Finsbury Glover Hering’s Merger and Management Buy-in

Cleary Gottlieb Steen & Hamilton LLP and Macfarlanes represented Finsbury Glover Hering in the transaction.

Finsbury, The Glover Park Group and Hering Schuppener completed their merger and management buy-in of 49.99 percent of the combined businessfrom WPP.

The merger will create a pre-eminent global strategic communications and public affairs consultancy, operating from 18 offices with almost 700 consultants. WPP will remain a 50.01 per cent investor and Mark Read, CEO of WPP, will join the Board.

The Cleary corporate team included partner Kyle Harris (Picture), counsel Helena Grannis, and associates Patrick Courtien and Sharon Nyakundi. The executive compensation team included partner Michael Albano and associate Stephanie Edel. The tax team included partner Jason Factor. All lawyers are based in New York.

The Macfarlanes team was led by corporate and M&A partner Howard Corney with assistance from solicitor Andrew Wheelhouse. Tax and reward expertise was provided by partners Rob Collard and Jeremy Moncrieff alongside solicitors Mark Petch and Eugene Atkinson and advice on employment aspects came from senior solicitor Tabitha Al-Mahdawie.

Involved fees earner: Michael Albano – Cleary Gottlieb Steen & Hamilton; Patrick Courtien – Cleary Gottlieb Steen & Hamilton; Stephanie Edel – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Helena Grannis – Cleary Gottlieb Steen & Hamilton; Kyle Harris – Cleary Gottlieb Steen & Hamilton; Sharon Nyakundi – Cleary Gottlieb Steen & Hamilton; Tabitha Al-Mahdawie – Macfarlanes LLP; Eugene Atkinson – Macfarlanes LLP; Robert Collard – Macfarlanes LLP; Howard Corney – Macfarlanes LLP; Jeremy Moncrieff – Macfarlanes LLP; Mark Petch – Macfarlanes LLP; Andrew Wheelhouse – Macfarlanes LLP;

Law Firms: Cleary Gottlieb Steen & Hamilton; Macfarlanes LLP;

Clients: Finsbury Glover Hering;

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Author: Ambrogio Visconti