CPA GlobalMonday, 31 August 2015
CPA is a leading intellectual property support services and legal outsourcing company with 1,300 people working across offices in London, Paris, Munich, Washington D.C., Sydney, Hong Kong and New Delhi, as well as in Mauritius, New Zealand, Jersey and Canada. The company also has strategic partnerships in Japan and Korea.
Travers Smith acted as international counsel on this ground-breaking multi-jurisdictional deal, coordinating advice from 15 law firms across the globe as well as working with numerous other law firms representing CPA's local offices and its owners.
Due to the nature of CPA's complicated ownership structure, we were required to devise an innovative acquisition process, using one of the first schemes of arrangement to be completed in Jersey. Working to a very tight timetable imposed by the Jersey courts, the deal also involved obtaining clearances in Australia and New Zealand as well as US and Jersey anti-trust clearances, and ensuring compliance with US export control issues.
This was our first instruction from ICG, and crucial to winning the deal was our willingness to assume responsibility for the advice we obtained from foreign counsel, offering one engagement letter, one due diligence report and one invoice to our client, covering all the jurisdictions involved.
“They skilfully dealt with the complexities and multi-jurisdictional nature of our investment in CPA Global, and successfully delivered to a challenging time frame. We were delighted with the first transaction they completed for us.”
Matthew Robinson, Partner, Intermediate Capital Group
Details of the deal
Size - £440m
Advised Intermediate Capital Group plc on its investment in CPA Global
Australia, Canada, France, Germany, Hong Kong, India, Japan, Jersey, Korea, Mauritius, New Zealand, USA