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International Edition

A&O and Linklaters lead on Korean oil company's £1.87bn bid for Dana

Allen & Overy (A&O) and Linklaters have won lead roles on the hostile bid for Dana Petroleum by Korea National Oil Corporation (KNOC). The South Korean state-owned oil and gas company made a £1.87bn bid for the Aberdeen-based energy company last month (20 August), but Dana is fighting the takeover and has until 8 September to set out its defence.
2 minute read

International Edition

CC and Ashurst act on €1.4bn acquisition of RBS loan portfolio

Clifford Chance (CC) and Ashurst have won lead roles on Intermediate Capital Group's (ICG) €1.4bn (£902m) acquisition of a large leveraged loan portfolio from the Royal Bank of Scotland (RBS). Ashurst advised private equity debt manager ICG on the deal, which is thought to be the first-ever acquisition of a leveraged loan portfolio from a bank without vendor financing.
2 minute read

International Edition

Dentons and A&O head up billion-dollar Middle East project finance deal

Denton Wilde Sapte and Allen & Overy (A&O) have taken lead roles on a $1.1bn (£716m) project finance deal in the Middle East. Dentons has advised Abu Dhabi Government-affiliated metals company Emirates Steel on the seven-year deal, with a team led by Middle East managing partner Neil Cuthbert and Abu Dhabi project finance partner Udayan Mukherjee.
2 minute read

International Edition

Slaughters, Wragges and Eversheds on target on tenpin bowling takeover

Slaughter and May, Wragge & Co and Eversheds have taken lead roles on AMF Bowling's £27m acquisition of tenpin bowling rival Hollywood Bowl. Slaughters advised longstanding client AMF on the £27m purchase from Mitchells & Butlers, which owns a large portfolio of entertainment venues around the UK. The transaction creates one of the UK's largest tenpin bowling companies, with annual sales of more than £60m.
3 minute read

International Edition

Walker Morris Leeds headquarters sold to Swiss private trust

The Leeds headquarters of national firm Walker Morris has been sold to a Swiss private trust in a multimillion-pound real estate investment deal. Kings Court in Leeds city centre has been sold by a local investment team from property consultancy King Sturge, acting on behalf of Alliance Trust Real Estate Partnership, an investment company based in Dundee.
2 minute read

International Edition

Slaughters and Links lead on HSBC's multi-billion South Africa bank bid

Linklaters and Slaughter and May are advising on HSBC's proposed acquisition of a controlling stake in South Africa's Nedbank, a deal which could be worth up to R49.9bn (£4.4bn). Linklaters is acting for HSBC on its exclusive talks with Nedbank majority investor Old Mutual, with the magic circle firm's team led by corporate partner Robert Cleaver.
2 minute read

International Edition

Slaughters and Links lead on HSBC's multi-billion South Africa bank bid

Linklaters and Slaughter and May are advising on HSBC's proposed acquisition of a controlling stake in South Africa's Nedbank, a deal which could be worth up to R49.9bn (£4.4bn). Linklaters is acting for HSBC on its exclusive talks with Nedbank majority investor Old Mutual, with the magic circle firm's team led by corporate partner Robert Cleaver.
2 minute read

International Edition

Nabarro and Slaughters advise on share scheme for Arsenal supporters

Nabarro and Slaughter and May have advised on the new Arsenal Fanshare scheme, which will see portions of shares in the club made available to supporters at affordable prices. Nabarro was first instructed in 2008 by the Arsenal Supporters' Trust to structure the scheme, which will allow fans to pool money and own units of shares which would normally be out of the financial reach of the average supporter. Arsenal has approximately 62,000 shares currently trading at £10,000 each, but the Fanshare scheme will enable individuals to put in anything from £10 to £1,000 a month, with a minimum total payment of £100 for one 'fanshare'.
3 minute read

International Edition

MoFo and Wilson Sonsini lead on Intel's $7.7bn McAfee takeover

US duo Morrison & Foerster and Wilson Sonsini Goodrich & Rosati have secured lead roles on computer chip giant Intel Corporation's $7.7bn (£4.9bn) purchase of antivirus software maker McAfee, writes The Am Law Daily. The purchase, which was announced on Thursday (19 August) will enable the chip maker to expand on the security services it provides, a "fundamental component of online computing," according to Intel's statement. It marks Intel's biggest effort to expand beyond chip making to date.
2 minute read

International Edition

US firms in driving seat on upcoming General Motors listing

Jenner & Block and Davis Polk & Wardwell have secured lead roles on General Motors' highly-anticipated initial public offering (IPO), reports The Am Law Daily. The car manufacturing giant filed for the IPO yesterday (18 August), just over a year after the company emerged from bankruptcy. Jenner corporate partners Joseph Gromacki, William Tolbert and Brian Boch are lead issuer's counsel for the IPO. Gromacki chairs Jenner's corporate practice and serves as co-chair of the firm's securities practice.
2 minute read

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