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Peter Banks

Partner

London

Banks Peter
Peter Banks

Partner

London

Peter is a private equity partner based in London and is part of our global private equity group. Peter has significant experience advising private equity funds and other financial sponsors on a range of cross-border M&A transactions, including buyouts, exits, joint ventures, partial sales, consortium arrangements and co-investments. Peter also spent six months seconded to the M&A team of a global pharmaceutical corporation.

"Peter Banks is commercial, experienced and pragmatic. He seeks solutions, not disputes and protects clients' interests." Legal 500 UK 2021

Peter is ranked as a "Highly Regarded" by IFLR1000and he is also listed as a Rising Star for Private Equity (Legal Week 2019, 40 under 40).

Noteworthy experience includes advising:

  • Exponent on its acquisition of TRS Foods and East End Foods from their respective founders.
  • PAI Partners and R+R Ice Cream on the joint venture with Nestlé to combine their worldwide ice cream businesses.
  • Bridgepoint on the sale of a minority interest in Element Materials Technology to Temasek.
  • TDR Capital on the sale of the International Car Wash Group to Roark Capital.
  • H.I.G. Capital on the acquisition of Vernacare from Palatine Private Equity.
  • 3i Group on the sale of Element Materials Technology Group to Bridgepoint.
  • NXMH on the acquisition of Bitstamp, the leading global cryptocurrency exchange.
  • OMERS Private Equity and AIMCo on the acquisition of Environmental Resources Management from Charterhouse Capital Partners.
  • Exponent on the acquisition of BBI Diagnostics from Alere.
  • H.I.G. Capital on the sale of Kondor Limited, the specialist provider of category management solutions for audio and mobile accessory products to DCC.

Experience highlights

Expertise

Practices

Corporate and M&A

Private Equity

Sectors

Private Equity

Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

View office →

Qualifications

Professional

Admitted as solicitor, England and Wales, 2009

Academic

LLB (Hons), Law, University of Bristol, 2005    

Published work

  • Peter Banks, John Geraghy and Oliver Bacon, (2020) “Will investment in the world’s ageing oil and gas basins ultimately pay off ?”, Private equity's upstream journey: Allen & Overy

News & insights

Shadows through glass staircase

News: 21 APRIL 2021

Allen & Overy announces 39 counsel promotions

Allen & Overy has promoted 39 lawyers to counsel. The new counsel, of whom 16 are women, are spread across 15 offices around the network. The promotions will be effective as of 1 May 2021.

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A&O performs well in Q1 2021 M&A league tables

News: 16 APRIL 2021

A&O performs well in Q1 2021 M&A league tables

A&O has marked the end of Q1 2021 with a good performance in the M&A league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets,…

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A&O advising on the creation of new Welsh mental health and substance misuse charity, Adferiad Recovery

News: 14 APRIL 2021

A&O advising on the creation of new Welsh mental health and substance misuse charity, Adferiad Recovery

A cross-practice team from Allen & Overy, working on a pro bono basis, is advising on the merger of four Welsh mental health and substance misuse charities and the creation of a new charity, Adferiad…

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Crashing waves

Publications: 22 APRIL 2020

Private equity’s upstream journey

Private equity interest in the E&P industry soared in the wake of the 2014 oil price crash. However, renewed appetite for upstream assets was not only predicted on exploiting commodity cycles.

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