Simon Rootsey
Partner
Areas of Focus
- Private Equity Transactions
- Mergers & Acquisitions
- Investment Management
- Corporate & Finance
- Energy & Infrastructure
- Health Care & Life Sciences
- Infrastructure & Transportation
- Sovereign & Government Investors
- Joint Ventures & Strategic Alliances
- Midstream Oil & Gas
- Refining, Petrochemicals & Processing
- Corporate Governance
- Digital Health
- Credit Funds
- Oil & Gas
- Oilfield Services
- Upstream Oil & Gas
- Renewable Energy
- Fintech
- Hedge Funds
- Fund Formation
- Telecom, Media & Technology
- Projects & Energy Transition
- Private Equity
- Private Capital
- Capital Solutions
Simon Rootsey
Partner
simon.rootsey@akingump.com
Areas of Focus
- Private Equity Transactions
- Mergers & Acquisitions
- Investment Management
- Corporate & Finance
- Energy & Infrastructure
- Health Care & Life Sciences
- Infrastructure & Transportation
- Sovereign & Government Investors
- Joint Ventures & Strategic Alliances
- Midstream Oil & Gas
- Refining, Petrochemicals & Processing
- Corporate Governance
- Digital Health
- Credit Funds
- Oil & Gas
- Oilfield Services
- Upstream Oil & Gas
- Renewable Energy
- Fintech
- Hedge Funds
- Fund Formation
- Telecom, Media & Technology
- Projects & Energy Transition
- Private Equity
- Private Capital
- Capital Solutions
Areas of Focus
- Private Equity Transactions
- Mergers & Acquisitions
- Investment Management
- Corporate & Finance
- Energy & Infrastructure
- Health Care & Life Sciences
- Infrastructure & Transportation
- Sovereign & Government Investors
- Joint Ventures & Strategic Alliances
- Midstream Oil & Gas
- Refining, Petrochemicals & Processing
- Corporate Governance
- Digital Health
- Credit Funds
- Oil & Gas
- Oilfield Services
- Upstream Oil & Gas
- Renewable Energy
- Fintech
- Hedge Funds
- Fund Formation
- Telecom, Media & Technology
- Projects & Energy Transition
- Private Equity
- Private Capital
- Capital Solutions
Biography
- Experienced private equity and merger and acquisitions (M&A) lawyer focused on complex cross-border M&A and private equity transactions.
- Experience covers a broad range of sectors—most frequently represents private equity firms, sovereign wealth funds, infrastructure investors and corporates on transactions in the energy (particularly downstream, midstream and energy transition), infrastructure, healthcare/life sciences, agriculture and tech sectors where he has particularly deep expertise.
- Regularly represents clients on deals involving the Middle East, Africa (where he has worked on some of the highest profile deals of recent years), Latin America and United Kingdom (U.K.)/Europe.
- In recent years, has worked extensively with Middle East sovereign wealth funds on their M&A programs—in the Middle East, and more commonly, on outbound investments.
Simon is an experienced private equity and M&A lawyer who works with private equity firms, sovereign wealth funds, infrastructure investors and corporates on complex cross-border M&A and private equity transactions across a broad range of sectors and in multiple regions.
Simon’s corporate experience covers:
- all aspects of M&A and private equity transactions.
- consortium, joint venture and co-investment deals.
- complex carve-out deals where he has considerable experience.
- public takeovers, particularly for clients considering their first take private transaction.
- IPO exits acting for selling shareholders / investors.
- late stage VC investments.
- the corporate side of special situations and financial restructurings/workouts.
Representative Work
- Vitol Investment Partnership and/or Vitol Group (one of the world’s largest commodity trading houses) in relation to its $1.15 billion sale of 50 percent of the VTTI Group (one of the largest independent global energy terminal businesses) to New York Stock Exchange (NYSE) listed Buckeye Partners.
- Helios Investment Partners (a leading Africa-focused private investment firm) in relation to the $1.45 billion IPO of Helios Towers Africa (a leading Sub-Saharan independent tower company)on the premium-listing segment of the London Stock Exchange.
- Vitol Investment Partnership/Vitol Group and Helios Investment Partners in relation to Vivo Energy’s approximately £2 billion initial public offering (IPO) on the London Stock Exchange and Johannesburg Stock Exchange (being one of the largest ever Africa-focused IPOs).
- Formation Capital (a United States (U.S.)-based private investment management firm) in relation to its $763 million acquisition of the HC-One Group (the U.K.’s largest elderly health care home group).
- Nikkei Inc (the Japanese media organization) in relation to its $1.3 billion acquisition of the Financial Times from Pearson (a FTSE (Financial Times Stock Exchange) 100 member).
Private Equity
- Vitol Investment Partnership and/or Vitol Group (one of the world’s largest commodity trading houses) in relation to:
- together with Delonex Energy (a Warburg Pincus portfolio company) and Africa Oil (the TSX listed oil and gas company), its $1.4 billion proposed acquisition of 50 percent of Petrobas Oil & Gas B.V. (being the holding company of producing assets in deepwater Nigeria) from Petrobas and on-going joint venture (JV) arrangements with BTG Pactual.
- its proposed acquisition of 50 percent of Grupo Dislub Ecuador (a market leader in the downstream sector in Northern Brazil).
- its acquisition of 50 percent of the Rodoil Group (a market leader in the downstream sector in South/Southeast Brazil).
- together with its JV partner, it’s up to $606 million recommended acquisition of London Stock Exchange listed Fortune Oil (a China focused oil and gas storage company).
- Helios Investment Partners (a leading Africa-focused private investment firm) in relation to:
- its acquisition of Louis Dreyfus Company’s Africa-based fertilizers and inputs operations.
- multiple M&A transactions.
- Vitol Investment Partnership/Vitol Group and Helios Investment Partners in relation to:
- their $1 billion acquisition of 80 percent of the Shell Group’s African downstream operations.
- their $250 million buy-out of Shell’s (a FTSE 100 member) 20 percent stake in Vivo Energy, plus acting for Vivo Energy in relation to the long-term extension of its brand license agreements relating to its use of the Shell brand in Africa.
- their $460 million acquisition of 60 percent of Oando’s (the Nigerian Stock Exchange listed group) Nigerian downstream oil operations.
- Vivo Energy (the leading African downstream business) in relation to its acquisition of ENGEN’s downstream business in nine African jurisdiction for cash and shares.
- EQT, in relation to its sale of Tampnet (the offshore communication infrastructure provider) to 3i Infrastructure and ATP.
- Riverstone in relation to:
- together with Quintana Shipping (its portfolio company), its $365 million sale of Quintana Shipping’s 14 vessel fleet (six Capesize and eight Kamsarmax/Panamax) to the Golden Ocean Group (the Oslo Stock Exchange listed group).
- its sale of BearTooth Advisors (an independent advisory firm) to Houlihan Lokey.
- Blackstone in relation to its investment in Fisterra Energy (an energy company specializing in energy infrastructures).
- A number of U.S./U.K.-based private equity firms on investments in the U.K. and Europe (including Apollo and Carlyle).
- Formation Capital (a U.S.-based private investment management firm) in relation to its £100 million acquisition of Meridian Health care together with the HC-One Group, and multiple M&A transactions (actual and potential) in the U.K. health care space.
- Elevation Advisers (a specialist investor and asset manager focused on the U.K. health care real estate sector) in relation to its establishment and multiple M&A deals.
- DH Private Equity Partners (a U.K. private equity firm) in relation to:
- the TMF Group (the large multinational professional services firm) sales process that resulted in a €1.75 billion sale to CVC, plus:
- its €750 million acquisition of the TMF Group from Silverfleet.
- its €350 million acquisition of the Equity Trust Group from Candover Investments (and its subsequent merger with the TMF Group).
- the TMF Group in relation to multiple M&A transactions.
- its sale of TV3 (Ireland’s leading commercial television broadcaster) to Liberty Global.
- its sale of the Balta Group (the largest producer of textile floor coverings in Europe) to Lone Star Funds.
- its $981 million sale of the Eurofiber Group (a leading Dutch telecommunications company) to Antin Infrastructure Partners.
- its $1.4 billion sale of Vue Cinemas (a leading developer and operator of multiplex cinemas) to OMERS Private Equity and Alberta Investment Management Corporation, plus (i) its €450 million acquisition of Vue Cinemas from Apollo and (ii) Vue Cinema’s €170 million acquisition of CinemaxX (a major German cinema multiplex chain) and Multikino (Poland’s second largest multiplex cinema chain).
- its $1.1 billion sale of the Norit Group (a leader in the manufacturing/sale of activated carbons) to NYSE listed Cabot corporation.
- its £250 million acquisition of the ASCO Group (an international oilfield support services business) from Phoenix Equity Partners, plus ASCO Group in relation to its sale of the Oniqua Group (a software company/cloud-based platform) to IBM.
- its €460 million acquisition of an industrial braking solutions company (that was subsequently merged into LM Wind Power).
- its investment in the KP1 Group (a French building materials company), including in relation to its €215 million note/warrant issuance to GSO Capital Partners.
- the TMF Group (the large multinational professional services firm) sales process that resulted in a €1.75 billion sale to CVC, plus:
- Doughty Hanson portfolio company, the 20:20 Mobile Group (the U.K. hardware distributor), in relation to its sale to Brightstar Corporation (a subsidiary of Softbank).
- Ares Life Sciences/Waypoint Capital (an investment fund backed by the Bertarelli family) in relation to:
- the EU cross-border merger of French listed Stallergenes S.A. with Greer Laboratories to create a worldwide leader in allergy immunotherapy.
- their investment in Affidea (a leading operator of diagnostic, clinical laboratory and cancer treatment centers), including their (i) acquisition with Montagu Private Equity of a 35 percent stake from Bank of America Merrill Lynch and (ii) subsequent buy-out of Montagu Private Equity’s stake.
- Calera Capital in relation to its acquisition of RFIB (an international Lloyd’s insurance and reinsurance broker).
- Och-Ziff Capital in relation to a £250 million rights issue by the Phoenix Group (a FTSE 250 member).
Cross-Border M&A
- Teekay Tankers (NYSE listed and the world’s largest operator of mid-sized tankers) in relation to its share-for-share merger with Oslo Stock Exchange listed Tanker Investments to create a combined group with total assets of $2.4 billion.
- CryoLife (the NYSE listed leading medical device group) in relation to its $225 million acquisition of the JOTEC Group (a German-based developer of medical devices).
- Russell Investments (the leading index compiler and asset manager) in relation to its $2.7 billion sale to the London Stock Exchange Group (a FTSE 100 member).
- HellermannTyton Group (a London Stock Exchange listed manufacturer of cable management solutions) in its $1.7 billion recommended cash acquisition by Delphi Automotive (NYSE listed).
- Yoox Group (the Italian listed fashion and leisure company) in relation to its merger with the Net-a-Porter Group (the Italian listed online luxury fashion business) to create a combined group with net revenues of $1.4 billion.
- Middleby Corporation (the NASDAQ listed leading food service equipment group) in relation to its $200 million recommended cash acquisition of London Stock Exchange listed Aga Rangemaster Group.
- Colfax Corporation (the NYSE listed manufacturer of fluid handling products) in relation to its $2.4 billion acquisition of a London Stock Exchange listed Charter International (a FTSE 250 member).
- EnergySolutions (a leading nuclear decommissioning service provider) in relation to its $1.1 billion sale to Energy Capital Partners.
- Cosan (the Brazilian listed producer and seller of sugar and ethanol alcohol) in relation to its $1.8 billion acquisition of a 60 percent stake in Comgas (Brazil’s largest gas distributor) from the BG Group (a FTSE 100 member).
- China Huaneng Group (one of the largest state-owned electric utility enterprises in China) in relation to its $1.2 billion acquisition of 50 percent of the InterGen Group (the international power generation group).
- Hexcel Corporation (NYSE listed) in relation to its acquisition of 50 percent of Formax (a leading manufacturer of composite reinforcements) and the subsequent buy-out of its JV partner.
- Mitsui & Co (the leading Japanese trading house) in relation to multiple iron ore joint venture arrangements with BHP Billiton in Western Australia.
Restructurings
- Ad Hoc Committee of Noteholders of Metrocentre’s £485 million 8.75 percent Secured Fixed Rate Notes in relation to a restructuring transaction involving a transfer of the ownership of the Metrocentre Group, which owns the Metrocentre shopping complex (being one of Europe’s largest covered shopping and leisure destinations).
- Advising the largest holder of secured bonds issued by Polarcus Limited, a marine seismic exploration business, on the liquidation of Polarcus Limited and the transfer of secured assets to a company owned by the bondholders.
- TPG portfolio company, the Vita Group (a large manufacturing company), in relation to its debt-for-equity restructuring by means of a U.K. scheme of arrangement.
List may include matters worked on prior to joining Akin.
Private Equity
- Vitol Investment Partnership and/or Vitol Group (one of the world’s largest commodity trading houses) in relation to:
- together with Delonex Energy (a Warburg Pincus portfolio company) and Africa Oil (the TSX listed oil and gas company), its $1.4 billion proposed acquisition of 50 percent of Petrobas Oil & Gas B.V. (being the holding company of producing assets in deepwater Nigeria) from Petrobas and on-going joint venture (JV) arrangements with BTG Pactual.
- its proposed acquisition of 50 percent of Grupo Dislub Ecuador (a market leader in the downstream sector in Northern Brazil).
- its acquisition of 50 percent of the Rodoil Group (a market leader in the downstream sector in South/Southeast Brazil).
- together with its JV partner, it’s up to $606 million recommended acquisition of London Stock Exchange listed Fortune Oil (a China focused oil and gas storage company).
- Helios Investment Partners (a leading Africa-focused private investment firm) in relation to:
- its acquisition of Louis Dreyfus Company’s Africa-based fertilizers and inputs operations.
- multiple M&A transactions.
- Vitol Investment Partnership/Vitol Group and Helios Investment Partners in relation to:
- their $1 billion acquisition of 80 percent of the Shell Group’s African downstream operations.
- their $250 million buy-out of Shell’s (a FTSE 100 member) 20 percent stake in Vivo Energy, plus acting for Vivo Energy in relation to the long-term extension of its brand license agreements relating to its use of the Shell brand in Africa.
- their $460 million acquisition of 60 percent of Oando’s (the Nigerian Stock Exchange listed group) Nigerian downstream oil operations.
- Vivo Energy (the leading African downstream business) in relation to its acquisition of ENGEN’s downstream business in nine African jurisdiction for cash and shares.
- EQT, in relation to its sale of Tampnet (the offshore communication infrastructure provider) to 3i Infrastructure and ATP.
- Riverstone in relation to:
- together with Quintana Shipping (its portfolio company), its $365 million sale of Quintana Shipping’s 14 vessel fleet (six Capesize and eight Kamsarmax/Panamax) to the Golden Ocean Group (the Oslo Stock Exchange listed group).
- its sale of BearTooth Advisors (an independent advisory firm) to Houlihan Lokey.
- Blackstone in relation to its investment in Fisterra Energy (an energy company specializing in energy infrastructures).
- A number of U.S./U.K.-based private equity firms on investments in the U.K. and Europe (including Apollo and Carlyle).
- Formation Capital (a U.S.-based private investment management firm) in relation to its £100 million acquisition of Meridian Health care together with the HC-One Group, and multiple M&A transactions (actual and potential) in the U.K. health care space.
- Elevation Advisers (a specialist investor and asset manager focused on the U.K. health care real estate sector) in relation to its establishment and multiple M&A deals.
- DH Private Equity Partners (a U.K. private equity firm) in relation to:
- the TMF Group (the large multinational professional services firm) sales process that resulted in a €1.75 billion sale to CVC, plus:
- its €750 million acquisition of the TMF Group from Silverfleet.
- its €350 million acquisition of the Equity Trust Group from Candover Investments (and its subsequent merger with the TMF Group).
- the TMF Group in relation to multiple M&A transactions.
- its sale of TV3 (Ireland’s leading commercial television broadcaster) to Liberty Global.
- its sale of the Balta Group (the largest producer of textile floor coverings in Europe) to Lone Star Funds.
- its $981 million sale of the Eurofiber Group (a leading Dutch telecommunications company) to Antin Infrastructure Partners.
- its $1.4 billion sale of Vue Cinemas (a leading developer and operator of multiplex cinemas) to OMERS Private Equity and Alberta Investment Management Corporation, plus (i) its €450 million acquisition of Vue Cinemas from Apollo and (ii) Vue Cinema’s €170 million acquisition of CinemaxX (a major German cinema multiplex chain) and Multikino (Poland’s second largest multiplex cinema chain).
- its $1.1 billion sale of the Norit Group (a leader in the manufacturing/sale of activated carbons) to NYSE listed Cabot corporation.
- its £250 million acquisition of the ASCO Group (an international oilfield support services business) from Phoenix Equity Partners, plus ASCO Group in relation to its sale of the Oniqua Group (a software company/cloud-based platform) to IBM.
- its €460 million acquisition of an industrial braking solutions company (that was subsequently merged into LM Wind Power).
- its investment in the KP1 Group (a French building materials company), including in relation to its €215 million note/warrant issuance to GSO Capital Partners.
- the TMF Group (the large multinational professional services firm) sales process that resulted in a €1.75 billion sale to CVC, plus:
- Doughty Hanson portfolio company, the 20:20 Mobile Group (the U.K. hardware distributor), in relation to its sale to Brightstar Corporation (a subsidiary of Softbank).
- Ares Life Sciences/Waypoint Capital (an investment fund backed by the Bertarelli family) in relation to:
- the EU cross-border merger of French listed Stallergenes S.A. with Greer Laboratories to create a worldwide leader in allergy immunotherapy.
- their investment in Affidea (a leading operator of diagnostic, clinical laboratory and cancer treatment centers), including their (i) acquisition with Montagu Private Equity of a 35 percent stake from Bank of America Merrill Lynch and (ii) subsequent buy-out of Montagu Private Equity’s stake.
- Calera Capital in relation to its acquisition of RFIB (an international Lloyd’s insurance and reinsurance broker).
- Och-Ziff Capital in relation to a £250 million rights issue by the Phoenix Group (a FTSE 250 member).
Cross-Border M&A
- Teekay Tankers (NYSE listed and the world’s largest operator of mid-sized tankers) in relation to its share-for-share merger with Oslo Stock Exchange listed Tanker Investments to create a combined group with total assets of $2.4 billion.
- CryoLife (the NYSE listed leading medical device group) in relation to its $225 million acquisition of the JOTEC Group (a German-based developer of medical devices).
- Russell Investments (the leading index compiler and asset manager) in relation to its $2.7 billion sale to the London Stock Exchange Group (a FTSE 100 member).
- HellermannTyton Group (a London Stock Exchange listed manufacturer of cable management solutions) in its $1.7 billion recommended cash acquisition by Delphi Automotive (NYSE listed).
- Yoox Group (the Italian listed fashion and leisure company) in relation to its merger with the Net-a-Porter Group (the Italian listed online luxury fashion business) to create a combined group with net revenues of $1.4 billion.
- Middleby Corporation (the NASDAQ listed leading food service equipment group) in relation to its $200 million recommended cash acquisition of London Stock Exchange listed Aga Rangemaster Group.
- Colfax Corporation (the NYSE listed manufacturer of fluid handling products) in relation to its $2.4 billion acquisition of a London Stock Exchange listed Charter International (a FTSE 250 member).
- EnergySolutions (a leading nuclear decommissioning service provider) in relation to its $1.1 billion sale to Energy Capital Partners.
- Cosan (the Brazilian listed producer and seller of sugar and ethanol alcohol) in relation to its $1.8 billion acquisition of a 60 percent stake in Comgas (Brazil’s largest gas distributor) from the BG Group (a FTSE 100 member).
- China Huaneng Group (one of the largest state-owned electric utility enterprises in China) in relation to its $1.2 billion acquisition of 50 percent of the InterGen Group (the international power generation group).
- Hexcel Corporation (NYSE listed) in relation to its acquisition of 50 percent of Formax (a leading manufacturer of composite reinforcements) and the subsequent buy-out of its JV partner.
- Mitsui & Co (the leading Japanese trading house) in relation to multiple iron ore joint venture arrangements with BHP Billiton in Western Australia.
Restructurings
- Ad Hoc Committee of Noteholders of Metrocentre’s £485 million 8.75 percent Secured Fixed Rate Notes in relation to a restructuring transaction involving a transfer of the ownership of the Metrocentre Group, which owns the Metrocentre shopping complex (being one of Europe’s largest covered shopping and leisure destinations).
- Advising the largest holder of secured bonds issued by Polarcus Limited, a marine seismic exploration business, on the liquidation of Polarcus Limited and the transfer of secured assets to a company owned by the bondholders.
- TPG portfolio company, the Vita Group (a large manufacturing company), in relation to its debt-for-equity restructuring by means of a U.K. scheme of arrangement.
List may include matters worked on prior to joining Akin.
EducationLL.B. (Hons), University of Western Australia, 2005
B.Com., University of Western Australia, 2005
LL.B. (Hons), University of Western Australia, 2005
B.Com., University of Western Australia, 2005
Bar AdmissionsSolicitor, England and Wales
Solicitor, England and Wales
Recognitions
- Law.com International, Private Equity Rising Star, 2023.
- The Legal 500 UK, Projects, Energy & Natural Resources: Oil & Gas, 2017-2024, M&A Upper Mid-Market and Premium Deals, 2017-2021 and 2023-2024; Private Equity: Transactions, 2021-2023.
- Acritas, Acritas Star, 2019 and 2020.
- Euromoney, Institutional Investor PLC, IFLR1000: The Guide to the World’s Leading Financial Law Firms, M&A, United Kingdom, 2018-2020.
- M&A Advisor, European Emerging Leaders Award, 2015.
Insights and Achievements
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