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International Edition

A&O bulks up in Germany with hire of Lovells and Dewey partners

Allen & Overy (A&O) has moved to significantly bolster its German practice with the hire of three partners from Lovells and Dewey & LeBoeuf. Frankfurt-based litigator Daniel Busse is set to leave Lovells along with two associates to take up a role as head of A&O's German dispute resolution practice, having been a partner at Lovells since 2004.
2 minute read

International Edition

Bingham signs up former NY Stock Exchange enforcement chief

Bingham McCutchen has sealed the hire of the former enforcement head at the regulatory arm of the New York Stock Exchange (NYSE), reports The Am Law Daily. Susan Merrill, who spent a total of six years as head of enforcement for the NYSE's regulatory arm and the entity that succeeded it, will join Bingham's broker-dealer group in New York this week.
2 minute read

International Edition

Nabarro signs off £1bn emerging markets listings triple

Nabarro's corporate team has closed £1bn worth of emerging market listings within a week, rounding off a successful first quarter for the firm. In late March, the UK top 25 firm advised Arden Partners as financial adviser to Indian power supplier KSK on its move from the Alternative Investment Market (AIM) to a secondary listing on the Official list with a market capitalisation of £800m.
2 minute read

International Edition

Simmons wins debut role for Rafferty on $3.5bn Euronext listing

Simmons & Simmons has advised new client Rafferty on a $3.5bn (£2.3bn) Euronext listing. Simmons advised the US investment firm and its investment vehicle Direxion Shares EFT Trust on its first foray into the European market - the listing of six of its 34 active exchange traded funds (EFT) on Euronext Amsterdam.
2 minute read

International Edition

Freshfields and Linklaters act on tech company's £400m IPO

Magic circle duo Freshfields Bruckhaus Deringer and Linklaters have won lead roles on Promethean World's £400m initial public offering (IPO). Interactive learning technology company Promethean, which makes high-tech whiteboards, handheld learning systems and electronic equipment for the classroom, priced at £2 per share, giving it a market capitalisation of £400m.
2 minute read

International Edition

Herbert Smith hires Linklaters' former London US head

Herbert Smith has bolstered its City capital markets group with the hire of the former head of Linklaters' US practice in London. Steve Thierbach is set to join the top 10 City law firm as a partner next month (6 April) and will work closely with the firm's capital markets head, Jim Wickenden.
2 minute read

International Edition

Ashurst leads on insurer's planned £450m IPO amid turbulent market

Ashurst has advised product insurer CPP Group on its proposed £450m initial public offering (IPO). CPP, which runs insurance schemes for mobile phones and credit cards, has announced that it is planning to float on London's main market next month.
2 minute read

International Edition

Portuguese debt capital market profile on the rise

Over the last 18 months, the Portuguese capital markets have been stirred into life by a number of interesting trades, many involving the acquisition of shares in Portuguese-listed companies by foreign investors. This trend reached a new high in recent weeks when Brazilian industrial group Companhia Siderurgica Nacional (CSN) launched a takeover bid for Cimpor, a major Portuguese-based cement company. Two other Brazilian groups (Votorantim and Camargo Correa) have taken a significant interest in Cimpor, acquiring stakes in the company with deals for €1bn (£893m) and €1.3bn (£1.2bn) and generating additional excitement in the market.
3 minute read

International Edition

Pinsents and Freshfields take lead on buyout company's £418m listing

Pinsent Masons and Freshfields Bruckhaus Deringer have taken lead roles on the £418m listing of restaurant entrepreneur Hugh Osmond's corporate acquisition company Horizon on the London Stock Exchange. The initial public offering (IPO), which also handed an advisory role to Morrison & Foerster (MoFo), saw Horizon start trading stock on 9 February.
2 minute read

International Edition

Shearman and Linklaters strike gold on billion-dollar mining IPO

Shearman & Sterling and Linklaters have taken lead roles on Barrick Gold's spin-off of its African mining assets and subsequent listing on the London Stock Exchange. Canada's Barrick, the largest gold miner in the world, will list its Tanzanian mining assets as African Black Gold (ABG) with a pricing set to take place in the next fortnight.
2 minute read

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