Anna Ngo

Admiral Acquisition Limited (LSE: ADMR / ADMW), a publicly-listed acquisition vehicle, has announced that it has entered into a definitive agreement with ASP Acuren Investco LP, an affiliate of funds managed by American Securities LLC, to acquire 100% of ASP Acuren Holdings, Inc., the ultimate parent company of Acuren, a leading North American provider of critical asset integrity services, from US private equity firm American Securities, in a transaction valued at approximately US$1.85 billion, reflecting approximately 9.7x 2024E Estimated Adjusted EBITDA of approximately US$190 million, subject to customary closing conditions. Latham & Watkins LLP represented Jefferies in a financing to support the acquisition with a cross-border, interdisciplinary team led by New York partner Jesse Sheff, Houston partner Ryan Maierson, Chicago partner Jason Morelli, and New York counsel Kelly Egers, with associates Tony Zhou, Ryan Hudson, KC Sands, and Katherine Page. Advice was also provided on UK corporate matters by London partners Nicola Higgs and Anna Ngo; on UCC matters by New York partner Brian Rock; and on tax matters by New York partner Jocelyn Noll.~~

May 22

1 min

Latham & Watkins has advised 888 Holdings Plc on its placing that raised gross proceeds of approximately £162.9 million. The proceeds will be used to partially finance the Company’s acquisition of the international (non-US) business of William Hill as announced on 9 September 2022. The acquisition is expected to close in June 2022. The Latham capital markets team was led by London partner Anna Ngo, with associates Chris Ramsey and Nick Fisher. US securities advice was provided by partner James Burnett, with associates Lyndy Amato and Kaan Ulgen. The Latham London M&A team was led by corporate partner Ed Barnett, together with partner Sam Newhouse and associates Hector Sants and Becky Eaton.~~

Apr 12

1 min

Law.com has named London corporate partner Anna Ngo and finance associate Tracy Liu in its list of Rising Stars: The UK’s Best Up and Coming Female Lawyers. Ngo was commended for her pivotal role on 888’s reverse takeover of William Hill, as well as on Benevolent AI’s €1.5 billion listing, the largest-ever of a biotech on Euronext Amsterdam. Liu was recognized for playing a key role in advising on banking aspects for the successful financial restructuring of Vue Cinemas, as well as advising the lead arrangers and underwriters of the financing for Clinigen Group’s takeover by Triton Fund. Law.com has marked International Women’s Day by recognizing the UK’s most exceptional up-and-coming female lawyers, whittling down over 115 entries to 25 of women aged under 40 who represent the best and brightest the UK market has to offer. Candidates were judged against the quality of their client base; the scale, significance and complexity of their deals; their client feedback and general market reputation; the standing of their mentors; and any other examples of career success and innovation.~~

Mar 8

1 min

Latham & Watkins has advised Darktrace plc (LSE: DARK), a global leader in cybersecurity artificial intelligence, on its recommended takeover offer by Thoma Bravo. The acquisition values Darktrace's entire issued, and to be issued, ordinary share capital at approximately US$5.3 billion. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under English law. The Latham team was led by London M&A partner Richard Butterwick and associates Chris Ramsey, Will Temple-Smith, Beatrice Leung, and Aslihan Alparslan. Advice was provided on capital markets matters by London partners James Inness and Anna Ngo; on employment and benefits matters by London partner Kendall Burnett and Bay Area partner Ashley Wagner; and on regulatory matters by London partner Jonathan Parker and associate James Mathieson.~~

Apr 26

1 min

Latham & Watkins has advised Abcam plc (Nasdaq: ABCM), a global leader in the supply of life science research tools, on a definitive agreement pursuant to which Danaher Corporation (NYSE: DHR) will acquire all of the outstanding shares of Abcam for US$24 per share in cash (the ‘Transaction’), with a total enterprise value of approximately US$5.7 billion including assumed indebtedness and net of acquired cash. The Transaction has been unanimously approved and recommended by the Abcam Board of Directors and unanimously approved by the Danaher Board of Directors. Latham has previously advised Abcam on its listing on NASDAQ, de-listing from AIM, strategic M&A activities, and a recent activist campaign. The Latham team was led by London corporate partners Robbie McLaren, Richard Butterwick, Anna Ngo, and Jennifer Gascoyne, with associates Chris Ramsey, Aimee Godfrey, Aeneas Nalbantis, and Will Temple-Smith. Advice on US corporate matters was provided by Orange County partner Scott Shean and New York partner Leah Sauter; on executive compensation, employment & benefits matters by London partner Sarah Gadd and Washington, D.C. partner Nikhil Kumar; and on antitrust and regulatory matters by Brussels partner Héctor Armengod and counsel Philipp Studt, and Washington, D.C. partner Mandy Reeves.~~

Aug 28

1 min