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International Edition

Simpson Thacher to open Houston base with Vinson partner hire

Simpson Thacher & Bartlett is opening an office in Houston later this year with the addition of Vinson & Elkins capital markets partner Robert Rabalais, reports The Am Law Daily. "Opening in Houston is a natural outgrowth of our already strong and longstanding energy practice," firm chairman Philip Ruegger said in a statement. "The Houston office, with a resident partner as talented as Robert, will provide a tremendous benefit to our clients active in the oil and gas space." Rabalais will join the firm once the Houston office officially opens. He has represented clients including UBS, Credit Suisse and BNP Paribas.
2 minute read

International Edition

Linklaters and CC set for roles on landmark $10bn-plus Glencore IPO

Linklaters and Clifford Chance (CC) are in line to take lead roles on commodities trader Glencore's planned initial public offering (IPO), which is set to value the company at around $60bn ($36.7bn). The offering, likely to become the largest ever in London, will see the Swiss-based company sell a 20% stake worth between $10bn (£6.1bn) and $12bn (£7.3bn).
2 minute read

International Edition

Freshfields leads array of firms advising on German float

Freshfields Bruckhaus Deringer and Dechert are among a raft of advisers to pick up roles on the €386m (£340m) initial public offering (IPO) of German industrial parts maker Norma Group on the Frankfurt Stock Exchange. Freshfields and Dechert jointly advised the issuer - a portfolio company of private equity house 3i - with teams led by Frankfurt capital markets partner Andreas Koenig and Munich corporate partner Berthold Hummel respectively.
2 minute read

International Edition

Shearman and Sullivan land top roles on $11bn NYSE Euronext counterbid

Shearman & Sterling and Sullivan & Cromwell have won lead roles on Nasdaq OMX and the Intercontinental Exchange (ICE)'s $11.3bn (£7bn) bid for NYSE Euronext, reports The Am Law Daily. Nasdaq and ICE announced on Friday (1 April) that they had teamed up for the bid, around six weeks after German exchange Deutsche Boerse agreed to purchase the New York Stock Exchange's parent for $10bn (£6.2bn).
3 minute read

International Edition

Hogan Lovells boosts Asia capital markets with Singapore transfer

Hogan Lovells is adding its first dedicated capital markets partner in Singapore, with the relocation of London partner Andrew Carey to the office. Carey, who will join the five-partner office on 4 April, specialises in international securities offerings including corporate debt issues, high-yield and equity and asset-backed debt offerings.
2 minute read

International Edition

DLA enters Mongolia market with alliance deal

DLA Piper is set to enter the Mongolian legal market after securing an alliance with local firm C&G Partners. The two-partner Mongolian firm will become a DLA Piper 'focus firm', with DLA targeting local work in sectors including mining, capital markets, banking, project finance, hospitality and leisure and infrastructure. DLA Piper Asia-Pacific managing director Alastair Da Costa commented: "The relationship with C&G will enable the firm to have a presence in an emerging economy where our clients are doing increasing volumes of business.
2 minute read

International Edition

Weil adds partner to City capital markets team with Shearman hire

Weil Gotshal & Manges has added to its London capital markets practice with the hire of a new partner from Shearman & Sterling. Rob Ferguson, who will join Weil's partnership from his of counsel role at Shearman, has a mainly issuer-focused equity practice, and advises on a range of capital markets transactions including high yield and investment grade debt and equity offerings. His investment banking clients have included Barclays Capital, Credit Suisse, HSBC, Bank of America Merrill Lynch and Standard Chartered Bank.
2 minute read

International Edition

Simmons ECM team wins key corporate mandate from UBS

Simmons & Simmons has won its first major corporate instruction from banking giant UBS, with the firm's equity capital markets (ECM) team advising on a multimillion-pound deal. The top 15 City firm advised UBS Investment Bank as lead financial adviser, sole corporate broker and sponsor to Henderson Group on its February acquisition of Gartmore Group for £392m.
2 minute read

International Edition

Magic circle duo among five firms on record-breaking Singapore IPO

Freshfields Bruckhaus Deringer, Allen & Gledhill, Allen & Overy (A&O), King & Wood and Jun He Law Offices are advising on what could be the largest-ever initial public offering (IPO) in Singapore, writes The Asian Lawyer. Hutchison Port Holdings, the world's largest container port operator, is seeking as much as $4.2bn (£2.6bn) from its issue. According to the preliminary prospectus, the listing will also see an additional investment of $1.6bn (£993m) from investors including Singapore state investor Temasek Holdings, US hedge fund Paulson & Co and Cathay Life Insurance.
2 minute read

International Edition

CC and Bonelli advise as Prada gears up for Hong Kong listing

Clifford Chance (CC) and Italian leader Bonelli Erede Pappalardo have won advisory roles as Italian fashion group Prada eyes up a float on the Hong Kong Stock Exchange. Prada has instructed Bonelli on the deal, which could see the label valued at as much as $8.2bn (£5.1bn). The firm is fielding a team led by Milan corporate partner Carlo Montagna, who is working alongside Sergio Erede. Stefano Simontacchi is advising on tax aspects of the transaction.
2 minute read

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