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Portrait of Louise Wallace

Louise Wallace

Partner
Head of the CMS Corporate/M&A Group

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English
Corporate

Louise is the Head of the CMS International Corporate/M&A Group, a global group of over 1400 Corporate lawyers throughout Europe, Asia, Middle East, Africa and South America. Louise undertakes this role with co-head Malte Bruhns. 

Louise has been with CMS for over 30 years working on some of the largest, cross-border international transactions which CMS undertakes. She regularly works with colleagues in our CMS offices on global mandates. Her indepth knowledge enables her to provide the highest quality, seamless service that clients value.

Louise specialises in the hotels & leisure, consumer and retail sectors, specialising in M&A and all matters of corporate advisory matters for clients. 

Louise’s client relationship partners are several multi-national clients, and regularly speaks at conferences on a wide variety of sector, corporate and D&I issues.

Louise has recently been appointed as a Trustee to Look Good Feel Better Charity, a charity specialising in the physical and emotional wellbeing of cancer patients. 
 

Recommendations

Louise is recognised in Chambers and Legal 500. She is ranked as Band 1 for Hotels & Leisure, “she combines deep knowledge of the market in connection with the hospitality world. She is very tapped into that world not only legally, but also has good commercial sense of what is happening with the industry”. “She is extremely knowledgeable, and very clear thinking and very good at articulating complex things”.

Louise is also recognised for Corporate and M&A within Chambers “she looks at deals from the client’s perspective. She is brilliant”.

Louise is also recognised in the Legal 500 “a wealth of knowledge and an excellent grasp of all the key issues at play in the most complex of deals. She has an exceptional legal brain”. 

Best Lawyers 2022 Leisure and Hospitality Law

Super Lawyers 2017-2023 Leisure and Hospitality 

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"sensible, practical and tough".

Chambers

"She has “a very good reputation for Corporate work and M&A transactions” is “very commercial, very client focused and amenable” and is “such a strong leader that she very much takes the lead”.

Chambers Global, Chambers European and Chambers UK 2016

Relevant experience

  • Vertiq Advisers on the acquisition of Bankside, an Autograph Hotel in excess of GBP 100m
  • Punch Taverns acting for management on the acquisition of Punch by Fortress Investment Group
  • advising Logistics Capital Partners Limited on numerous transactions including its joint venture with Invesco and joint ventures with Oxford Properties in relation to the logistics centre at Heathrow and West Midlands Interchange
  • advising Eaton Corporation on all the EMEA aspects, over 21 jurisdictions on the disposal of its hydraulics business to Danfoss for USD 3bn
  • DTGO Corporation on the acquisition of Marathon’s portfolio of 17 UK Hotel portfolio for a sum not exceeding GBP 500m
  • Invesco on the acquisition of a leading hotel in Europe for a price in excess of EUR 120m
  • Lone Star on the sale of 5 Hilton Hotels to LRC
  • Lone Star on the sale of a portfolio of 47 hotels in the Atlas Hotels portfolio for an undisclosed sum in excess of GBP 500m to London & Regional
  • Advance Publications on the acquisition of Stage Entertainment on the cross Europe theatres business for an undisclosed amount in the region of EUR 1bn
  • LRG on the new management and franchise agreements for 65 Crowne Plaza and Holiday Inn Hotels and the sale of 21 hotels to Kew Green, then owned by Goldman Sachs and TPG and the sale of a further 18 to Cerberus Investments for GBP 221m
  • Patron Capital on its Generator platform including the investment by Invesco and subsequent sale to Queensgate for approximately EUR 450m
  • Diageo on the UK aspects on the sale of its global wine business for USD 600m
  • Patron Capital and West Register Hotel Holdings Limited on the sale of 26 hotels to FICO Holdings Limited and Singha Estates for GBP 160m
  • Royal Bank of Scotland on its GBP 420m sale of its tenanted pub business to Scottish & Newcastle, a subsidiary of Heineken
  • Delhaize Group on the acquisition of Serbian retail Delta Maxi Group with operations in Serbia, Bosnia, Bulgaria, Montenegro and Albania for EUR 932.5m
  • Royal Bank of Scotland on the acquisition and subsequent GBP 1.1bn disposal of a portfolio of 47 UK Marriott hotels
  • Accor on the GBP 440m sale and leaseback of 30 Hotels to Land Securities Trillium
  • NSB Retail Systems on its flotation on AIM, its move to the official list, various and numerous corporate acquisitions and disposals and corporate advice to include advising on its recommended takeover by Epicor Software and disposal of the UK business to BT
  • Gama Aviation on the matters for an acquisition and joint venture
  • Accenture on the acquisition of Media Audits
  • management and the chairman on the sale and reinvestment into Radley Group
  • Finsbury Food Group plc the AIM listed food producer on its joint venture with Genius Foods and subsequent disposal of its Free From business to Genius Foods Limited
  • the shareholders of Aurum Group, the UK’s leading luxury jewellery retailer owning Watches of Scotland, Mappin & Webb and Goldsmiths to Apollo
  • Camelot Group plc on very high profile matters including: ticketing for the Millennium Dome, the buy back of the shareholding of GTECH following the GTECH libel action, the sale of shares to the Post office Limited and acting for Camelot on its sale to Ontario Teachers Pension Plan
  • the management of Simple Health and Beauty on the sale of Simple to Alberto Cuylver for GBP 240m
  • WT Foods on the sale of Noon Group Ltd to Kerry Foods Ltd, Bart Spices Ltd and advising Bridgepoint on the sale of WT to Grace Kennedy
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Education

  • 1988 - Law Society Finals (First class hons), Bristol
  • 1987 - LLB (Hons), King’s College, London 
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Hotels & Leisure

Louise Wallace has been a partner in the Corporate Team since 1997 and is a member of CMS’ Executive Committee. She covers all aspects of M&A, private equity, corporate finance, takeovers, joint ventures, corporate outsourcing, integrations and governance, and all forms of corporate restructurings.

Louise specialises in the hotels & leisure and the consumer and retail sectors. She is ranked in the top tier of Chambers 2016 for her work in the hotels & leisure sector and is recognised in Chambers for M&A (High End) GBP 250m+ deals.

Louise has acted on many of the leading M&A transactions in the hotels & leisure sector. She has advised owners and financiers on countless Management and Franchise Agreements with Hilton, IHG, Marriott, Accor as well as “White Label” Management Agreements with Redefine BDL, Chardon, Sangine, MacDonald Hotels to name but a few.

On the consumer and retail side, she has an in-depth knowledge of the sector and supports our clients with M&A, competition, media and advertising, food law, etc. Her detailed expertise as a corporate partner means Louise also regularly advises clients across a wide range of other sectors including real estate, manufacturing, support services, industrials and IT.

She has in-depth expertise in the consumer products sector (FMCG, food & drink, household & body care, cosmetics, textiles and retail), having advised retailers and manufacturers in a broad range of legal and market facing issues.
 

Recommendations

Louise is recognised in Chambers and Legal 500. She is ranked as Band 1 for Hotels & Leisure, “she combines deep knowledge of the market in connection with the hospitality world. She is very tapped into that world not only legally, but also has good commercial sense of what is happening with the industry”. “She is extremely knowledgeable, and very clear thinking and very good at articulating complex things”.

Louise is also recognised for Corporate and M&A within Chambers “she looks at deals from the client’s perspective. She is brilliant”.

Louise is also recognised in the Legal 500 “a wealth of knowledge and an excellent grasp of all the key issues at play in the most complex of deals. She has an exceptional legal brain”. 

Best Lawyers 2022 Leisure and Hospitality Law

Super Lawyers 2017-2023 Leisure and Hospitality 

more less

Relevant experience

  • LRG on the sale of 18 hotel assets to Cerberus Investments for GBP 221m.
  • Patron Capital and West Register Hotel Holdings Limited on the sale of 26 hotels to FICO Holdings Limited and Singha Estates for GBP 160m.
  • Royal Bank of Scotland on its EUR 420m sale of its tenanted pub business to Scottish & Newcastle, a subsidiary of Heineken.
  • LRG on the sale of 21 hotels to Kew Green, owned by Goldman Sachs and TPG.
  • Accor on the GBP 440m sale and leaseback of 30 UK hotels to Land Securities Trilium.
  • Royal Bank of Scotland on the acquisition and subsequent £1.1bn disposal of a portfolio of 47 UK Marriott hotels.
  • The Managed Hotels Unit Trust on the GBP 397m acquisition of management of 16 Hilton hotels.
  • Fawkes Holdings and Ernst & Young as administrative receivers on the GBP 620m disposal of 42 Marriott hotels.
  • RBS on the separate sales of the Grand Hotel Jersey and the Doubletree Hilton.
  • May Capital on the acquisition of a portfolio of Greene King pubs. 
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Education

  • 1988 - Law Society Finals (First class hons), Bristol
  • 1987 - LLB (Hons), King’s College, London 
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Consumer Products

Louise Wallace has been a partner in the Corporate Team since 1997 and is a member of CMS’ Executive Committee. She covers all aspects of M&A, private equity, corporate finance, takeovers, joint ventures, corporate outsourcing, integrations and governance, and all forms of corporate restructurings.

Louise specialises in the hotels & leisure and the consumer and retail sectors. She is ranked in the top tier of Chambers 2016 for her work in the hotels & leisure sector and is recognised in Chambers for M&A (High End) GBP 250m+ deals.

Louise has acted on many of the leading M&A transactions in the hotels & leisure sector. She has advised owners and financiers on countless Management and Franchise Agreements with Hilton, IHG, Marriott, Accor as well as “White Label” Management Agreements with Redefine BDL, Chardon, Sangine, MacDonald Hotels to name but a few.

On the consumer and retail side, she has an in-depth knowledge of the sector and supports our clients with M&A, competition, media and advertising, food law, etc. Her detailed expertise as a corporate partner means Louise also regularly advises clients across a wide range of other sectors including real estate, manufacturing, support services, industrials and IT.

She has in-depth expertise in the consumer products sector (FMCG, food & drink, household & body care, cosmetics, textiles and retail), having advised retailers and manufacturers in a broad range of legal and market facing issues.

 

Recommendations

Louise is recognised in Chambers Global, Chambers European and Chambers UK 2016. She has “a very good reputation for Corporate work and M&A transactions” is “very commercial, very client focused and amenable” and is “such a strong leader that she very much takes the lead”. Chambers also says she is “sensible, practical and tough”. 

Louise is also recommended in Legal 500 for M&A Upper Mid Market and Premium deals £250m+ and Private Equity transactions

Consumer Products Lawyer of the Year ACQ5 Global Awards 2015

Super Lawyers 2013-2015 Corporate Finance and Consumer Products

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Relevant experience

  • Diageo on the UK aspects on the sale of its global wine business for USD 600m.
  • Shareholders of Aurum Group on the sale of the UK’s leading luxury jewellery retailer owning Watches of Switzerland, Mappin & Webb and Goldsmiths to Apollo.
  • Delhaize Group on the acquisition of Serbian retail Delta Maxi Group with operations in Serbia, Bosnia, Bulgaria, Montenegro and Albania for EUR 932.5m.
  • Coca-Cola Enterprises on its joint venture with ECO Plastics in respect of rPET.
  • Management of Simple Health & Beauty on the sale of Simple to Alberto Culver for GBP 240m.
  • Finsbury Foods on its joint venture with Genius Foods, the subsequent sale of its Free From business to Genius Foods and various joint ventures.
  • Sara Lee on the sale of Sara Lee Bakeries and two very complicated group reorganisations.
  • Camelot on very high profile matters including ticketing for the Millenium Dome, the buy back of the shareholding of GTECH, the sale of shares to the Post Office and acting for Camelot on its sale to Ontario Teachers Pension Plan.
  • WT Foods on the sale of Noon Group to Kerry Foods, the sale of Bart Spices and advising Bridgepoint Management on the sale of WT Holdings to Grace Kennedy of Jamaica.
  • Youngs Bluecrest Seafood on the acquisition of Bluecrest Seafood, its merger with Youngs Seafood and the sale of Youngs Bluecrest to CapVest.
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Education

  • 1988 - Law Society Finals (First class hons), Bristol
  • 1987 - LLB (Hons), King’s College, London 
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Feed

29/09/2022
Boom & Gloom? CMS European M&A Out­look 2023
We are pleased to share with you the 2023 edi­tion of the European M&A Out­look pub­lished by CMS in as­so­ci­ation with Mer­ger­mar­ket.
22/09/2022
Boom and gloom? European M&A Out­look 2023
M&A ex­pect­a­tions run high: Al­most all re­spond­ents (88%) are cur­rently con­sid­er­ing M&A.Un­der­val­ued tar­gets and dis­tressed sales to drive activ­ity: The biggest buy-side driver of M&A is ex­pec­ted to be the...
09/2022
Nav­ig­at­ing for suc­cess | Your busi­ness is our busi­ness
Our premi­er prac­tices in Europe’s power­house jur­is­dic­tions con­sist­ently handle the largest volume of M&A deals, en­ga­ging highly qual­i­fied teams across geo­graph­ies in a seam­less col­lab­or­a­tion sav­ing our cli­ents time and money. This is why we do more deals in Europe than any oth­er firm.Our unique com­bin­a­tion of deep loc­al ex­pert­ise and un­par­alleled glob­al per­spect­ive em­powers us to put to­geth­er highly ex­per­i­enced, agile, cross-de­part­ment­al teams to handle the largest mul­tijur­is­dic­tion­al M&A trans­ac­tions for the be­ne­fit of our mar­ket-lead­ing cli­ents. This is why our cli­ents love us.CMS has en­gaged in build­ing strong sec­tor fo­cuses for many years, be­fore most of our com­pet­it­ors real­ised the im­port­ance of do­ing so. We are now a glob­al lead­er in cor­por­ate work in many key eco­nom­ic sec­tors such as En­ergy and Cli­mate Change, Hos­pit­al­ity & Leis­ure, Private Equity, TMC, In­sur­ance, Con­sumer and Re­tail, In­fra­struc­ture and Pro­jects, Life Sci­ences and Health­care, where we act for many of the world’s lead­ing pub­lic and private com­pan­ies, fin­an­cial in­sti­tu­tions and funds. This is why cli­ents from all busi­ness sec­tors keep com­ing back to us.Chan­ging the face of law with our un­usu­ally strong fo­cus on in­nov­a­tion and cre­ativ­ity, we be­lieve in an open, next-gen mind-set, skill in listen­ing and bold com­mit­ment to new and in­nov­at­ive ways of work­ing for the be­ne­fit of our cli­ents and of our people. This is why we are fu­ture-fa­cing.Down­load our re­port be­low & learn more about our deals!
29/07/2022
CMS Ex­pert Guide to Cash pool­ing | 2022 up­date
Cash pool­ing ar­range­ments & agree­ments - 2022 up­date We are pleased to present an up­dated and ex­ten­ded ver­sion of CMS Ex­pert Guide to Cash Pool­ing.Cash pool­ing en­ables cor­por­ate groups to min­im­ise ex­pendit­ure in­curred in con­nec­tion with bank­ing fa­cil­it­ies through eco­nom­ies of scale. Cash pool­ing agree­ments must be care­fully struc­tured in or­der to min­im­ise the risks of civil or crim­in­al li­ab­il­ity of the par­ti­cip­at­ing group com­pan­ies and their of­ficers, and also take in­to ac­count the tax is­sues.Es­pe­cially in dif­fi­cult eco­nom­ic times like we are ex­per­i­en­cing now, with a mul­ti­tude of risks (raw ma­ter­i­al prices, dis­rup­ted sup­ply chains, to name but a few), the im­port­ance of ef­fi­cient cash man­age­ment is grow­ing. We see in­creas­ing de­mand on ex­pert­ise on cash pool­ing.In this con­text, this guide provides an over­view of the risks of civil and/or crim­in­al li­ab­il­ity as­so­ci­ated with cash pool­ing in mul­tiple jur­is­dic­tions in which CMS is rep­res­en­ted and dis­cusses the vari­ous means by which such li­ab­il­ity may be avoided.Please do get in touch if you have any ques­tions you would like to dis­cuss with our team.
21/06/2022
CMS ap­points six new prac­tice and sec­tor group heads
CMS is pleased to an­nounce new heads for four of its in­ter­na­tion­al ex­pert­ise groups.All CMS law­yers work in cross-bor­der groups across more than 40 coun­tries world­wide that are struc­tured ac­cord­ing to...
24/03/2022
CMS European M&A Study 2022
The CMS Cor­por­ate/M&A Group is pleased to launch the four­teenth edi­tion of the European M&A Study
23/03/2022
CMS: European M&A bounced back to pre-pan­dem­ic levels, with a re­turn...
23 March 2022 – 2021 saw European M&A boom­ing, with a con­fid­ent re­turn to pre-pan­dem­ic levels and nor­mal deal be­ha­viour re­sum­ing in the ma­jor­ity of trans­ac­tions, ac­cord­ing to the latest an­nu­al M&A study...
12/10/2021
CMS Ex­pert Guide for dir­ect­ors and CEOs
We last up­dated this guide in April 2020 in re­sponse to the out­break of COV­ID-19 – to in­clude spe­cif­ic guid­ance for dir­ect­ors on their re­spons­ib­il­it­ies in light of the pan­dem­ic, and to provide a sum­mary...
24/03/2021
CMS European M&A Study 2021: Europe pivots to be­come more ‘buy­er-friendly’...
Europe has re­turned to a ‘buy­er-friendly’ en­vir­on­ment, after the COV­ID-19 pan­dem­ic cre­ated more risk-averse at­ti­tudes. As a res­ult, CMS’ latest an­nu­al M&A study iden­ti­fied sig­ni­fic­ant in­crease in...
01/12/2020
CMS ap­points new Head of Cor­por­ate/M&A Group
In­ter­na­tion­al law firm CMS is pleased to an­nounce that part­ner Louise Wal­lace has been ap­poin­ted as Head of the In­ter­na­tion­al Cor­por­ate/M&A Group. Louise’s ap­point­ment was con­firmed in Novem­ber 2020...
09/07/2020
Plan for Jobs – What does this mean for hotel and leis­ure busi­nesses? 
The Chan­cel­lor made his state­ment yes­ter­day (8 Ju­ly 2020) on the next phase of the gov­ern­ment’s plan to ad­dress the eco­nom­ic im­pacts of the coronavir­us out­break.  The pro­posed meas­ures in­clude sup­port...
24/06/2020
4th Ju­ly Re­open­ing in Eng­land – what does this mean for hotel and leis­ure...
The Prime Min­is­ter made his long-awaited state­ment to the House of Com­mons yes­ter­day (23 June 2020) re­gard­ing the fur­ther eas­ing of re­stric­tions which will al­low much of the hos­pit­al­ity sec­tor to re­open...