Weil, Kirkland and Links act on RBS's disposal of WorldPay
Linklaters, Weil Gotshal & Manges and Kirkland & Ellis have secured roles on Royal Bank of Scotland's (RBS) sale of its remaining 20% stake in WorldPay to private equity firms Advent International and Bain Capital. RBS was advised on the disposal of the payment processing operator by Linklaters corporate partner Anne Drummond.
December 04, 2013 at 07:03 PM
2 minute read
Linklaters, Weil Gotshal & Manges and Kirkland & Ellis have secured roles on Royal Bank of Scotland's (RBS) sale of its remaining 20% stake in WorldPay to private equity firms Advent International and Bain Capital.
RBS was advised on the disposal of the payment processing operator by Linklaters corporate partner Anne Drummond.
Weil acted for Advent and Bain with a team led by private equity co-head Marco Compagnoni and partner Samantha McGonigle.
Kirkland was also instructed by Bain on banking arrangements, led by client partner Sam Pakbaz. The value of the deal is undisclosed.
RBS is continuing to sell off non-core assets and consolidate its offerings around the world after being bailed out by the UK Government in the wake of the financial crisis.
In August the UK lender sold its Indian businesses to Ratnakar Bank. Linklaters and Slaughter and May acted on the deal, which saw Ratnakar acquire 120,000 customers and all of RBS's local employees.
Last year RBS sold its pan-Asian cash equities, equity capital markets and corporate advisory businesses to Malaysia's second biggest lender, CIMB, for £88.4m. Advent acquired the Priory Group from RBS in 2011 for £925m, with Weil acting for the buy-out giant.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllLatham, Skadden Among Firms Acting on Mubadala's $3.4 B Acquisition of CI Financial
3 minute readLatham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250