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International Edition

New book highlights Sullivan lawyer's central role in bank bailouts

It's not news that Sullivan & Cromwell's Rodgin Cohen was among the handful of key players who determined the course of last year's federal bailout. In 2008, The American Lawyer named him Dealmaker of the Year because of his involvement in almost every key bailout deal, from helping AIG secure its initial $85bn (£51bn) lifeline, to convincing Goldman Sachs to become to a bank holding company and advising Lehman Brothers before it filed for bankruptcy.
3 minute read

International Edition

BDO/Jomati research reveals one third of firms expect a merger in next 12 months

One in three law firm managers expect to be involved in a merger or acquisition during the next year, according to joint research published by accountancy firm BDO and legal consultancy Jomati. The survey, which canvassed the opinions of management at 55 UK and international firms, reveals that two thirds of law firms have been involved in some form of merger or acquisition talks during the last 12 months, with 82% of those questioned stating that consolidation will be the greatest force for change in the legal sector in the coming years.
2 minute read

International Edition

CC, Freshfields and Latham lead on billion-pound Barclays stake sale

Clifford Chance (CC), Freshfields Bruckhaus Deringer and Latham & Watkins have taken key roles on Qatar Holdings' sell-off of part of its stake in Barclays Bank. The sale - which amounts to around 50% of the warrants the Middle East investment company acquired last October - could raise in the region of £1.4bn, £750m of which will be paid to Barclays.
2 minute read

International Edition

Freshfields reshuffles corporate: can the winning streak continue?

Good bench, strength in depth, sensible management and flair - you would be forgiven for thinking Deal Week has lapsed into football punditry. But even if it can't match the glamour of the Premier League there's one team that currently gets City lawyers reaching for the sporting superlatives: Freshfields Bruckhaus Deringer's on-form corporate practice.
3 minute read

International Edition

Freshfields, CC lead on CVC's $2bn buyout of AB InBev CEE breweries

Freshfields Bruckhaus Deringer has advised key private equity client CVC Capital Partners on the biggest buyout of the year so far. CVC has agreed a deal worth $2.23bn (£1.36bn) to purchase the Central and Eastern European operations of Anheuser-Busch InBev across nine countries, in one of the largest private equity deals ever carried out in the region. The acquisition will give CVC control of the Staropramen beer brand.
2 minute read

International Edition

M&A pioneer and ex-Cravath lawyer Wasserstein passes away at 61

Bruce Wasserstein, the most famous lawyer-turned-banker, has died at the age of 61. The former Cravath Swaine & Moore corporate lawyer died yesterday (14 October) after being taken to hospital with an irregular heartbeat at the weekend.
2 minute read

International Edition

Editor's comment: Merging with Godot

Whatever your view of the proposed tie-up between Lovells and Hogan & Hartson, what many managing partners on both sides of the pond will be thinking is what - if anything - the talks mean to their strategy. Should UK firms be dusting off those US ambitions?
3 minute read

International Edition

Freshfields appoints new leadership duo in corporate reshuffle

Freshfields has reshuffled the internal management of its corporate practice, appointing new leaders for two of its four London teams. Former global co-head of private equity Chris Bown takes over from Ed Braham to lead the largely private equity-focused 'team B'. This followed Braham's appointment as Freshfields head of corporate in August this year.
2 minute read

International Edition

A&O takes top role on €1bn leveraged finance deal

Allen & Overy (A&O) has advised on the €1.025bn (£955m) financing of the acquisition of a majority stake in Italian natural gas distributor Enel Rete Gas (ERG). The magic circle firm drafted in a team from its City headquarters to advise a consortium of 11 banks financing the deal, led by longstanding clients JP Morgan and Banca IMI. London projects partner Conrad Andersen took the lead for A&O, with leveraged finance chief Tim Polglase assisting.
2 minute read

International Edition

Debevoise and Simpson Thacher lead on $2.15bn AIG sell-off

Debevoise & Plimpton and Simpson Thacher & Bartlett have picked up lead roles on AIG's sale of its life insurance business in Taiwan to a Hong Kong-based investment company. Primus Financial will pay $2.15bn (£1.35bn) to acquire AIG's Nan Shan unit, Taiwan's third-largest life insurance company by total premiums.
2 minute read

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