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International Edition

Pinsents wins extension to Man Utd deal as club reviews advisers

Pinsent Masons has won a second term on Manchester United's legal panel. Pinsents has held a panel role to advise the football club on data protection and employment law since 2008, with the appointment now extended for a further two years. Brabners Chaffe Street is also understood to have been retained on the panel after first being appointed in 2008 to advise on dispute resolution, real estate and some aspects of commercial law. The other firms to take panel roles in 2008 were Beachcroft, Halliwells and Wiggin.
2 minute read

International Edition

Magic circle duo lead on Canadian consortium's £2.9bn Tomkins bid

Slaughter and May and Freshfields Bruckhaus Deringer have taken lead roles on the £2.9bn takeover bid for British engineering company Tomkins by a Canadian consortium. The consortium, which comprises private equity group Onex Corporation and the Canada Pension Plan Investment Board (CPPIB), has made an offer of 325p per share for the company and due diligence is now at an "advanced stage", according to Tomkins. Slaughters is advising Tomkins with a team including corporate partners Nigel Boardman and Nilufer von Bismarck (pictured), pensions partner Eddie Codrington, competition partner Bertrand Louveaux and tax partner William Watson.
2 minute read

International Edition

Ashurst, Sullivan and Ropes & Gray take lead roles on €1.2bn Ontex sale

Ashurst has secured a lead role on the €1.2bn (£1.07bn) sale of manufacturing company Ontex to Goldman Sachs and TPG Capital. Ashurst advised longstanding client Candover on its sale of Ontex, a European manufacturer of hygienic disposables. The City law firm advised Candover on its original acquisition of the business in 2003.
2 minute read

International Edition

BLP advises Barclays on £25m sponsorship of London Cycle Hire Scheme

Berwin Leighton Paisner (BLP) has advised Barclays on its sponsorship of the London Cycle Hire Scheme, which will see the development of new cycle superhighways for the capital. The banking giant is contributing £25m over a five-year period towards the scheme, which is set to launch at the end of this month (30 July). Supported by London Mayor Boris Johnson, the scheme will make bicycles available to the public for short journeys in and around central London.
2 minute read

International Edition

Slaughters and Hammonds tap in for roles on £558m plumbing company buyout

Slaughter and May and Hammonds have taken lead roles advising Travis Perkins on its £558m acquisition of BSS Group. The magic circle firm advised the building merchants as a new client on the cash and share acquisition of plumbing and heating company BSS Group.
2 minute read

International Edition

Deal activity remains patchy despite rebound predictions

With the exception of a few very large deals early this year, such as Prudential's ambitious but ill-fated bid to purchase the Asian assets of AIG and Novartis' $28bn (£17.4bn) acquisition of a majority stake inAlcon, the deal market this year has offered precious support for those banking on a revival taking hold. Not only was there a slight dip (4.1%) in announced global deals from the second half of 2009, corporate activity was particularly hit in the UK during the first half of 2010, with the domestic market seeing a 28%fall in deal volume against the first six months of 2009.
4 minute read

International Edition

A&O and Latham win roles on $1bn KBC sell-off

Allen & Overy (A&O) and Latham and Watkins have taken lead roles on Daiwa Capital Markets' $1bn (£662m) buyout of KBC's bond and derivatives businesses. Daiwa Capital Markets, the investment banking unit of Daiwa Securities, was advised by Latham with the US firm fielding a team led by Hong Kong-based corporate partner Simon Berry.
2 minute read

International Edition

Global adviser rankings - H1 M&A

Deal activity managed a modest revival in the first half of the year after a dire start to 2009 but continued market turbulence in the second quarter of 2010 has kept M&A lawyers waiting for a robust recovery.
1 minute read

International Edition

Freshfields drafted in to advise BP on defence against takeover

Freshfields Bruckhaus Deringer has secured a lead role advising BP on its attempts to ward off a takeover bid in a mandate that will be viewed as a coup for the City giant. Freshfields was called in to advise BP on its takeover defence in the wake of the company's disastrous Gulf of Mexico oil spill, which began in April.
2 minute read

International Edition

Cleary leads for Google on acquisition of online flight booking software company

Cleary Gottlieb Steen & Hamilton has advised Google on its $700m (£463m) acquisition of ITA Software, one of the few companies specialising in software that allows online flight booking. The acquisition, which will allow Google to better compete with search rivals such as Microsoft's Bing, saw Cleary field a team including M&A partner Ethan Klingsberg, employee benefits partner Michael Albano, intellectual property partner Leonard Jacoby and tax partner Sheldon Alster.
2 minute read

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