About
Peter is a partner in our London tax practice and acts for financial institutions, investment funds and corporate groups across a variety of business sectors.
Advising on a broad range of commercial transactions, Peter specialises in corporate tax and corporate tax planning, with a particular emphasis on corporate restructurings, cross-border transactions (including equity and debt issuances and refinancings) and public and private M&A. He also advises on tax disputes.
In addition to his UK and European experience, Peter’s strong international practice includes a focus on investors in the Middle East and Asia. He is consistently ranked in the top 5 MergerLinks' "Top Tax Lawyers in EMEA" by deal value.
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- Advising Croda International Plc on the restructuring and sale of its Performance Technologies and Industrial Chemicals businesses to Cargill Velocity Holdings Limited for an enterprise value of €915m.
- Advising ABB on the complex multi-jurisdictional carve out reorganisation of, and subsequent sale to Hitachi of an 80.1% interest in, its US$11bn power grids business.
- Advising Liberty Global, the international cable company, on its €19bn 50/50 Netherlands joint venture with Vodafone.
- Advising SSE plc on the proposed demerger of its UK domestic retail operations and subsequent combination with Npower.
- Advising Starbucks Corporation on the US$1.3bn buy-out of its East China joint venture.
- Advising Flutter, the FTSE 100 global sports betting, gaming and entertainment provider, on various transformational matters, including the Betfair/Paddy Power merger, the merger with The Stars Group, and the group's additional listing on the New York Stock Exchange.
- Advising the shareholders and Neptune on the sale of the Neptune Energy group, and the inter-conditional sale of Neptune Energy’s Norway business, for an aggregate enterprise value of $4.9bn.
- Advising Softbank Group on its $24bn acquisition of ARM Holdings.
- Advising PT Sinar MasTunggal on the US$6.5bn merger of its listed Indonesian telecommunications business (Smartfren) with PT XL Axiata Tbk (XL), the third and fourth largest telecommunications operators in Indonesia.
- Advising Klarna on a multi-year agreement for a £900m replenishing commitment under which Elliot funds will purchase "buy now, pay later" loan receivables originated by Klarna in the UK.

"He has outstanding knowledge and experience while being strategic and tactical in his thinking."
— Chambers Global

Peter Clements
Partner
T +44 20 7936 4000
london Office
100 Bishopsgate
EC2P 2SR london