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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

International Edition

IPO outlook - finely balanced but still tipping the wrong way

Equity capital markets (ECM) lawyers eyeing up another year of uncertainty must be wondering which will win out in 2011: irresistible force or immovable object? On one hand, you have the building pressure to tap the equity markets from the growing queue of companies that have been put off braving the market for more than two years thanks to tough market conditions. In theory, at some point issuers with solid stories for investors must accept that there will be no quick return to rosy valuations and just get on with it.
4 minute read

International Edition

Linklaters and Wachtell lead on Deutsche Boerse/NYSE merger

Linklaters and Wachtell Lipton Rosen & Katz have taken lead roles on the proposed merger between Deutsche Boerse and NYSE Euronext in a deal that looks set to create world's largest stock exchange by revenue and profits. Linklaters is advising longstanding client Deutsche Boerse on the proposed all-stock tie-up, which would see the merged business jointly based in New York and Frankfurt.
2 minute read

International Edition

Freshfields and A&O lead on London Stock Exchange's Canadian merger

Freshfields Bruckhaus Deringer has taken a lead role advising the London Stock Exchange (LSE) on its merger with TMX Group, which owns and operates the Toronto Stock Exchange. The magic circle firm is fielding a team led by corporate partners Philip Richards and Andrew Hutchings on the deal, which will combine Europe's and Canada's leading diversified exchange groups.
2 minute read

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