News 2

News 2

Deal Announcement

PriestleySoundy advised private equity house Capital D in connection with its acquisition of a majority stake in Qmee.  The financial terms of the transaction have not been disclosed. Capital D is the first institutional investor in Qmee and will partner with Qmee’s Founders, Jonathan Knight and Nick Sutton, to support them on the next phase

Read More...

Deal Announcement

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...

Deal Announcement

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...

Deal Announcement

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...

Deal Announcement

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...

Deal Announcement

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

Read More...

Deal Announcement

PriestleySoundy advised private equity house Apse Capital in connection with its acquisition, from Mears Group PLC (“Mears”), of a majority stake in TerraQuest Solutions Limited (“TerraQuest”), alongside TerraQuest Management.  Mears have retained a small minority stake. The transaction provides a maximum valuation of the TerraQuest business of £72m (before locked box adjustments and on a

Read More...

PriestleySoundy appointed to Advisory Board of 10BE5

PriestleySoundy are honoured and delighted to have been appointed to the Advisory Board of 10BE5.  10BE5 is the brainchild of lawyers John Kwan and Mohamed Taha.  It is a London-based legal tech company that seeks to automate capital markets-related workstreams and to cut the time and cost lawyers and in-house teams spend to achieve the

Read More...

Deal Announcement

PriestleySoundy is advising the Senior Management Team of Hermes UK on their incentive arrangements in connection with the acquisition of a majority stake in their business by Advent International.  Advent International is partnering with the Senior Management Team to acquire a 75% stake in Hermes UK.  Otto Group will continue to own 25% of the

Read More...