Jane Scobie

Jane co-authored the “United Kingdom” chapter of the Fundraising section in the fourth edition of the Private Equity Review. She is a member of the Tax Committee of The City of London Law Society.

M&A and Private Equity*

• Saudi Reinsurance Company on the sale its 49.9% stake in Probitas to Aviva plc.
  
• Levine Leichtman Capital Partners in connection with LLCP and ICG’s strategic partnership with Law Business Research.
• Volante Group in its sale of a majority stake to Acrisure.
• Cresta Fund Management in its investment in Lapis Energy LP.
• Searchlight Capital Partners in its agreement to acquire a majority stake in Celestyal Cruises.
• Bluewater on its acquisition of IMServ Europe Limited from Schneider Electric.
• Freshstream on the sale of leading UK holiday resort business Away Resorts to CVC Capital Partners.
  
• CapVest Partners on its agreement to sell portfolio company Eight Fifty Food Group to Sofina Food Inc.
• NextPharma on its agreement to acquire the Ploermel and Edinburgh production sites of biotechnology company Lonza.
• Take-Two Interactive Software on the proposed takeover of London-listed Codemasters for approximately $994 million in cash and Take-Two stock.
• Levine Leichtman Capital Partners on its acquisition of BigHand Ltd., a leading provider of workflow software solutions.
• Atlas Holdings in its acquisition of global contractor Permasteelisa.
• CapVest Partners and its portfolio company Valeo Foods in its acquisition of Campbell’s European Chips Business.
• CapVest Partners and its portfolio company Karro Food Group in the acquisition of Young’s Seafood.
• PAI Partners, the owners of StellaGroup, in StellaGroup’s acquisition of the shutters & awnings platform of CRH.
• Ares Management Limited on the provision of a senior and PIK financing package to refinance the Daisy Group’s existing financing arrangements and fund the buyout of certain investors in the Daisy Group.
• Shareholders of Albéa S.A. on the US$1.5 billion sale of Albéa S.A. to PAI Partners.
• Sun Capital portfolio company Exopack on the creation of the Coveris Group and subsequent US$1.2 billion re-financing.
• TowerBrook Capital Partners, L.P. on the acquisition by funds under its control of Independent Clinical Services (“ICS”) from private equity funds managed by affiliates of The Blackstone Group, L.P.
• Ontario Teachers’ Pension Plan on the £365 million acquisition of Bridon Limited
• Summit Partners on its majority investment in Independent Vetcare Holdings Limited, one of the largest private veterinary groups in the United Kingdom.
• Searchlight Capital Partners on the acquisition of a controlling interest in Ocean Outdoor U.K. Ltd.
• Ontario Teachers’ Pension Plan on the acquisition of Burton’s Biscuits Company.*
• Sun Capital Partners on the acquisition of a business division of Invensys Plc., comprising the design, manufacture and supply of appliance controls (Invensys Appliance) from Schneider Electric.*
• KKR on its acquisition of lifting equipment company Crosby Group and specialty material handling equipment maker Acco Material Handling Solutions from Melrose Industries Plc for around US$1 billion.*
• New Mountain Capital on its £260 million acquisition of Alexander Mann Solutions.*
• TowerBrook on its acquisition of AIM Aviation from Lloyds Development Capital.*

Capital Markets

• Lancashire Holdings Limited on its inaugural offering of $450 million aggregate principal amount of 5.625% Fixed-Rate Reset Junior Subordinated Notes due 2041.
• Carlyle and IDH as to U.S. and English law on the £100 million tap offering of senior secured floating rate notes due 2018 to refinance obligations under IDH’s revolving credit facility.*
• The Carlyle Group and Integrated Dental Holdings on IDH’s £400 million High Yield Notes Offering.*

Private Funds*

• Gramercy Property Trust Inc., a real estate investment trust, on the closing of a €350 million venture targeting single-tenant net leased assets and sale-leaseback opportunities across Europe.
• Towerbrook on its sale of a 10% stake in its management company.

Restructuring*

• AFE. Advising the ad hoc group of holders of €307.5 million senior secured notes in the financial restructuring of a pan-European NPL servicer.
  
• Lifeways. Advising one of the UK's largest care home providers, on the restructuring and recapitalisation of its business. The engagement is the first ever UK RP involving a CQC-regulated business.
• Lecta. Acting for the coordinating committee of senior secured noteholders in connection with the comprehensive restructuring of its €600 million senior secured notes by way of scheme of arrangement.

_{* Jane advised on these matters prior to joining Willkie.}