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International Edition

Mayer Brown, Camerons and Bakers at the table on £400m Camelot sale

Mayer Brown and Baker & McKenzie have taken the lead roles on the sale of the National Lottery operator Camelot for just under £400m. The board of Camelot has agreed to sell the company to one of Canada's largest pension funds, Ontario Teachers' Pension Plan (OTTP), in favour of a rival bid from buyout giant CVC.
2 minute read

International Edition

Eversheds leads on £1bn Covent Garden development initiative

Eversheds has won a role advising Covent Garden Market Authority (CGMA) on a development project that could be worth up to £1bn. Eversheds real estate partner Stephen Manson is leading a team advising CGMA on the latest phase of the regeneration project that will see the development of a fresh produce market in Covent Garden.
2 minute read

International Edition

What really props up charge-out rates

Will the post-recession world of the New Normal cause long-term change in the pricing of high-end transactional legal services? Or, put more directly, does it mean that the sharp rises in the level of fees charged by M&A and banking lawyers in the two decades running up to the credit crunch will now halt or reverse? There is certainly no shortage of theorists and consultants arguing just that, with varying degrees of credibility.
4 minute read

International Edition

BLP nears £5m deal to absorb Thames Water's legal team

Berwin Leighton Paisner (BLP) is in advanced talks to seal a groundbreaking deal that will see Thames Water transfer the bulk of its in-house legal team to the City law firm. The agreement, understood to be worth around £5m a year to BLP for the next five years, would see the firm take on 13 of Thames Water's in-house legal team and three administrative staff to carry out all of its longstanding client's legal work.
3 minute read

International Edition

Garrigues advises Spanish bank on £557m insurance business sale

Spanish giant Garrigues has advised on a €556.8m (£505.9m) M&A deal in one of the biggest transactions in Spain so far this year. The firm has advised Caixa Catalunya, one of Spain's largest banks, on the sale of half of its insurance business to Spanish insurance company Mapfre.
2 minute read

International Edition

Irwin Mitchell seals deal to provide advice for Telegraph readers

Irwin Mitchell has teamed up with the Telegraph Media Group (TMG) to offer the newspaper group's readers 24/7 access to legal advice. The partnership, which launched last month, sees Irwin Mitchell offering Telegraph readers advice on a range of practice areas including personal injury, family, employment, wills, conveyancing, dispute resolution, legal services for small to medium enterprises as well as Spanish services for the newspaper's ex-pat readership.
2 minute read

International Edition

A&O, BLP and DLA win roles on Middle East real estate roster

Middle East real estate company Aldar has named the firms on its first formal legal panel, with Allen & Overy (A&O), Berwin Leighton Paisner and DLA Piper all winning roles. The Abu Dhabi property developer and investor finalised the review during the last quarter of 2009 with appointments made at the beginning of the year.
2 minute read

International Edition

Kirkland and Freshfields take lead roles on $5bn pharma buyout

Kirkland & Ellis and Freshfields Bruckhaus Deringer have advised on the $5bn (£3.3bn) acquisition of German drugmaker Ratiopharm by Teva Pharmaceuticals, the world's leading generic drug company, reports The Am Law Daily. Kirkland took a lead role for Teva on the deal, while Freshfields advised Ratiopharm's parent company, with partners Andreas Fabritius and Oliver von Rosenberg leading the magic circle firm's team.
2 minute read

International Edition

Hammonds and CC advise on £281m healthcare buyout by Bridgepoint

Hammonds and Clifford Chance (CC) have won leading roles on Bridgepoint Capital's £281m acquisition of social care provider Care UK. Hammonds corporate partner Trevor Ingle advised health and social care provider Care UK, a longstanding client of the firm, on its sale. The national law firm worked opposite CC corporate partners Lee Coney and Kem Ihenacho, who led the team advising Bridgepoint.
2 minute read

International Edition

CC and Norton Rose lead on $400m refinancing of mining company

Clifford Chance (CC) and Norton Rose have advised on a $400m (£265m) refinancing for international mining company Equinox Minerals. The Toronto and Australia-listed company will use the senior and subordinated loan facility to refinance existing debt for its subsidiary Lumwana Mining Company, where it will help finance the development of the Lumwana copper mine in Zambia.
2 minute read

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