Ashurst and Osborne Clarke lead on Carphone Warehouse demerger
Ashurst and Osborne Clarke have taken lead roles on the demerger of Carphone Warehouse. Carphone Warehouse, Europe's biggest mobile phone retailer, announced details last month of how it is to split its TalkTalk fixed line voice and broadband business away from its retail arm to create two new holding companies.
February 11, 2010 at 09:24 AM
2 minute read
Ashurst and Osborne Clarke have taken lead roles on the demerger of Carphone Warehouse.
Carphone Warehouse, Europe's biggest mobile phone retailer, announced details last month of how it is to split its TalkTalk fixed line voice and broadband business away from its retail arm to create two new holding companies.
Osborne Clarke is acting for regular client Carphone Warehouse on the split, with head of corporate Adrian Bott and fellow corporate partner Jon King at the helm. They are working closely with an in-house team headed up by general counsel Tim Morris.
Bott has a longstanding relationship with Carphone Warehouse dating back to his time as a partner at Olswang. He has previously advised on deals including its 2006 joint venture with AOL and 2008′s $1.1bn (£703,000) tie-up with US electronics retailer Best Buy.
Ashurst is advising UBS and Credit Suisse as joint financial advisers on both the demerger and the plans to list both companies on the stock exchange by late March.
Corporate partner Steven Fox, who is leading the City firm's team, said: "The increased importance of investment banks to us across all practice areas, and the focus on them as a client class both at a corporate level and on the business side by individual partners and teams, has resulted in some excellent corporate finance bank mandates."
Freshfields Bruckhaus Deringer, Allen & Overy and DLA Piper have also won roles in relation to a related £1bn refinancing for the two companies. A&O advised ING and RBS as arranger and lender in relation to the facility for Carphone Warehouse and TalkTalk respectively, while Freshfields fielded a team advising Carphone Warehouse and TalkTalk on the debt restructuring of both companies. DLA Piper advised a syndicate of banks including Barclays on TalkTalk's debt.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllFreshfields, MoFo Act on $1.8B TOPPAN Deal As Japan's US Buying Spree Continues
Cox & Palmer to Merge with Benson Buffett in St. John’s, Canada’s Easternmost City
2 minute readTrending Stories
- 1Decision of the Day: Administrative Court Finds Prevailing Wage Law Applies to Workers Who Cleaned NYC Subways During Pandemic
- 2Trailblazing Broward Judge Retires; Legacy Includes Bush v. Gore
- 3Federal Judge Named in Lawsuit Over Underage Drinking Party at His California Home
- 4'Almost an Arms Race': California Law Firms Scooped Up Lateral Talent by the Handful in 2024
- 5Pittsburgh Judge Rules Loan Company's Online Arbitration Agreement Unenforceable
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
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.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250