Slaughters, CC and Linklaters score top roles on Arsenal takeover bid
Slaughter and May, Clifford Chance (CC) and Linklaters are among a line-up of firms to have won roles on US businessman Stan Kroenke's full takeover bid for Arsenal Football Club, which values the North London club at £731m. The deal has also handed roles to Herbert Smith and White & Case, with the duo advising on the financing. Kroenke, who has turned to CC City partner Tim Lewis for advice, agreed to launch a mandatory full takeover this weekend after his company Kroenke Sports Enterprises (KSE) acquired a majority stake in the club. He now holds 62.89% of shares in the Premier League club.
April 11, 2011 at 05:26 AM
2 minute read
Slaughter and May, Clifford Chance (CC) and Linklaters are among a line-up of firms to have won roles on US businessman Stan Kroenke's full takeover bid for Arsenal Football Club, which values the North London club at £731m.
The deal has also handed roles to Herbert Smith and White & Case, with the duo advising on the financing.
Kroenke, who has turned to CC City partner Tim Lewis for advice, agreed to launch a mandatory full takeover this weekend after his company Kroenke Sports Enterprises (KSE) acquired a majority stake in the club. He now holds 62.89% of shares in the Premier League club.
Kroenke first became an Arsenal shareholder in 2007 when he purchased a 9.9% stake. The deal to take over the rest of the shares has been priced at £521.5m.
The mandatory full takeover proceedings were launched after KSE bought the shares of shareholders Danny Fiszman (16.1%) and Lady Nina Bracewell-Smith (15.9%).
Arsenal has turned to regular corporate adviser Nigel Boardman at Slaughter and May, while Herbert Smith City corporate partner Malcolm Lombers is advising Deutsche Bank London, Kroenke's financial adviser.
Linklaters is advising Bracewell-Smith with a team led by City corporate partner Ian Bagshaw, while Edwin Coe M&A partner Russel Shear is acting for Fiszman.
White & Case is acting for the lenders, Deutsche Bank NY, with a team comprising banking partners Jake Mincemoyer and Jeremy Duffy and corporate partners Philip Broke and Greg Stonefield in London, as well as New York banking partner David Joyce.
The deal comes one year after CC sealed the hire of top-rated M&A partner Lewis from Macfarlanes.
Slaughters also advised Arsenal last year on the launch of the Arsenal Fanshare scheme, which saw portions of shares in the club made available to supporters at affordable prices. Nabarro represented the Arsenal Supporters' Trust, while Eversheds advised the Fanshare scheme administrators Equiniti.
Arsenal's general counsel is Svenja Geissmar, who joined the club in 2009 from her own media law consultancy.
Related:
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
© 2025 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 All
Hengeler, Noerr, Freshfields Steer Multi-Million Euro Deals for XXXLutz, Huf Group & More
3 minute read
Goodwin Enlisted for $1.15 Billion GSK Acquisition of US Biopharma Business
Freshfields Leads European M&A Rankings Again in 2024, as U.S. Firms Gain Market Share
5 minute read
Trending Stories
- 1Cybersecurity Breaches, Cyberbullying, and Ways to Help Protect Clients From Both
- 2AI in 2025: Five Key Predictions on How It Will Reshape International Law Firms
- 3Justice Known for Asking 'Tough Questions' Resolves to Improve Civility
- 4Robinson & Cole Elects New Partners and Counsel
- 5'If the Job Is Better, You Get Better': Chief District Judge Discusses Overcoming Negative Perceptions
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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
