JohnPhillips

Partner-in-Charge London

London + 44.20.7039.5215

John Phillips is Partner-in-Charge of the London Office of Jones Day and has more than 30 years of experience in corporate law. He began his career as an equity capital markets lawyer after secondment at the London Stock Exchange writing the Listing Rules. In recent years he has amassed extensive M&A experience with a particular focus on cross-border transactions. He also has advised on numerous private equity investments.

Representations include advising: Standard Bank on its sale of its £600 million controlling shareholdings in Standard Bank Argentina S.A. to Industrial and Commercial Bank of China Limited; Procter & Gamble on its acquisition of Ambi Pur for $470 million and on the sale of its European tissue business to Svenska Cellulosa AB for $672 million; DV4 Limited on the acquisition of Minerva plc (enterprise value of £1.2 billion) and numerous other deals; and WL Ross & Co. on its £100 million investment in Virgin Money Holdings (UK) Limited, its participation in a €1.123 billion minority investment in Bank of Ireland, and its acquisition of Northern Rock. John also advised Alfa Group and Access-Renova Group on the formation of TNK-BP, a joint venture with BP plc involving the contribution of oil and gas assets valued at US$18 billion and Alfa Group in the monetization of its rights to future delivery of BP ordinary shares.

John is a trustee and vice chair of The Brittle Bone Society, a UK charity that provides support to people affected by osteogenesis imperfecta, a rare bone condition. He is also a trustee of Heritage of London Trust Limited, which is dedicated to restoration projects for historic buildings and monuments.

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Experience

  • DV4 and Oxford Properties form DOORJones Day advised DV4 Ltd (“DV4”), which is advised by Delancey Real Estate Asset Management Ltd, on the sale of DV4's interests in Get Living, the UK’s leading privately backed residential company, to Delancey Oxford Residential (“DOOR”) a new co-investment platform with initial capital commitments of £600 million; the establishment of DOOR, which includes the joint venture between DV4 and Oxford Properties; and on real estate matters related to the London scheme, Elephant Central in Elephant and Castle which is part of the Get Living portfolio.
  • 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).
  • Procter & Gamble sells its beauty brands to Coty for $12.5 billionThe Procter & Gamble Company ("P&G") has merged its 43 beauty brands ("RMT Brands") of global salon professional hair care and color, retail hair color, cosmetics, and fine fragrance businesses, along with select hair styling brands with Coty Inc. in a Reverse Morris Trust transaction for $12.5 billion.
  • DV4 forms joint venture with APG Asset Management and Qatari Diar Real Estate Investment Co. to create £1.4 billion (US$2 billion) home rental business in London with 4,000 homesJones Day represented DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, in connection with the formation of a £1.4 billion (US$2 billion) joint venture with APG Asset Management NV and Qatari Diar Real Estate Investment Co., to create a home rental business in London, with properties in the former Olympic athletes' village and the Elephant & Castle district.
  • STERIS and Synergy Health close $6.2 billion cash and stock combinationJones Day represented STERIS Corporation in its combination with Synergy Health plc in a cash and stock transaction.
  • Standard Bank Group sells controlling stake in London based Global Markets business to ICBC for estimated $765 millionJones Day advised the board of directors of Standard Bank Plc in connection with the sale of shares representing 60 percent of all of the issued shares of Standard Bank Plc, together with the grant of put and call options in respect of the remaining shares, to Industrial and Commercial Bank of China Limited.
  • ACI Worldwide acquires ReD for $205 millionJones Day advised ACI Worldwide in the $205 million cash acquisition of Retail Decisions ("ReD"), a leader in fraud prevention solutions.
  • WL Ross purchases Ordinary Shares of NBNK InvestmentsJones Day advised funds managed by WL Ross & Co. LLC on their acquisition of 16,077,597 new Ordinary Shares of NBNK Investments PLC at a price of 39 pence per share.
  • Standard Bank sells majority interest in Standard Bank ArgentinaJones Day advised Standard Bank Group Limited in the disposal of the majority of its interest in Standard Bank Argentina S.A. (SBA) and associated local affiliates Standard Investments S.A. Sociedad Gerente de Fondos Comunes de Inversión and Inversora Diagonal Sociedad Anónima to Industrial and Commercial Bank of China Limited.
  • American Greetings acquires Clinton Cards businessJones Day advised Lakeshore Lending Limited, a subsidiary of American Greetings Corporation, Inc. on the acquisition of a substantial part of the Clinton Cards business and assets from its administrators, Peter Saville, Simon Freakley and Anne O'Keefe of Zolfo Cooper.
  • Qualcomm sells 49% interest in Indian entities to BhartiJones Day advised Qualcomm Incorporated ("Qualcomm"), a world leader in 3G and next-generation mobile technologies, and Qualcomm Asia Pacific Pte. Ltd. ("Qualcomm AP") in the announced agreement for Bharti Airtel Limited ("Bharti") to acquire an interest in Qualcomm AP's Indian BW entities.
  • Safra acquires One Plantation Place for £470 million (US$759 million)Jones Day advised Safra in connection with its £470 million (US$759 million) acquisition of One Plantation Place Unit Trust from its existing unitholders including Schroder Real Estate and Stobart Group, and the stabilization of its existing CMBS structure.
  • WL Ross and Virgin consortium acquires Northern Rock bank from UK Treasury for £1 billion (US$1.55 billion)Jones Day represented WL Ross as lead investor in the £1 billion (US$1.55 billion) acquisition of Northern Rock plc from the UK Government.
  • WL Ross participates in €1.123 billion (US$1.6 billion) minority investment in Bank of IrelandJones Day advised WL Ross & Co. LLC in the €1.123 billion (US$1.6 billion) minority stake investment in Bank of Ireland. Co-investors included Fairfax Financial Holdings, Capital Research, Fidelity Investment, and Kennedy Wilson.
  • DV4 participates in consortium to acquire MinervaJones Day represented DV4 Limited in connection with the £202.6 million (US$325.4 million) - enterprise value £1 billion (US$1.6 billion) - offer for Minerva plc by Jupiter Properties 2011 UK Limited, a consortium comprised of a subsidiary of DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, and funds advised by AREA Property Partners (UK) Limited.
  • DV4 acquires Oakmayne Plaza through purchase of senior secured loan from Royal Bank of ScotlandJones Day advised DV4 in connection with the acquisition of Oakmayne Plaza, a significant development site in central London, and related purchase of a senior secured loan together with the entire capital structure of Eadon Limited by DV4 Properties Eadon Co. Limited.
  • Nidec acquires motors and controls business of Emerson ElectricJones Day advised Nidec Corporation in its acquisition of the motors and controls business of Emerson Electric Co.
  • WL Ross acquires stake in Virgin Money HoldingsJones Day represented WL Ross & Co. LLC in connection with its £100 million (US$152 million) acquisition of a 21% stake in Virgin Money Holdings (UK) Limited.
  • Procter & Gamble acquired Ambi Pur, the air care business of Sara Lee, for $470 millionJones Day advised The Procter & Gamble Co. ("P&G") in its purchase of Sara Lee's Ambi Pur Business for EU 320 million ($470 million).
  • WL Ross completes £49 million rights issue by WagonJones Day counseled WL Ross & Co. LLC in connection with the underwriting of a £49 million (US $100 million) rights issue by Wagon Plc, a supplier of roll-formed solutions.
  • Speaking Engagements

    • July 23, 2009
      International Business Roundtable: Pittsburgh in the Global Economy - Doing Business in Europe, Asia, Mexico, and the Middle East