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International Edition

Four firms score lead roles on latest Portsmouth FC buyout

A raft of City firms have scored roles advising on the sale of a majority stake in Portsmouth Football Club. Mayer Brown, Denton Wilde Sapte, Berwin Leighton Paisner and Taylor Wessing have all advised on Sulaiman Al Fahim's sale of a 90% stake in the football club to Saudi businessman Ali Al-Faraj.
2 minute read

International Edition

Orrick and Taylor Wessing sign up Clifford Chance partner trio

Orrick Herrington & Sutcliffe and Taylor Wessing have boosted their European practices with Clifford Chance (CC) partner hires. Orrick's French base, Orrick Rambaud Martel, has added former CC Paris partner Diane de Mouy as a partner in its finance team. Her practice focuses on infrastructure finance, asset finance and debt restructuring.
2 minute read

International Edition

Freshfields, Cleary and Salans head up $1.6bn Russian energy deal

A trio of international law firms have won roles on a $1.6bn (£1.0bn) Russian energy deal as Gazprom moves to grow its share of the market. Cleary Gottlieb Steen & Hamilton has advised Gazprom on the deal, which closed last week (23 September) and saw the Russian energy giant buy a 51% stake in SeverEnergia from Italian utility companies Enel and Eni.
2 minute read

International Edition

Freshfields and Bakers advise long-term clients on $7.1bn pharma buyout

Freshfields Bruckhaus Deringer and Baker & McKenzie have taken lead roles on Abbott Laboratories' $7.1bn (£4.5bn) acquisition of pharma company Solvay's drug unit, reports The Am Law Daily. Solvay turned to a team from Freshfields led by corporate partners Geert Verhoeven in Brussels and Timothy Wilkins in New York.
2 minute read

International Edition

Simpson Thacher and Cravath head up $6.4bn Xerox acquisition

A trio of US law firms have won roles on Xerox's $6.4bn (£4bn) purchase of business process outsourcing company Affiliated Computer Services (ACS). The deal, announced today (28 September), will see the US photocopier giant purchase ACS, handing roles to Cravath Swaine & Moore, Simpson Thacher & Bartlett and Ropes & Gray.
2 minute read

International Edition

Slaughters and Freshfields lead on Unilever's €1.3bn Sara Lee bid

Slaughter and May and Freshfields Bruckhaus Deringer have won key roles on Unilever's €1.275bn (£1.17bn) bid for the personal care division of Sara Lee. The deal, expected to close next year, will see Unilever aqcuire well-known brands such as Radox and Brylcreem
2 minute read

International Edition

Linklaters leads for Rio Tinto on asset disposal deal double

Linklaters has taken the lead role for regular client Rio Tinto on the latest of a string of asset disposals aimed at cutting the mining company's debt burden. Rio has sold Alcan Composites, part of Alcan's Engineered Products group, to Swiss company Schweiter Technologies for $349m (£218m). In a separate deal, Rio has sold a 56% stake in its Alcan Cable business to Platinum Equity for an undisclosed sum, putting the company on track to meet its stated target of paying off $15bn (£9.3bn) of debt in two years.
2 minute read

International Edition

EDF concludes legal restructuring after British Energy buyout

EDF Energy has finalised the restructuring of its UK legal function in the wake of last year's £12.5bn takeover of British Energy. General counsel and company secretary Jean MacDonald has overseen the overhaul, which has seen the combined legal teams split across five different functions: corporate; energy sourcing and customer supply; networks; governance and secretariat; and nuclear.
2 minute read

International Edition

Freshfields eclipses rivals in German M&A rankings

Freshfields Bruckhaus Deringer has dominated the German M&A market over the past three years, according to data from Mergermarket. Figures show the magic circle firm advised on nearly 40% more German M&A deals over the past three years than its nearest rival, with roles on 278 deals since 14 September 2006. This compares with second-placed Clifford Chance (CC) on 199 deals and third-placed CMS on 178 transactions.
2 minute read

International Edition

CC and Weil Gotshal land roles on $2.6bn Orangina Schweppes bid

Clifford Chance (CC) and Weil Gotshal & Manges have taken lead roles on Japanese drinks company Suntory's offer to buy Orangina Schweppes Group from two high-profile private equity funds, Lion Capital Holdings and the Blackstone Group. Weil Gotshal is advising Blackstone and Lion Capital, which purchased Orangina from Cadbury in 2006 for $2.1bn (£1.3bn). London office managing partner Mike Francies is leading the firm's team on the deal.
2 minute read

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