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"Tim is the absolute industry leader, you won't get a better man"

IFLR1000

Expertise

Tim Scanlon is the Partnership Chairman of Matheson.  Tim was previously the head of both the Corporate & Commercial Department and the Financial Institutions Group in Matheson.  Tim is one of the most experienced corporate lawyers in the Irish market and has advised on many of the most significant transactions that have taken place in the market.  In particular, he has advised many leading companies and financial institutions on strategically important projects and transactions undertaken by them in Ireland.

Experience Highlights

Tim has advised:

  • Canadian headquartered global IT consultancy firm CGI on its £78.9 million acquisition of Irish listed Scisys plc.
  • Listed Irish financial services company IFG Group plc on its £206 million acquisition by Epiris LLP.
  • Leading listed Irish media company Independent News & Media plc on its €145 million acquisition by Mediahuis NV.
  • Nasdaq listed Horizon Therapeutics plc on several significant refinancing transactions.
  • The Minister for Finance on the €1.3 billion sale of Irish Life to Great-West LifeCo.
  • AIB on the termination of its life assurance joint venture with Aviva and the subsequent €350m sale of Ark Life Assurance plc to Guardian Financial Services.
  • Aviva on it’s €130m acquisition of Friends First.
  • On the formation and listing of Aryzta AG on the Irish and Swiss Stock Exchanges following the €2.5b merger between IAWS and Hiestand and Aryzta on several acquisitions and disposals in the Irish market.
  • NASDAQ listed Nexvet Biopharma plc on its recommended acquisition by Zoetis Inc.
  • Gurnet Point Capital on its $209m acquisition of NASDAQ listed Innocoll  Holdings plc.
  • Insight Venture Partners in relation to its investments in Fenergo Group Limited and ACMS Limited.
  • State Street on its acquisition of Bank of Ireland Asset Management.
  • Goldman Sachs on the $550m sale of its hedge fund administration business to State Street.
  • Royalty Pharma on its $6.5b hostile bid for Elan.
  • Perella Weinberg Partners LP on its role as financial adviser to Medtronic on the $42.9b acquisition of Covidien plc.
  • ASL Aviation on the acquisition of two cargo airlines from TNT.
  • IFG Group plc on the disposal of IFG International.
  • On the €2.36b acquisition of eircom group plc by Babcock & Brown.
Accolades

Tim Scanlon is recommended.
European Legal 500 2020

Tim Scanlon is "very solution focused"
Corporate: Chambers Global 2020

Tim Scanlon is named ‘Highly Regarded’
IFLR1000 2020

Tim Scanlon is a vastly experienced practitioner advising international clients on notes and shares issues, often representing the issuers. Clients describe him as "very knowledgeable, hard-working, responsive and commercial."
Capital Markets: Chambers Global 2019

Tim Scanlon "promised me magic circle-quality service and he delivered it".
Chambers Europe 2019

Recognised for Capital Markets Law, Corporate Law, and Mergers and Acquisitions Law
Best Lawyers Ireland 2019 edition

Tim Scanlon is "extremely knowledgeable, commercial and client-friendly”.
Chambers Global and Europe 2018

Tim Scanlon is a "very astute lawyer who is on top of his game and good with clients”.
Chambers Global 2018

Tim Scanlon is named a Highly Regarded Individual.
IFLR1000 2018

Recognised for Capital Markets Law, Corporate Law, and Mergers and Acquisitions Law
Best Lawyers Ireland 2018 edition

Tim Scanlon is recommended.
European Legal 500 2017

Tim Scanlon is described by clients as "very knowledgeable and experienced".
Chambers Global & Europe 2017

Tim Scanlon is named a Leading Lawyer.
IFLR1000 2017

Tim is also recognised as a leading lawyer by other international legal directories including IFLR1000European Legal 500 and Best Lawyers.

Education

Trinity College Dublin (LLB)

The Industrial Development (Amendment) Act 2019

May 5, 2020, 13:14 PM
Getting Irish business Brexit-ready. New legislation brought into force by the outgoing Irish government is a welcome step in helping Irish business meet the challenges posed by Brexit.
Title : The Industrial Development (Amendment) Act 2019
Filter services i ds : a5faa30f-5dbb-45a0-ac57-91b70be7c811;
Engagement Time : 2
Insight Type : Article
Insight Date : Mar 18, 2020, 20:00 PM
Getting Irish business Brexit-ready.  New legislation brought into force by the outgoing Irish government is a welcome step in helping Irish business meet the challenges posed by Brexit.

The Industrial Development (Amendment) Act 2019 is one of a wide range of measures introduced to get Irish business Brexit-ready.

Doubling of Funding for Enterprise Development Agencies

The overall capital funding allowance that can be provided to IDA Ireland, EI and Science Foundation Ireland, in their combined lifetimes, is increased from €7 billion to €14 billion.

New Supports

Enterprise Ireland (“EI”), the state agency responsible for the development and growth of Irish enterprises in world markets :

• can now offer enhanced supports to client companies involved in research, development and innovation

• has increased flexibility to support enterprise development

• is empowered to manage its investments in client companies on a par with private sector investors.

For the first time, EI can provide grants to the horticulture sector and can partly fund research and development undertaken outside of Ireland by Irish based companies.  Government approval will be needed for investments above €7.5 million in any company.

The act was commenced by the Minister for Business, Enterprise and Innovation with effect from 7 January 2020 (with the exception of a section amending the Microenterprise Loan Fund Act 2012) .

The measures were originally contained in the omnibus Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019.  The Irish government decided, however, to accelerate the introduction of this element of the legislative response to Brexit given the strategic importance of state business support to the Irish economy.

To discuss the impact of Brexit on your business, contact Matheson’s Brexit Advisory Group or your usual Matheson contact.

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