PriestleySoundy is advising CEO David Esfandi and the Senior Management Team of Cannacord Genuity Wealth Management (“CGWM”) on their incentive arrangements in connection with an investment into the business by HPS Investment Partners. HPS will acquire £125 million worth of Convertible Preferred Shares issued by the parent company of the CGWM business. The transaction was
Read More...On 29 January 2021, Blackstone (and consortium partners Canada Pension Plan Investment Board and GIC) and Thomson Reuters finalised the sale of Refinitiv to The London Stock Exchange Group (LSEG). PriestleySoundy advised the international (including UK and US Managers) Senior Management Team of Refinitiv. The £22bn (US $27bn) transaction, approved by the European Union regulators
Read More...PriestleySoundy has been advising the international Senior Management Team of KCA Deutag on their incentive arrangements in connection with the financial restructuring of KCA Deutag. The financial restructuring, implemented via an English Scheme of Arrangement, saw $1.4bn of debt converted into equity in a new (Jersey) holding company and reinstated senior secured notes of $500m.
Read More...PriestleySoundy has been advising the Senior Management Team of esure on their incentive arrangements. In August 2018, it was announced that Bain Capital was to take esure private in a £1.2 Billion ($1.55 billion) deal. The deal was one of the largest insurance M&A transactions and one of the largest UK take-privates of 2018. Founded
Read More...PriestleySoundy advised Richard Rowney in connection with his appointment as Chief Executive Officer of James Hay, and his employment and incentive arrangements. Richard was previously CEO of LV where he worked for thirteen years, helping to build it into the UK’s most trusted and recommended insurer. Before LV he spent fourteen years at Barclays in
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