A&O and CC among seven firms on Chilean company's $790m mining acquisition
Allen & Overy (A&O) and Clifford Chance (CC) are among seven firms to have won roles on Chilean conglomerate Sigdo Koppers' $790m (£500m) acquisition of Belgian cement and mining services company Magotteaux, reports The Am Law Daily. A&O took the lead advising Santiago-based Sigdo, a holding company for more than 40 industrial businesses in the heavy construction, engineering, manufacturing, and mining sectors.
September 21, 2011 at 07:03 PM
2 minute read
Allen & Overy (A&O) and Clifford Chance (CC) are among seven firms to have won roles on Chilean conglomerate Sigdo Koppers' $790m (£500m) acquisition of Belgian cement and mining services company Magotteaux, reports The Am Law Daily.
A&O took the lead advising Santiago-based Sigdo, a holding company for more than 40 industrial businesses in the heavy construction, engineering, manufacturing, and mining sectors.
Corporate partners Richard Cranfield, Pierre-Olivier Mahieu and Dominic Morris are leading a cross-border team representing Sigdo, while A&O finance partner Elizabeth Leckie is also working on the transaction.
The magic circle law firm handled due diligence issues in South Africa and India in tandem with Indian firm Trilegal.
Brazilian law firm Barbosa Muessnich & Aragao and Mexican firm Mijares Angoitia Cortes & Fuentes are also advising Sigdo, with Chilean firm Barros & Errazuriz serving as local counsel.
Magotteaux, a portfolio company of London-based private equity firm IK Investment Partners, turned to CC for lead counsel. David Walker, the firm's London-based global head of private equity, advised Magotteaux and IK on the transaction.
A team from Stikeman Elliott in Montreal led by corporate partner Gayle Noble is serving as Canadian counsel to Magotteaux on the deal, which was announced in late August.
Sigdo will acquire the company for about $680m (£430m). Including debt and other adjustments, the transaction's value increases to about $790m.
The Am Law Daily is a US affiliate title of Legal Week.
This content has been archived.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
A&O Shearman, White & Case Advise on €1.2B Public Takeover of German Steel Giant Salzgitter
3 minute read
Hengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute read
Slaughter and May and A&O Shearman Advise as Latest UK Company Goes American
3 minute readTrending Stories
- 1NJ Jury Awards $4.5M After Woman Trips on Carpet
- 2Blake Lively Is Sued by Texas Crisis Specialist in Latest 'It Ends With Us' Lawsuit
- 3Pa. High Court to Decide Whether Flight in a High Crime Area Can Result in an Investigative Stop
- 4EB-5 Immigration Investor Program: a Win-Win Program, or Is It?
- 5People in the News—Feb. 6, 2025—Unruh Turner, Fox Rothschild
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
