White & Case Advised BasePoint Capital on Acquisition of International Personal Finance
White & Case Advised BasePoint Capital on Acquisition of International Personal Finance
Global law firm White & Case LLP has advised BasePoint Capital on its approximately £543 million recommended cash acquisition of International Personal Finance plc (IPF), a leading provider of consumer credit products in international markets.
The transaction was announced pursuant to Rule 2.7 of the UK Takeover Code and will be implemented by way of a court-sanctioned scheme of arrangement. Completion of the acquisition remains subject to customary shareholder and regulatory approvals.
"This transaction represents a significant public M&A acquisition in the financial services sector, involving complex structuring, financing and regulatory considerations across multiple jurisdictions," said White & Case partner Philip Broke, who co-led the Firm's deal team. Partner Sonica Tolani, who also co-led the team said "Advised BasePoint Capital on this landmark transaction builds on our strong track record advising clients on high-profile UK public takeovers and financial services related M&A."
The White & Case team in London which advised on the transaction was co-led by Philip Broke (Partner) and Sonica Tolani (Partner) and included Caoimhin Eastwood (Associate) and Ciara Lamph (Associate). The team was also supported by colleagues across the Firm's Financial Services Regulatory, Antitrust, Foreign Direct Investment, Incentives and Finance practices.
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