Paul Dunbar
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Paul Dunbar

Partner

Paul is Global Co-Head of Capital Solutions and a senior member of the global private equity team.

He advises private capital clients on capital solutions and private equity transactions, including corporate acquisitions, preferred/hybrid instruments, asset-backed portfolio acquisitions and investment platforms.

Paul works with clients investing in a broad range of sectors, including financial assets and loan portfolios, financial services, sports, healthcare, infrastructure, real assets, manufacturing and industrials.

Paul is recognised by Legal 500 UK for Private Equity.

Expertise

Industries

Experience

Representative matters

  • Funds managed by affiliates of a global alternative investment management firm in respect of multiple transactions including the following:

-on the EUR 300 million financing to KME S.E., a subsidiary of KME Group S.p.A., through a combination of term loan, preferred equity and warrants, to support the buyback of Cunova GmbH from Paragon;

-the acquisition of a majority stake in Atletico de Madrid;

-the acquisition by Miller Homes of St Modwen Homes;

-the acquisition of Evri, one of the UK’s largest parcel delivery companies, from Advent International (previous firm experience);

-on the acquisition of Miller Homes, one of the UK’s leading homebuilders from Bridgepoint (previous firm experience);

-on the acquisition of the Project Dream Italian real estate portfolio from ENPAM (previous firm experience).

  • Apax on the acquisition of the professional services business “S&W” from Evelyn Partners.
  • Stonepeak on:

-its joint venture with KKR with a recommended GBP1.6bn cash offer for Assura plc;

-its agreement with the AA, the leading provider of roadside assistance services in the UK and a successful insurance business, and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus. Per the agreement, Stonepeak will invest £450 million in the AA through a combination of common and preferred equity at an enterprise value of approximately £4 billion (previous firm experience).

  • Carlyle on several opportunistic credit investments, including a financing of a UK sponsor-backed financial services business (previous firm experience).
  • Macquarie in respect of its investment in Aryza Holdings Limited, a provider of end-to-end automation software.
  • Lone Star Funds on:

-the acquisition of AOC from CVC Capital Partners (previous firm experience);

-the acquisition of the Dutch bank “Propertize” from The State of the Netherlands (previous firm experience);

-the carve-out acquisition of BASF Construction Chemicals from BASF (previous firm experience);

-the acquisition of a portfolio of real estate assets and the services business Servihabitat from CaixaBank (previous firm experience).

  • Sixth Street and Oaktree on the acquisition of Iona Energy (previous firm experience).
  • Goldman Sachs and Sixth Street on the acquisition of the Project Lundy loan portfolio from Lloyds Bank (previous firm experience).
  • Centerbridge on the loan-to-own acquisition of ATU (previous firm experience).
  • Davidson Kempner on the acquisition of multiple non-performing loan portfolios, secured on aviation, shipping and real estate assets (previous firm experience).
  • Deutsche Bank and CarVal on the acquisition of the Project Forge non-performing loan portfolio (previous firm experience).
  • Stanley Capital Partners on its investment in Roboyo, a market-leading independent consultancy company helping large corporates implement and manage a full spectrum of Artificial Intelligence (“AI”) powered automation technologies (previous firm experience).

Recognition

A strong lawyer” who provides “good insights into market practice and solutions to difficult issues
The Legal 500 UK 2023
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.