Mavnick Nerwal
Partner
Tax
Kirkland & Ellis International LLP
Overview
Mavnick Nerwal is very smart, technically outstanding and has a very broad experience across many investment asset classes. He is outstanding.” - Chambers UK, 2024
Mavnick is a corporate tax partner in the London office. He focuses on advising public and private M&A transactions, reorganisations and reconstructions and corporate finance. Mav has a particular focus on both UK and international private equity and credit tax structuring.
Experience
Representative Matters
Representative matters including some prior to joining Kirkland & Ellis include advising:
- Brookfield and Altera Infrastructure on the sale of Altera Shuttle Tankers to the Angelicoussis Group
- GIC on the acquisition of an additional stake in Belron
- Clayton, Dubilier & Rice, on its acquisition of a 50% controlling stake in Opella from Sanofi, for an enterprise value of €16 billion
- Strategic Value Partners on the cash offer for Nordic Paper
- Ares-backed Automated Industrial Robotics in its acquisition of Sewtec Automation, an industrial automation company, from Endless
- TPG on the acquisition of Aareon for €3.9 billion
- J.M. Huber Corporation on the sale of CP Kelco to Tate & Lyle
- Advent on the sale of V.Group to a consortium led by STAR Capital
- TDR Capital on the acquisition of a majority stake in Asda
- Cushman & Wakefield on an underwritten secondary offering of ordinary shares
- EP Group on its possible offer for International Distribution Services
- Global Technical Realty on the acquisition financing of a London data center at more than £1 billion
- An ad hoc committee of creditors, including Strategic Value Partners, Cross Ocean and Deutsche Bank, on the successful $2.2 billion restructuring of the Intu SGS Group
- Ardagh on $1.1 billion unrestricted subsidiary financing
- Blackstone on the acquisition of Winthrop Technologies
- Galderma Group AG on the structuring and implementation of its IPO on the SIX Swiss Exchange
- Funds managed by AGG Capital Management on the acquisition of a majority stake in AFE
- Carlyle on the sale of Jagex to CVC and Haveli Investments
- Food delivery brands group on its approximately €500 million restructuring
- Morrisons and its shareholder Clayton, Dubilier & Rice on entering into an agreement to sell petrol forecourts to MFG and take a minority stake
- Apax Partners LLP on the unitranche financing for the acquisition of WGSN Limited from Ascential plc.
- Brookfield on the recapitalization of Schoeller Allibert
- Trive Capital Partners on the recommended cash offer for Ten Entertainment Group
- Digital 9 Infrastructure on the sale of Verne Global
- Permira on establishing a co-invest vehicle with Blackstone to support the acquisition of Adevinta
- Brookfield on a series of real estate financings for its Befimmo (Belgium) and Hibernia (Irish) office portfolios, raising approximately €2 billion
- Centerbridge Partners on the sale of its majority interests in APCOA
- Venator to emerge from Chapter 11 restructuring
- BC Partners on the sale of IMA Group to BDT & MSD Partners
- Gen II Fund Services on the acquisition of Crestbridge
- SourceCode and Cerberus on its agreement to acquire Boston Limited
- Norwegian Cruise Line on multiple liability management and liquidity transactions
- Parthenon Capital on the strategic investment in Titan Wealth Holdings
- The Ad Hoc Committee of first lien noteholders in respect of the successful recapitalisation of the Matalan Group
- Sandbrook Capital on $500 million partnership with PSP Investments to Fund Havfram
- Technicolor on the spinoff and listing of its creative visual arts services division
- CPP Investments on the acquisition of a stake in Universal Investment
- Altera Infrastructure L.P. in pre-arranged Chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas
- Antin Infrastructure Partners on the acquisition of Wildstone
- Power Factors on the acquisition of Inaccess
- Brookfield on the sale of Student Roost to a joint venture formed between GIC and Greystar
- I Squared Capital:
- on the successful final closing of ISQ Global Infrastructure Fund III with total capital commitments of $15 billion
- and TDR Capital on the £2.322 billion recommended cash acquisition of Aggreko, a world-leading provider of mobile modular power, temperature control and energy services
- on the acquisition of TIP Trailer Services
- on the acquisition of French home care business Domidep
- Partners Group on the acquisition of Forterro, a leading pan-European software services provider
- Brookfield on the all-cash voluntary public takeover offer for Befimmo SA, a real estate investor focused on office buildings and co-working spaces in Brussels and Luxembourg
- CPP Investments and Motive Partners on the $1.4 billion investment in FNZ, a global wealth management platform
- Vitruvian Partners on the acquisition of a majority interest in the Fotona Group, a leading medical laser focused EBD company
- Hg and Vista Equity Partners on the sale of Allocate, a leading workforce and people management software-as-a-service provider, to RLDatix
- TDR Capital on the c. £563 million recommended offer for Arrow Global Group plc
- Leif Höegh & Co. Ltd. and funds managed by Morgan Stanley Infrastructure Partners through a 50/50 joint venture vehicle to acquire the shares in Höegh LNG Holdings Ltd
- Inflexion on its re-investment in the British Engineering Services Group, a specialist in engineering testing, inspection and consultancy services
- Allied Universal on the financing for a recommended £3.8 billion cash offer for G4S
- Vitruvian Partners on its sale of Unifaun, a cloud delivery orchestration platform serving the European logistics ecosystem, to Marlin Equity Partners
- A consortium comprising TDR Capital, Goldman Sachs, PGGM, ATP, GIC and ADIA on the €3.7 billion acquisition of LeasePlan from Volkswagen and Fleet Investments
- TDR Capital on numerous matters including its acquisitions of EFR, Hurtigruten, IMO Group, David Lloyd Leisure, the Lowell Group and Stonegate; its investment into Euro Garages, valuing the business at £1.3 billion; and its disposals of the Lowell Group and VPS Europe
- Brait on the £1.9 billion acquisition of New Look
- The Carlyle Group on its minority investment in CEPSA valuing the business at $12 billion
- BC Partners and Pollen Street Capital on the £868m public takeover of Shawbrook Bank
- BC Partners on their acquisition of VetPartners
- Jacobs Holding on the acquisition of Cognita from Bregal Investments and KKR
- Hg Saturn and the consortium on the £1.3 billion buyout of IRIS Software Group
- Hg on its strategic investment in the Access Group, valuing the group at an enterprise value of approximately £1 billion
- CDPQ on its $400 million investment in Hyperion Insurance Group
- Cerberus:
- on the £4 billion TPMF 2019-Granite4 UK RMBS
- on the acquisition financings for GE Money Bank in France
- on its acquisition of the £13 billion UK residential mortgage loan and consumer credit book of Northern Rock, the largest financial asset sale by a European government
- Davidson Kempner on the first non-bank NPL securitisation in Portugal
- Centerbridge in connection with its acquisition and financing of a portfolio of approximately £540 million UK credit card accounts and receivables from Bank of Ireland (UK) Plc
- IFM Investors:
- on the disposal of its 40% stake in 50 Hertz Transmission, the German electricity transmission business
- on its acquisition of a strategic stake in Manchester Airport Group (MAG) and the subsequent successful bid by MAG for London Stansted Airport
- AIMCo on its acquisition of a majority stake in Eolia Renovables, a Spanish renewable energy company, from Oaktree Capital
- OTPP on its acquisition of the Memora funeral business
- Allianz, AIMCo, Hastings Funds Management and EdF Invest on their successful consortium bid for Porterbrook Trains, a UK rolling stock leasing company
Prior Experience
Linklaters LLP, 2011–2019
Weil Gotshall & Manges, 2009–2011
More
Recognition
Chambers UK (2024): Recognised for London: Tax
The Legal 500 UK (2024): Listed as a Leading Lawyer for Corporate Tax
Credentials
Admissions & Qualifications
- 2008, Admitted to practice as a Solicitor of England & Wales
News &
Insights
Kirkland's Leading Role in McDermott's Restructuring Recognized as the American Bankruptcy Institute's International Matter of the Year