advised a PRC-based, Hong Kong-listed fashion group in its acquisition of a Shenzhen apparel business and proposed joint venture with an Italian fashion group.
Sale of a majority stake in a French joint venture
We represented a US based graphite material science company in the sale of its majority stake in a French joint venture to the minority partner.
IPO for Hightex Group
Hightex Group is a UK, Swiss and German membrane and renewable energy company. Withers has acted for Hightex Group on their IPO on the AIM market. We have also advised Hightex Group on their reverse takeover of West 175 Media Group Inc., the acquisition of HighTex International (HTI) AG, and on the acquisition of SolarNext AG, a German company active in the solar and alternative energy sectors.
Targetti Sankey SpA
We advised Targetti Sankey SpA in a €242 million syndicated loan to assist in the acquisition of the Danish lighting company Louis Poulsen Lighting A/S.
Hitachi Chemical
We advised Hitachi Chemical, in its investment in Ito Group Holdings, a Singapore limited exempt private company and its US, Chinese, Vietnamese, Thai, Indian and European subsidiaries. The acquisition is part of the company's expansion efforts to capture demand from emerging countries and other target markets for its products which range from functional materials to advanced components and systems and have applications in the automotive, energy storage, electronics and diagnostics industries. Hitachi Chemicals is a division of Hitachi Ltd, the highly diversified Japanese multi-national conglomerate listed on the Tokyo Stock Exchange.
Syracuse University
We advised Syracuse University (USA) on its London Program which involved the acquisition of premises for use for educational purposes; employment advice in relation to urgent dismissal for gross misconduct; governance arrangements, including appointment of an interim director and new trustees; conflicts of interest in connection with the Programme's relationship with the University; advice and assistance in relation to sub-licenses for occupation of premises by other educational organisations, including in relation to real estate matters and tax treatment of revenues. The work represents a mature study abroad programme operating in the UK and in Europe, raising a variety of operational issues.
Senior executives at King.com
Candy Crush Saga was one of the major global success stories of the free-to-play mobile device games, with more than 93 million players worldwide. We are proud to have acted for the founders of the company that owned it, King.com, in the high-profile sale of their business to Activision Blizzard for US$5.9 billion, achieving a very satisfactory outcome for our clients.
Newlat
In partnership with Newlat, a leading Italian food producer, we advised on the acquisition of Kraft Heinz’s Italian infant food and nutraceuticals production plant. The Parma plant owned by US food giant Kraft Heinz, produces the well-known Plasmon biscuits as well as pasta, liquid milk, dry milk and cereals, among other products. The deal included an arrangement for Newlat to manufacture infant milks and nutrition products including Kraft Heinz owned products. The Newlat Group is one of the top ten players in the Italian food sector, with a turnover exceeding US$355 million. Its business is focused on milk and wheat-based products, with an existing base of 11 production plants.
Renault on the acquisition of Lotus F1
We advised Renault on its €1.5 billion investment in motorsport and technology. This was a multi-jurisdictional and multi-party project involving Mr Bernie Ecclestone, CVC, FIA, key sponsors of Lotus, incoming and outgoing drivers of Lotus F1 as well as outgoing minority shareholders.
An Azerbaijani-owned company
Increasingly, we are called upon to represent corporate clients in international arbitration. For example we acted at the London Court of International Arbitration (LCIA) on behalf of a subsidiary of an Azerbaijani company that was in dispute with a conglomerate of Israeli companies over a joint venture agreement. The case related to a license to drill oil just off the coast of Israel.
Acquisition of the U.S. subsidiary of a U.K. pharmaceutical company
Advised an Italian company in its acquisition of the U.S. subsidiary of a U.K. company in the pharmaceutical industry.
Biotech/healthcare merger and acquisition
Advised in the acquisition of and merger into a biotech/healthcare company based in North Carolina.
Reorganization of a leading Californian pharmaceutical company
Advised, as lead investor counsel, in a reorganization, US$1 million bridge loan, and US$7 million strategic investment by a leading pharmaceutical company in a biotech/medical company based in California.
Sale of a majority stake in a French joint venture
We represented a US based graphite material science company in the sale of its majority stake in a French joint venture to the minority partner.
Hitachi Chemical
We advised Hitachi Chemical, in its investment in Ito Group Holdings, a Singapore limited exempt private company and its US, Chinese, Vietnamese, Thai, Indian and European subsidiaries. The acquisition is part of the company's expansion efforts to capture demand from emerging countries and other target markets for its products which range from functional materials to advanced components and systems and have applications in the automotive, energy storage, electronics and diagnostics industries. Hitachi Chemicals is a division of Hitachi Ltd, the highly diversified Japanese multi-national conglomerate listed on the Tokyo Stock Exchange.
Syracuse University
We advised Syracuse University (USA) on its London Program which involved the acquisition of premises for use for educational purposes; employment advice in relation to urgent dismissal for gross misconduct; governance arrangements, including appointment of an interim director and new trustees; conflicts of interest in connection with the Programme's relationship with the University; advice and assistance in relation to sub-licenses for occupation of premises by other educational organisations, including in relation to real estate matters and tax treatment of revenues. The work represents a mature study abroad programme operating in the UK and in Europe, raising a variety of operational issues.
TASI Holdings
We advised TASI Holdings on the acquisition of business in a US tech company that produces long-range wireless sensor networks, used primarily in the oil and gas industry. This is TASI's fifth acquisition since 2011. TASI provides advanced test and inspection instrumentation & systems, flowmeters and flow control products, measurement instrumentation and automated assembly and test systems around the globe in a variety of sectors including: automotive, life science, oil & gas and food & beverage.
Two food entrepreneurs
We used our experience of working with entrepreneurs to help the founders of a food business providing goods to UK high-street retailers as they sold their company. Our lawyers assisted with the commercial aspects of the sale to a private equity firm, handling complex UK remittance tax issues and US tax issues. We were also involved in our clients’ reinvestment in a new holding company.
A New York financial services company
At Withers we like a challenge, so it is always pleasing to be presented with complex cases such as a reverse triangular merger on which we were instructed by a client that held extensive real estate in New York City and Long Island. Our client wished to transfer stock in the merger, and requested advice on shareholder liability as well as the state and city real estate taxes.
The CEO of a globally recognized jewelry brand
This well-known, publicly held brand has more than 1,200 retail outlets throughout the US. We negotiated a new package (valued in excess of $2 million annually) on behalf of the incoming chief executive.
A Russian holding company
We acted on behalf of the holding company and shareholders behind one of the largest conglomerates of heavy industrial companies in Russia. The company was in dispute with a bank over the basis of a loan the bank had given it. The complex legal proceedings included an LCIA arbitration in London, anti-suit injunctions and injunctions in the Netherlands.
An Azerbaijani-owned company
Increasingly, we are called upon to represent corporate clients in international arbitration. For example we acted at the London Court of International Arbitration (LCIA) on behalf of a subsidiary of an Azerbaijani company that was in dispute with a conglomerate of Israeli companies over a joint venture agreement. The case related to a license to drill oil just off the coast of Israel.
Our team
Patricia M. Lee
Partner | New York
Roberta Crivellaro
Partner | Milan
Mark Lynch
Partner | London
Polly Chu
Partner | Hong Kong
Daniel Tang
Partner | Hong Kong
Gerald Fujii
Partner | Tokyo
Michael A. Rueda
Partner | Head of US Sports and Entertainment | New York
Naoki Ueyama
Partner | Tokyo
Insight
Join the club
We have lots more news and information that you'll find informative and useful. Let us know what you're interested in and we'll keep you up to date on the issues that matter to you.
You may also be interested in
Get in touch
Our website will give you a flavour of the advice we provide - if you would like to talk to us for more information, please contact our client services team who will be happy to assist.