Joint Ventures
Strategic alliances and joint ventures can be key elements of a business strategy. They can provide incredible opportunities for companies to access new markets, share market risk, develop joint IP and implement economies of scale and scope. These can be highly complex and as such can easily lead to a loss of shareholder value if not structured in the most efficient way for both parties.
Our experience enables us to identify the particular commercial and practical concerns that a business may have. We advise on the range of issues which can arise and assist in choosing the appropriate mechanisms to implement the joint venture or strategic alliance, by taking into account a client’s attitude to risk and rewards, tax status and corporate culture. We continue to provide expert advice, right through to advising on the unravelling of the joint venture or strategic alliance, including exit routes or termination procedures.
Our recent transactions include:
- Advised Astro All Asia Network on its participation in a content joint venture with Saudi Telecom and the Saudi Research and Marketing Group. The joint venture was to operate via a subsidiary company established in and licensed by Dubai's Media City.
- Advised on the setting up of Clearcast Limited, a joint venture between ITV, C4, Five, Sky, GM.TV, Turner, IDS and Viacom, and acquisition by Clearcast of the business of the Broadcast Advertising Clearance Centre from ITV Network Limited and the business of TV Eye Limited.
- Advised Turner & Townsend on their joint venture in Korea with partner Hanmi Parsons.
- Advised D1 Oils plc in relation to its £48m placing as part of an £80m global joint venture with BP International to plant jatropha for the production of biodiesel and to grant BP International an option to acquire up to 16% shareholding in D1 Oils plc.
- Advised Evonik Power Minerals GmbH on a 50:50 joint venture with Hargreaves Services plc.
- Advised Evans on their first joint venture with the University of York for the provision of student accommodation on campus.
- Advised Offshore Hydrocarbon Mapping plc on its strategic alliance with CGGVeritas under which both companies will work together to develop the global market for Controlled Source ElectroMagnetic (CSEM) and to capitalise on seismic and CSEM integration opportunities.
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