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Krishna Omkar has a wide multi-specialist practice acting for public and private companies in cross-border mergers & acquisitionsprivate equity, and capital markets transactions, as well as the corporate aspects of restructuring and insolvencyspecial situations, and private credit solutions. He counsels boards on corporate governance and riskshareholder activism and defenceboard evaluations, and ESG, and, as a Solicitor Advocate with Higher Rights of Audience in Civil Proceedings in the courts of England & Wales, collaborates across practices on high-stakes contentious and semi-contentious matters. A globally recognised thought-leader on DiversityEquity, and Inclusion, Krishna advises boards on corporate governance, policy, and risk issues related to DEI. Krishna's clients span a range of sectors, including financial services, infrastructure and energy, life sciences, sports and entertainment, and private wealth. 

Krishna is recommended for Upper Mid-Market and Premium / £500 million+ M&A in Legal 500 UK 2022, which notes his "emphasis on emerging markets, especially on mandates with a strong Indian aspect", and is also listed as a key lawyer in Legal 500 Asia Pacific 2020 and 2021. He has been named a Future Leader by the Financial Times in its Executive Diversity Report, named 2018 Role Model of the Year by Stonewall, received a 2019 Asian Achievers Award for Professional of the Year, and the inaugural Rising Star Award in the 2019 British Legal Awards. In 2021, he was named by Attitude as one of 101 Trailblazers Changing the World, named to The Guardian’s Pride Power List, and elected a Fellow of the Royal Society of Arts.

Notable matters include aacting for Western Union in its landmark investment in stc Pay, valuing stc Pay at US$1.3 billion and creating the first Unicorn in Saudi Arabia and the first Middle Eastern Fintech Unicorn; advising Olivier Creed on the sale of Creed, one of the world’s leading luxury perfume houses, to BlackRock LTPC, following seven generations of family ownership; acting for Global Switch in its €3 billion EMTN Programme on the ESG segment of Euronext Dublin; advising Eddie Stobart in its highly publicized rescue in 2019, without which the UK supply-chain would have collapsed in the lead-in to Christmas; representing Mark Newton-Jones in his reinstatement as CEO of Mothercare plc, an unprecedented step for a UK public company; acting for the leading directory of legal services, Chambers & Partnerson its sale to Inflexion; representing STAR TV in relation to the global audio-visual rights for International Cricket Council events, the biggest broadcast deal in the history of cricket; and acting for GlaxoSmithKline on its major three-part inter-conditional transaction with Novartis worth US$20 billion. He has also acted for some of the world's leading financial institutions in multi-jurisdictional investigations including in relation to sanctions and foreign exchange markets, and on multiple complex disputes between investors and sovereign states.

Krishna is recognised as a thought-leader on Diversity, Equity, and Inclusion. In 2020, Krishna convened a round table of CEOs at the World Economic Forum 2020 in Davos, to discuss inclusive capitalism, having spoken on a panel of CEOs and business leaders in 2019.  In 2019, Krishna was invited by the UN Assistant Secretary General to lead the 2019 UN consultation on LGBTQI+ rights, and also provided pro bono support in the successful September 2018 appeal to decriminalise same sex relations in India, collaborating with lead counsel on a brief that was relied on in the Supreme Court’s landmark judgment. 

Between 2010 and 2018, Krishna worked at the London office of Slaughter and May, during which time he was also seconded to Moody's Corporation. He is a trustee of the UK charity Paintings in Hospitals and the U.S. non-profits Athlete Ally, and Organization For Refuge, Asylum and Migration.

Krishna holds a B.A. from the University of Delhi, an M.Phil. from the University of Oxford, and spent time as visiting researcher at the Institut d'études politiques de Paris / Sciences Po.

Full Bio

Credentials

L.P.C., BPP Law School London

Visiting Researcher, Sciences Po Paris

G.D.L., BPP Law School London

M.Phil., Oxford University, UK

B.A., English, St Stephen’s College, University of Delhi, First Class Honours

England and Wales

Supreme Court of the United Kingdom

Higher Rights of Audience (Civil); Supreme Court of the United Kingdom

Law Society of England & Wales

English

Hindi

Legal 500


UK 2022

Legal 500


Asia-Pacific 2020 & 2021

Rising Star


British Legal Awards 2019

Professional of the Year


Asian Achievement Award, 2019

Pride Power List


The Guardian, 2018-2021

Role Model of the Year


Stonewall, 2018

Financial Times Future Leader


Financial Times, 2015-2018

Icon close

Close

Recognition

Legal 500


UK 2022

Legal 500


Asia-Pacific 2020 & 2021

Rising Star


British Legal Awards 2019

Professional of the Year


Asian Achievement Award, 2019

Pride Power List


The Guardian, 2018-2021

Role Model of the Year


Stonewall, 2018

Financial Times Future Leader


Financial Times, 2015-2018

Matters

CORPORATE / M&A / CAPITAL MARKETS

Acting for The Western Union Company in its investment in stc Pay, valuing stc Pay at USD 1.3 billion, thus creating the first Unicorn in Saudi Arabia, the third Unicorn in the Middle East, and the first Fintech Unicorn in the Middle East.

Acting for Global Switch, the leading highly-connected data centre provider in the top ten European and Asia-Pacific data centre markets, in relation to its €3 billion EMTN Programme and the issuance of a €700 million green bond, listed on the ESG Bonds segment of Euronext Dublin.

Acting for Olivier Creed in the sale of Creed Fragrances, one of the world’s leading luxury perfume houses, to BlackRock Long Term Private Capital, following seven generations of family ownership.

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Matters

CORPORATE / M&A / CAPITAL MARKETS

Acting for The Western Union Company in its investment in stc Pay, valuing stc Pay at USD 1.3 billion, thus creating the first Unicorn in Saudi Arabia, the third Unicorn in the Middle East, and the first Fintech Unicorn in the Middle East.

Acting for Global Switch, the leading highly-connected data centre provider in the top ten European and Asia-Pacific data centre markets, in relation to its €3 billion EMTN Programme and the issuance of a €700 million green bond, listed on the ESG Bonds segment of Euronext Dublin.

Acting for Olivier Creed in the sale of Creed Fragrances, one of the world’s leading luxury perfume houses, to BlackRock Long Term Private Capital, following seven generations of family ownership.

Representing Cerberus Frontier, an affiliate of Cerberus Capital Management L.P., on its first transaction in the Middle East, through a co-investment with Olive Rock Partners in United Eastern Medical Services, a healthcare group with operations in the United Arab Emirates and Saudi Arabia.

Acting for NYSE-listed Schweitzer-Mauduit International, Inc. on its USD 565 million recommended cash offer for Scapa Group plc, implemented by way of a scheme of arrangement.

Acting for Aldersgate Investments Limited, the investment vehicle of the Reuben Brothers, in its divestment of a stake in Global Switch in a transaction valued at £1.8 billion.

Acting for the Prudential Insurance Company of AmericaPrudential Legacy Insurance Company of New Jersey, and Prudential Retirement Insurance and Annuity Company in relation to their position as Senior Lenders for a package of financial and operational restructuring of the Pizza Hut UK Group.

Acting for Blackstone Credit in a series of private credit, preferred equity, and special situations transactions.

Acting for KKR Credit Advisers in relation to a variety of credit-oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equity funds focused on rescue financing.

Acting for the Board of Eddie Stobart, one of the UK’s leading logistics businesses, on its highly publicised rescue deal with DBAY Advisers, which included an innovative structure for an effective disposal of 51% of its trading entities, a payment-in-kind facility, and a renegotiation of existing financing with senior lenders.

Acting for Non-Standard Finance in arrangements relating to its £1.3 billion hostile takeover offer for Provident.

Advising Brookfield Infrastructure Group in relation to its acquisition from AT&T of 32 internet data centres in 12 countries on 5 continents in a deal worth US$1.1. billion.

Acting for LCCG / Utmost Group on the acquisition of The Equitable Life Assurance Society, which was founded in 1762, and is the world's oldest mutual insurer, with assets of over £6.3 billion.

Acting for LCCG / Utmost Group on a series of acquisitions, creating a group with over £30 billion AUM.

Acting for Mark Newton-Jones in relation to his position and reinstatement as CEO of Mothercare plc.

Acting for Veloce Esports in its fundraise under the Future Fund Programme of the UK Government / British Business Bank.

Acting for Orbach & Chambers Holdings Limited on the 2018 sale of Chambers & Partners, the pre-eminent guide to the global legal profession, to Inflexion.

Advising a major international company in relation to a possible takeover of a FTSE 100 company.

Advising a FTSE 100 listed company in relation to a possible takeover of a FTSE 250 company.

Advising a major international corporation on setting up a dual-listed structure.

Acting for a FTSE 250 company on its exit from a fintech start-up.

Acting for GlaxoSmithKline on its major three-part inter-conditional transaction with Novartis worth US$20 billion which completed on 2 March 2015.

Acting for PSPIB in relation to its acquisition (in a consortium with Brookfield Infrastructure Group, APG Asset Management N.V. and Arcus Infrastructure Partners) of TDF’s business in France, representing an enterprise value of $3.5 billion.

Advising NXP Semiconductors on the English law aspects of the US$2.75 billion sale of its Standard Products Business to a consortium of financial investors, consisting of Beijing Jianguang Asset Management Co., Ltd and Wise Road Capital LTD.

Advising Star India and Star Middle East in relation to the global audio-visual rights for International Cricket Council events from 2015 to 2023 (the biggest global broadcast deal in the history of cricket).

Advising Tottenham Hotspur Football Club in relation to the drafting and negotiation of a range of commercial contracts for a new stadium at White Hart Lane to be opened in 2018.

Acting for Seadrill Limited, one of the world’s largest offshore drilling contractors, on a US$1.6 billion restructuring plan to be implemented with prearranged chapter 11 cases, and the ring-fencing of its non-consolidated affiliates from its restructuring.

Acting for the Government of the Republic of Malawi (through its Public Private Commission) in connection with the development of PPP law and policy in Malawi, as part of a project involving the African Legal Support Facility.

Acting for the majority investor in a prominent company in East Africa in relation to various shareholder and corporate governance matters.

DISPUTES AND INVESTIGATIONS

Acting for JPMorgan Chase Bank N.A. in relation to multi-jurisdictional investigations by the DoJ, FCA, European Commission, and multiple other agencies into the alleged manipulation of global foreign exchange markets.

Acting for Standard Chartered in multi-jurisdictional investigations into Iran sanctions by UK and U.S. authorities, namely the FCA, the U.S. Department of Justice, the Manhattan District Attorney, the New York Department of Financial Services, the U.S. Federal Reserve and the U.S. Office of Foreign Assets Control.

Acting for British Airways in international civil proceedings following criminal and civil investigations by the Office of Fair Trading (OFT) into alleged cartel activity involving passenger fuel surcharges on long-haul flights, and related matters, including the OFT’s criminal proceedings against four present and former employees, and the impact of the high-profile collapse of the criminal trial.

Acting for Bupa and Nationwide, in a precedent-setting and successful Upper Tribunal appeal against HMRC in its refusal to allow claims to consortium relief. In a first, one of the Bupa appeals became the lead case, with seventeen cases stayed behind it, and proceeded to leap-frog to the Upper Tribunal.

Advising a major global corporation in relation to a dispute with a sovereign state, and a possible claim under a bilateral investment treaty.

Advising a major multinational corporation in relation to an expropriation claim against a sovereign state under a bilateral investment treaty.

Acting for a major chemical company in relation to a US$300 million dispute under an English law contract relating to delay, variation and defect claims and entitlement to liquidated damages arising from the construction of a process plant.

Advising a leading wealth manager in respect of its cross-border regulatory, contractual, tortious and fiduciary obligations following the mis-selling of unsuitable investments resulting in significant losses, and claims of claims of breach of trust and breach of fiduciary duty.

Matters

CORPORATE / M&A / CAPITAL MARKETS

Acting for The Western Union Company in its investment in stc Pay, valuing stc Pay at USD 1.3 billion, thus creating the first Unicorn in Saudi Arabia, the third Unicorn in the Middle East, and the first Fintech Unicorn in the Middle East.

Acting for Global Switch, the leading highly-connected data centre provider in the top ten European and Asia-Pacific data centre markets, in relation to its €3 billion EMTN Programme and the issuance of a €700 million green bond, listed on the ESG Bonds segment of Euronext Dublin.

Acting for Olivier Creed in the sale of Creed Fragrances, one of the world’s leading luxury perfume houses, to BlackRock Long Term Private Capital, following seven generations of family ownership.

See more
Icon close

Close

Matters

CORPORATE / M&A / CAPITAL MARKETS

Acting for The Western Union Company in its investment in stc Pay, valuing stc Pay at USD 1.3 billion, thus creating the first Unicorn in Saudi Arabia, the third Unicorn in the Middle East, and the first Fintech Unicorn in the Middle East.

Acting for Global Switch, the leading highly-connected data centre provider in the top ten European and Asia-Pacific data centre markets, in relation to its €3 billion EMTN Programme and the issuance of a €700 million green bond, listed on the ESG Bonds segment of Euronext Dublin.

Acting for Olivier Creed in the sale of Creed Fragrances, one of the world’s leading luxury perfume houses, to BlackRock Long Term Private Capital, following seven generations of family ownership.

Representing Cerberus Frontier, an affiliate of Cerberus Capital Management L.P., on its first transaction in the Middle East, through a co-investment with Olive Rock Partners in United Eastern Medical Services, a healthcare group with operations in the United Arab Emirates and Saudi Arabia.

Acting for NYSE-listed Schweitzer-Mauduit International, Inc. on its USD 565 million recommended cash offer for Scapa Group plc, implemented by way of a scheme of arrangement.

Acting for Aldersgate Investments Limited, the investment vehicle of the Reuben Brothers, in its divestment of a stake in Global Switch in a transaction valued at £1.8 billion.

Acting for the Prudential Insurance Company of AmericaPrudential Legacy Insurance Company of New Jersey, and Prudential Retirement Insurance and Annuity Company in relation to their position as Senior Lenders for a package of financial and operational restructuring of the Pizza Hut UK Group.

Acting for Blackstone Credit in a series of private credit, preferred equity, and special situations transactions.

Acting for KKR Credit Advisers in relation to a variety of credit-oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equity funds focused on rescue financing.

Acting for the Board of Eddie Stobart, one of the UK’s leading logistics businesses, on its highly publicised rescue deal with DBAY Advisers, which included an innovative structure for an effective disposal of 51% of its trading entities, a payment-in-kind facility, and a renegotiation of existing financing with senior lenders.

Acting for Non-Standard Finance in arrangements relating to its £1.3 billion hostile takeover offer for Provident.

Advising Brookfield Infrastructure Group in relation to its acquisition from AT&T of 32 internet data centres in 12 countries on 5 continents in a deal worth US$1.1. billion.

Acting for LCCG / Utmost Group on the acquisition of The Equitable Life Assurance Society, which was founded in 1762, and is the world's oldest mutual insurer, with assets of over £6.3 billion.

Acting for LCCG / Utmost Group on a series of acquisitions, creating a group with over £30 billion AUM.

Acting for Mark Newton-Jones in relation to his position and reinstatement as CEO of Mothercare plc.

Acting for Veloce Esports in its fundraise under the Future Fund Programme of the UK Government / British Business Bank.

Acting for Orbach & Chambers Holdings Limited on the 2018 sale of Chambers & Partners, the pre-eminent guide to the global legal profession, to Inflexion.

Advising a major international company in relation to a possible takeover of a FTSE 100 company.

Advising a FTSE 100 listed company in relation to a possible takeover of a FTSE 250 company.

Advising a major international corporation on setting up a dual-listed structure.

Acting for a FTSE 250 company on its exit from a fintech start-up.

Acting for GlaxoSmithKline on its major three-part inter-conditional transaction with Novartis worth US$20 billion which completed on 2 March 2015.

Acting for PSPIB in relation to its acquisition (in a consortium with Brookfield Infrastructure Group, APG Asset Management N.V. and Arcus Infrastructure Partners) of TDF’s business in France, representing an enterprise value of $3.5 billion.

Advising NXP Semiconductors on the English law aspects of the US$2.75 billion sale of its Standard Products Business to a consortium of financial investors, consisting of Beijing Jianguang Asset Management Co., Ltd and Wise Road Capital LTD.

Advising Star India and Star Middle East in relation to the global audio-visual rights for International Cricket Council events from 2015 to 2023 (the biggest global broadcast deal in the history of cricket).

Advising Tottenham Hotspur Football Club in relation to the drafting and negotiation of a range of commercial contracts for a new stadium at White Hart Lane to be opened in 2018.

Acting for Seadrill Limited, one of the world’s largest offshore drilling contractors, on a US$1.6 billion restructuring plan to be implemented with prearranged chapter 11 cases, and the ring-fencing of its non-consolidated affiliates from its restructuring.

Acting for the Government of the Republic of Malawi (through its Public Private Commission) in connection with the development of PPP law and policy in Malawi, as part of a project involving the African Legal Support Facility.

Acting for the majority investor in a prominent company in East Africa in relation to various shareholder and corporate governance matters.

DISPUTES AND INVESTIGATIONS

Acting for JPMorgan Chase Bank N.A. in relation to multi-jurisdictional investigations by the DoJ, FCA, European Commission, and multiple other agencies into the alleged manipulation of global foreign exchange markets.

Acting for Standard Chartered in multi-jurisdictional investigations into Iran sanctions by UK and U.S. authorities, namely the FCA, the U.S. Department of Justice, the Manhattan District Attorney, the New York Department of Financial Services, the U.S. Federal Reserve and the U.S. Office of Foreign Assets Control.

Acting for British Airways in international civil proceedings following criminal and civil investigations by the Office of Fair Trading (OFT) into alleged cartel activity involving passenger fuel surcharges on long-haul flights, and related matters, including the OFT’s criminal proceedings against four present and former employees, and the impact of the high-profile collapse of the criminal trial.

Acting for Bupa and Nationwide, in a precedent-setting and successful Upper Tribunal appeal against HMRC in its refusal to allow claims to consortium relief. In a first, one of the Bupa appeals became the lead case, with seventeen cases stayed behind it, and proceeded to leap-frog to the Upper Tribunal.

Advising a major global corporation in relation to a dispute with a sovereign state, and a possible claim under a bilateral investment treaty.

Advising a major multinational corporation in relation to an expropriation claim against a sovereign state under a bilateral investment treaty.

Acting for a major chemical company in relation to a US$300 million dispute under an English law contract relating to delay, variation and defect claims and entitlement to liquidated damages arising from the construction of a process plant.

Advising a leading wealth manager in respect of its cross-border regulatory, contractual, tortious and fiduciary obligations following the mis-selling of unsuitable investments resulting in significant losses, and claims of claims of breach of trust and breach of fiduciary duty.

Credentials

L.P.C., BPP Law School London

Visiting Researcher, Sciences Po Paris

G.D.L., BPP Law School London

M.Phil., Oxford University, UK

B.A., English, St Stephen’s College, University of Delhi, First Class Honours

England and Wales

Supreme Court of the United Kingdom

Higher Rights of Audience (Civil); Supreme Court of the United Kingdom

Law Society of England & Wales

English

Hindi

Legal 500


UK 2022

Legal 500


Asia-Pacific 2020 & 2021

Rising Star


British Legal Awards 2019

Professional of the Year


Asian Achievement Award, 2019

Pride Power List


The Guardian, 2018-2021

Role Model of the Year


Stonewall, 2018

Financial Times Future Leader


Financial Times, 2015-2018

Icon close

Close

Recognition

Legal 500


UK 2022

Legal 500


Asia-Pacific 2020 & 2021

Rising Star


British Legal Awards 2019

Professional of the Year


Asian Achievement Award, 2019

Pride Power List


The Guardian, 2018-2021

Role Model of the Year


Stonewall, 2018

Financial Times Future Leader


Financial Times, 2015-2018