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International Edition

Magic circle trio advise on Aviva's £1bn sale of RAC to Carlyle

Slaughter and May, Clifford Chance (CC) and Linklaters have taken lead roles on Aviva's £1bn sale of its RAC roadside rescue business to Carlyle Group. Slaughters advised Aviva, fielding a team led by corporate partner Richard Smith, while CC acted for Carlyle on the acquisition, which comes after a bidding battle involving private equity houses including Clayton Dubilier & Rice, BC Partners and Bain Capital.
2 minute read

International Edition

Freshfields and BLP act on deal financing for resources group

Freshfields Bruckhaus Deringer and Berwin Leighton Paisner (BLP) have taken lead roles on natural resources giant Vallar's $2bn (£1.2bn) issuance of convertible bonds to acquire a 75% stake in Bumi Resources Minerals (BRM). BLP took the lead for new client BRM with a team headed up by Singapore managing partner Alistair Duffield, who joined the firm last year as a part of a six-strong team from Holman Fenwick Willan.
2 minute read

International Edition

Dealmaker: Simon Tinkler

CC's London corporate head on an early morning career epiphany and his hopes for private equity...
4 minute read

International Edition

A&O and Hogan Lovells drink to SABMiller's $10bn Foster's bid

Allen & Overy (A&O) and Hogan Lovells are advising on SABMiller's multibillion-dollar takeover bid for Foster's, reports The Am Law Daily. Foster's rejected an offer of approximately $10bn (£6.2bn) earlier this week, with SABMiller stating that the company will continue to pursue an agreement.
2 minute read

International Edition

GTM and Skadden head up $1.8bn AstraZeneca sell-off

Greenberg Traurig Maher (GTM) and Skadden Arps Meagher & Flom have taken lead roles on AstraZeneca's $1.8bn (£1.1bn) sale of its Swedish dental subsidiary Astra Tech to Dentsply International. GTM took the lead role for AstraZeneca on the sale, which came after a competitive auction process run by JP Morgan. London co-managing shareholders Paul Maher and Fiona Adams took the lead roles for the firm.
2 minute read

International Edition

Magic circle firms bank leading roles on multibillion-pound Santander bond issue

A trio of magic circle firms have advised on Santander's £3.75bn bond sale, in one of the biggest UK residential mortgage-backed securities deals since the financial crisis. Slaughter and May took the lead role for Santander, while Allen & Overy (A&O) acted for the joint bookrunners, which comprised Barclays Capital, JP Morgan, Morgan Stanley and Santander Global Banking & Markets. Linklaters also won a role on the transaction advising the trustee.
2 minute read

International Edition

Freshfields, Kirkland and Herbert Smith line up on £636m Avis takeover

Freshfields Bruckhaus Deringer, Kirkland & Ellis and Herbert Smith have taken roles on the £636m takeover of Avis Europe by its US counterpart Avis Budget, 25 years after the two companies were originally separated. Kirkland is advising Avis Budget, fielding a multijurisdictional team led by corporate partners David Fox in New York and Graham White in London. The US firm's team also included finance partners Ashley Gregory and Neel Sachdev in New York and London respectively.
2 minute read

International Edition

Linklaters high yield hire heads up firm's team on House of Fraser bond issue

Linklaters and Latham & Watkins have taken lead roles on department store group House of Fraser's £250m bond issue. The issuance, part of an effort by the company to refinance debt taken on when it was taken private in 2006, saw Linklaters take the lead role for House of Fraser. The magic circle firm's team was led by high yield partner Mark Hageman, who joined last year from US firm Cravath Swaine & Moore.
2 minute read

International Edition

Bakers and Addleshaws lead as Jones Lang acquires King Sturge for £197m

Baker & McKenzie and Addleshaw Goddard have taken lead roles on the £197m merger between global real estate firm Jones Lang LaSalle and property consultancy King Sturge. Bakers was instructed by longstanding client Jones Lang LaSalle on the deal, which will create the largest property consulting group in the UK and Continental Europe.
2 minute read

International Edition

Dealmaker: Ted Greeno

The non-spiky Herbert Smith litigator on the intellectual capabilities of small dogs...
4 minute read

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