Tim Waters joined Ropes & Gray in 2021 as an associate in the tax group, with a focus on corporate and international taxation. Tim has experience of a wide range of transactions and tax issues, including corporate restructuring, mergers and acquisitions, fund structuring and investment, finance, advisory work and transactions in UK real estate. He has worked with clients ranging from major banks, public companies and institutional investors to private equity houses, investment managers and entrepreneurs. Tim enjoys the challenge of providing clients with clear and pragmatic advice to make sense of complex tax issues.

Experience

  • Advised Oriflame in connection with a comprehensive recapitalisation to deliver a substantially de-levered and sustainable balance sheet with a debt reduction of approximately €520 million and enhanced liquidity through approximately €71.5 million in new capital provided by shareholders and noteholders
  • Advised SimCorp A/S, a leading global financial technology company and part of Deutsche Börse Group, on its acquisition of Domos FS Limited, a Paris-headquartered leading software provider specializing in alternative investment
  • Advised Cadre Holdings, Inc., a global leader in the manufacturing and distribution of safety equipment, on its strategic acquisition of Carr’s Engineering Limited engineering divisions and leading nuclear safety brands
  • Acted for Partners Group on its acquisition of a minority stake in atNorth, a leading pan-Nordic data center platform
  • Advised the Baupost Group on a joint venture purchase with KKR of a 6,500 key portfolio of 33 Marriott hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority
  • Advised Basecamp Research, a London-based startup and market leader in mapping biodiversity for AI-based design of biological systems, on its $60 million Series B funding round
  • Acted for Partners Group on its participation in a CAD 1.8 billion investment in eStruxture Data Centers, the largest Canadian data center platform
  • Advised Adaptimmune Therapeutics plc, a company redefining the treatment of solid tumor cancers with cell therapy, in a $125 million five-year, term loan facility with Hercules Capital, Inc.
  • Advised Pfizer on its strategic investment in and collaboration with innovative UK-based biotechnology company CellCentric
  • Acted for Bridgepoint (BDC IV) on its majority investment in Monica Vinader, an award-winning British luxury jewellery brand
  • Advised Matrix – a market-leading workforce technology and services platform, and portfolio company of Bridgepoint Development Capital – on its acquisition of employment screening business, Security Watchdog
  • Advised Old Mutual plc on the managed separation of its £11 billion global operations into several independent businesses, including the demerger of its UK wealth management operations under Quilter plc*
  • Advised Trinity College Cambridge on the expansion of its investment property portfolio, including the development of the Cambridge Science Park*
  • Advised on the £1.5 billion IPO of Clydesdale for National Australia Bank*
  • Advised TDR Capital and its portfolio pub company Stonegate on acquisitions from the TCG, Faucet Inn and Novus Leisure pub chains*
  • Advised AgFe on its debt investments into a range of UK companies and holding structures*
  • Advised various UK universities and higher education institutions on tax issues in connection with their private placements and debt issuances*
  • Advised trustees of pension funds such as those of Tesco, Centrica, TUI and Legal & General on the tax aspects of their investments into private equity and other funds*
  • Advised a leading UK bank on a large scale HMRC investigation into the validity of its corporation tax relief claims*

*Experience prior to joining Ropes & Gray

Areas of Practice

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