NEXT
Sign in to follow

International Edition

Herbert Smith and A&O lead on $2.8bn finance deal for oil company

Herbert Smith and Allen & Overy (A&O) have advised on the creation of a $2.8bn (£1.9bn) reserve-based lending (RBL) facility for oil and gas company Perenco. The facility, the largest ever of its kind, will enable the company to grow its business with new acquisitions and develop its current assets.
2 minute read

International Edition

City trio advise as £30bn London Underground PPP comes to an end

Freshfields Bruckhaus Deringer, Norton Rose and CMS Cameron McKenna have all taken roles on the deal that has seen Transport for London (TfL) take over maintenance responsibilities for three London Underground lines from the Tube Lines consortium. The agreement will bring to an end the £30bn public-private partnership (PPP) to upgrade the Tube, with TfL now taking control of the upgrades on the Jubilee, Northern and Piccadilly Lines.
2 minute read

International Edition

Pinsents takes starring role on sale of Withnail production company

Pinsent Masons has advised on the acquisition of production company HandMade, the owner of rights to films including Life Of Brian, Withnail & I and Lock Stock And Two Smoking Barrels. A Pinsents team led by corporate partner Sean Page advised special purpose vehicle Almorah Services on the £2.3m buyout, with the deal set close later this month.
2 minute read

International Edition

Simmons finance practice set to keep quietly outperforming

Simmons & Simmons may have seen a double-digit fall in revenue in the last financial year, but the prospects look relatively rosy for the firm's upwardly-mobile finance practice. Out of Simmons' four sector groups, financial institutions now count for around half of the firm's international business after the group's income more than doubled between 2005 and 2009. Since City banking partner Jeremy Hoyland took over the helm of the financial markets practice group from current managing partner Mark Dawkins five years ago, the firm has maintained a low-key but steady ascent up the pecking order of many of the world's leading banking institutions.
3 minute read

International Edition

Herbert Smith, Latham lead on £1.5bn sale of Harrods to Qatari royal family

Herbert Smith and Latham & Watkins have taken roles on opposite sides of the £1.5bn sale of Harrods to the Qatari royal family. The deal sees Mohamed Al Fayed's 25-year tenure as owner of the iconic Knightsbridge department store come to an end, although he will remain in a new role as honorary chairman.
2 minute read

International Edition

Dealmaker: Paul Dolman

Travers private equity partner Paul Dolman feels the warranty rage before cooling off with a damp towel...
4 minute read

International Edition

Magic circle firms lead on €1bn Russian PPP

Freshfields Bruckhaus Deringer and Clifford Chance (CC) have scored roles on a €1.1bn (£955m) Russian public-private partnership (PPP) that will see the construction of a new terminal at St Petersburg's Pulkovo Airport. Freshfields advised the sponsors on the deal with a team led by London-based infrastructure and transport partner Alex Carver, alongside associates from the firm's London and Moscow offices.
2 minute read

International Edition

SJB and Herbert Smith advise on £111m offload of BAA assets

SJ Berwin and Herbert Smith have taken lead roles on a major property deal which has seen airport operator BAA offload real estate assets worth £111m. SJ Berwin advised industrial real estate giant Segro on its acquisition of BAA's 50% share in the Airport Property Partnership (APP), the other 50% of which is owned by Aviva Investors.
2 minute read

International Edition

K&L Gates and Addleshaws lead on £40m sale of Blackpool attractions

K&L Gates and Addleshaw Goddard have taken lead roles on the £40m sale of Blackpool Tower and a number of other local attractions to Blackpool Borough Council. K&L Gates' City arm advised long-term client Leisure Parcs on the sale of assets including the Tower, the Golden Mile amusement arcade, Louis Tussaud's Waxworks and the Winter Gardens entertainment complex to the town's council, taking them into public ownership for the first time.
2 minute read

International Edition

Freshfields checks in for antitrust role on $3bn United-Continental tie-up

Freshfields Bruckhaus Deringer has taken a role alongside a trio of US firms on the $3bn (£2bn) tie-up of United Airlines and Continental Airlines, reports The Am Law Daily. The deal, which has created the world's largest carrier by passenger traffic, will see the newly-merged company retain the name United. Both carriers had previously considered a merger two years ago, but that deal collapsed over concerns about oil prices and $537m (£353m) in first-quarter losses by United that year.
3 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