Timothy Lowe

Timothy’s experience includes advising on the tax aspects of the following matters:

• Asda Group on the acquisition of EG Group’s UK and Ireland operations for an enterprise value of c. £2.27 billion
• The Lycra Company on the completion of a comprehensive debt refinancing
• Travelodge on its high-yield refinancing and shareholder distribution
• Noble Corporation in its $1.15 billion refinancing of existing credit facilities
• Noble in its $600 million offering of senior notes
• Cinven Capital Management-backed ETC Group on the financing to support the acquisitions of Amadys and BTV Multimedia
• STADA Arzneimittel AG, a portfolio company of Bain Capital and Cinven, in its successful offer to exchange €1.4 billion in aggregate principal amount of its outstanding 3.5% Senior Secured Notes
• Francisco Partners in its acquisition of Kobalt
• Sani/Ikos Group in its recapitalization and strategic partnership agreement with GIC
• Preservation Capital on the acquisition of Saltus Partners, a UK wealth management business
• Triton Partners on the sale of Ewellix
• EQT Private Equity on the £650 million acquisition of SPT Labtech 
• The Access Group on Europe’s largest ever unitranche financing on record 
• Cinven on the financing for the acquisition of ETC Group 
• GIC on the £694 million acquisition of a 75% stake in the majority of Paddington Central assets from British Land 
• HPS Investment Partners on the financing for the proposed majority investment in Nucleus 
• EQT on the €6.8 billion acquisition of Baring Private Equity Asia, a leading private markets investment firm 
• Warburg Pincus on the acquisition of Minesoft, a global patent solutions provider 
• GIC in its $525 million joint venture with Equinix to develop and operate two xScale™ data centres in South Korea 
• A sovereign wealth fund on the acquisition of a pan-European logistics portfolio for over €3 billion from EQT Exeter
• 3G Capital on the financing for its $7.1 billion acquisition of a controlling interest in Hunter Douglas
• Envista in its acquisition of Carestream Dental’s intraoral scanners business 
• EW Healthcare Partners and other shareholders on the €750 million sale of EUSA Pharma to Recordati
• Iliad Holding S.A.S. in connection with the debt financing of the public tender offer for Iliad Group and €3.7 billion bond offering
• Blackstone in its $1 billion partnership with Hipgnosis Song Management
• Polestar Performance AB in its $20 billion combination with Gores Guggenheim Inc.
• EQT and its portfolio company IVC Evidensia on the acquisition of VetStrategy, a leading Canadian veterinary care provider
• Bain Capital on the c. €1.7 billion acquisition of ITP Aero, an aero engine and gas turbine manufacturer, from Rolls-Royce 
• Apex on the c. £1.51 billion recommended all cash acquisition of Sanne Group plc
• Cushman & Wakefield on the launch of an underwritten public offering of 12,500,000 ordinary shares 
• Pamplona Capital Management on the acquisition of Pelsis, a global manufacturer and distributor of pest control products
• Thoma Bravo on the strategic investment in Condeco, a global leader in workspace scheduling technology
• Ares on the £400 million preferred equity investment in McLaren Group 
• Blackstone and the consortium consisting of Scape Living and iQSA on the £969 million recommended cash offer for GCP Student Living plc 
• Genstar Capital and its portfolio company 2020 Technologies on the agreement to merge 2020 with Compusoft, creating a leading provider of space planning solutions
• GIC in its $3.9 billion additional joint ventures with Equinix to expand the xScale™ data centre programme
• SK Capital on the formation of a consortium with Heubach Group and the subsequent acquisition of Clariant's Pigments business
• Oakley Capital in its investment in ICP Education, a leading independent group of UK nurseries
• Sun European Partners on the sale of Dreams, a leading specialty bed retailer in the UK, to Tempur Sealy International
• E2Open on the $1.7 billion acquisition of BluJay Solutions, a leading international cloud-based, logistics execution platform 
• Hg on an innovative £455 million NAV financing of the portfolio of Hg Saturn, a 2018-vintage fund with £1.5 billion in commitments
• Ares Management Corporation on the closing of its fifth European direct lending fund, Ares Capital Europe V, with a final fund size of €11 billion 
• Warburg Pincus on the agreement with Macquarie Capital Principal Finance to jointly acquire a majority stake in Premier Technical Services Group 
• EW Healthcare Partners on the acquisition of a majority stake in Laboratoires Majorelle 
• Thomas H. Lee Partners and AutoStore on the $2.8 billion sale of a 40% stake of AutoStore to SoftBank  
• TDR Capital on the acquisition of BPP, a global leader in professional and vocational education
• TA Associates and the consortium vehicle on the $2 billion acquisition of Unit4, a global leader in enterprise cloud software
• HGGC on the sale of a majority stake in Davies, a leading specialist professional services and technology business serving the global insurance market 
• Preservation Capital on the £100 million acquisition of Parmenion Capital, a provider of investment services and technology solutions for financial advice firms
• L Catterton in its agreement to acquire a majority stake in BIRKENSTOCK Group
• HPS Investment Partners in its investment into the UK wealth management division of Canaccord Genuity Group Inc.
• Peak Rock Capital in its acquisition of AMB S.p.A, a leading manufacturer of films for the food and food packaging industry 
• Bain Capital Private Equity and Cinven on the CHF 4.2 billion definitive agreement to acquire Lonza Specialty Ingredients
• Blackstone and Brown Bidco Limited on the $4.73 billion recommended take private of Signature Aviation, the world’s largest fixed base operation network for business & general aviation travellers 
• Flexpoint Ford LLC in its recommended cash acquisition of AFH Financial Group Plc, a financial planning-led wealth management firm 
• Pamplona Capital Management on the acquisition of Signature Foods, a chilled food company, from IK Investment Partners
• GIC in its joint venture with Kennedy Wilson to acquire and manage urban logistics properties in the UK, Ireland and Spain, targeting total assets of $1 billion
• Francisco Partners on the financing aspects of its $1.45 billion acquisition of CDK Global’s international business
• AXA Investment Managers - Real Assets on the acquisition of the Kadans Science Partner platform
• GIC in its joint venture with Melcombe Partners to acquire and develop urban logistics properties in Europe 
• Apex Fund Management, a Genstar portfolio company, in its acquisition of the FundRock Group 
• HG on the £425 million financing of Hg Genesis 8 portfolio
• CPP Investments and its consortium partners on the acquisition of Galileo Global Education, a post-secondary education group
• Blackstone on the £4.66 billion acquisition of iQ Student Accommodation
• GIC on the €950 million buyout acquisition of a pan-European logistics platform from Apollo
• Blackstone on the recommended £4.77 billion cash offer for Merlin Entertainments, a global leader in location-based, family entertainment
• An EQT-led consortium on the CHF 10.2 billion exclusive negotiations to acquire Nestlé Skin Health, a leading global skincare company
• A consortium consisting of Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan on the $3.4 billion take private of Inmarsat, a British satellite communications group
• Global Logistics Properties (GLP) in its acquisition of European logistics business IDI Gazeley from Brookfield Asset Management for approximately US$2.8 billion. Gazeley is one of the leading owners and operators of logistics facilities in Europe with a portfolio of over 3 million sq metres in the UK, Germany, France and the Netherlands
• Goldman Sachs, Park Square and NGA Human Resources on the sale of NGA’s UK mid-market and small and medium business divisions
• Lone Star on the tax aspects of its acquisition of the Xella Group, a German-based market leader in building solutions, from PAI Partners and funds managed by Goldman Sachs’ investment arm
• Brait, the South African listed private equity group:
  • on the acquisition of New Look from Apax and Permira in a deal valuing the business at £1.9bn; and
  • on the acquisition of an 80% stake in Virgin Active from CVC and Virgin.
• TDR Capital:
  • alongside Sun Capital and their portfolio company Keepmoat Limited on the sale of Keepmoat’s regeneration arm to energy and services provider ENGIE for £330 million;
  • on the acquisition of Euro Garages;
  • on the acquisition by its portfolio company, Stonegate Pub Company, of public houses from Bramwell and TCG;
  • on the acquisition of Delek Europe BV;
  • on the acquisition of IMO Carwash;
  • on the acquisition of David Lloyd; and
  • on the disposal of a stake in the Lowell Group to Teachers Private Capital
• Cerberus:
  • on the acquisition of a £13 billion loan portfolio from UKAR; and
  • on the acquisition of Capital Homes Limited
• Arcapita on the disposal of PointPark Properties to TPG and Ivanhoe Cambridge
• Standard Chartered Private Equity in its acquisition of a 25.8% stake in Zambia's Copperbelt Energy Corporation Plc

Timothy has also advised on capital markets transactions, restructurings, refinancings and fund structurings for a number of private equity sponsors, including Charterhouse Capital, HG Capital, Oaktree Capital Management, Marathon Asset Management and Sun Capital.

Linklaters, London

• Partner, 2013–2016

• Associate, 2004–2013

• Trainee Solicitor, 2002–2004