Herbies, Norton Rose and Slaughters lead on G4S’s £5.2bn ISS acquisition

Herbert Smith, Norton Rose, Slaughter & May and Danish firm Bruun & Hjejle have won roles advising on G4S’ £5.2bn acquisition of cleaning and security group ISS from private equity houses EQT and GS Capital Partners.

Robert Byk
Robert Byk

Slaughters advised ISS on the deal, fielding a team led by corporate partner Jeff Twentyman. Slaughters banking partners Robert Byk and Matthew Tobin also advised the Danish company on financing aspects.

The teams were assisted by corporate associates Susannah Macknay and Sophie Gardiner, banking associates Edward Fife and senior partner Chris Saul, a corporate lawyer.

Herbert Smith was the lead adviser to UK security company G4S. The City firm’s team was led by by global M&A co-head Stephen Wilkinson, with ECM partners Chris Haynes, US securities partner Steve Thierbachand corporate associate Caroline Rae advising on the £2bn rights issue used to fund the deal.

Corporate senior associate Robert Moore, US securities associate Jessica He and corporate associates Sarah Galbraith and Richard Hollis were also in the Herbert Smith team. Debt capital markets partner Andrew Roberts also advised on the deal.

Recent recruit Will Nevin, who joined from Linklaters in the summer, was advised on the acquisition finance side with assistance from banking senior associate Davendip Virk.

Danish outfit Bruun & Hjejle acted for G4S out of Copenhagen, fielding corporate partner Henning Aasmul-Olsen.

Brussels partner Mark Tricker led the Norton Rose team advising G4S on competition aspects together with London partner Martin Coleman, who heads the global antitrust, competition and regulatory team.