Global menu

Our global pages

Close

Engineering tailored solutions to help longstanding client navigate new seas

  • Global

    06-07-2018

    Eversheds Sutherland advises Rolls-Royce on sale of its commercial marine division

    Eversheds Sutherland has advised engineering giant Rolls-Royce, a longstanding client of the global legal practice, on the £500m (enterprise value) sale of its commercial marine division to Kongsberg Gruppen ASA.

    The move follows a strategic review of Commercial Marine operations announced by Rolls-Royce in January.

    The sale of the Nordic-based business, which has operations in over 30 countries and has one of the world’s most extensive maritime product and technology portfolios, involved a complex separation which is set to complete in 2019.

    Led by corporate Partner Nigel Cooke, the core Eversheds Sutherland team comprised: Partners Keri Rees (Co-Head of Global Company Commercial), Robin Johnson (corporate), Amanda Partland (corporate), Adrian Toutoungi (IP), Nick Stubbs (commercial), James Lindop (export control), Legal Director James Vernon (corporate), and Associate Jon Wharam (corporate), with support from Senior Legal Project Manager, Amanda Onions.

    The Rolls-Royce in-house legal team was led by Simon Major and Ceri Williams-Jones.

    Eversheds Sutherland deployed its bespoke, proprietary digital collaboration platform – DealMaster – an award-winning, innovative, service delivery product, developed by the team for the project management and seamless delivery of highly strategic and global M&A transactions.

    Nigel Cooke commented:

    “Delivering this deal in this timeframe was fundamental to our client’s strategic objectives. Drawing on the technical know-how and experience of our multi-jurisdictional team, we worked closely with Rolls-Royce, utilising an innovative joined-up approach to successfully deliver our client’s strategy. We’re delighted and look forward to supporting them in the future.”

    Corporate finance and strategic advice was provided by Lazard, while Slaughter and May advised on the antitrust aspects of the deal.

    For more information on Eversheds Sutherland, visit eversheds-sutherland.com

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF
    Register to receive regular updates via email.