Scott Senecal’s practice focuses on cross-border M&A transactions and joint ventures, while he also has advised on financings and securities offerings.

Scott joined the firm in 1989, becoming counsel in 1999 and partner in 2005. From 1996 until its closure in 2022, Scott headed the firm’s Moscow Office.  He has worked in the New York, London, and Hong Kong offices, and in 1993 was stationed in Kuwait, where he advised on war reparation claims and on sovereign borrowings and asset management. In 2022, Scott joined the Abu Dhabi Office.

During his tenure in Moscow, Scott advised on many prominent and award-winning transactions, including the largest private equity, sovereign wealth fund, Gulf and Chinese equity investments ever made into Russia, as well as numerous share and bond offerings and complex financings. Chambers has consistently ranked him as an Eminent Practitioner / Band 1 M&A practitioner.

Notable Experience

M&A / Corporate

  • In aggregate, advising on more than 30 M&A transactions involving aggregate consideration of more than $30 billion

  • Advising sovereign wealth funds on a wide variety of direct investments and related shareholder agreements and financings, across a variety of sectors, including oil & gas, petrochemicals, aluminum, shopping malls and health clubs

  • Advising sovereign wealth funds in their investment and participation in prominent infrastructure projects using public-private partnerships, such as the St. Petersburg Pulkovo Airport and the St. Petersburg Western High-Speed Diameter Toll Road

  • TPG over the life cycle of its investment into the Lenta hypermarket business, including: its original investment; a subsequent shareholder dispute leading to a $1.44 billion sale by the rival shareholders of its 44% holding to TPG and aligned shareholders; Lenta’s IPO and follow-on share/GDR offerings and its share buy-backs; Lenta’s purchase of Kesko’s Russian hypermarkets business; and the exit sale by TPG of its remaining 34% holding for $599 million in 2019; as well as advising Lenta on the resulting $640 million mandatory tender offer (MTO) by the buyer and Lenta’s subsequent re-domiciliations to Cyprus then Russia and its purchase of the Utkonos e-commerce platform (2009-2021)

  • TPG and FESCO over the life cycle of TPG’s investment into the FESCO shipping/logistics business, including TPG’s original investment to take an indirect stake of 17.5% in FESCO and related shareholder agreements with Summa Group, FESCO’s high-yield bond issuance and its restructuring, corporate governance matters, and TPG’s exit sale (2012-2020)

  • Finnish companies in their exit sales from Russia, including the sale by Oriola of its pharmaceutical business to Pharmacies 36.6 (2014) and by POSTI of its Russian logistics business Itella to Tablogix (2021)

  • Magnit in its $1.18 billion acquisition of the DIXY retail chain from Mercury Retail Group Limited (2021)

  • SIBUR in connection with SINOPEC’s strategic partnership with SIBUR and acquisition of a 10% shareholding in the company, the largest equity Chinese investments into a Russian business, and the follow-on acquisition of a further 10% shareholding by the Silk Road Fund (2015/2017)

  • Kazakh mining and minerals company Eurasian Resources Group (ERG) in a variety of matters, including: long- and short-term offtake supply contracts; multiple billion dollar financings; and multiple M&A mandates (from 2008)

  • Alenia (part of the Finmeccanica group) over the lifespan of its participation in the $2 billion project to engineer, manufacture, fit-out and market the Super Jet-100, the first post-Soviet Russian passenger aircraft, and its ultimate exit from the venture (2007-2016)

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Capital Markets

  • A sovereign wealth fund as an anchor investor in the $672 million NASDAQ-listed IPO of Sportradar Group AG, a Swiss-based sports data and sports gaming business (2021)

  • A sovereign wealth fund and a private equity firm in their $50 million PIPE investment into Kismet and subsequent $132 million NASDAQ-listed IPO of the game-developer Nexters (2021)

  • Handling various IPOs, other equity issuances, Eurobonds and MTN programs for Russia’s largest oil and gas companies and banks (1995-2015)

  • Lenta in its IPO and two follow-on offerings of GDRs dually-listed in LSE, for an aggregate sales price of $1.5 billion, and its buyback program (2014-2019)

  • The Republic of Armenia in its debut $700 million Eurobond; and three subsequent Eurobond offerings involving simultaneous buy-backs (2013-2021)

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Finance

  • Tatneft in over $7 billion of financings, including the $2 billion project financing for the construction of its TANECO oil refinery

  • A gas company in over in over $4.3 billion of syndicated loans, including a complex inter-syndicate financing for a trans-Black Sea pipeline, cited by the International Financial Law Review as its international project finance deal of 2000

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Publications

Events