Michael James
Partner
Michael James is Co-Leader of Cleary Gottlieb’s Sponsor Solutions Group.
He has a broad corporate practice focusing on a range of international corporate and private equity transactions, including cross-border mergers and acquisitions, private equity fund formation, and joint ventures, co-investments, and consortium transactions.
Michael joined the firm as a trainee in 2010 and became a partner in 2021. He was resident in the New York office in 2011 and between 2013 and 2014.
Notable Experience
Private Equity Transactions
Sixth Street in connection with multiple transactions, including:
- Its acquisition of a 38% stake in Sorgenia, one of the leading players in the electricity and natural gas market in Italy, from F2i, Italy’s largest infrastructure fund manager, in a deal worth $4.6 billion.
- In a consortium led by William Chisholm in the $6.1 billion acquisition of the Boston Celtics, the largest PE sports investment to date.
- Its acquisition of a majority stake in Lemon Pepper Holdings Limited, the master franchisee for Wingstop in the UK and Ireland.
- Its $5.1 billion acquisition of Enstar, a leading global insurance and reinsurance group, and the acquisition by Enstar of AF Group from Blue Cross Blue Shield of Michigan.
- Its $7.1 billion take-private of Hong Kong-listed ESR Group, as part of a consortium with Starwood Capital Group, SSW Partners, QIA, Warburg Pincus, and certain founders of ESR.
- Its strategic partnership with Achmea and the merger of Lifetri’s and Achmea’s pension and life portfolios to create one of the leading Dutch pension and life insurance providers.
- Its acquisition of the Lundy portfolio from Lloyds Banking Group.
- Numerous preferred equity investments across a number of sectors.
- Its investments in numerous reinsurance sidecars.
Hayfin in an agreement with Arctos to support a management buyout of the business, acquiring British Columbia Investment Management Corporation’s majority stake.
TPG Capital funds in a range of transactions, including in relation to its acquisition of The Electric Highway Company Limited by Gridserve Holdings Limited, the sale of Evoltz to Ontario Teachers’ Pension Plan Board, as well as many other notable transactions and in various strategic and platform relationships.
TPG Growth funds, The Rise Fund, and TPG Rise Climate in a range of transactions, including in relation to investments in Gridserve, Digital House, Gro Intelligence, Tata Motors’ electric vehicle and infrastructure business, and a number of other early-stage venture and growth investments in Africa, Asia, and Latin America, and in various strategic and platform relationships.
Cascade Investment on its recommended $4.7 billion offer for Signature Aviation, as part of a consortium with Blackstone and Global Infrastructure Partners.
Warburg Pincus and General Atlantic in the joint acquisition from Banco Santander of a 50% stake in Santander Asset Management, in the subsequent proposed combination of Santander Asset Management with Pioneer Investment Management, and in the disposition of Allfunds Bank.
Warburg Pincus in a number of early-stage growth equity and venture financing.
Fund Formation
Sixth Street in a wide range of private fund-related matters, including the formation and operation of a number of credit and special situations funds, and in various separate accounts, co-investment arrangements, and other strategic initiatives.
TPG in the formation of certain private equity and other specialty funds, co-investments, and other strategic initiatives.
Hayfin in connection with a wide range of private fund-related matters, including the formation and operation of a number of credit and credit-related funds.
Monograph Capital Partners in connection with its formation and first fundraising.
The special situations platform of a leading U.S. bank in connection with fundraising activities.
Hillhouse in the formation of its first global private equity fund and inaugural credit fund.
A leading European credit manager in the ongoing formation and fundraising of its flagship fund and numerous separate accounts and co-investment arrangements.
Sponsor Solutions
Ares in connection with certain secondaries transactions.
Coller Capital in a number of GP-led secondary transactions.
Sovereign wealth funds in connection with numerous co-investment and consortium transactions alongside fund managers including Blackstone, KKR, Blackrock, Brookfield, and TowerBrook.
Wafra as an investor in several GP seeding transactions.
Certain leading sovereign wealth funds in connection with investments in numerous private funds and “GP stake” and platform transactions.
Several alternative asset managers in connection with succession and restructuring arrangements.
Numerous sponsors in connection with AIFMD and other European regulatory matters.
Corporate M&A
BNP Paribas in connection with multiple transactions, including:
- The €5.3 billion recommended acquisition of Allfunds Group plc, a leading global dealing and distribution platform in the wealth management industry, by Deutsche Börse AG.
- A novel transaction in relation to the transfer of Deutsche Bank’s global prime brokerage and electronic equities platform, and subsequent transaction in relation to the referral of Credit Suisse’s prime services and derivatives clearing platform.
- The initial public offering of Allfunds Bank.
Credit Suisse Asset Management with respect to a number of asset management divestments and spin-out transactions.
ArcelorMittal in connection the disposal of certain pan-European steel assets to Liberty House Group.
Schroders in its acquisition of Adveq.
Rosneft in its $55 billion acquisition of TNK-BP from BP and AAR.
Lafarge S.A. in its 50:50 joint venture with Anglo American plc to combine their UK cement, aggregates, ready-mixed concrete, asphalt, and contracting businesses.
Publications
The Surge of Secondaries: A Market Positioned for Continued Growth
Adapting to Tariffs as Cautious Optimism Returns to Private Equity
Insurance and Private Markets: A Mutually Beneficial Relationship
GenAI: Opportunities and Risks for Private Equity Firms and Portfolio Companies
The Current UK Tax Landscape for Private Equity Funds and Professionals
UK National Security Regime: Annual Report 2024 and Observations on Recent Practice
Retail Investor Funds Accelerate Private Equity's Democratization Drive
UK Government Considers Changes to National Security and Investment Regime
IPOs Set the Scene for Private Equity Companies to Get Exit Ready
UK National Security Regime: Annual Report 2023 and Observations on Recent Practice
The Case for Creditor on Creditor Violence in European Restructuring
From Industrials to Cleantech Germany Offers Private Equity Opportunities
Private Equity Market Snapshot: Silicon Valley Bank Focus April 2023
UK National Security Regime: Enforcement Practice and Updated Guidance
Strong Valuations Have Mixed Consequences for Private Equity
Holding On: The Growing Benefits of Evergreen Fund Structures in Private Capital
Negotiating GP Stakes Deals in Times of Economic Uncertainty
Rise of GP-Led Transactions Reshapes Private Equity Secondaries
Large Target: The Growing Opportunity for Private Equity Investment in Sport
Competition Watchdogs Increase Scrutiny of Private Equity Takeovers
European Investment Remains Resilient in Challenging Conditions
New Tax Rules Aim to Level Playing Field for UK Holding Companies
IPOs Versus Staying Private: Weighing the Benefits for Private Equity
Wide-Ranging New UK National Security Regime Comes Into Force
Private Equity Must Prepare for Higher Sustainability Standards
Valuations Sharpen U.S. Private Equity Appetite for UK Companies
Investor Expectations and Regulatory Scrutiny Rise as Sovereigns Co-Sponsor Deals
New UK National Security Regime to Come Into Force in January 2022
Longer Investment Periods Drive Creation of Longer-Term Funds
Italian Airport Concession Rebalancing May Be a Missed Opportunity
Directors’ Duties: Private Equity Responsibilities to Portfolio Companies
The Power of Teamwork... The Continued Rise of Consortium Buyouts
Events
March 9, 2025
International Bar Association’s 23rd Annual International Conference on Private Investment Funds
September 14, 2021
February 6, 2019