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Sophisticated investors, large corporations and financial institutions worldwide turn to Elizabeth Todd for trusted counsel on their most critical business matters. With nearly two decades of experience advising on cross-border and UK transactions—including private and public M&A, co-investments, joint ventures and direct investments—and general corporate matters, Elizabeth offers clients deep insight into market terms as well as a nuanced understanding of business trends across industries.
Clients value Elizabeth’s responsiveness and her commercially minded approach to helping them achieve their business objectives. A self-described “numbers geek,” Elizabeth also brings value to her clients with her command of the financial and accounting aspects of a transaction.
In 2022, Elizabeth was named by Law.com as a “Rising Star” in its best up and coming female lawyers in the UK category and also by PEI as one of its 40 under 40 Future Leaders of Private Equity 2022. She is listed as an ‘Up and Coming’ partner in Chambers UK for Private Equity: Buyouts: High-end Capability and as a ‘Next Generation Partner’ in Legal 500 for Private Equity: Transactions – High Value Deals where she is described as a “tremendous partner” and “highly commercial and is able to manage both the big picture and the details.”
Experience
- Advised funds affiliated with EQT Private Capital on:
- the acquisition of Tricor Group, Asia’s leading business expansion specialist. (the transaction valued Tricor at an enterprise value of $2.76 billion), and the subsequent merger of Tricor and Vistra into a combined company with a market value of up to USD$6.5 billion
- the acquisition of IMG Academy from Endeavor Group Holdings
- the acquisition of IGT Solutions, formerly InterGlobe Technologies, from an affiliate of Apollo Global Management
- the sale of the software firm Hexaware Technologies
- the US$1 billion+ acquisition of Lumenis, the Israeli-headquartered global leader in the field of minimally-invasive clinical solutions for the aesthetic, surgical and ophthalmology specialties, and the subsequent sale of Lumenis LTD, Surgical Business, a company that develops and commercializes energy-based medical solutions, to Boston Scientific
- their and PAI Partners’ acquisition of World Freight Company International, the global leader in the General Sales and Service Agent market
- the purchase of approximately 18.85 million NIIT Technologies Limited shares—approximately 30% shareholding on a fully diluted basis in NIIT Technologies—from NIIT Limited and other promoter entities at a price of INR 1394 per share
- the US$1.8 billion sale, alongside the Shanghai-based Bright Food Group, of British breakfast cereal brand Weetabix to U.S.-based cereal company, Post Holdings
- its portfolio company Virtusa’s acquisition of BRIGHT and ITmagination
- Acting for TSG Consumer Partners on:
- its acquisition of Cadogan Tate, a premium moving and storage business, specialising in fine art
- its acquisition of a minority stake in Revolution Beauty
- its investment in BrewDog, a Scottish craft beer
- its investment in Revolut, a consumer fintech firm
- Advising Athyrium on its invesment in uMotif, the patient data capture and decentralized clinical trials platform
- Advising Xerox on its acquisition of Go Inspire, a UK-based print and digital marketing and communication services provider
- Acting for Astorg on the acquisition of the Fastmarkets business division of Euromoney Institutional Investor, as part of a £1.61bn take-private of the financial publisher of Euromoney by Astorg and Epiris
- Advising Centerbridge on its PIPE investment in Landscape Digital’s acquisition of AP Wireless, since renamed as Digital Landscape Group
- Acting for Avenue Capital on its disposal of Hawthorn Leisure, a chain of managed and tenanted pubs in the UK
- Acting for an American multinational investment management corporation on multiple co-investments involving infrastructure and direct investments across multiple sectors in EMEA and Asia
- Advised Baillie Gifford Overseas Limited:
- on its PIPE investment into 468 SPAC (a publicly listed special purpose acquisition company) in connection with its business combination with Boxine, a category-defining international kids digital audio entertainment company and the company behind the Toniebox and Tonies figurines. The business combination valued Boxine at a pro-forma equity value of EUR 990 million
- in connection with its minority investments in Spotify, Funding Circle, Souq Group and Home24
- Advised Inflexion and other shareholders (including the management team) on the sale of Reed & Mackay, a premium corporate travel management and events business, to TripActions, a U.S.-headquartered business travel and spend management platform
- Advised SC Health Corp., a special purpose acquisitions company, in its proposed merger with Rockley Photonics, Ltd, a leading integrated photonics chipset developer and module supplier for high-volume sensor and communication products
- Advised Sound United LLC, a portfolio company of Charlesbank Capital Partners, on its acquisition of Bowers & Wilkins, a leading designer and manufacturer of luxury home audio speakers, headphones, custom installation products, wireless speakers, and branded audio systems in the automotive and television markets
- Represented Charlesbank Capital Partners in its acquisition of Six Degrees Group
- Advised Integrated Media Company (IMC), a TPG platform dedicated to the new media ecosystem, on the acquisition of a majority stake in Goal from the DAZN Group
- Advised the Asset Management & Investor Services Divisions of Mitsubishi UFJ Trust and Banking Corporation on:
- its acquisition of Point Nine Limited
- its acquisition of select divisions of Maitland’s Hedge Fund Administration Business
- the UK aspects of its acquisition of Link Group
- Advised BV Investment Partners:
- on its investment in Veracross, a provider of software solutions to independent primary and secondary schools across the world;
- and its portfolio company Source Advisors in the add-on acquisition of GovGrant, a premier R&D tax relief consulting
- Represented Crosspoint Capital as lead investor in the Series A Funding Round for Everseen, an Ireland-based leading provider of Ai-powered computer vision and hyper automation solutions
- Acted for Vision Ridge Partners and Havila Holding in a tentative agreement to sell Fjord1, a provider of maritime transport services based in Floro, Norway, to DIF Capital Partners
- Advised Sudhir Agarwal, the Founder and CEO of Everise and the management team in connection with Warburg Pincus’ investment into Everise, a US and Singapore-headquartered leading global healthcare services outsourcing company, joining existing investor Brookfield, valuing the company at around USD$1 billion.
- Acting for Welsh, Carson, Anderson & Stowe on its public to private acquisition of Abzena plc, a UK-based biopharmaceutical services company
- Acting for Codman Neuro – an affiliated company of Johnson & Johnson - on its acquisition of Irish stroke care company Neuravi Limited
- Acting for Cathexis on its hostile takeover of ISG
- Acting for Ensono, a leading hybrid IT services provider on the:
- acquisition of leading UK-based hybrid IT services provider Attenda;
- acquisition of Inframon, a UK-based cloud transformation company; and
- reorganization of certain aspects of its UK business
- Acting for Macquarie Capital in relation to Liberty Hall Capital Partners’ US$135 million acquisition of Dunlop Aircraft Tyres Ltd.
- Represented Bain Capital in its acquisition of TI Automotive for $2.4 billion
- Acting for Summit Partners on its joint venture with FleetCor to acquire UK-based Masternaut from Francisco Partners. Masternaut is a leading European provider of telematics solutions to commercial fleet customers in 32 countries
- Acting for Summit Partners and Management on the disposal of the entire issued share capital of Actix International Limited to Amdocs Astrum Limited. Actix is a software business, which offers software analytics for faster and better mobile network optimization
Credentials
Publications
Awards
Disclaimer
Ropes & Gray International LLP is a limited liability partnership registered in Delaware, United States of America and is a recognised body regulated by the Solicitors Regulation Authority (with registered number 521000).