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International Edition

Mills & Reeve line up with magic circle duo on Cambridge Uni bond issue

Mills & Reeve has taken a lead role alongside Clifford Chance (CC) and Linklaters on the University of Cambridge's 40-year, £350m bond issue. Morgan Stanley, HSBC and Royal Bank of Scotland are joint-managing the offering from the university, which last week received an AAA credit rating from Moody's. The move marks the university's first foray into the public market in its 800-year history.
2 minute read

International Edition

Taylor Wessing and RPC confirm new launch plans for Asia

Taylor Wessing and Reynolds Porter Chamberlain (RPC) have confirmed plans to open new bases in Asia, as UK law firm interest in the region shows no sign of abating.
2 minute read

International Edition

Herbert Smith transfers Hong Kong ECM associates to grapple with IPO slump

Herbert Smith has transferred associates from its equity capital markets team in Hong Kong to alternative practice areas and other regional offices, as it struggles to grapple with the slump in Asia's once flourishing IPO market.
2 minute read

International Edition

Norton Rose and Simpson act on C$1.1bn Apax Canada acquisition

Norton Rose and Simpson Thacher & Bartlett are among a line-up of firms on Apax Partners' C$1.1bn (£700m) acquisition of Canadian company GardaWorld Security Corporation.
2 minute read

International Edition

CC asks Singapore lawyers to take sabbaticals amid Asia slowdown

Clifford Chance (CC) has asked associates from its capital markets team in Singapore to take voluntary sabbaticals as the firm moves to cope with the dramatic slowdown in Asian securities work. The magic circle law firm is understood to have met with staff this week to offer them a percentage of salary and benefits if they accept the offer of leave between now and early 2013. It is unknown how many staff will be affected by the cost-cutting measure, but sources close to the matter indicate that it will be less than 10.
3 minute read

International Edition

A&O, Slaughters and Linklaters lead as RBS launches Direct Line IPO

Allen & Overy and Slaughter and May have landed roles advising the Royal Bank of Scotland (RBS) and Direct Line Group on Direct Line's London listing, which is set to value the insurance company at around £3bn. A&O is advising both Direct Line and its parent RBS, with a team led by London corporate partner David Broadley, alongside insurance partner Philip Jarvis and incentives partner Sylvie Watts.
2 minute read

International Edition

Kuala Lumpur: Asia's IPO champ?

The Malaysian capital has put in an impressive performance in the IPO market this year. But talk of challenging Hong Kong is premature, says Jessica Seah
5 minute read

International Edition

Mayer Brown and Stephenson Harwood push through two-year Africa energy listing deal

Mayer Brown and Stephenson Harwood have taken roles on the largest flotation of an oil and gas company on the London Stock Exchange - by finances raised - in the last five years. The complex deal, which took almost two years to complete, saw Eland Oil and Gas raise £118m on its Alternative Investment Market listing, enabling the company, in a joint venture with Starcrest Nigeria Energy, to acquire a 45% stake in the onshore Niger delta oilfield Oil Mining Lease 40 (OML 40) for $154m (£97m).
2 minute read

International Edition

Freshfields confirms details of imminent Singapore relaunch

Freshfields is to relaunch in Singapore office in the coming weeks, more than five years after the firm closed its former office in the Southeast Asian city-state. The magic circle firm has signed a lease on a new 8,000 sq ft office in Singapore's Ocean Financial Centre. Leading the new venture will be partner Stephen Revell, who oversees Freshfields' global capital markets practice, and who will relocate from Hong Kong.
3 minute read

International Edition

Cleary called in for Russia telecoms giant's £2.5bn London listing plans

Cleary Gottlieb Steen & Hamilton is advising Russian telecoms giant MegaFon on its potential £2.5bn London initial public offering (IPO). MegaFon, Russia's second largest mobile phone operator, was taken over this April by AF Telecom - the holding company of Russian businessman Alisher Usmanov. The company has since filed for permission to float a 20% stake, which could be worth as much as $4bn (£2.5bn).
2 minute read

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