Demergers & Reorganisations

We have extensive experience of advising our clients on full or partial demergers, as well as all other reorganisations and restructurings, in many cases with significant multi-jurisdictional aspects.

We are able to draw on expertise from around our global network, including finance, tax, employment, pensions, anti-trust and intellectual property to provide our clients with a one-stop shop that covers all aspects of these highly complex transactions.

Client experience

Advised AXA on a European restructuring involving the combination of Part VII transfers and three cross-border mergers from the UK into France
Advised the world's largest publicly traded property and casualty insurance group, Chubb, on its Brexit-related reorganisation
Advised Standard Bank on the sale of its global markets business to ICBC and the hive out of its investment banking/trade finance operations to create new investment banking operations in seven jurisdictions
Advised Aviva on the reorganisation of its European operations across approximately 20 countries and the consolidation of 11 companies
Advised Barclays on a Part VII transfer of banking business to Ireland as part of its Brexit reorganisation, involving a number of EEA branches
Advised one of the world’s largest pharmaceutical companies with respect to the formation of a global joint venture, playing a pivotal role in the co-ordination and implementation of the steps required to enable the contribution of part of our client’s business into the joint venture structure
Advised The strategic reorganisation of the GE Capital business as part of GE’s plan to reduce the size of its financial services businesses through the sale of most of GE Capital’s assets
Advised on the buy-out of Ron Dennis from McLaren Automotive and McLaren Technology Group and the combination of both companies into one group structure to create a combined business
Advised Mondelēz International on various global intra-group restructurings – in connection with carve out transactions (such as the creation of its coffee joint venture, Jacobs Douwe Egberts), the integration of newly acquired businesses (such as Cadbury plc) and otherwise
Advised Anheuser-Busch InBev SA/NV on the reorganisation of the ABI and SABMiller groups across various jurisdictions as part of the business combination between ABI and SABMiller
Advised National Australia Bank and CYBG plc (the parent company of Clydesdale Bank and Yorkshire Bank) on the demerger of CYBG from National Australia Bank and its dual listing in London and Australia
Advised ICAP on the combination of ICAP's global hybrid voice broking and information business with Tullett Prebon
Advised McLaren Group on the buy-out of Ron Dennis from McLaren Automotive and McLaren Technology Group and the combination of both companies into one group structure to create a combined business
Advised Barclays and Deutsche Bank as financial advisers and underwriters on the demerger of Paragon Offshore from Noble Corporation
Advised on the acquisition of a chemicals business involving the pre-sale demerger by the seller of the target and non-target businesses and on share and asset acquisitions and allocations of risk and liability between the parties involved
Advised Volkswagen AG on the complex restructuring involving approx 25 indirect subsidiaries of Volkswagen AG in various jurisdictions worldwide by way of several transaction steps including a demerger under Dutch law, a cross-border merger under Dutch and Luxembourg law and a number of share purchase agreements for individual entities