In this case study we look at the approach taken to successfully deliver a complex and time pressured transaction across over 50 jurisdictions. This case study is typical of the type of work Travers Smith assists clients with across multiple international jurisdictions.
International Case Study: FTSE 100 technology company
Overview
Task
Our longstanding client, a FTSE 250 technology company, was looking to merge with the software business of a Fortune 100 company. The target business operated in over 50 jurisdictions globally and the transaction was undertaken on an accelerated timetable, making this a complex and high-pressured matter which was of great strategic importance to the client, propelling it into the FTSE 100.
Solution
Given the global spread of the target business and the challenging timetable for the transaction, we needed to be able to assemble a responsive and high quality global team within a short space of time. The substantial investment we have made in building deep and broad relationships with leading independent law firms across the globe enabled us to rapidly identify the most suitable local counsel with the necessary expertise as well as experience of working together to enable us to work seamlessly across over 30 jurisdictions for this particular transaction.
The flexibility of our independent model allowed us to work both with our own preferred firms and, where the client preferred, their own usual counsel. Applying rigorous project management, we co-ordinated the international team and also drew on expertise from our Corporate, Competition, Incentives & Remuneration, IP & Technology, Pensions, Real Estate and Tax teams, providing a single point of contact for our client and delivering a seamless service and a one-firm approach.
Outcome
This was a high value transaction representing a critical milestone to our client's business. We were able to successfully partner with and support our client within the tight time frame given by employing our extensive international network and bespoke approach to deliver a successful result for the client. Our longstanding investment into the development of strong relationships with the best independent law firms globally ensured we were perfectly placed to provide a one-firm solution on a fast paced and complex global transaction requiring advice across Europe, North America, Asia, South America, Oceania and the Middle East.
