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Alan Bainbridge

Partner

Alan Bainbridge

London

T:+44 20 7444 3279

Alan Bainbridge is a corporate lawyer based in London. He focuses on strategic M&A and corporate advisory for financial institutions.

Alan was also previously a member of the Barclays Bank PLC M&A legal team in London where he advised the bank on a number of notable transactions, including the US$1.1 billion sale by Barclays Bank PLC of its 43 per cent stake in FirstCaribbean International Bank, the US$225 million acquisition by Barclays Capital of EquiFirst, the US based non-conforming mortgage lender and the €225 million acquisition by Barclays Global Investors of Indexchange, a leading European ETF business based in Germany.

Alan is qualified in both England and Hong Kong and spent a number of years in our Hong Kong office before becoming a partner.

Alan is individually ranked by Chambers (2017) for Corporate / M&A: High end. He is “superb in the technicalities” and gives “balanced, pragmatic views,” according to commentators.

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  • Representative experience

    Financial Services M&A

    • Advising SG Hambros Bank on its acquisition of the banking business of Kleinwort Benson Bank by way of Part VII FSMA banking business transfer
    • Advising Barclays Bank PLC on the US$2.8 billion sell-down of Barclays Group's 62 percent shareholding in JSE-listed Barclays Africa Group Limited and on the related bank separation arrangements
    • Advising HSBC on its proposed US$6.3 billion acquisition of a controlling stake in Korea's KEB
    • Advising Barclays Bank PLC on the sale of its French retail banking and wealth management business to ANA Cap Financial Partners
    • Advising Piraeus Bank on the sale of its Egyptian banking business, by way of auction, to Kuwait's Al Ahli bank
    • Advising Goldman Sachs in its capacity as sole underwriter to African Bank's ZAR 5.5 billion rights offer
    • Advising Lloyds Banking Group on its non-core disposal programme
    • Advising Barclays Bank PLC on the acquisition by Absa Group of Barclays' banking operations in Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania, Uganda and Zambia for a consideration of 129,540,636 Absa Group shares, representing a value of ZAR18.3 billion (c.GBP1.3 billion)
    • Advising RBS PLC on its non-core disposal programme
    • Advising Absa Bank Limited on its R10 billion acquisition of the private label store cards portfolio of Edcon Proprietary of South Africa
    • Advising on the acquisition of Morgan Stanley's European natural gas and power trading portfolio by Royal Dutch Shell Plc

    Restructurings

    • Advising Lloyds Bank PLC on its £37 billion reduction of capital in connection with its ring-fencing implementation
    • Advising HSBC's independent banking representative in connection with the review and implementation of HSBC's structural reform proposals to comply with ICB's ring-fencing recommendations as reflected in the Financial Services (Banking Reform) Act 2013
    • Advising Drax Group, owner of Western Europe's biggest coalfired station, on its complex £1 bn plus restructuring effected through schemes of arrangement in three jurisdictions that occurred immediately before its listing on the LSE, as well as on the separate and parallel M&A auction process
    • Advising HBOS on the restructuring of Bond Aviation Group, including its subscription for 1.6m 5% cumulative redeemable preference shares
    • Advising Lloyds bank on the restructuring of its non-core assets book, including advising on several shipping and aviation loan portfolio disposals
  • Admissions
    • Solicitor, qualified in England & Wales
    • Solicitor, qualified in Hong Kong
  • Publications

    Alan regularly advises on bank specific legislation and is a contributor to A Practitioner’s Guide to Individual Conduct and Accountability in Financial Services Firms. Alan is also Co-author of the Banking Reform Act chapter of Thomson Reuters’ Compliance Officer publication, which provides an in-depth analysis of key areas of the Act, including PLAC requirements, bail-in, electrification of the ring-fence and corporate governance for ring-fenced banks. Alan has also written articles on the Act for other publications including the Journal of International Banking and Financial Law and the Proprietary Trading Global Comparison.