David Innes is of counsel in the firm’s London office. His practice has covered a full range of UK and cross-border private equity and M&A transactional ...
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Experience
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- Global Atlantic, a retirement and life insurance company, in the closing of its $2.4 billion Ivy II reinsurance co-investment vehicle.
- INDICOR, a Clayton, Dubilier & Rice portfolio company, in the $670 million sale of its Compressor Controls Corporation division, a leading provider of turbomachinery control and optimization solutions, to Honeywell.
- Smartly.io, the leading social advertising platform, in its acquisition of Ad-Lib.io, the creative optimization platform.
- DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its agreement to acquire Meetrics, a European ad verification company, in an all-cash transaction.
- Naviera Ultranav in the combination of Ultragas ApS’s fleet business with Navigator Holdings. The combined entity will have an aggregate net asset value of approximately $1.3 billion.
- PGIM in its acquisition of Montana Capital Partners, a European-based private equity secondaries asset manager.
- Clayton, Dubilier & Rice in its sale of a minority stake in Belron to Hellman & Friedman, BlackRock and GIC, which valued the company at €21 billion.
- Clayton, Dubilier & Rice and Solenis in the sale of Solenis to Platinum Equity at an implied enterprise value of $5.25 billion.
- GoDaddy in its acquisitions of the .club and .design domain extensions, as well as 28 domain extensions (and certain other business assets) owned and operated by Minds + Machines Group Limited (MMX).
- Prudential Financial in its $1.9 billion sale of Prudential Life Insurance of Korea to KB Financial Group.
- Lovell Minnick in its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
- LeapFrog Investments in its investment in Pyramid Group, the largest distributor of cardiac and orthopaedic equipment in East Africa.
- AmTrust Financial Services in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2 billion.
- DH Private Equity in its sale of the two remaining assets in fund DH IV to fund DH IV.1, a new fund also managed by DH Private Equity.
- OEConnection, a Providence Private Equity portfolio company, in its acquisition of Bluegrasscoms.
- Assured Guaranty in its acquisition of a minority interest in Rubicon Infrastructure Advisors.
- Clayton, Dubilier & Rice in its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
- Atkore in its acquisition of Flexicon.
- Polyus Gold International in its sale of up to a $1.4 billion stake in PJSC Polyus to Fosun International. (Terminated)
- Clayton, Dubilier & Rice in its $650 million acquisition of Capco, FIS’s management consulting business.
- Bregal Freshstream in its investment in TrueNoord, an independent aircraft leasing business that specialises in the regional aircraft market.
- American International Group in several transactions with Fairfax Financial, a leading global property and casualty insurer and reinsurer, as part of a strategic partnership in 12 jurisdictions across Latin America, Central and Eastern Europe.
- Johnson & Johnson in its acquisition from AstraZeneca of the global rights outside of the U.S. to Rhinocort Aqua, a line of nasal sprays used to treat allergies.
- Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group.
- MBIA in the sale of its UK subsidiary to Assured Guaranty.
- A private equity fund in the subscription of subordinated convertible promissory notes in a Cayman Islands incorporated company which operates an energy business in Africa.
- AmTrust Financial Services in its $219 million acquisition of ANV Holding, a Lloyd's platform.
- Helios Investment Partners in its acquisition of a majority stake in Telkom Kenya from The Orange Group.
- Management of Balta in the sale of a controlling stake in the company by Doughty Hanson to Lone Star.
- Stone Point Capital as an anchor investor in the formation of Cross Ocean Partners, including the acquisition of a significant stake in the management company and GP, and the acquisition by Cross Ocean Partners of the European Special Situations business from Capula Investment Management.
- TA Associates in its acquisition of Access Technology Group.
- Management of Sky Bet in the sale of a controlling stake in the company by Sky to funds advised by CVC, in a transaction valuing Sky Bet at £800 million.
- Helios Investment Partners in the acquisition by Helios Towers Africa of 3,100 telecommunications towers, located throughout Africa, from Bharti Airtel.
- Johnson & Johnson in the sale of its worldwide intimate health business to Reckitt Benckiser, a UK-based consumer goods company.
- Schneider Electric in the sale of its custom sensors and technologies division to Carlyle and PAI, based on an enterprise value of $900 million, and its reinvestment of approximately $100 million.
- Towergate in the acquisition of Paymentshield.
- Clayton, Dubilier & Rice as the majority shareholder of Exova in the company’s £220 million initial public offering.
- HarbourVest Partners on numerous deals relating to its direct investment programme.
- The executive management and certain other shareholders of Arrow Global Group in the company's £357 million initial public offering.
- One of Deutsche Bank's private equity platforms in its acquisition of interests in Calastone, Graze, Secret Escapes and Zoopla Property Group from Octopus, a leading specialist fund management company.
- Management of Vue Cinemas in the £935 million sale of the company by Doughty Hanson to OMERS Private Equity and Alberta Investment Management Corporation.
- Clayton, Dubilier & Rice in its acquisition of a significant stake in B&M Retail.
- Exal Corporation, an Ontario Teachers portfolio company, in the sale of its European division to Ardagh Group.
- TA Associates in its £740 million acquisition of Jupiter Asset Management from Commerzbank, its management buy-out of Quotient Bioscience Group and its acquisition of SmartStream Technologies.
- Sberbank in the acquisition of 70% stake in Cetelem Bank and formation of a joint venture with BNP Paribas Personal Finance.
- Bridgepoint Capital in its acquisition of Tilney Asset Management, its acquisition and £995 million sale of Pets at Home to KKR, its €500 million acquisition of Pret a Manger, its £360 million acquisition of Fat Face and its acquisition of Hobbycraft.
- Management in numerous transactions, including: the merger of AA and Saga, All3Media, BSN Medical, Eurofiber, HellermannTyton, Norit, Novus, Priory Hospitals, Vetco Gray and Vue Cinemas.
- Burren Energy in its £1.74 billion takeover by Italian energy company Eni.
Education
- University of Oxford, 1986, B.A.