Deal Watch: Energy, Pharma Deals Usher in Labor Day M&A
Amid a slow week for billion-dollar transactional announcements, one big-money deal remains on the table, likely keeping more than a few Am Law 100 lawyers busy before the holiday weekend.
September 03, 2015 at 01:36 PM
5 minute read
UPDATE: 9/8/15, 10:05 a.m. EDT. Freshfields Bruckhaus Deringer and Cleary Gottlieb Steen & Hamilton have landed lead roles on Tesco's $6 billion sale of its South Korean operations to MBK Partners, according to U.K. publication Legal Business.
Amid a slow week for billion-dollar transactional announcements, one big-money deal remains on the table, likely keeping more than a few Am Law 100 lawyers busy before the holiday weekend.
British grocery giant Tesco is reportedly mulling a $6.6 billion deal to sell its South Korean unit to Asian private equity firm MBK Partners. Tesco's South Korean operations are the company's largest outside the U.K., and a sale would bolster the struggling retailer's bottom line, as well as become the largest-ever private equity deal in South Korea.
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