Akshay Naran
Image of Akshay Naran

Akshay Naran

Senior Associate

Akshay advises on a wide range of complex and cross-border private M&A, public company takeovers and schemes, joint ventures, carve-outs and reorganisations.
He also provides corporate advisory, governance and general UK listed company advice. Akshay's varied experience is across a number of sectors, including in particular the financial services and infrastructure sectors.

Expertise

Industries

Experience

Representative matters

Recent private M&A and JV experience:
  • Piraeus Bank S.A. on its acquisition of a 90.01% stake in the parent company of Ethniki Insurance from CVC  Capital Partners Fund VII
  • HSBC on its c.€1.6 billion disposal of its French retail banking business to CCF, a subsidiary of My Money Group (which is under the control of funds advised by Cerberus Capital Management)*
  • Compass Group on its acquisition of CH&CO from Equistone Partners Europe, management and other shareholders for an initial enterprise value of £475m, with an additional earn out over two years following closing*
  • Apple on its acquisition of photo editing company Pixelmator*
  • APG and Global Infrastructure Partners on the consortium arrangements of its acquisition of a stake in Peel Ports Group from DWS Infrastructure*
  • DAZN Group and Access Industries on the carve out and sale of a majority stake in its digital football-focused platforms business to Integrated Media Company, a TPG Capital portfolio company*
  • Ontario Teachers' Pension Plan Board on its sale of indirect minority interests in Brussels Airport to New South Wales Treasury Corporation and the Government Pension Investment Fund of Japan (through a StepStone managed vehicle)*
  • Smiths Group plc on its £2.35 billion Class1 Disposal of its Smiths Medical division to Nasdaq listed, ICU Medical, Inc and its related share buyback programme*
  • Fuller, Smith & Turner on its £250m Class1 Disposal of its beer business to Asahi*
  • Mercuria Energy, a global commodities trading house, on its buyback of ChemChina's (China's largest chemical group) minority stake in Mercuria and related joint venture arrangements*
  • TCV as lead investor of Alllca Bank's £100 million Series C Investment Round*
  • Ontario Teachers' Pension Plan Board in relation to its portfolio activities relating to Birmingham and Bristol Airport*
  • Octopus Energy Group on its strategic partnership with Canada Pension Plan Investment Board*
  • Flutter Entertainment plc on its acquisition of a controlling stake in Adjarabet, an online betting and gaming company in Georgia*
Recent public M&A experience:
  • DWS Infrastructure on its £595m cash acquisition of Stagecoach Group plc, following a competitive public to private process*
  • GXO Logistics, Inc. on its £965m cash and shares acquisition of Clipper Logistics pie* 
  • Barrick Gold Corporation on its $18bn all share acquisition of Randgold Resources Limited*
  • DP World PLC (formerly listed in Dubai) in relation to its $13.9 billion takeover by Port & Free Zone World FZE (a wholly owned subsidiary of Dubai World)*
Recent IPO and capital raising experience:
  • Deliveroo PLC on its £1.5 billion IPO and listing on the London Stock Exchange with a US-tech-style dual-class share structure*
  • Trainline PLC on its £1.68 billion IPO and premium listing on the London Stock Exchange*
  • Cosan S.A. in respect of its c.$1.15 billion IPO of Raizen S.A., its renewable energy joint venture with Royal-DutchShell on the B3 S.A. Brasil, Balsa, Balcao*
  • DAZN Group on a number of equity investment matters*

* Denotes prior firm experience

 

Qualifications

Admissions

Queensland Law Society (Australia), October 2014

Academic

Bachelor of Commerce & Law (1st Class Honours and an Accounting Major), University of Queensland Diploma of Legal Practice, London College of Law
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.