Inversions, Corporate Migrations and Demergers/Spin-Offs

We have consistently led the way in inversions and migrations of group holding companies and/or tax residence to Ireland. We have also acted over the last number of years in relation to various spin-offs by NYSE/NASDAQ listed companies to form new listed companies.

“The team is very progressive with good forward-thinkers; the lawyers are not afraid to come up with several possible solutions to try and they are innovative.”

– Chambers Europe: Europe’s Leading Lawyers for Business, 2015

We are always innovating and coming up with new ways for our clients to achieve their commercial objectives. In the last number of years we have advised on:

  • the first UK inversion to Ireland (Experian)
  • the first US publicly traded company moving to Ireland (Covidien)
  • the first cross border merger involving an Irish company (the merger of Sachsen LB Europe plc in Ireland into a member of the Landesbank Baden-Wurttemberg group in Germany)
  • the first migration to Ireland using a Societas Europaea (James Hardie Industries)
  • the first inversion by way of merger to Ireland (Alkermes)
  • the first inversion to Ireland by way of merger not involving an Irish target (Paladin Labs – Endo Health Solutions)
  • the first inversion from Switzerland to Ireland (Pentair)

We have advised:

  • Cooper Industries, Covidien, Global Indemnity, Ingersoll-Rand, Seagate, TBS Shipping, Warner Chilcott and Willis on their inversions to Ireland by incorporation of a new Irish holding company
  • Johnson Controls International on the spin-off of Adient into a separately listed company
  • Tyco on its $19 billion corporate migration from Switzerland to Ireland
  • Covidien on its merger with Medtronic resulting in in a new Irish group holding company listed on the NYSE
  • Covidien on the $2.4 billion demerger of its pharmaceuticals business to Mallinckrodt, an Irish incorporated, NYSE listed, company
  • Actavis on its merger with Allergan
  • Warner Chilcott on its merger with Actavis, resulting in in a new Irish group holding company listed on the NYSE
  • Ingersoll-Rand on the demerger of its residential security technology business to Allegion, an Irish incorporated, NYSE listed, company
  • Cooper Industries on its acquisition by Eaton Corporation, which resulted in Eaton’s inversion to Ireland
  • NTR’s €219 million return of capital and demerger of its wind business
  • James Hardie on the migration of its corporate and tax residency to Ireland by way of an innovative Societas Europaea structure
  • Alkermes on its merger with the drug delivery business of Elan Corporation resulting in a new Irish group holding company listed on NASDAQ
  • Pentair on its migration of its holding company from Switzerland to Ireland