Paul Doris is counsel in Skadden’s corporate practice where he focuses primarily on cross-border mergers and acquisitions, joint ventures and private equity, private capital, and infrastructure transactions.
Mr. Doris has represented a broad range of private equity and other financial sponsors including, among others, BTG Pactual, Apax Partners Worldwide LLP, Credit Suisse Asset Management Finance LLC, Doughty Hanson, Och-Ziff Capital Management Group LLC, Fortress Investment Group LLC, Colony Capital, Inc., Accelero Capital Holdings, Barclays Private Equity, One Equity Partners, RREEF Alternative Investments, Warburg Pincus and TPG Capital.
Having practised English corporate law in London, Madrid, Frankfurt and Paris, he has represented financial sponsors, multinational corporations and financial institutions on a broad range of cross-border transactions throughout Western, Central and Eastern Europe, particularly in the U.K. and Spain and also in Latin America, India and the Middle East. Fluent in Spanish and with strong transactional experience in Spain, he plays a key role in developing Skadden’s Spanish practice.
A selection of Mr. Doris’ transactional experience includes representing:
- BTG Pactual on the acquisition of BSI, the Swiss private banking group owned by Assicurazioni Generali SpA, for CHF 1.5 billion;
- BTG Pactual on the acquisition of the business of Ariel Re (Holdings) Limited, a Bermuda-based property and casualty reinsurance company, from Global Atlantic Financial Group Limited, a multiline insurance and reinsurance company;
- Pfizer Inc. on its proposed US$118 billion acquisition of AstraZeneca PLC;
- Vitol Group, the world’s largest independent energy trader, on the establishment of Varo Energy, a 50:50 joint venture with global alternative asset manager, The Carlyle Group, to create a midstream energy group across northwest Europe, and the sale of Vitol’s German tank storage and wholesale distribution businesses to Varo Energy;
- Nokia Corporation on its US$7.1 billion sale of its devices and services business and license of its patents to Microsoft Corporation. This transaction was named “Global M&A Deal of the Year, Europe/Finland” for 2014 by The American Lawyer;
- Mylan Laboratories Inc. on its US$1.6 billion acquisition of the Agila injectables businesses from Indian pharmaceutical company, Strides Arcolab Limited;
- Revlon Inc. on its US$660 million acquisition of The Colomer Group from CVC Capital Partners and other private investors;
- BTG Pactual on its successful €1 billion bid, as part of an international consortium, for the 50-year concession to manage, operate and maintain Aigües Ter Llobregat, the Catalonian water utility. The transaction is the largest privatization effected in the region of Catalonia to date;
- BTG Pactual on its successful €430 million bid, together with Abertis Infraestructuras, S.A., to acquire the concessionaire company, Túnels de Barcelona i Cadí Concessionària de la Generalitat de Catalunya, S.A.;
- Rain CII Carbon LLC, a subsidiary of Rain Commodities Limited, on its US$914 million acquisition of RUTGERS, a manufacturer of specialty chemicals, from funds advised by Triton;
- Affiliates of Doughty Hanson & Co. Managers Limited (United Kingdom) on the US$1.1 billion sale, along with Euroland Investments B.V., of Norit N.V., a manufacturer of carbon-based products, to Cabot Corporation;
- Tumi Holdings, Inc., a portfolio company of Doughty Hanson & Co., a manufacturer of upscale luggage and travel accessories, on its US$389 million IPO of common stock;
- Affiliates of Doughty Hanson & Co. V on the acquisition of a substantial interest in Grupo Hospitalario Quirón and the agreement under which Doughty Hanson & Co V and the Cordón Muro family jointly control USP Hospitales and Grupo Hospitalario Quirón, one of Spain’s largest private hospital groups;
- One Equity Partners and Constantia Flexibles, a global manufacturer of flexible packaging, on the acquisition of Amcor Flexibles Tobepal from Amcor;
- RREEF Alternative Investments, as part of an international consortium comprising Area Property Partners, Europa Capital and Banca March, on the €1.5 billion acquisition of approximately 1,200 Spanish bank branches and landmark buildings and their simultaneous long-term lease back to Banco Bilbao Vizcaya Argentaria;
- Suez Environnement on its €666 million acquisition of a significant minority interest in Aguas de Barcelona from Criteria CaixaCorp and its €687 million indirect disposal of a controlling interest in Spanish health insurance company, Adeslas;
- Gas Natural on various English law matters relating to its €16.7 billion merger with Unión Fenosa and Unión Fenosa Generación;
- Affiliates of Warburg Pincus on the disposal of Eurocom Cable Management Bulgaria to an affiliate of EQT; the acquisitions of the Czech Internet businesses, NetCentrum and Atlas; and the leveraged buyouts of The Falstap Group, a Ukrainian cable operator and Eurocom Cable, a Bulgarian cable operator;
- Inmobiliaria Colonial on various English law matters relating to its €4.9 billion debt restructuring;
- The international consortium led by Goldman Sachs on the £2.8 billion acquisition of Associated British Ports, the U.K. ports operator; and
- The international consortium led by Grupo Ferrovial on the £10.1 billion acquisition of BAA plc, the U.K. and international airports operator.
Mr. Doris is recommended for private equity transactions in The UK Legal 500 2013 and has been listed as a leading lawyer in Chambers Global and Chambers Europe, drawing praise for being “an adept M&A lawyer” who is “particularly experienced in the private equity arena.” He is a visiting lecturer on international M&A and private equity at IE Business School, Madrid.
Legal Practice Course, The College of Law, 1997-1998
B.A. (Common and Civil Law and Hispanic Studies), The Queen’s University of Belfast, 1993-1997 (Hons)
Spanish Law, La Universidad de Salamanca, 1995-1996