Hilary Prescott

Partner at Covington & Burling LLP

Hilary Prescott

Hilary Prescott

Partner at Covington & Burling LLP

Biography

Covington & Burling LLP
Hilary Prescott
Partner

Hilary Prescott is a partner in the firm’s London office with a broad range of corporate and advisory experience. Her practice focuses on financial services regulation (in particular securities and financial services regulatory issues in relation to the investment industry) and private equity and other investment funds, including fund formation, primary investment, secondary transactions and co investments. Ms. Prescott has over 20 years of experience in the corporate and commercial field. In addition to her work involving the investment industry, Ms. Prescott has advised on numerous cross border mergers and acquisitions, venture capital investments, international joint ventures and other strategic alliances and corporate restructurings. She also serves as primary outside counsel for a number of US corporations that have entered the European market.
Representative Matters

Advised on draft EU legislation regulating alternative investment fund managers and OTC derivatives.
Advised on the application of the Payment Services Directive to various client activities.
Represented the sponsor of several Guernsey domiciled funds and their subsequent listing on the Irish Stock Exchange.
Represented a fund of funds on the acquisition of a significant portfolio of secondary interests.
Represented a fund of funds and a family office on their investment in a co investment fund established to finance a $645 million acquisition of two business divisions from a US based conglomerate.
Represented a fund of funds and a Canadian pension fund on a primary investment in a UK based fund.

Represented a major international pharmaceutical company on European integration issues arising out of acquisition of another business in the same sector.
Represented a US biotech company on the restructuring of its operations in France, Germany, Italy and the UK.
Represented a group of investors on their venture capital investment in an Irish company in the IT security sector.

Honors and Rankings

Guide to the World's Leading Women in Business Law, Leading Practitioner in Investment Funds (2012)
Euromoney Legal Media Group, shortlisted for Europe Women in Business Law Awards for Investment Funds (2012)

Publications

"The EU Alternative Investment Fund Managers Directive: Impact on non-EU Fund Managers," Covington Advisory (1/22/2013), Co-Author
"Proposed European Regulation of Alternative Investment Fund Managers: Impact on Non-EU-Based Fund Managers," Covington E-Alert (9/1/2009), Co-Author
"Directors and the Companies Act 2006," Covington E-Alert (10/7/2007), Co-Author

Presentations and Speeches

"AIFMD - Getting Ahead of Private Equity Managers," Webinar (2/4/2013)

Practices

Corporate

Private Equity


Private Funds


Venture Capital & Emerging Companies

Industries

Life Sciences

Financial Services
Education

University of Sussex, 1982
with honors
University of Konstanz, Germany, 1981

Bar Admissions

Solicitor of the Senior Courts of England and Wales

Languages

German

Overview
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935

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Partner at Covington & Burling LLP

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Partner at Covington & Burling LLP

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Partner at Covington & Burling LLP

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Executive Director at Covington & Burling LLP

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General Counsel at Covington & Burling LLP

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Co-Chair of the Venture Capital/Emerging Company Practice Group at Covington & Burling LLP

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Chairman, Corporate Practice at Covington & Burling LLP

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Former Managing Partner at Covington & Burling LLP

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Partner at Covington & Burling LLP

Relationship likelihood: Strong

Partner at Covington & Burling LLP

Relationship likelihood: Strong

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Hilary Prescott
Partner at Covington & Burling LLP
Career History
Partner
Tenure Unconfirmed

Covington & Burling LLP provides legal consulting services. They represent clients in litigation, white collar defense, transactional, governmental affairs, international, life sciences and other matters. The firm offers legal services related to intellectual property, international trade, mergers & acquisitions and tax practices. The company was founded by J. Harry Covington and Edward B. Burling on January 1, 1919 and is headquartered in Washington, DC.

Transactions
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Sosei Group Corp. purchases Heptares Therapeutics Ltd. from MVM Partners LLP, Novartis Venture Fund, Takeda Ventures, Inc., Clarus Ventures LLC

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Lombard Medical, Inc. issued USD Ordinary Shares

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Vubiquity, Inc. purchases On Demand Group Ltd. from SeaChange International, Inc.

Other Affiliations

Hilary Prescott is affiliated with Covington & Burling LLP

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Hilary Prescott. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Hilary Prescott's profile does not indicate a business or promotional relationship of any kind between RelSci and Hilary Prescott.