VicaIrani

Partner

London + 44.20.7039.5237

In more than 20 years of practice, Vica Irani has advised on hundreds of complex M&A, private equity, and equity capital markets (ECM) transactions, across a range of industries, with a particular focus on cross-border and multijurisdictional deals. She also regularly counsels public companies on governance matters, securities laws, and disclosure obligations. Vica leads the Firm's M&A Practice in Europe.

Vica's representative M&A transactions include advising: Reynolds American on its $49 billion merger with BAT; Owens Corning on its $1.04 billion acquisition of Paroc; Hansteen on the $1.4 billion disposal of its German and Dutch portfolio; RPC on its $715.8 million acquisition of GCS; ENRC on its $4.5 billion take private and numerous other M&A transactions; and Macquarie European Infrastructure Funds on many transactions (including the divestures of Airwave and NCP).

VIca's representative ECM transactions include advising: ENRC on its $3 billion initial public offering (IPO); WL Ross on the IPO of Virgin Money and subsequent sales of its stake; SEQI on its IPO and several subsequent capital raises; Loungers on its IPO; Central Asia Metals on its reverse takeover of Lynx Resources; and numerous international issuers on listing and raising capital in London, including several from jurisdictions not previously represented on the London markets.

Vica also spent a year in the Firm's New York Office, where she advised on cross-border M&A and securities transactions. She has served on the board of the Graham Layton Trust since 2011, is a frequent author and speaker on corporate and governance matters, and has been consistently recommended as a leading lawyer in legal directories for more than a decade.

Experience

  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • Macquarie to sell Condor FerriesJones Day is advising Macquarie Infrastructure and Real Assets in the sale of Condor Ferries, an operator of lifeline freight and passenger ferry services between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France, to a consortium of Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) and Brittany Ferries.
  • The Stars Group to combine with Flutter Entertainment in all share transaction to create world's largest online gaming company by revenueJones Day is advising The Stars Group Inc. ("TSG"), listed on Nasdaq and TSX, on an all-share combination with Flutter Entertainment plc ("Flutter"), listed on LSE, to be implemented through an acquisition of TSG by Flutter pursuant to a Canadian plan of arrangement (the "Combination").
  • Cineworld Group completes asset monetization strategies in United States through cinema sale-leaseback transactionsJones Day advised UK headquartered, Cineworld Group PLC in connection with an asset monetization strategy in the United States involving a combined cash consideration of $556.3 million cinema sale-leaseback transactions to convert a substantial portion of Cineworld’s U.S. real estate holdings into cash to leverage its equity and optimize efficiency.
  • Loungers completes £185 million IPO on AIMJones Day represented Loungers plc, an operator of 146 cafés, bars, and restaurants across England and Wales, in connection with its £185 million (US$239 million) initial public offering on the Alternative Investment Market of the London Stock Exchange.
  • Roper Technologies acquires Foundry for £410 million (US$543.4 million)Jones Day advised Roper Technologies, Inc. in its acquisition of Foundry in an all-cash transaction valued at £410 million (US$543.4 million).
  • Faron Pharmaceuticals places €3.1 million of Ordinary Shares on AIMJones Day represented Faron Pharmaceuticals Oy, a clinical stage biopharmaceutical company based in Turku, Finland, in connection its €3.1 million (US$3.5 million) placement of Ordinary Shares on the Alternative Investment Market (AIM).
  • Hansteen Holdings completes £145 million return of capital to shareholdersJones Day advised Hansteen Holdings PLC in connection with a £145 million (US$197.3 million) return to shareholders by means of a court-approved reduction of capital.
  • Mainstay Medical International completes €30.1 million issue of shares to new and existing shareholdersJones Day advised Mainstay Medical International plc, an Irish medical device company listed on Euronext Paris and the ESM of the Irish Stock Exchange, in connection with its €30.1 million (US$37.1 million) financing through the issue of shares to new and existing shareholders, primarily institutions in Europe and North America, including the Ireland Strategic Investment Fund (ISIF).
  • Owens Corning acquires Paroc Group, a leading European mineral wool manufacturer, for approximately €900 million (US$1.04 billion)Jones Day advised Owens Corning in its acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe, from CVC Capital Partners for an enterprise value of approximately €900 million ($1.04 billion).
  • Pacifico Aquaculture acquired by ButterflyJones Day represented Pacifico Aquaculture SAPI DE CV in connection with the acquisition by Butterfly, a Los Angeles-based private equity firm specializing in the food sector.
  • Hansteen Holdings completes £580 million tender offerJones Day advised Hansteen Holdings PLC in connection with the Company's share buy-back by way of tender offer at 140p per share comprising a distribution to shareholders of approximately £580 million (US$778 million), being a substantial proportion of the net cash proceeds from its €1.28 billion sale of its German and Dutch property portfolio which was completed in June 2017.
  • Central Asia Metals acquires Lynx Resources Limited for $402.5 millionJones Day represented Central Asia Metals PLC ("CAML") in connection with its acquisition of Lynx Resources Limited, which owns the SASA zinc-lead mine in Macedonia, for US$402.5 million and the connected equity fundraise of £113 million (US$153.5 million).
  • Macquarie European Infrastructure Fund II sells National Car Parks Limited to consortium of Park24 Co., Ltd. and Development Bank of Japan Inc.Jones Day advised Macquarie European Infrastructure Fund II LP in the sale of 100 percent of its interest in National Car Parks Limited to a consortium of Park24 Co., Ltd. and Development Bank of Japan Inc.
  • Reynolds American acquired by British American Tobacco Plc in deal valued at $49 billionJones Day advised Reynolds American Inc. ("RAI") regarding the acquisition by British American Tobacco, p.l.c. ("BAT") of 57.8 percent of the outstanding shares of RAI not owned by BAT and its affiliates in a transaction valued at $49 billion.
  • Hansteen completes acquisition of Industrial Multi Property Trust PLC sharesJones Day advised Hansteen Holdings PLC in connection with a voluntary recommended cash offer of £25,228,560 (US$31.3 million) for the entire issued share capital of Industrial Multi Property Trust PLC, an Isle of Man close-ended property investment company admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange.
  • Hansteen disposes German and Dutch portfolio for €1.28 billion (US$1.4 billion)Jones Day advised Hansteen Holdings PLC in the disposal of its German and Dutch property portfolios and real estate management business for €1.28 billion (US$1.4 billion) to entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate (the "Buyer").
  • Automated Systems Holdings completes acquisition of Grid Dynamics International for up to US$118 million funded by rights issue and placing of convertible bondsJones Day advised Automated Systems Holdings Limited, an information technology and software company, in connection with its acquisition of Grid Dynamics International, Inc., a provider of open, scalable, next-generation e-commerce technology solutions, by way of merger at a consideration of up to US$118 million and its financing by way of a HK$193 million rights issue and placing of convertible bonds with an aggregate value of HK$350 million.
  • Vale Soluções em Energia sells UK subsidiary company TAO Sustainable Power SolutionsJones Day advised Vale Soluções em Energia S.A. (VSE) in the sale of UK subsidiary company TAO Sustainable Power Solutions (UK) Limited, the owner of a majority of the shares of Turbo Power Systems Inc (TPS).
  • Parker Hannifin completes $2 billion private offerings of Senior NotesJones Day represented Parker Hannifin Corporation, a global leader in motion and control technologies, engineering innovative products and systems, in connection with its $2 billion private offerings of Senior Notes.
  • Speaking Engagements

    • September 30, 2019
      Shareholder Activism and ESG: US and European Perspectives
    • June 7, 2018
      Hot Topics in Cross-Border M&A, Jones Day German Client Day
    • March 22, 2017
      Managing Conflicts of Interests, MBL Seminars
    • November 20, 2014
      Managing conflicts of interest in the boardroom, TMF Group Webinar
    • March 20, 2013
      The IPO process: Key requirements, Accessing international capital in London
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