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Baker McKenzie Grows Tax Practice with Stephanie Pantelidaki Hire

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organisation in order to fund government spending and various public expenditures, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

Baker McKenzie has hired Stephanie Pantelidaki as Head of Financial Services Transfer Pricing in the firm’s tax practice. Stephanie joins from PwC, where she has worked in both the firm’s United Kingdom and Switzerland offices.

Baker McKenzie is a multinational law firm headquartered in Chicago, Illinois. Founded in 1949 as Baker & McKenzie, it has 77 offices in 46 countries, and over 6000 lawyers worldwide. It is one of the largest law firms in the world by headcount and revenue.

Stephanie has over twenty years’ experience advising on transfer pricing and international corporate tax issues with a particular focus on financial services – having worked with leading institutions in banking and capital markets, investment management, and the insurance sectors.

She started her career in academia as an economic adviser and research fellow at London Business School, and went on to work for organisations including Andersen, KPMG and Baker McKenzie where she helped establish the Transfer Pricing team in the London office.

Alex Chadwick, head of Baker McKenzie’s tax practice in London, said: “Stephanie is a truly exciting hire for Baker McKenzie. We’re seeing increased demands from financial institutions for transfer pricing works and her skills and expertise will enable us to deliver an even better service for our clients.”

Alex Chadwick, Baker McKenzie’s London Managing Partner, said: “We’re welcoming Stephanie back to Baker McKenzie at a great time, with opportunities in abundance for continued growth across the tax practice. Her experience, crossing academia and finance, mean she will bring a lateral-minded point of view to the team. She’s going to be a fantastic asset to us.”

Stephanie’s hire follows a number of recent significant lateral appointments including Leveraged Finance partner Ben Wilkinson, who joined Baker McKenzie from White & Case, M&A partner Nick Rainsford, who joined from Ashurst, private equity partner Justin Hutchinson, who joined from Kirkland & Ellis, Adam Eastell a partner from Slaughter & May and Nick Bryans, also from Ashurst.

Baker McKenzie Grows Transactional Division

Baker McKenzie announced today that Aarthi Belani has joined the Transactional practice as a partner in the Firm’s Palo Alto office, bringing experience advising technology and life sciences companies on mergers and acquisitions and venture capital transactions.

Aarthi joins the Firm from Jones Day, where she was a partner.

Aarthi represents strategic acquirers, especially in cross-border deals, emerging growth technology companies, venture capital funds, and corporate venture capital. She has also represented the sell-side and advised on digital health, financial services, and impact investment deals.

Recent major transactions she has worked on include representing Uniphore Technologies in its Series D fundraising, acquisitions for Five9, a provider of cloud contact-centre solutions, AbbVie in its acquisition of Mavupharma, SAP in its $8 billion acquisition of Qualtrics, and Oclaro in its $1.8 billion sale to Lumentum.

Previously, Aarthi was on the in-house strategy mergers and acquisitions legal team at Credit Suisse in New York, where she was also a member of the Sustainability Network, a Credit Suisse OneBank initiative to develop impact investment products.

She started her legal career at Cleary Gottlieb Steen & Hamilton in New York, where she worked on complex strategic mergers and acquisitions, especially cross-border mergers and acquisitions.

In 2018, she was recognised as a “40 Under 40” honouree by the Silicon Valley Business Journal.

She is a mentor for the Unreasonable Group and a Leadership Committee member of How Women Lead, which is part of the campaign to increase the representation of women on corporate boards.

Our California M&A team has advised on some of the largest and most complex transactions in Silicon Valley, helping clients seize opportunities, mitigate risk, make judgment calls and achieve their goals. With locally trained lawyers around the globe, we serve as a “one-stop shop” for acquisitions, providing a consistent approach and quality, supported by in-depth local knowledge and a global perspective.

Aarthi received her LL.M. and J.D. from New York University and her B.A. from Stanford University.

Baker McKenzie Boosts Leveraged Finance Division

Leveraged finance is the use of an above-normal amount of debt, as opposed to equity or cash, to finance the purchase of investment assets. Leveraged finance is done with the goal of increasing an investment’s potential returns, assuming the investment increases in value. Private equity firms and leveraged buyout.

Baker McKenzie has hired Ben Wilkinson from White & Case where he was a partner in the Debt Finance practice. Ben will join the banking and finance practice in London on May 3rd, to help build out the Leveraged Finance team.

With over 16 years in the legal industry, Ben’s experience includes advising investment banks and private credit funds in relation to cross-border acquisition finance transactions, in particular those with complex capital structures.

He regularly advises lenders, borrowers and financial advisors in connection with the bank financing of acquisitions of public companies, and also acts for a variety of lender syndicates, steering committees, sponsors and companies in relation to various restructuring matters.

Ben is an important strategic hire with a focus and strong experience in cross-border leveraged / acquisition financing transactions, particularly on the lender-side, which will significantly expand our capabilities in the leveraged finance space.

London Managing Partner Alex Chadwick added: “We are very excited about Ben joining our Banking & Finance group in London. His practice is firmly aligned with our strong industry focus and his hiring represents our ambitions to become one of the leading transactional Firms globally.

Ben has a long track record of doing deals in the financial sector which supports our ambitions to strengthen our relationships with sponsors.”

We will continue to grow our transactional partnership in London and other key markets, both laterally and organically.”

Ben Wilkinson’s hire comes after a number of recent lateral appointments including mergers and acquisitions partner Nick Rainsford who joined from Ashurst, private equity partner Justin Hutchinson who joined from Kirkland & Ellis, Adam Eastell a partner from Slaughter & May and Nick Bryans, also from Ashurst.

Baker McKenzie is a transactional powerhouse with over 2500 deal lawyers and expertise in over 46 countries. We excel in cross-border deals – over 60% of our deals are multi-jurisdictional. We are global and local, combining money market sophistication with local excellence.

Challenges Remain for Industrials

The Industrials sector includes capital goods, commercial and professional services, and transportation. Disruption arising from COVID-19 has accelerated trends already apparent in the industrials market – particularly digitalisation and trade volatility – and transformation has gone from a “nice to have” to a necessity, according to the latest findings from Baker McKenzie.

The law firm surveyed 700 company leaders in six industrial sub-sectors in early 2020, and again at the end of the year after the pandemic had taken hold of the global economy.

Interviews with sector leaders highlighted renewed action and energy, with companies looking to acquire technology and reimagine systems, networks and services to thrive in future.

A License to be Bold: Transforming Industrials covers four areas of focus: adapting to the new market; digitalising for growth; disruption-proofing supply chains; and sustainability.

Nikolaus Reinhuber, Global Chair of Baker McKenzie’s Industrials, Manufacturing and Transportation industry group says, “Our findings show that disruption arising from COVID-19 has accelerated trends already apparent in the market – particularly digitalisation, trade volatility and the importance of sustainability – and transformation has gone from “nice to have” to necessity. There is a significant imperative to change, with greater stakeholder buy in and long-term viability outweighing short-term performance.

Those organisations that meet disruption with a bold and innovative vision and execute effectively on it, will be best placed to adapt and grow over the coming decades. The industry has an imperative to change and a new license to be bold – the stage is set for transformation.”

Kuehne+Nagel Acquires Asian Logistics Service Provider Apex

Logistics is generally the detailed organisation and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.

Baker McKenzie has advised global transport and logistics group Kuehne+Nagel on its acquisition of Apex International Corporation from private equity firm MBK Partners and managemenLogistics t, its largest acquisition to date.

Apex is one of Asia’s leading freight forwarders, especially in the transpacific and intra-Asia. The company was founded in China in 2001 and has expanded throughout Asia and beyond over the years of its growth history.

With approximately 1,600 employees, Apex generates yearly turnover in excess of CHF 2.1 billion. In 2020, the company handled total air freight volume of approximately 750,000 tons and sea freight volume of 190,000 TEU.

The Baker McKenzie team was led by Alexander Fischer, together with Howard Wu, Alexander Blaeser, Matthias Trautmann, and with the following deal team members:

Zurich: Boris Wenger, Matthias Courvoisier, Eva-Maria Strobel, Markus Wolf, Yves Mauchle, Roger Thomi, Zarina Fueglister, Tiziana Hongler and Jan Lusti; PRC: Zheng Lu, Terry Xu, Gege Li, Merry Du, Coco Xi, Emma Zhao, Leo Zhang, Sufi Shang, Luis Zhang, Rachel Ye, Cora Wu, Lucca Li, Xi Chen, Hunt Wu, Kevin Yuan and Laura Liu; Hong Kong: Harold Van Kooten, Isabella Liu, Jannice Lau, Joel Cheung, Mandy Hung, Bryan Ng, Stephen Crosswell, Charlie Wong, Thomas Jenkins, Amy Ling, Lu Zhou, Jannie Mak, Rainbow Fu, Lesley Jingyu Luo and Antonia Chan; USA: Eunkyung Shin, Jeanne Song, Andrew Sagor, Chen Tang, Derek Liu, Stuart Seidel, John Fedele, Jennifer Trock, Alexander Matthews and Arvind Miriyala; Australia: Eric Thianpiriya; Canada: Yana Ermak; Germany: Alexander Ehrle; Mexico: Reynaldo Vizcarra-Mendez and Jesus Antonio Perez-Palazuelos; Netherlands: Christiaan Van der Meer, Danielle Pinedo, Florian Fehres, Emile Doelwijt, Julie Wulfften Palthe, Maarten van Laar, Philip Luckmann and Anastasia Moonen-Vaes; Taiwan: Gwyneth Gu and Yiting Lin; Thailand: Pornapa Luengwattanakit, Narumol Chinawong Teo, Sirikan Buranasiri and Kritchaya Rattanasakul; Vietnam: Lan Phuong Nguyen, Chi Hoang Yen Ngo and Xuan Nghi Ma.

The acquisition is subject to customary closing conditions, including merger clearance by the competent competition authorities. The purchase price will be financed by available liquid sources and, if needed, by available credit lines.

Following closing of the transaction, a minor stake of Apex shares is to remain with the experienced and entrepreneurial management of Apex.

Law Firm Advises E-Commerce Fashion Company

Mytheresa is a German e-commerce luxury fashion company, with headquarters in Munich, Germany. Founded in 2006, it operates local-language based websites for international markets in English, German, Spanish, French, Italian, Arabic, Chinese and Korean. Its Chief Executive Officer is Michael Kliger.

Multinational law firm Baker McKenzie advised MYT Netherlands Parent B.V., the parent company of luxury e-commerce platform Mytheresa, in its approximately USD 407 million initial public offering of American Depositary Shares.

Mytheresa’s ADSs now trade on the New York Stock Exchange under the symbol “MYTE.”

The Baker McKenzie team included Roger Bivans, Chris Bartoli, Leif King, Eric Mattingly, Jamie Nix, Jeremy Poore, Derek Liu, Tom Asmar, Jonathan Martin, Robin Chesler, Christoph Wolf, Bernhard Trappehl, Kim Tan, Rebecca Kuijpers-Zimmerman, Ulrich Weidemann, Denise Ozmis and Willem Treuren, and numerous other team members in the United States, Netherlands, Germany and other countries.

Baker McKenzie is a transactional powerhouse with over 2500 deal lawyers and expertise in over 46 countries.

Our strong global reputation for both issuer and underwriter counsel is based on our ability to successfully navigate the highly complex mix of legal system and cultures in complex cross-border and domestic equity and debt offerings.

Michael Kliger has served as Chief Executive Officer and as a member of our Management Board since September 2020. He has served as President and Chief Executive Officer of mytheresa.com GmbH, Theresa Warenvertrieb GmbH and MGG since March 2015.

Baker McKenzie Overview

Baker McKenzie is a multinational law firm headquartered in Chicago, Illinois. Founded in 1949 as Baker & McKenzie, it has 77 offices in 46 countries, and over 6000 lawyers worldwide.

It is one of the largest law firms in the world by headcount and revenue.