Deal Week Dispatch: 25/7/2007
Deal Week Dispatch brings readers an early taster of news from Legal Week's unparalleled Deal Week section, with Allen & Overy, Dentons and Gibson Dunn among the deal-doers.
July 25, 2007 at 05:08 AM
3 minute read
Deal Week Dispatch brings readers an early taster of news from Legal Week's unparalleled Deal Week section.
M&A
Allen & Overy corporate partner Jeremy Parr (pictured) is advising Imperial Tobacco on an £11bn takeover bid for Spanish tobacco company Altadis. Norton Rose corporate partner Nick Adams is advising Altadis alongside Spanish counsel Garrigues. Ashurst is advising funding banks Citi, ABN Amro, Lehman Brothers and Morgan Stanley, led by corporate partner Nicholas Holmes.
Speechly Bircham corporate partner Tom Shaw has advised PA Consulting Group on its sale of shares in human resources consultancy Cubiks Group. Cubiks was advised by Laytons corporate partner Neale Andrews, while Stephenson Harwood associate Michael Wrigley advised Bank of Scotland, which funded the transaction.
Denton Wilde Sapte corporate partner Jeremy Cohen has advised Brightview on the sale of its main operating company, Brightview Group, to BT for £15.8m. BT was advised by Addleshaw Goddard corporate associate Richard Thomas.
FINANCE
Gibson Dunn & Crutcher's London office, led by finance partner Tom Budd, has advised Dutch-listed electrical materials distributor Hagemeyer on a €545m (£367m) debt re-financing. Clifford Chance's Amsterdam office, led by banking partner Alistair McGillivray, advised arranging banks ABN Amro, Rabobank, Fortis Bank, ING Bank and NIBC Bank.
Allen & Overy banking partner George Link has advised Barclays Capital, Credit Suisse, Goldman Sachs, Merrill Lynch, Lehman Brothers and ABN Amro as lead arrangers on €2.48bn (£1.65bn) of debt facilities to finance Edam Acquisition's purchase of an 81% stake in Dutch TV giant Endemol. Freshfields Bruckhaus Deringer finance partner Presley Warner advised Goldman Sachs Capital Partners and Clifford Chance Amsterdam partner Joachim Fleury advised Edam.
Ashurst finance partner Michael Smith has advised Deutsche Bank as arranger of a €371.5m (£250m) collateralised debt obligation with varying classes of bonds issued by Irish Stock Exchange-listed special purpose vehicle OCI Euro Fund. Milbank Tweed Hadley & McCloy, led by London capital markets partner James Warbey, acted for investment manager Octagon Credit Investors and Allen & Overy, led by tax counsel John Brouwer, acted as Dutch counsel to the issuer.
PROPERTY
Clifford Chance real estate partner Jonathan Solomon advised Canary Wharf on the £290m sale and agreement for subsequent construction of a new London headquarters for Fitch Ratings. Travers Smith property partner Simon Rutman advised Fitch's parent company, Fimalac, on the contract.
IPO
Addleshaw Goddard Manchester corporate partners Paul Devitt and Nancy Kelsall advised Norcros on its £116m placing and initial public offering (IPO) on the London Stock Exchange. DLA Piper Manchester M&A partner Stephen Devlin advised the sponsor, Altium. Clifford Chance corporate banking partner Richard Sharples advised Norcros on new banking facilities and Travers Smith corporate partner Philip Cheveley advised Norcros' institutional shareholders.
Herbert Smith corporate partner Chris Haynes has advised moneysupermarket.com on its intended IPO on the London Stock Exchange. The float later this month is predicted to generate up to £1.3bn. The IPO is being underwritten by Credit Suisse, advised by Freshfields Bruckhaus Deringer capital markets partner Julian Makin.
In Deal Week tomorrow…
Don't miss tomorrow's edition of Legal Week for commentary on SJ Berwin's battle for British Land, plus deals from firms including Norton Rose, Taylor Wessing and Travers Smith.
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David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
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