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Mark Bardell

Partner

Mark is a corporate partner with particular expertise in public takeovers and cross-border M&A.

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Experience

Mark has helped clients to close more than US$125 billion worth of transactions across UK, Europe, CIS, Middle East, Africa, India, Asia, Australia and the US. 

He focuses on advising corporate clients and works with boards on both transactional and advisory work. He is frequently involved in advising on significant challenges that face boards whether on transactions, governance issues, shareholder activism or regulatory investigations. In addition, he regularly works with investment banks and corporate finance advisers in connection with their roles on major cross-border transactions.

Mark is recommended in Legal 500 for M&A premium deals and noted for his public takeover expertise. In 2014 Mark was named in Financial News "Top 40 under 40" list of rising stars in European legal services.  He is a General Editor of Butterworths Takeovers Law and Practice (second edition 2015) and a contributor to other leading practitioner's texts on topics including shareholder activism, market abuse, schemes of arrangement and takeovers. He regularly lectures at Cambridge University to postgraduate MCL students as part of the Deals Course.

In September 2011, he completed a two-year secondment as Secretary to the UK’s Takeover Panel. During that time he was closely involved in the day-to-day regulation of UK public takeovers and also in revising the UK's Takeover Code, in particular the significant changes to the UK’s Takeover Code, which came into effect in September 2011. He continues to be actively involved in consultations regarding amendments to the UK's Takeover Code and is an active member of the City of London Law Society.  In 2016 and 2017 he acted as Secretary to the Takeover Appeals Board in relation to various appeals.

Mark's experience includes advising:

  • Sky on a variety of matters including the recommended takeover offer from 21st Century Fox, valuing Sky at £11.7 billion, announced on 15 December 2016, the £800 million sale of its controlling stake in its betting and gaming business, Sky Bet, to funds advised by CVC Capital Partners and ongoing joint venture and other commercial arrangements
  • Virgin Group on its announced disposal of a 31% stake in Virgin Atlantic to Air France-KLM for £220 million and the resulting three-party joint venture between them and Delta Air Lines
  • Wesfarmers on the acquisition of Homebase from UK-listed Home Retail Group for £340 million and establishing Bunnings in the UK
  • Shaanxi Ligeance Mineral Resources Co., Ltd on its £326 million acquisition of Gardner Aerospace from funds managed by Better Capital
  • Atlassian on a variety of matters including its re-domiciliation to the UK, IPO in the US, and various advisory matters
  • leading investment banks including Lazard, Morgan Stanley and Credit Suisse
  • on a large number of public takeovers including EdF on its £12.5 billion takeover of British Energy Group including the issue of the innovative CVRs, the Nuclear Power Notes, as consideration; Tata Steel on its successful £6.2 billion acquisition of Corus, following the competitive auction with CSN; Resolution throughout the competing bids from Friends Provident, Standard Life / Swiss Re and the ultimately successful £5.0 billion bid from Pearl / Royal London; Cable & Wireless Worldwide in response to unsolicited approaches from Vodafone and Tata Communications leading to Vodafone's £1.0 billion recommended bid; Arris Group on its US$2 billion takeover of Pace
  • The Prospect Japan Fund on the US$147 million recommended takeover by Prospect Co. listed on the Tokyo Stock Exchange believed to be the first all share offer of Japanese listed shares into the UK.

Background

Mark holds an MA Cantab (Hons) Law from Fitzwilliam College Cambridge. Qualified as a barrister. Called to the Bar 1998.