Tom Matthews
Tom Matthews is a partner in the Firm's M&A and Corporate Practice in the London Office. He advises corporates, investment banks and private equity and activist funds on international public and private M&A transactions, primary and secondary equity raisings and sell-downs, joint ventures and listed company advisory and corporate governance matters. Prior to joining White & Case, Tom worked for a London magic circle firm and another major international law firm for 14 years.
Practice Area
Panel
- Contributing Author
3 Contributions by Tom Matthews
PRACTICE NOTES
UK Public M&A 2020 under the Takeover Code: Deal Trends, P2P and Overseas Bidders, COVID-19 Impact, Legal and Regulatory Developments, and 2021 Outlook
ARCHIVED: This content was published in 2021 and is not maintained.
The Market Standards trend report delivers detailed examination of the 42 firm offers, 45 possible offers and 13 formal sale processes and/or strategic reviews announced by Main Market and AIM companies subject to the Takeover Code in 2020. It shares insight on public M&A patterns and what we and our contributors anticipate for 2021 and beyond.
What does the Market Standards trend report cover?
Topics explored include:
transaction value and volume
transaction structures
hostile, rival and mandatory bids
P2P transactions
domestic and international bidder activity
sector focus
post-offer statements of intention (POI statements) and COVID-19
legal and regulatory changes
outlook for 2021
The report also studies high‑profile deals, such as Intact Financial and Tryg’s £7.2bn bid for RSA Insurance Group, GardaWorld’s £3.7bn hostile bid for G4S, Allied Universal’s £3.8bn rival bid for G4S, and Caesar Entertainment’s £2.9bn offer for William Hill.
What are the highlights from the report?
Public M&A activity rose sharply in H2 2020 relative to the first half of the year as global markets...
Corporate
PRACTICE NOTES
UK public takeovers (Takeover Code): H1 2020 analysis of firm/possible offers, private equity and foreign bidder trends, sector focus, COVID-19 impacts and legal and regulatory developments
ARCHIVED: This content was published in 2020 and is not maintained. The Market Standards trend report delivers detailed analysis of the 12 binding offers and ten potential offers made for Main Market and AIM companies subject to the Takeover Code in H1 2020. It also provides insight into public M&A patterns and what we might anticipate in H2 2020 and beyond.
What does the Market Standards trend report cover?
deal value and volume
private equity deal activity
UK and foreign bidder activity
industry focus
deal structures
post-offer statements of intention
shareholder activism
coronavirus (COVID-19) issues and impact
legal and regulatory developments
What are the highlights from the report?
The economic uncertainty arising from the coronavirus (COVID-19) pandemic has had a material effect on public M&A activity, with activity notably lower in Q2 2020. In H1 2020 there were 12 firm offers announced, compared with 33 firm offers in H1 2019 and 33 firm...
Corporate
PRACTICE NOTES
UK Takeover Code public M&A 2019: volumes up, values down; private equity and foreign bidders; activism; legal and regulatory developments; 2020 outlook
ARCHIVED: This content was published in 2020 and is not maintained.
The Market Standards trend report presents detailed examination of the 66 firm offers and 45 possible offers made for quoted companies governed by the Takeover Code during 2019. It also shares insight into public M&A patterns and what we might expect in 2020 and thereafter.
What does the Market Standards trend report cover?
transaction value and volume
private equity participation
hostile takeovers and rival bids
sector focus
UK and overseas bidder activity
shareholder activism
post-offer undertakings and national security undertakings
legal and regulatory developments
The report assesses headline transactions, including the Takeaway.com/Prosus competing bids for Just Eat, Advent International’s £4bn offer for Cobham, the £2.6bn consortium bid for Inmarsat, and Non-Standard Finance’s £1.3bn hostile approach for Provident Financial.
What are the highlights from the report?
Public M&A deal volume increased markedly in 2019 (66 firm offers)...
Corporate
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