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International Edition

Links take banks role as Freshfields, Slaughters lead on Royal Mail IPO

Linklaters, Freshfields Bruckhaus Deringer and Slaughter and May are playing key roles on the Government's plans to privatise Royal Mail. The sale has been heralded as Britain's most ambitious privatisation since former Prime Minister John Major broke up and sold the railways in the 1990s.
3 minute read

International Edition

Linklaters shakes up international board with four new appointments

Linklaters has appointed four new members to its international board, including capital markets Paul Lewis, in a reshuffle of the firm's senior governance body. Lewis replaces financial regulation chief Michael Kent as the joint representative for the London finance and projects group.
2 minute read

International Edition

Sullivan and Simpson Thacher advise on £3.1bn Japan listing of Suntory unit

Simpson Thacher & Bartlett and Sullivan & Cromwell have scored lead roles on the $4.7bn (£3.1bn) initial public offering (IPO) of Suntory Holdings's non-alcoholic drinks arm, Suntory Beverage & Food (SB&F). The Japanese drinks giant received approval for the listing the subsidiary business last week, which it plans to list on the Tokyo Stock Exchange in July with 125.2m shares up for sale at Y3,800 (£24.72) each.
2 minute read

International Edition

Simpson Thacher and Kirkland advise on Hong Kong IPO of Chinese luxury car dealer

Simpson Thacher & Bartlett and Kirkland & Ellis have advised on the Hong Kong listing of China Harmony Auto Holding. The two US firms closed the deal this week, with the luxury car dealer reportedly selling 275 million shares at HK$6.08 to HK$8.88 each in the hopes of raising HK$2.4bn (£203m).
2 minute read

International Edition

CC and Hogan Lovells advise as Empire State IPO gets go-ahead

Clifford Chance (CC) and Hogan Lovells are advising on the high-profile initial public offering (IPO) of New York's iconic Empire State Building, which has this week received shareholder approval to proceed. The IPO, which is expected to raise at least $1bn (£660m), has received backing from more than 80% of investors in Malkin Holdings, the owner of the Manhattan skyscraper.
2 minute read

International Edition

CC and Latham advise on Singapore's second biggest IPO this year

Clifford Chance (CC) and Latham & Watkins have acted alongside Allen & Gledhill (A&G) and Wong Partnership on the Singapore listing of Asian Pay Television Trust (APTT), the Asian city-state's second biggest IPO this year. The investment vehicle, which will own Taiwan's third-largest cable TV operator, Taiwan Broadband Communications (TBC) Group, has priced its IPO at S$0.97 (£0.51) per unit, in the hopes of raising S$1.4bn (£734m) from the listing.
3 minute read

International Edition

Cautious optimism reigns across industry as partners hope for economic bounceback

As the number of firms announcing redundancy consultations this week continued to rise – with news of widespread cuts at Berwin Leighton Paisner – new research from Legal Week has found a surprising degree of business confidence among partners in UK law firms. Results of the latest Big Question survey how that more than 90% of partners expect to see revenues climb at their own firm over the next 12 months, with more than 80% expecting the same to be true across the UK's 50 largest law firms by revenue as a whole. The research found more than half of respondents (53%) expect to see revenue at their own firm climb by more than 5% over the coming year, with a further 41% predicting more modest increases of between 0% and 5%. Meanwhile, only 6% of partners expect to see their firm's revenues fall.
5 minute read

International Edition

The Transfer Window: recent moves including Latham, CC and A&O

Latham & Watkins has turned to Norton Rose for its latest London partner hire, recruiting banking partner Dean Naumowicz for its City finance team. Naumowicz, who joined Norton Rose as a partner in 2006 from Barclays Capital, focuses on derivatives and structured finance. Roles he has taken on recent deals have included acting for project company Societa di Progetto Brebemi on a €2.3bn (£1.9bn) toll motorway project in Italy, on which he worked with a team of lawyers from the firm's Milan office.
8 minute read

International Edition

Transfer Window Asia: recent moves including Hogan Lovells and K&L Gates

Hong Kong law firm Deacons has added to its corporate team with the hire of private equity partner Robert Woll from Wilmer Cutler Pickering Hale and Dorr (WilmerHale). Woll, who headed the US firm's Beijing office for six years, is a specialist in M&A and private equity transactions, and deals involving venture capital and real estate investment funds.
6 minute read

International Edition

CC and A&O among international quartet on key Hong Kong IPO double

Clifford Chance (CC) and Allen & Overy (A&O) have landed lead roles on two key Hong Kong initial public offerings (IPOs), working opposite US outfits Davis Polk & Wardwell and Kirkland & Ellis respectively. The planned listings of state-owned brokerage China Galaxy Securities Co and Sinopec Engineering (Group) Co, a wholly owned subsidiary of Asia's biggest oil refiner, Beijing-based Sinopec Group, are said to be the biggest IPOs in Hong Kong so far this year.
3 minute read

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