Kara L. Heggs

Ms. Heggs’ representations include:

• Agroberries (a company invested in by Continental Grain Company) in its investment in BerryWorld’s EMEA and Asia-Pacific businesses
• Waldencast Acquisition Corp. in its three-way merger with Obagi and Milk Makeup at an enterprise value of US$1.2 billion. Ms. Heggs also has advised on the integration of Waldencast plc with Obagi and Milk Makeup, including operational tax matters involving IP, services arrangements and withholding
• a consortium including The Travelers Companies, Inc., Capital Z Partners Management, LLC and Further Global Capital Management, L.P. as lead equity investors in Fidelis Insurance Holdings Limited’s (Bermuda) newly created US$3 billion premium Managing General Underwriter (MGU) and the MGU’s separation from Fidelis’ existing balance sheet companies
• Odyssey Acquisition S.A. in its:
  • US$1.7 billion merger with BenevolentAI. As a result of the merger, BenevolentAI became a publicly traded company. This is Europe’s largest-ever de-SPAC transaction
  • €300 million (US$356 million) initial public offering of units and listing on Euronext Amsterdam. This is the first Luxembourg incorporated SPAC to be listed on Euronext Amsterdam
• ViacomCBS, Inc. with the U.K. tax aspects of its joint venture with Comcast Corporation called SkyShowtime
• NCR Corporation in its US$1.7 billion acquisition of Cardtronics plc
• ST Energy Transition I Ltd. in its US$288 million initial public offering of SAIL (Stakeholder Aligned Initial Listing) securities consisting of one Class A share and one-half of one redeemable warrant
• H.I.G. Capital, LLC and its portfolio company Highbourne Group (United Kingdom) in Highbourne’s acquisition of SHPEP Ltd.
• Blue Whale Acquisition Corp I in its US$229 million initial public offering of units consisting of one Class A ordinary share and one-fourth of one redeemable warrant
• SDCL EDGE Acquisition Corporation in its US$200 million initial public offering of units consisting of one Class A ordinary share and one-half of one redeemable warrant
• the underwriters in the US$345 million initial public offering of units consisting of one Class A ordinary share and one-half of one redeemable warrant of Investcorp Europe Acquisition Corp I (Cayman Islands)
• United Talent Agency, LLC in its acquisition of Echo Location Talent Agency

Ms. Heggs also advises multinational groups on cross-border tax efficiencies in relation to their commercial operations. In recognition of her work, she was named one of Best Lawyers’ 2024 Ones To Watch.