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International Edition

A&O and Ogilvy on target with €3.4bn Bombardier financing

Allen & Overy (A&O) and Norton Rose's Canadian merger partner Ogilvy Renault have taken lead roles on a €3.4bn (£3bn) financing deal for transport manufacturer Bombardier. Montreal-based Bombardier turned to legacy Ogilvy for advice, while magic circle firm A&O advised the joint bookrunners in a 36-strong syndicate of financing banks, with the facility oversubscribed by around €2bn (£1.78bn).
2 minute read

International Edition

CC and Allens Arthur take top roles on new Chinalco/Rio Tinto China JV

Clifford Chance (CC) and Allens Arthur Robinson have taken lead roles on a joint venture between two of the world's largest metals producers, reports The Asian Lawyer. Aluminum Corp of China (better known as Chinalco) and British-Australian mining giant Rio Tinto Group have agreed to enter into an exploration venture to find new mineral deposits in China. The venture will initially focus on copper, with the potential to expand to coal and potash.
2 minute read

International Edition

Bakers and Addleshaws advise on merger of Jones Lang and King Sturge

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

Freshfields, Norton Rose, Ashurst advise on Betfred's Tote purchase

Freshfields Bruckhaus Deringer, Norton Rose and Ashurst have taken lead roles on UK-based bookmaker Betfred's winning bid for state-owned betting company Tote Sport in a deal worth £265m. Freshfields advised the winning bidder Betfred, the UK's fourth largest bookmaker by outlets. The betting group will make an initial payment for Tote of £150m, with £115m in deferred payments. London corporate partner Barry O'Brien led the team on the bid.
2 minute read

International Edition

Addleshaws and Freshfields win roles on sale of German shopping centre

Addleshaw Goddard has taken a role alongside Freshfields Bruckhaus Deringer on the €270m (£235m) sale of a 50% stake in German 'super-regional' shopping centre CentrO. The deal, which was completed on 10 May, saw Stadium Group sell a non-controlling interest in the 1.6 million sq ft shopping centre to Canadian investment management organisation CPP Investment Board (CPPIB).
2 minute read

International Edition

Sullivan, Shearman and Hogan lead on £1bn Jaguar high-yield bond

Sullivan & Cromwell, Shearman & Sterling and Hogan Lovells have lined up on Jaguar Land Rover's (JLR) first high-yield bond offering since it was taken over by Tata Motors in 2008, in a deal valued at £1bn. The company – which appointed Hogan Lovells and Shearman as joint counsel on UK and US aspects respectively – will use the proceeds of the bond sale to refinance debt and to help develop new vehicles and technologies.
2 minute read

International Edition

CC and Anderson Mori advise on $1.7bn Samurai bond for HSBC

Clifford Chance (CC) and Anderson Mori & Tomotsune have advised HSBC on the issuance of $1.7bn (£1.04bn) in yen-denominated bonds, writes The Asian Lawyer. The so-called 'samurai' bonds - yen-denominated debt floated in Japan by a non-Japanese issuer - comprised a $1.3bn (£802m) fixed-rate tranche and a $434m (£267m) floating-rate tranche, each with a five-year term.
2 minute read

International Edition

City duo win roles on Middle East jeweller's debt restructuring

Ashurst and Clifford Chance (CC) have picked up key roles on the AED3bn (£505m) debt restructuring of Middle Eastern jewellery manufacturer and retailer Damas International. Ashurst won a first-time appointment to advise Damas on the restructuring, fielding a team led by City finance partner Martyn Rogers, who headed a team of associates across London and the Middle East including Dubai senior associates Aaron Lee and Chris Young and City senior associate Adair Gordon-Orr.
2 minute read

International Edition

CC and Links secure lead roles on bond-backed finance for £1.2bn deal

Clifford Chance (CC) and Linklaters have advised on the financing of a £1.2bn European private equity deal. The deal, which closed earlier this month (5 May), saw Swedish buyout house EQT buy local refrigeration products manufacturer Dometic for SEK12bn (£1.2bn). EQT turned to Swedish law firm Vinge, where Stockholm M&A and private equity partner Christina Kokko took the lead on corporate aspects of the transaction.
2 minute read

International Edition

OC, Bakers and Skadden head up $975m Motorola-Nokia deal

Osborne Clarke has taken a role alongside a number of US firms on Motorola's $975m (£600m) sale of assets to Nokia Siemens Networks (NSN). The deal, which was announced in July 2010 and completed on 30 April 2011, sees NSN take responsibility for supporting 50 of the mobile phone giant's network operators across 52 countries, as well as approximately 6,900 employees.
2 minute read

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