Walkers' Jersey Banking & Finance team have advised a
consortium of lenders on the financing of Brookfield
Infrastructure's £4 billion take private acquisition of
Homeserve plc, a British multinational home emergency repairs and
improvements business. The acquisition was one of the largest
offers for a London-listed group of the year.
Founded in 1993, HomeServe plc provides repair, maintenance and
installation services for plumbing, heating and electrical systems
to households across the UK, as well as the US and parts of Europe.
It also offers a range of insurance products to homeowners.
The Walkers team, working with lead counsel Milbank LLP, was led by
Group Partner Julia Keppe, and included Senior Counsel Louise
Hamilton, Senior Associate Melissa Hellio and Associate Maria
Carolan, who advised on the Jersey law elements of the financing of
the deal.
Julia said: "We were delighted to work with Milbank on this
major transaction, which is a great example of the use of a Jersey
structure in a global business with operations across two
continents."
PRESS RELEASE
28 February 2023
Walkers advises on financing of Brookfield Infrastructure's £4 Billion Take Private Acquisition of Homeserve Plc
Walkers
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Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
The acquisition was one of the largest offers for a London-listed group of the year.