Cases
Experience: Representative Matters: Advised on a large number
range of corporate transactions including the following representative transactions: Advised the then GlaxoWellcome group on its 114 billion merger with SmithKline to form GlaxoSmithKline, at that time the UK's largest corporate merger.
Advised Her Majesty's Treasury on a number of actions taken to preserve the stability of the UK banking sector during the 2007-2009 Financial Crisis, including: The 107 billion recapitalisations of The Royal Bank of Scotl
, Lloyds
HBOS.
The nationalisation of Bradford & Bingley, the transfer of its retail business to the Sant
er group
its subsequent integration with Northern Rock.
The establishment
operation of H.M. Treasury's Asset Protection Scheme, the innovative scheme designed to protect certain banks from losses on pools of financial assets
liabilities by isolating them economically in a virtual 'bad bank', a transaction over reference assets of approximately 280 billion - by some measures the largest transaction in UK corporate history.
The administration of Dunfermline Building Society
the transfer of its retail business to Nationwide.
The administration of the English subsidiaries of the Icel
ic banks Kaupthing
L
sbanki
the transfer of their retail businesses to ING Direct.
The sale of Northern Rock by H.M. Treasury to Virgin Money.
Advised the Abbey National group on its 8.9 billion acquisition by the Sant
er banking group, at that time the largest acquisition of a UK bank by a non-UK bank.
Advised Cable & Wireless Communications on a number of international acquisitions
disposals.
Advised the Darty group on the sale of Comet Electricals to entities advised by OpCapita LLP.
Advised the Royal Mail group on its financial services joint venture with the Bank of Irel
.
Advised the INEOS group on its 2 billion petrochemicals trading
refining joint ventures with PetroChina in the UK
France.
Advised the INEOS group on its 1.1 billion chemicals joint venture with BASF.
Advised BTR on its 9.4 billion merger with Siebe to form the group then known as Invensys.
Advised Schroders' investment bank on its demerger from the Schroders group
its $2.2 billion subsequent acquisition by Citibank.
Advised one of the UK's largest building
construction companies on a number of development joint ventures
M&A transactions.
Advised a major UK financial institution on a number of M&A
financing
transactions.
Advised Her Majesty's Treasury on the Business Finance Partnership, a co-investment arrangement between H.M. Treasury
investment funds managed by private sector fund managers under which funding has been provided to mid-sized UK businesses.
Advised Apollo private equity funds on the 1 billion acquisition of Countrywide, the UK's largest estate agency group,
the subsequent restructuring of the debts of the group by dual jurisdiction schemes of arrangement (an award-winning transaction). Advised Countrywide on its subsequent IPO.
Advised on a large number of financing transactions, including high yield
other bond issues
bank regulatory capital issues
securitisations
other repackagings
structured finance transactions, both UK
cross-border
syndicated
bilateral loan finance
project finance. He has extensive experience of the taxation of debt
equity instruments, derivatives (including currency, interest rate, index
equity derivatives), repos, stock loans, convertible
exchangeable instruments, equity-linked
asset-linked debt, other hybrid instruments
other funding
hedging structures.
Advised a European banking group on a number of mortgage debt securitisations.
Advised a UK credit card issuer
consumer credit lender on a number of credit card portfolio acquisitions
securitisations.
Advised on the acquisition
project financing of a UK power station.
Advised Cairn Energy on the IPO of some of its oil exploration businesses.
Advised on the merger of two groups in the utilities sector.
Advised on the proposed cross-border merger of two financial institutions, proposed to be effected by dual-headed structure.
Advised on the proposed establishment of a new UK bank.
Advised a UK parented group in the oil
gas production sector on a complex cross-border debt restructuring involving over $1 billion of debt, effected by a scheme of arrangement
related transactions.
Advised on a complex debt restructuring involving over 1 billion of debt owed by a German operating
investment group, including a COMI shift to the UK, to be effected by a restructuring plan under Part 26A of the Companies Act
related transactions.
Advised Prezzo on its recent financial restructuring, effected by a restructuring plan under Part 26A of the Companies Act.
Advised on the proposed debt restructuring of an airline.
Advised a group in the hospitality sector on the complex restructuring/refinancing of its convertible debt funding
equity warrants.
Advised Taiyo Nippon Sanso Corporation
its US subsidiary Matheson Tri-Gas on its 5 billion cross-border acquisition of Praxair's European industrial gas production group (an award-winning transaction).
Advised AB Volvo on its three-way joint venture relating to the installation
operation of a high-performance European electric charging network
on a number of other joint ventures
M&A transactions.
Advised Allianz on its 2.5 billion acquisition of certain insurance, pensions
asset management divisions from Aviva.
Advised Nomad Holdings (then a SPAC, subsequently re-named Nomad Foods Limited) on its 2.6 billion acquisition of Iglo Foods, Europe's largest frozen food company, from private equity funds,
its subsequent redomiciliation
restructuring.
Advised engineering group GKN on its acquisition of aerospace manufacturing group Fokker Technologies from private equity funds.
Advised on the $1.4 billion merger of a private banking group
an asset management group
the merged group's subsequent IPO
equity funding by way of PIPE.
Advised APi Group on its $3.1 billion acquisition of the Chubb fire
security business from Carrier Global.
Advised a corporate finance
M&A advisory group on the restructuring of its operations
intangible assets.
Advised on the group restructuring
redomiciliation of a natural resources
commodities group, involving the movement of over $1 billion of value
on other corporate redomiciliation projects.
Advised L
scape Acquisition Holdings (then a SPAC, subsequently renamed Radius Global Infrastructure) on its establishment
subsequent $860 million acquisition of AP WIP Investments from private equity funds.
Advised InterContinental Hotels Group on the 858 million tripartite transactions under which Fonciere des Regions acquired certain hotel-owning
operating businesses from private investment funds managed by Starwood Capital
entered into related arrangements to transfer some of those businesses to IHG.
Advised a financial institution as lead underwriter on a number of IPOs, including the IPO of Eircom, valuing the group at around 1.2 billion.
Advised on a significant number of other ECM transactions.
Advised Rentokil Initial on the creation of its joint venture with Haniel with projected revenues of around 1.1 billion.
Advised Rentokil Initial on a number of other M&A
corporate transactions.
Advised AstraZeneca on the sale of certain businesses to Pfizer.
Advised Northumbrian Water on the creation of its joint venture with Anglian Water to service the non-household retail water sector.
Advised GlobalLogic on its acquisition of the ECS Group.
Advised Bracco Imaging on its $450 million acquisition of Blue Earth Diagnostics.
Advised the Smiths Group plc on a number of M&A transactions.
Advised the shareholders of Jetscape Aviation Group on its sale to Nordic Aviation Capital, the world's largest turbo aircraft lessor.
Advised Vista Equity Partners
its portfolio companies on M&A transactions.
Advised InPost, Europe's leading automated parcel machine service provider, on its acquisition of Menzies Distribution Group.
Advised Maxxia UK on M&A transactions.
Advised Praana Group on its acquisition of Owens Corning's glass reinforcements business at an enterprise value of $755 million.
Advised on the proposed acquisition
funding of a significant portfolio of music-related intellectual property
royalty rights.
Advised a multinational group on a dispute with HMRC relating to CFC
other international tax matters.
Advised a number of financial institutions in relation to HMRC inquiries
disputes.
Advised on a number of corporate returns of capital to shareholders.
Advised a 'special situations' lender on the establishment of a joint venture
related restructuring of certain of its investments.
Advised on various real estate investment matters including the design of acquisition
investment structures.
Advised a major institutional lender on the refinancing of a real estate investment group in connection with its conversion into a REIT.
Has written articles for various tax publications (including the Tax Journal
the BVCA's Policy
Technical Bulletin)
has given talks on tax matters at conferences.
Has engaged as an industry representative with HMRC
other tax authorities
governments on tax policy matters (including at OECD meetings during the BEPS re-casting of international tax principles).
Was an industry representative in HMRC
H.M. Treasury's loan relationships
derivative contracts rewrite project in 2013/14, in particular in Working Group 2, whose work focused on debt restructurings
modifications/insolvencies
partnerships
resulted in the introduction of the current 'corporate rescue' exemptions in the loan relationships
derivative contract regimes.
Advised the Association of Corporate Treasurers for many years on the borrower-side aspects of the LMA's market st
ard forms of loan facility agreement.
The above representations were h
led by Mr. Iversen prior to his joining Greenberg Traurig, LLP.
