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International Edition

City quartet advise as private equity houses complete $1.4bn Brit buyout

Clifford Chance (CC), Macfarlanes, Ashurst and Linklaters are among a line-up of eight law firms advising on the $1.4bn (£883m) acquisition of Brit Insurance by private equity giants Apollo Global Management and CVC Capital Partners, reports The Am Law Daily. CC, Sullivan & Cromwell and NautaDutilh are acting for the private equity consortium, with the CC team headed up by M&A partners Kem Ihenacho and Patrick Sarch.
2 minute read

International Edition

Raft of firms win roles on $8.3bn tie-up of Singapore and Australian stock exchanges

A line-up of leading Asia-Pacific firms have won roles on the $8.3bn (£5.2bn) merger of the Singapore and Australian stock exchanges, reports The Am Law Daily. The proposed takeover by Singapore Exchange Limited (SGX) of ASX, Australia's main stock exchange, is set to create Asia's second largest exchange after Hong Kong. The cash-and-shares deal will add weight to Singapore's growing status as a leading financial hub.
2 minute read

International Edition

Linklaters takes BP role on $650m oil wells sale to Japanese investor

Linklaters has taken a lead role for BP on the $650m (£412m) sale of four oil wells in the Gulf of Mexico, reports the Am Law Daily. The sale to to Japanese trading company Marubeni is BP's latest move to sell off up to $30bn (£19bn) in assets to offset the rising costs associated with cleaning up the Gulf of Mexico after the disastrous explosion aboard its Deepwater Horizon offshore drilling rig in April.
2 minute read

International Edition

A&O and Herbert Smith lead as Royal Bank of Canada acquires asset manager for £963m

Allen & Overy (A&O) and Herbert Smith have advised on Royal Bank of Canada's (RBC) £963m acquisition of London-based asset manager BlueBay. Herbert Smith advised BlueBay on the deal, which will see the company continue to operate independently from its new owner, as well as retaining investment autonomy.
2 minute read

International Edition

CC, SJ Berwin and Mayer Brown win roles on €580m Caterpillar-3i deal

Clifford Chance (CC), SJ Berwin and Mayer Brown have advised on Caterpillar's €580m (£517m) acquisition of a German engine manufacturing company from 3i Group, reports the Am Law Daily. Caterpillar, the world's largest construction company, has agreed to acquire MWM Holding from UK private equity firm 3i after being outbid for the company three years ago when 3i paid £360m for MWM. CC advised 3i on the deal, while SJ Berwin provided tax counsel to the private equity firm, with German private equity and M&A partner Gerald Thomas leading the firm's team.
2 minute read

International Edition

US duo take top roles on Danish jewellery retailer's €1.5bn listing

Latham & Watkins and Davis Polk & Wardwell have taken lead roles on the €1.5bn (£1.3bn) initial public offering (IPO) of Danish jewellery maker Pandora. Davis Polk advised the jewellery company on its listing, fielding a team led by London corporate partner John Meade. Latham, meanwhile, advised the financial sponsors on the deal, which completed earlier this month on Copenhagen's NASDAQ OMX exchange.
2 minute read

International Edition

Freshfields and Slaughters lead on €800m eyecare company debt restructuring

Magic circle duo Freshfields Bruckhaus Deringer and Slaughter and May have advised on the €800m (£704m) debt restructuring of eyecare company Carl Zeiss Vision Group. Freshfields restructuring and insolvency partner Richard Tett led a team including London banking partner Peter Hall advising the senior lenders steering committee on the restructuring, which closed earlier this month after 13 months of negotiations.
2 minute read

International Edition

Dealmaker: Nick Williams

Kennedys' head of insurance on long conversations in the back of a cab and a treasured brown suit...
4 minute read

International Edition

A&O and Mayer Brown win roles as Baja Mining finances Mexico project

Allen & Overy (A&O) and Mayer Brown have taken lead roles on Baja Mining's $823m (£518m) financing facility for the construction and development of its flagship Mexican mining project. Mayer Brown advised the lending group on the project financing, which is one of the largest of this nature to come to market. The completion of the deal means that full-scale construction activities on the Boleo mining project can commence imminently.
2 minute read

International Edition

Deals Q3: could be worse but won't get better for a while

Last year the hope, however wishful, was that a few big deals could unblock a pipeline that had been clogged since the credit crunch hit. After all, if you stripped out the impact of bank rescue deals, 2008 and 2009 were largely a washout for M&A advisers. Yet the latest figures from Mergermarket demonstrate that, while there was a sporadic revival of big-ticket M&A deals after Kraft Foods' bid for Cadbury got the ball rolling 12 months ago, this has not as yet translated into much of a general upturn in activity.
4 minute read

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