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International Edition

Former Freshfields finance chief takes on consultancy role

Former Freshfields Bruckhaus Deringer finance head Perry Noble has joined southeast firm DMH Stallard as a consultant. Noble, who retired from Freshfields last Autumn, will work with DMH's corporate and finance groups as the firm rolls out a three-year growth and development plan aiming to position it a viable alternative to City firms.
2 minute read

International Edition

DLA Piper signs up Linklaters partner for EMEA corporate team

DLA Piper has bolstered its Europe, Middle East and Africa (EMEA) corporate practice with the addition of Linklaters partner Jon Hayes. Hayes, who trained at the magic circle firm and became a partner in 2001, joins DLA today (1 September) with the aim of boosting client ties with London corporates and international clients. He will work alongside DLA's EMEA corporate head Juan Picon. Hayes said: "The practice has a strong, upper mid-market reputation in London and fantastic international capabilities that will provide me with a great platform from which to develop relationships with clients whose legal needs extend beyond single transactions or are truly global."
2 minute read

International Edition

Kirkland set for second Asia base with Shanghai office launch

Kirkland & Ellis is set to launch in Shanghai after receiving approval from the Chinese Ministry of Justice. The Chicago leader will open the new office towards the end of this year - marking its second office in the region following its 2006 Hong Kong launch. Kirkland plans to integrate the two offices and will relocate Hong Kong private equity partner Xiaoyang Li to lead the Shanghai practice. Corporate partner Chuan Li will also transfer to the new base from Hong Kong.
2 minute read

International Edition

Herbert Smith wins role alongside Davis Polk on $3bn pharma M&A deal

Herbert Smith has picked up a role advising drug company Warner Chilcott on the UK aspects of its $3.1bn (£1.8bn) acquisition of the pharmaceutical business of Procter & Gamble (P&G). The City firm advised regular client Warner Chilcott alongside Davis Polk & Wardwell, with the deal approved earlier this week (24 August).
2 minute read

International Edition

Former Hogan UK corporate chief takes non-exec role at tech company

Hogan & Hartson's former UK corporate head Jonathan Coppin has emerged as a non-executive director at Yorkshire technology company Metalysis. Coppin spent more than 20 years as a City lawyer, including stints as a partner with Norton Rose and Shearman & Sterling, before announcing his intention to leave Hogan and the law in November 2007.
2 minute read

International Edition

Cleary advises on billion-dollar takeover of stricken US bank

Cleary Gottlieb Steen & Hamilton has taken the lead role on financial services company BBVA Compass's acquisition of Guaranty Financial Group, a Texas-based bank teetering on the edge of bankruptcy. Last Friday (21 August) the Federal Deposit Insurance Corporation (FDIC) took possession of Guaranty, before turning it over to BBVA, which gained $12bn (£7.3bn) in assets and $11.5bn (£7bn) in liabilities.
2 minute read

International Edition

Sullivan's City arm takes lead role on $2bn Rio Tinto sell-off

Sullivan & Cromwell's London office has sealed its second deal for Rio Tinto in little more than a month, advising on the $2bn (£1.2bn) disposal of four packaging business units of its subsidiary Alcan. The mining giant is offloading Alcan's tobacco and drugs packaging units as well as its European and Asian food packaging arms to Australian group Amcor.
2 minute read

International Edition

CC and Freshfields help VW and Porsche tie the knot

Clifford Chance (CC) and Freshfields Bruckhaus Deringer have advised Volkswagen and Porsche as the two European car icons took the first step in creating a combined company that could challenge Toyota's dominance in global auto sales. Under the terms of the new merger agreement, VW will initially spend $4.7bn (£2.9bn) to acquire a 42% stake in Porsche as the first step in a long-term combination that will be finalised by 2011. Volkswagen will issue new stock in 2010 to fund that purchase.
2 minute read

International Edition

CC corporate crime trio join DLA Piper in Germany

DLA Piper has hired a three-lawyer corporate crime team from Clifford Chance (CC) in Germany, including Frankfurt-based partner Juergen Taschke. Taschke will join DLA Piper's Frankfurt office on 1 September along with two associates.
2 minute read

International Edition

Memery Crystal lines up alongside Freshfields on £532m takeover deal

London boutique Memery Crystal has won a role opposite Freshfields Bruckhaus Deringer on the £532.1m acquisition of Emerald Energy by China's Sinochem. The firm is a longstanding adviser to FTSE 250 company Emerald Energy and is fielding a team of lawyers led by London corporate partner Andrew Titmas on the deal. The mandate sees the firm advising opposite Freshfields, which was drafted in to act for state-owned Sinochem on Sinochem Resources UK's recommended acquisition of Emerald Energy, which is still awaiting shareholder approval.
2 minute read

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