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AML & Financial Services Regulatory

A Global Guide to Take-Private Transactions

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Recent falls in equity markets mean that many listed companies may appear attractively priced, for a period at least. With significant levels of dry powder available to financial investors and potential delays to at least some private M&A processes, we expect the focus on “take-private” transactions to increase during the next phase of the cycle.

Our Global Guide to Take-Private Transactions sets out a comparison of the key features and requirements applicable to take-private deals in a numbers of jurisdictions around the globe, including indicative timelines.


We will be happy to provide more details of the rules and practice in any jurisdiction.

Note: The content of this guide is current as of 6 August 2020. The high-level guidance in this document is not intended to be comprehensive legal advice. We will be keeping this resource up to date, and adding more jurisdictions over time, so we encourage you to refer to the most recent report available on this page.

You may also refer to Baker McKenzie’s Global Public M&A Guide, which provides an overview of some of the key legal considerations associated with public M&A transactions in 42 jurisdictions across the globe.

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Author

David Allen is a partner in the Firm's London office, leading the Firm's private equity & funds team in London and globally. David's team won "Private Equity Team of the Year" in the 2016 British Legal Awards and was shortlisted for "Private Equity Team of the Year" in 2018 and 2017 in the British Legal Awards and Legal Business Awards respectively.

Author

Michael F. DeFranco currently serves as Chair of the Firm's Global M&A Practice Group. He advises clients on transactional matters, including mergers and acquisitions, securities law compliance, corporate governance issues and disclosure concerns. His extensive experience includes representing multinational companies in both public and private acquisitions and divestitures.

Author

Matthew Dening is the Chair of the Firm's Global Derivatives Practice and a member of the Firm’s Structured Capital Markets Group in the London office. He focuses his practice primarily on cross-border structured finance transactions involving derivatives, repos and securities lending, as well as the regulation of financial products under the European Market Infrastructure Regulation (EMIR), MiFID II and the Securities Financing Transactions Regulation (SFTR). Matthew has received acknowledgement from numerous legal industry guides. He has been ranked as a leading expert by Chambers & Partners since 2005, and is currently ranked Band 1 in Structured Finance & Derivatives in the most recent Global edition. They highlight that he "understands complex problems very well, and is able to think about business issues in conjunction with legal requirements," as well as being "incredibly responsive and client-friendly." He regularly acts for buy-side derivatives firms. The UK Legal 500 note him as "a true expert in this area of law, a pleasant person who can explain very difficult matters clearly." Matthew is a member of the Editorial Board of Butterworths Journal of International Banking and Finance Law. He is a frequent speaker and guest panellist at conferences in both the derivative and structured product area, as well as law firm management. He was recently a guest panellist at Thomson Reuters Transforming Women’s Leadership in the Law in 2019.

Author

Michael Foundethakis acted as the global chair of Baker McKenzie’s Banking & Finance Practice Group from May 2017 to July 2020. He currently heads Banking & Finance in Paris and continues to act as global head of Project and Trade & Export Finance for the firm. Mr. Foundethakis is highly recommended as a leading banking and finance lawyer by Chambers Global, Legal 500, JUVE and IFLR. Additionally, he was the exclusive winner of the ILO Client Choice Award 2011 in Banking for Germany and again winner of the same award in 2017 in Banking for France. A team led by Michael Foundethakis was awarded Banking, Finance & Restructuring Team of the Year at The African Legal Awards 2015.

Author

Karen joined Baker McKenzie's Kuala Lumpur office in 1998 and has been a partner in the Firm's London office since 2007. She is the global chair of Private Equity, having previously served as EMEA chair of Private Equity. She is also a member of the London Management Committee.

Author

Koen Vanhaerents is a partner in corporate finance in the Brussels office. Koen joined Baker McKenzie in 1987. He advises Belgian and foreign clients on a wide range of corporate finance operations (both public and private) and complex corporate law issues. He is closely involved in numerous operations and take-overs on the Belgian capital markets, private equity transactions and mergers and acquisitions. From October 2009 to October 2014, Koen was a member of the Executive Committee of Baker McKenzie and Chairman of the EMEA Region of the Firm. From October 2014 to July 2020, he was Head of Global Capital Markets. “Koen Vanhaerents is regarded by commentators as “one of the leading M&A lawyers in Belgium” (Chambers), “In negotiations, he is excellent when assessing complex situations and helping to set the strategy”, “Looking for high-level, sensitive board-level advice, Koen is on my shortlist.”

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