Bola Ajayi

Recent work

• Parker-Hannifin on the global merger control and foreign investment clearances for its £6.3bn public offer for Meggitt, a manufacturer of aerospace and defence motion and control technologies, including obtaining EU and UK phase I merger clearances subject to competition remedies, with further national security remedies and economic undertakings given to the UK Secretary of State for Business, Energy and Industrial Strategy;
• Yokohama Rubber Co on obtaining unconditional phase I merger approvals from the European Commission and the UK Competition and Markets Authority (CMA) for its €2.1bn acquisition of Trelleborg Wheel Systems, a manufacturer of off-highway tyres for agricultural and industrial machinery;
• EDF and the holding company of Sizewell C on the UK government’s £679m investment in the development of the Sizewell C nuclear power project in Suffolk, China General Nuclear Power Corporation’s exit from the project and extension of the long stop date for Hinkley Point C;
• RWE on its acquisition of the 382 MW King's Lynn CCGT-plant in the UK from Centrica;
• Coty in relation to the strategic transformation of its $4.3 billion Professional and Retail Hair business (Wella) into a standalone business and the joint ownership of the Wella business with KKR;
• Aston Martin Lagonda in connection with the expanded and enhanced technology agreement with Mercedes-Benz AG, with access to advanced technologies being provided in exchange for new shares taking Mercedes-Benz AG’s equity stake in several stages up to a maximum of no more than 20.0%, and acquisition of equity stake by a consortium led by Lawrence Stroll;
• Honeywell on the UK competition and national security aspects of the carve out and merger of Honeywell Quantum Solutions with Cambridge Quantum Computing, forming a new company, named Quantinuum which offers the world's highest-performing quantum computing systems and most comprehensive quantum software;
• Universal Music Group in connection with the music and streaming market study conducted by the CMA, and its acquisition of Hyperion and 49% stake in PIAS.
• John Laing on the £2 billion recommended public takeover by KKR;
• Ted Baker on its acquisition by Authentic Brands Group;
• UDG Healthcare on its acquisition by Clayton, Dubilier & Rice;
• Flutter on its all-share cross-border merger with The Stars Group;
• SSE and Equinor on the subsidy control aspects of their proposed Keadby 3 and Peterhead Carbon Capture Utilisation and Storage (CCUS) projects; and
• Advising an industrial client in relation to State aid aspects of the power contract renegotiation with a European state-controlled public entity.