Highlights of Keith’s recent investment funds experience include advising on:

• real estate and infrastructure joint ventures, including CPP Investments on the establishment of a joint venture with Round Hill Capital, which will seek to acquire a European student accommodation portfolio of up to €1bn initially (with scope to increase further over time), and GIC, the Singaporean sovereign wealth fund, on the extension of its UK real estate joint venture with Unite Student (a listed UK manager and developer of student accommodation)
• fund formation issues, advisory matters, reorganisations, succession planning and liquidity event planning for sponsors, asset and wealth managers and others, including Fidelity International Limited on the demerger and spin-out of its “Eight Roads” venture capital investment division, a blue chip US bank on the prospective formation of a high growth investment fund, and Greater Pacific Capital on a range of matters
• numerous LP-side advisory mandates regarding co-investment and blind pool investments into private equity, real estate, infrastructure and credit funds
• capital markets related mandates, including Goldman Sachs Asset Management, L.P. and Petershill Partners plc, the alternative investment company, on its £1.2bn initial public offering and Chapter 15 premium listing on the London Stock Exchange and Allfunds Group, one of the world’s leading B2B WealthTech platforms, and its majority owner Hellman & Friedman, on its IPO on Euronext Amsterdam
• various fund regulatory matters, for sponsors and others, including on marketing under the UK financial promotion regime and the (now onshored) AIFMD

Keith's other recent highlights include advising: 

• Octopus Energy on its acquisition of Octopus Renewables, the investment management business focusing on renewable energy opportunities
• Bank of America on its £7bn sale of the credit card business MBNA to Lloyds Banking Group
• CHAPS (the UK bank-to-bank payment system, when a member-run private sector company) on its acquisition by the Bank of England
• Deloitte Global, and various other professional services firms and non-government organisations including Save the Children, on a variety of corporate restructuring and member firm combination mandates, and on broader advisory and governance matters
• on various restructurings and distressed M&A mandates (including with Steinhoff International and Four Seasons Health Care)
• DAZN / Perform Group on a variety of equity investment and reorganisation matters
• HP on its split into two separate listed Fortune 50 companies (HP Inc. and Hewlett Packard Enterprise) and Hewlett Packard Enterprise on the subsequent spin-offs of its Enterprise Services division to CSC and its Software division to Micro Focus, and various private M&A and other matters with Hewlett Packard Enterprise
• AstraZeneca on its acquisition of a stake in Acerta Pharma from its founders and other investors, involving an upfront payment of $2.5bn
• Phoenix Group on its 2018 “onshoring” into the UK, and the associated topco scheme of arrangement
• Holcim on €6.5bn of divestments to CRH, in connection with Holcim’s €40bn merger with Lafarge
• AIG on its $1.1bn disposal of Ascot, the Lloyd’s of London insurance syndicate, to Canada Pension Plan Investment Board
• the UK Government on its privatisation of Royal Mail and the associated restructuring of its associated pension obligations, a FTSE 100 client on its response to a shareholder activist campaign, British Land on its convertible bond issuances and redemptions, and more generally on IPOs, rights issues, share repurchase programs (for brokers and issuers), public M&A mandates and general corporate advisory work for listed and non-listed clients.

Keith is proud to regularly provide pro bono advice to a range of clients through the firm and other organisations.