Profile details
About Peter Clements
Peter is a partner in our London tax practice and acts for financial institutions, investment funds and corporate groups across a variety of business sectors.
Advising on a broad range of commercial transactions, Peter specialises in corporate tax and corporate tax planning, with a particular emphasis corporate restructurings, cross-border transactions (including equity and debt issuances and refinancings) and public and private M&A. He also advises on tax disputes and litigation.
In addition to his UK and European experience, Peter’s strong international practice includes a focus on investors in the Middle East and Asia. He is regularly ranked amongst MergerLinks' "Top Tax Lawyers in EMEA" by deal value.
Recent work
- Advising Croda International Plc on the restructuring and sale of its Performance Technologies and Industrial Chemicals businesses to Cargill Velocity Holdings Limited for an enterprise value of €915m.
- Advising ABB on the complex multi-jurisdictional carve out reorganisation of, and subsequent sale to Hitachi of an 80.1% interest in, its US$11bn power grids business.
- Advising Liberty Global, the international cable company, on its €19bn 50/50 Netherlands joint venture with Vodafone.
- Advising SSE plc on the proposed demerger of its UK domestic retail operations and subsequent combination with Npower.
- Advising Starbucks Corporation on the US$1.3bn buy-out of its East China joint venture.
- Advising Flutter, the FTSE 100 global sports betting, gaming and entertainment provider, on its additional listing on the New York Stock Exchange.
- Advising the shareholders and Neptune on the sale of the Neptune Energy group, and the inter-conditional sale of Neptune Energy’s Norway business, for an aggregate enterprise value of $4.9bn.
- Advising Softbank Group on its $24bn acquisition of ARM Holdings.
- Advising PT Sinar MasTunggal on the US$6.5bn merger of its listed Indonesian telecommunications business (Smartfren) with PT XL Axiata Tbk (XL), the third and fourth largest telecommunications operators in Indonesia.
- Advising Klarna on a multi-year agreement for a £900m replenishing commitment under which Elliot funds will purchase "buy now, pay later" loan receivables originated by Klarna in the UK.
Qualifications
Education
- Solicitor, England & Wales (2005)
- Oxford University, UK (BA Hons)