Beth Troy

Beth serves as Co-Managing Partner of the Americas and Co-Head of U.S. M&A and Private Equity.

She is a trusted advisor to public companies, privately held businesses, private equity sponsors, and institutional investors on their most consequential domestic and cross-border transactions.
 
With more than two decades of experience, Beth leads complex mergers and acquisitions, leveraged buyouts, spin-offs, carve-outs, joint ventures, take-privates, minority and consortium investments, and related financings across a broad range of industries. She is particularly recognized for her work advising buyers and sellers on the strategic structuring of intricate carve-out transactions, where she guides clients through the distinctive legal, operational and commercial challenges that arise in both planning and execution. 
 
Clients turn to Beth for her ability to anticipate deal risk, engineer creative solutions, and translate complexity into clear, actionable strategy. Pragmatic, commercially minded, and relentlessly results-oriented, she consistently delivers sophisticated counsel and steady judgment that drive successful outcomes on the transactions that matter most to her clients.

Expertise

Industries

Experience

Representative matters

  • GSK plc on its USD2.2bn acquisition of Nasdaq-listed RAPT Therapeutics, a California-based clinical-stage biopharmaceutical company.
  • A healthcare information, services and technology company on its acquisition from Charles River Laboratories, Inc. of certain assets and entities related to its European Discovery Services business
  • A financial investor on its royalty backed note and equity financing of Lyric Capital’s USD1bn acquisition of the music portfolio of The Weekend
  • A financial investor on the purchase of certain senior secured notes issued by a joint venture owned by Apollo managed funds and Brookfield Asset Management to finance a portion of Brookfield’s acquisition of Air Lease Corporation
  • A financial investor on its strategic investment in Pike Corporation, a leading provider of grid infrastructure services in the United States, alongside leading global alternative asset manager TPG and certain rolling equityholders
  • A financial investor on its co-investment alongside Blackstone, GIC and CalSTRS and certain members of management in Citrin Cooperman
  • RHI Magnesita N.V., a global refractories manufacturer, on its strategic acquisition of Resco Products, Inc. from Balmoral Funds
  • Haleon on the sale of the ChapStick lip balm brand to Suave Brands
  • A global media conglomerate on the carve out and sale of its FindLaw business to Internet Brands
  • Comprehensive Logistics Co., Inc. on the sale of its logistics and transportation platform to DQS Solutions & Staffing
  • Element Materials Technology, a global portfolio company of Temasek and one of the world's leading global providers of testing, inspection, and certification services, on the carve out and sale of its life sciences testing services business to Eurofins
  • Element Materials Technology on the carve out and sale of certain parts of its auditing, inspection and certification business to Kiwa N.V.
  • Taiwan Semiconductor Manufacturing Co. Ltd. on its strategic acquisition of a 10% stake in Intel Corporation’s IMS Nanofabrication business
  • LeasePlan Corporation N.V., an international vehicle fleet leasing and servicing business, on the carve out and sale of its US business to a subsidiary of Athene Holding Ltd.
  • WillScot Mobile Mini Holdings Corp. on the carve out and sale of its Tank and Pump business segment to Kinderhook Industries LLC
  • TDR Capital LLC, Wincove Private Holdings and Sands Capital on a consortium investment in Globalization Partners
  • Stonepeak Infrastructure Partners on its acquisition, alongside Bellinger Asset Management, of an aircraft loan portfolio from National Australia Bank Ltd.
  • EG Group on its acquisition of the convenience store business unit from The Kroger Co.
  • EG Group on its acquisition of Cumberland Farms
  • WillScot Mobile Mini Holdings Corp., a Nasdaq listed company, on its stock-for-stock merger with portable storage solutions provider Mobile Mini, Inc. and related financing. The transaction was awarded “Deal of the Year in Energy and Industrials” by The Deal Awards 2021.
  • Ardian’s global buyout fund on its acquisition of a majority stake in Study Group, a leading provider of international education services, from Providence Equity Partners

Awards

  • Ranked in Legal 500 U.S. 2025
  • North America M&A Lawyer of the Year, IFRL Women in Business Law Awards 2025
  • Legal 500 USA 2025
  • Beth Troy is among the hardest working and most thoughtful attorneys I've come across, and her guidance on US M&A is incredibly strong.
  • Beth Troy has an incredible work ethic and an ability to navigate complex commercial issues. She is a rock star in the corporate legal field, and I would recommend her to anyone and everyone.

Qualifications

Admissions

Registered Foreign Lawyer, England and Wales, 2024

Admitted: Bar of the State of New York, 2000

Academic

J.D., Fordham University School of Law, 1999

B.A., College of the Holy Cross, 1996

 

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.