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International Edition

Simpson Thacher and Wachtell lead on Apax's $3bn Tommy Hilfiger sale

Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz have taken lead roles on buyout house Apax Partners' sale of Tommy Hilfiger to US clothing giant Phillips-Van Heusen for $3bn (£1.9bn). The sale comes around four years after Apax purchased Tommy Hilfiger for $1.6bn (£1.1bn) and took the company private.
2 minute read

International Edition

OC makes French Connection with debut role on private equity sell-off

Osborne Clarke has taken a lead role advising French Connection on its sale of the Nicole Farhi fashion label to private equity house OpenGate Capital - the firm's first instruction for the clothing retailer. Osborne Clarke corporate partner and co-head of retail Kalpesh Tanna led a team advising French Connection on the deal - valued at approximately £5m - after being instructed by the fashion house for the first time earlier this year.
2 minute read

International Edition

Linklaters takes lead role for BP on $7bn global expansion

Linklaters has taken a key role alongside five other firms on BP's $7bn (£4.6bn) acquisition of assets in Azerbaijan, Brazil, and the Gulf of Mexico from oil and gas producer Devon Energy, reports The Am Law Daily. Linklaters M&A partner Joshua Berick, corporate partner Stephen Griffin, and associates Colin Greenspon and Graham Phillips are advising BP on the acquisition. The magic circle firm is a longstanding adviser to BP and represented the oil giant on its $110bn (£72.5bn) merger with Amoco in 1998.
2 minute read

International Edition

Dealmaker: Steven Fox

Ashurst corporate partner Steven Fox takes wise counsel from The Hungry Caterpillar...
4 minute read

International Edition

UK trio win roles as Premier Foods appoints debut panel

Slaughter and May, Eversheds and Wragge & Co have been appointed to Premier Foods' first formal roster of external legal advisers. The trio are the only firms to have been appointed to the panel, with the news likely to be seen as a blow to longstanding adviser Weil Gotshal & Manges, which has been the most visible transactional adviser to Premier in recent years.
2 minute read

International Edition

Eversheds and CC lead on £250m UK retail property joint venture

Eversheds and Clifford Chance (CC) have won leading roles advising on a £250m joint venture between property investment company NewRiver and Morgan Stanley Real Estate Investing (MSREI) to invest in UK retail property. The Guernsey-registered joint venture, which will be known as NewRiver Retail Investments, has an acquisition capacity of more than £250m including leverage and has already made its first portfolio acquisition.
2 minute read

International Edition

Sullivan and Weil lead on $15.5bn AIG sell-off

Sullivan & Cromwell and Weil Gotshal & Manges have taken key roles on AIG's $15.5bn (£10.4bn) sale of its life insurance unit to rival company MetLife, reports The Am Law Daily. Sullivan advised AIG on the sale of the American Life Insurance Company (Alico), in the latest in a series of sell-offs designed to help the company repay its massive debt to the US Government.
2 minute read

International Edition

SJ Berwin and Macfarlanes advise on £200m technology fund

SJ Berwin and Macfarlanes have advised on the creation of a £200m investment fund aimed at boosting the innovation technology sector in the UK. The creation of the Future Technologies Fund saw the Government and the European Investment Fund each put in £100m, with the commitment announced last month (22 February).
2 minute read

International Edition

Ashurst leads on insurer's planned £450m IPO amid turbulent market

Ashurst has advised product insurer CPP Group on its proposed £450m initial public offering (IPO). CPP, which runs insurance schemes for mobile phones and credit cards, has announced that it is planning to float on London's main market next month.
2 minute read

International Edition

Magic circle trio take roles on Babcock's £1.1bn VT Group bid

A trio of magic circle law firms have won advisory roles relating to Babcock International's £1.1bn unsolicited bid for government support services company VT Group. Clifford Chance (CC), Linklaters and Freshfields Bruckhaus Deringer have all picked up roles in relation to the approach, which has been rejected by VT. The bid could scupper VT's own £330m attempt to take over infrastructure support services provider Mouchel Group.
2 minute read

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