Steven Franklin

Partner

Areas of Focus

Steven Franklin

Partner

steven.franklin@akingump.com

Areas of Focus

Save as PDF

Share This Biography

Biography
  • Significant practice experience in Europe and Asia-Pacific, focusing on public and private cross-border transactions and is a leading individual in shareholder activism across both regions.
  • Represents clients in multinational corporate matters, including private equity investments, merger/risk arbitrage and shareholder activism.

Steven Franklin’s practice focuses on public and private cross-border transactions, including mergers and acquisitions (M&A), debt and equity investments, joint ventures and the corporate aspects of domestic and cross-border financial restructurings. His experience includes advising hedge, private equity and other investment funds on structuring, acquiring and disposing of their investments.

Steven advises on many high-profile shareholder activism situations across the Asia-Pacific and European regions. He often acts in a quasi-general counsel role for his clients—managing multidisciplined advisor teams across multiple jurisdictions in Europe and Asia-Pacific throughout the lifecycle of an investment, including establishing optimal investment structures, providing ongoing corporate governance and financing, and advising on exit strategies (whether through the equity capital markets, M&A or otherwise).

Steven is one of 30 lawyers to be included in the Asian Legal Business (ALB)’s Rising Stars Hong Kong 2023 list which spotlights lawyers in Hong Kong who are doing high-quality work and earning accolades from their colleagues, superiors and clients. He was also recognised by The Deal as a Rising Star in 2021 which spotlights exemplary new partners at top US law firms who have demonstrated their ability to navigate complex dealmaking situations. In the publication, he was noted for his work advising hedge funds on shareholder activism situations, investments and joint ventures and for having significant experience providing investor-side advice on complex corporate transactions and investment opportunities, such as M&A, merger arbitrage opportunities and private equity investments, across Europe and the Asia-Pacific region.

Representative Work
  • Representing Elliott Management on:
    • its multi-year investment in Toshiba Corporation (a leading Japanese industrial conglomerate listed on the Tokyo Stock Exchange) and the resulting appointment of a senior Elliott representative to the Toshiba board.
    • the structuring and operations of Innsworth (a wholly-owned global litigation funder of shareholder, anti-trust and commercial litigation as well as arbitration claims in excess of US$100 million), including its European and Asia-Pacific structures and co-funding arrangements.
    • its investment in Dai Nippon Printing Co., Ltd. (a leading Japanese automotive battery component supplier listed on the Tokyo Stock Exchange).
    • its multibillion dollar activist investment in SoftBank Group Corp, a leading Japanese telecommunications and technology conglomerate listed on the Tokyo Stock Exchange.
    • its private equity investment in the Indian waste sector, including pre-initial public offering (IPO) structuring and subsequent exit
    • various activist, private equity and arbitrage investments across Europe and the Asia-Pacific region.
  • Representing Palliser Capital on:
    • all aspects of its investment in and activist campaign related to FTSE 250 Capricorn Energy Plc, including all private and public correspondence with Capricorn, equity disclosure obligations and filings, Takeover Panel submissions and engagement, multi-jurisdictional transaction analysis in respect of the proposed takeover offer for Capricorn by Tullow Oil and the proposed merger, by way of a reverse takeover, with Israeli-listed NewMed Energy.
    • its various international activist, equity and arbitrage investments.
  • Representing Millennium Capital Management on multimillion dollar arbitrage investments across the US, the UK, Hong Kong, Mainland China, Japan, Singapore, Korea, and Australia.
  • Representing numerous hedge funds on distressed special situations, credit and equity investments and mergers and acquisitions across Europe and Asia-Pacific, including acquisitions through pre-pack administrations and subsequent realization of those investments.
  • Representing various funds on cross-border joint ventures, including establishing bespoke corporate joint venture structures.
  • Representing a New York-based underwriter of transactional insurance products on its partial acquisition by a global specialty insurer and reinsurer.
  • Representing Värde Partners and D.E. Shaw, U.S.-based hedge funds, on the acquisition of one of the United Kingdom’s (U.K.) largest care businesses, European Care Group.
  • Representing OM Asset Management plc on its initial public offering on the New York Stock Exchange.
  • Representing bondholder committees on the restructuring and post-restructuring corporate governance of major corporate groups.
  • Representing funds on the U.K. and Asia-Pacific significant control (PSC) regimes and related matters, including investment structuring and regulatory disclosures.

Education
  • L.P.C., Nottingham Law School, England, 2009

  • LL.B., University of London, SOAS, 2008

Bar Admissions
  • Solicitor, England and Wales

  • Solicitor, Hong Kong

Recognitions
  • Asian Legal Business (ALB)’s Rising Stars Hong Kong 2023 - one of 30 lawyers included which spotlights lawyers in Hong Kong who are doing high-quality work and earning accolades from their colleagues, superiors and clients.
  • The Deal Rising Star in 2021 - spotlights exemplary new partners at top US law firms who have demonstrated their ability to navigate complex dealmaking situations.

Insights and Achievements

              Related Content

              People

              Distinguished by our areas of focus, as a cohesive and integrated firm, we are defined by the caliber of our work, the responsiveness of our service and a culture that is rooted in collaboration and forward-thinking.

              We Also Recommend

              Loading...
              Loading...
              Loading...
              Loading...