Steven Hannah

Mr. Hannah’s practice focuses on advising on leveraged buyouts, disposals, consortium and minority equity investments in various geographies, sectors and transaction values, combining project management skills with transaction execution and structuring, and general corporate matters.

His work also involves advising portfolio companies of financial sponsors on bolt-on transactions, restructurings, recapitalisations, management incentive schemes, senior executive hires and dismissals, and other strategic matters.

Mr. Hannah’s recent representations include advising:

• funds advised by Castik Capital in:
  • CPA Global’s $6.8 billion all-stock combination with Clarivate plc;
  • the sale of approximately 25% of portfolio company Waterlogic Holdings Limited to British Columbia Investment Management Corporation; and
  • their acquisition of two IP management services and software companies, ipan Group and Delegate, and their subsequent merger with CPA Global, a portfolio company of Leonard Green Partners and Partners Group;
• Montagu Private Equity LLP and the other shareholders of Equatex in their €354 million disposal to Computershare;
• Hg in:
  • its sale of Sovos Compliance to a consortium headed by Hg’s Saturn 2 fund and TA Associates;
  • the acquisition by Hg’s Saturn 2 fund of a stake in Visma, valuing the business at an enterprise value of $12.2 billion, which is the world’s largest-ever software buyout; and
  • its investments in Litera Microsystems, Workshare and Allocate;
• Transaction Services Group (TSG) in Calera Capital’s sale of a majority stake in TSG to Advent International Corporation;
• Sovos Compliance, LLC, a portfolio company of Hg, in its acquisitions of TrustWeaver AB and Paperless;
• Open International, a Montagu portfolio company, in its acquisition of Transactor Global Solutions;
• CogitalGroup, an Hg portfolio company (now Azets), in its acquisition of Wilkins Kennedy; and
• AddSecure, a Castik Capital portfolio company, in its acquisition of Connexas Group.

Mr. Hannah’s representations prior to joining Skadden include advising:

• Hg, Montagu Private Equity and funds managed by Castik Capital on various acquisitions;
• CVC Capital Partners in leading a consortium including Temasek Holdings and Vatera Healthcare Partners on their acquisition of a controlling stake in Alvogen;
• Qatar Investment Authority in the acquisition, together with BRF Foods, of approximately 80% of the shares of Banvit Bandırma Vitaminli Yem Sanayi, a Turkish-listed company operating in the poultry sector, from its controlling shareholders;
• Rhone Capital in its acquisition of ASK Chemicals;
• the founders and management of Avast software in the sale of a 40% interest to CVC Capital Partners;
• LDC in its equity investment into a multinational financial services firm; and
• Oaktree Capital Management in its disposal of R&R Ice Cream.