NEXT
Sign in to follow

International Edition

Duo play lead roles on €2.3bn Icelandic bank restructuring

Hogan Lovells and Bingham McCutchen have taken lead roles on the €2.3bn (£1.9bn) restructuring of Straumur, one of the raft of Icelandic banks taken into government hands last year as a result of the country's financial crisis. Straumur was nationalised in March 2009 after aggressive expansion in Europe during the credit bubble led to losses of almost €700m (£640m) in 2008.
2 minute read

International Edition

Latham launches corporate jargon iPhone app for deal lawyers

Latham & Watkins has launched a new iPhone application which provides deal lawyers easy access to a digital glossary of financial, legal and regulatory jargon, reports The Am Law Daily. The new app, called The Book of Jargon, offers free access to more than 750 definitions of corporate and finance slang and terminology.
3 minute read

International Edition

Links and CC lead as RBS returns to securitisation with £4.7bn issuance

Linklaters and Clifford Chance (CC) have taken lead roles on the Royal Bank of Scotland's £4.7bn mortgage-backed securities sale, in one of the first issuances of its kind since the recession hit. CC acted for RBS with a team including banking and finance partners Kevin Ingram and Emma Matebalavu, while New York capital markets partner Lewis Cohen advised on US law.
2 minute read

International Edition

Freshfields takes antitrust role on $1.5bn Hewlett-Packard acquisition

Freshfields Bruckhaus Deringer has won a role alongside Gibson Dunn & Crutcher on Hewlett-Packard's $1.5bn (£972m) acquisition of security software maker ArcSight, reports The Am Law Daily. Russell Hansen, the partner-in-charge of Gibson Dunn's Palo Alto office, is leading the US firm's team on the deal, while Freshfields partner Alan Ryan and senior associate Martin McElwee are serving as European antitrust counsel.
2 minute read

International Edition

White & Case and Dewey head up Egyptian bank's $600m eurobond issue

White & Case and Dewey & LeBoeuf have advised on the issue of a $600m (£390m) eurobond by the National Bank of Egypt (NBE). Dewey & LeBoeuf advised NBE - Egypt's largest bank - with London partner Camille Abousleiman taking the lead role. White & Case advised the underwriters, including Citigroup, Deutsche Bank and Morgan Stanley, with a team led by London partner Stuart Matty.
2 minute read

International Edition

Freshfields wins Vodafone M&A role on $6.6bn China Mobile stake sale

Freshfields Bruckhaus Deringer has taken the lead role on Vodafone Group's $6.6bn (£4.3bn) sale of its 3.2% stake in China Mobile, reports The Am Law Daily. Vodafone will return about 70% of the proceeds to shareholders through a stock repurchase, with the remaining balance used to pay down debt.
3 minute read

International Edition

Takeover surge prompts busy summer for deal finance teams

Europe's leading deal finance teams are forecasting a revival in activity after advisers benefited from a recent flurry of debt-financed takeovers. Firms to have secured large acquisition finance mandates in recent weeks include Allen & Overy (A&O), Linklaters, Latham & Watkins and Clifford Chance (CC).
3 minute read

International Edition

Europe's LBO outlook: up, down and up again

These days it's hard to keep up with the mood of leverage finance lawyers, who are once again in one of their upbeat phases. Having been terminally gloomy since the credit crunch began, acquisition finance lawyers seemed in remarkably revived spirits by the start of 2010. Unfortunately, it didn't take long for the mood to sour as evidence of a slowdown in the US and, worse, mounting woes emerged in Europe's debt markets. Yet, counter-intuitively perhaps, the outlook has brightened into an Indian summer, with many of the leading deal finance teams reporting healthy levels of activity and respectable pipelines. Perhaps this is because, while the news from the US has worsened, signals from the eurozone and public finances have been at the more optimistic range of forecasts in recent months. It is also helping that, on the sponsor side, private equity houses are now in the position of having to do deals, given their need for exits and to put committed funds to work, even if conditions are far from ideal.
3 minute read

International Edition

Clifford Chance handles first major corporate deal for MasterCard

Clifford Chance (CC) has won its first major corporate instruction for MasterCard as the US financial services group moves to expand its e-commerce business in a £333m takeover. The deal saw MasterCard acquire DataCash, a UK-based provider of electronic card and payment processing and chip and pin fraud management. The target instructed Denton Wilde Sapte. CC fielded a team led by London-based corporate partner Lee Coney for MasterCard. Other senior lawyers acting included financial institutions partner Tim Page and antitrust partner Greg Olsen.
2 minute read

International Edition

Quartet of US firms take roles on $4bn Burger King whopper deal

Four US firms have won roles on the $4bn (£2.6bn) sale of Burger King to investment firm 3G Capital, as the world's second-largest hamburger chain returns to the private sector, reports The Am Law Daily. Skadden Arps Slate Meagher & Flom advised Burger King with a team led by Eileen Nugent, the co-head of the firm's private equity group, alongside M&A partners Thomas Greenberg and Richard Grossman, employee benefits chair Stuart Alperin, and banking partners James Douglas and Julia Czarniak.
2 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • The Power of Online Reputation Management For Attorneys: A Critical Tool For Law Firms in 2025

    Brought to you by Erase.com

    Download Now

  • The Role of Evolving Support Structures in Optimizing Legal Talent

    Brought to you by BigHand

    Download Now

  • Corporate Monitorship Advisory Services

    Brought to you by HaystackID

    Download Now

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now