Linda Davies
Linda Davies has extensive experience in cross-border M&A, joint ventures and private equity transactions representing multinational public and private companies, financial institutions, private equity houses and entrepreneurs.

Bio

Ms. Davies is listed as a leading individual in the U.K. M&A and Women in Business Law categories in Expert Guides – The World’s Finest Lawyers Chosen By Their Peers. She also has been repeatedly ranked as a leading lawyer in Chambers Global, Chambers Europe and IFLR 1000. Ms. Davies also won the Best in Mergers & Acquisitions accolade at the Euromoney/LMG Europe Women in Business Law Awards 2014, and was a member of Skadden’s Russia practice that was named M&A Firm of the Year 2012 at the Financial Times/mergermarket European M&A Awards.

Notable transactions she has worked on include advising:

  • Lightning Investors Limited, an entity jointly owned by FMR LLC and FIL Limited, in its US$2.7 billion acquisition of the remaining stake in Colt Group S.A. it did not already own;
  • HellermannTyton Group PLC (a portfolio company of United Kingdom-based Doughty Hanson & Co.) in its US$1.7 billion acquisition by Delphi Automotive PLC;
  • Permira Funds in the US$2.8 billion sale of its portfolio company Iglo Foods Holdings Limited to Nomad Holdings Limited;
  • Citibank, N.A. in connection with the proposed sale of its retail and institutional margin foreign exchange business to affiliates of FXCM Inc. In a separate transaction, Citibank sold certain margin foreign exchange assets in Singapore to an affiliate of Saxo Bank A/S;
  • Citigroup Inc. in the sale of its wealth management services business to affiliates of Genpact Limited;
  • FMR LLC and FIL Limited in their US$164 million sale of KVH Co., Ltd. to Colt Group S.A.;
  • Imerys SA in its US$652.8 million acquisition of S&B Industrial Minerals GmbH;
  • Murad, Inc. in the acquisition of its long-term distribution partner in the United Kingdom;
  • Millhouse in connection with an investment and a shareholders’ agreement regarding OAO GMK Norilsk Nickel. Millhouse is acquiring a minority stake as part of the settlement of a long-running shareholder dispute between existing shareholders Rusal and Interros;
  • Alfa-Access-Renova (AAR) in connection with:
    • the US$56 billion sale of TNK-BP to Russian state-owned oil company Rosneft. AAR’s 50 percent stake in TNK-BP was sold for US$28 billion. The deal, which was the largest M&A transaction in the world in 2012, brought the joint venture between AAR and BP to an end;
    • TNK-Brasil’s US$1 billion acquisition of a 45 percent interest in concession rights over blocks in Solimões from HRT O&G Exploração e Producao de Petróleo Ltda; and
    • several victories in its dispute over BP’s attempt to form a US$16 billion strategic alliance with Rosneft;
  • the seller of OJSC TD Kopeyka to X5 Retail Group NV, for US$1.65 billion, making it the largest-ever deal in the Russian retail sector;
  • the owners of the Paterson supermarket chain in the sale of Paterson to X5 Retail Group for US$275 million;
  • Citigroup Inc. and Primerica in Primerica’s US$368 million initial public offering of common stock;
  • Nafta Moskva in connection with a multibillion-dollar acquisition of a significant stake in OJSC Uralkali;
  • Fortress Investment Group LLC, a global alternative asset management firm, in the acquisition of an 80 percent stake in American General Finance Inc. from American International Group, Inc.;
  • Bank of Moscow in connection with an equity investment by Credit Suisse International and Goldman Sachs International;
  • a remaining shareholder in Lenta in connection with the acquisition by TPG and VTB Capital of an approximately 35 percent stake in Lenta Ltd. and the new shareholders’ arrangements to govern the management of Lenta and regulate the relationship between them;
  • BlackRock, Inc. in its US$13.5 billion acquisition of Barclays Global Investors from Barclays Bank PLC;
  • The Bear Stearns Companies Inc. in its US$1.2 billion merger with JPMorgan Chase & Co.;
  • American Express Company in the US$1.1 billion sale of its global private banking and correspondent banking businesses to Standard Chartered PLC;
  • The Nasdaq Stock Market, Inc. in the sale of a 28 percent stake in the London Stock Exchange for US$1.6 billion;
  • Laidlaw International, Inc in its £1.9 billion acquisition by U.K. transport company FirstGroup Plc.;
  • Toshiba Corporation in its US$5.4 billion acquisition of Westinghouse Electric Company LLC and in its US$1.2 billion sale of a 23 percent stake in Westinghouse Electric Company LLC;
  • DXIII Holdings, Inc., a subsidiary of MacAndrews & Forbes Holdings Inc., in its acquisition of a film processing and creative services business from The Rank Group Plc for US$750 million;
  • Citigroup Inc. in its acquisition of certain subsidiaries of Legg Mason Inc. and the sale to Legg Mason Inc. of substantially all of Citigroup’s global asset management business with a transaction value of US$3.7 billion; and
  • Citigroup Inc. in the sale of The Travelers Insurance Company, The Travelers Life and Annuity Company and substantially all of Citigroup’s international insurance businesses to MetLife, Inc. for US$11.5 billion.

Credentials

Education

  • Post Graduate Diploma in Legal Practice, University of Strathclyde, Glasgow, 1990
  • LL.B., University of Strathclyde, Glasgow, 1989

Admissions

  • Solicitor, England & Wales
  • New York

Linda Davies

Partner, Mergers and Acquisitions
linda.davies@skadden.com