Private equity
Duncan has advised UK and international venture capital and mid-market private equity houses, as well as corporates transacting with VC/PE houses and their investee companies. Key transactions include:
Acquisition of testing equipment manufacturer system
Advised Boston based private equity firm Union Park Capital and its portfolio company Industrial Physics LLC on the acquisition of testing equipment manufacturer Systech Illinois (with businesses in the UK and the US).
Acquisition of UK telecommunications business
Advised Marlin Equity Partners on the UK aspects of its acquisition of Nokia Siemens Networks (NSN) to form Coriant. NSN is a global provider of telecommunications infrastructure hardware, software and services.
UK Specialist Hospitals sale to Care UK
Advised the investors in UK Specialist Hospitals, a provider of elective surgery centres for NHS funded patients, on its sale to Care UK.
Acquisition of high end flooring company
Advised Mannington Mills Inc on it strategic £100 million acquisition of high end flooring company Amtico from AAC Capital UK.
More: Private equity
Real estate
Duncan advises on the corporate aspects of real estate transactions often on deals where the asset is held in a corporate wrapper. Key transactions include:
Divestment of London office building to South African investment company
Representing the selling investors on the multi-million pound divestment of a Mayfair London office building to a South African investment company.
Acquisition of tenanted pub portfolio
Advised Red Oak Taverns Group on the acquisition of the 146-strong GRS tenanted pub portfolio and the associated equity investment into the Red Oak Group as part of the funding for the transaction.
Acquisition and investment in UK property market
Advised Hong Kong real estate group Peterson on its joint £71 million acquisition with Resolution Property of the Great Northern Warehouse in Manchester and on its investment into Hadley Property Group through a strategic joint venture with LJ Group, the global multi-family office.
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Joint ventures
Duncan has worked on a huge range of joint ventures involving a variety of jurisdictions and asset classes. Key transactions include:
Covanta and GIG/Macquarie strategic partnership
Advised Covanta on its strategic partnership with Green Investment Group(GIG)/Macquarie to develop, fund and own energy-from-waste projects in the UK and Ireland. The initial investment took place into Covanta's Dublin EfW project, with the purchase price implying a total enterprise value for the project of about €700 million.
Acquisition of a European automotive supplier
Provided English law advice on the acquisition by Henniges Automotive, a Michigan-based automotive supplier of a competitor based and operating throughout Europe.
Investment in online gaming sector
Advised SportsMEDIA Technology Inc's investment into sports betting platform provider FSB Technology.
Acquisition and investment in UK property market
Advised Hong Kong real estate group Peterson on its joint £71 million acquisition with Resolution Property of the Great Northern Warehouse in Manchester. Also advised on its investment into Hadley Property Group through a strategic joint venture with LJ Group, the global multi-family office.
Joint venture to create India-based steel fabricator
Advised Severfield plc's joint venture with India's Jindal Group to create India based steel fabricator JSW Severfield Structures Limited.
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Public and private M&A
Duncan advises clients on a wide range of M&A transactions, including public takeover offers and private company asset or share deals. These often have international elements and particularly involve United States based acquirers of businesses situated in Europe. Key transactions include:
Covanta and GIG/Macquarie strategic partnership
Advised Covanta on its strategic partnership with Green Investment Group(GIG)/Macquarie to develop, fund and own energy-from-waste projects in the UK and Ireland. The initial investment took place into Covanta's Dublin EfW project, with the purchase price implying a total enterprise value for the project of about €700 million.
Meggitt PLC on sale of Meggitt Target Systems to QinetiQ Group plc
Advised Meggitt PLC on the sale of the shares in three target companies, collectively known as Meggitt Target Systems to QinetiQ Group plc for £57.5 million in cash. The sale was run as an auction process and Stephenson Harwood worked closely with Meggitt and its financial advisers Stephens Europe to achieve a successful outcome.
Acquisition of testing equipment manufacturer system
Advised Boston based private equity firm Union Park Capital and its portfolio company Industrial Physics LLC on the acquisition of testing equipment manufacturer Systech Illinois (with businesses in the UK and the US).
Acquisition of ComNet
Advised Access Control Enterprises LLC (ACRE) on the acquisition of a manufacturer of video and data transmission equipment Communication Networks LLC (dba ComNet).
Mercer acquisition of Sirota Consulting
Advised global consultant group Mercer on its acquisition of Sirota Consulting, a provider of employee engagement solutions.
Sale of JB Riney to Tarmac
Advised various trust and individual sellers in relation to the sale of civil engineering company JB Riney to Tarmac, the building materials business part of the CRH Group.
Coral AE acquisition of Lukoil Cyprus
Advised Coral AE (a subsidiary of Motor Oil Hellas Corinth Refineries S.A.) on its €10 million acquisition of 31 Lukoil petrol stations in the Republic of Cyprus.
DealerTrack takeover of incadea
Advised on DealerTrack Holdings Inc's £122 million public takeover of London listed provider of enterprise software solutions to the automotive industry, incadea plc.
Acquisition of a UK-based professional services business
Advised financial services group Duff & Phelps on its acquisition of the business and assets of MCR, a UK-based corporate restructuring and turnaround firm.
UK Specialist Hospitals sale to Care UK
Advised the investors in UK Specialist Hospitals, a provider of elective surgery centres for NHS funded patients, on its sale to Care UK.
Motor Oil Hellas acquisition of Shell's downstream business in Greece
Advised Motor Oil Hellas on its $245 million acquisition of Shell's downstream business in Greece, involving the acquisition of Shell Hellas A.E., the Greek arm of Shell International and operator of some 700 petrol stations in Greece; Shell A.E.B.E.Y., a liquid petroleum company and the entry into a new aviation fuel marketing joint venture with Shell.
Acquisition of a European automotive supplier
Provided English law advice on the acquisition by Henniges Automotive, a Michigan-based automotive supplier of a competitor based and operating throughout Europe.
More: Public and private M&A