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International Edition

Pinsents to advise utility company on King's Cross redevelopment contract

Pinsent Masons has landed a role advising on an infrastructure contract for the redevelopment of King's Cross. The national firm is advising utility infrastructure group Inexus Group and subsidiary Metropolitan Infrastructure (MI) on a deal that has seen MI win the contract to design, construct and operate all of the utility services for the project.
2 minute read

International Edition

Kirkland advises Japan Airlines on bankruptcy proceedings

Kirkland & Ellis has landed a global mandate advising Japan Airlines (JAL) on its bankruptcy proceedings. The firm is fielding a team from Chicago, London and Hong Kong to advise the airline on one of the country's largest corporate failures.
2 minute read

Legal Week

Deal lawyers set to AIM slightly less low in 2010

Ask a corporate partner specialising in work on London's Alternative Investment Market (AIM) to describe 2009 and "horrendous" and "not a good year" are some of the milder descriptions you're likely to hear. Looking at the statistics it is easy to see why, as the market saw a dismal tally of just 36 admissions, with the number of initial public offerings (IPOs) barely scraping double digits at just 13.
11 minute read

International Edition

Dealmaker: Chris Bown

Freshfields' private equity veteran displays a touch of literary class (and aces the McBeal question)...
4 minute read

International Edition

Herbert Smith secures £4.3bn role to advise BAA on Heathrow development

Herbert Smith has won a high-profile mandate to advise airport operator BAA on the controversial third runway at Heathrow and a £4.3bn development project at the airport. The top 10 City law firm saw off competition from more than 50 firms to secure the coveted instruction at the end of last year, after BAA publicly advertised for a legal adviser for the projects.
2 minute read

International Edition

Skadden and Latham land roles on $4bn Japanese telecoms deal

A trio of US firms have taken lead roles on Liberty Global's $4bn (£2.5bn) sell-off of its minority stake in Japan's largest cable company to mobile phone operator KDDI, reports The Am Law Daily. Skadden Arps Slate Meagher & Flom advised Japan's KDDI on the acquisition of Liberty's 38% stake in Jupiter Telecommunications, fielding a team led by Tokyo-based partner Mitsuhiro Kamiya.
2 minute read

International Edition

CC and Latham check in for roles on Singapore airline IPO

Clifford Chance (CC) and Latham & Watkins have taken lead roles as Tiger Airways becomes the first Asian airline to complete an initial public offering (IPO) for five years. The IPO, reportedly the first listing of a low-cost air carrier on the Singapore Exchange, raised a total of S$248m (£109m), with the deal widely viewed as a boost for market confidence.
2 minute read

International Edition

Dewey and Simmons take lead on acquisition of commodity trading firm

A raft of firms including Dewey & LeBoeuf and Simmons & Simmons have won roles on the proposed acquisition of a uranium company set to create a group worth more than £400m. The deal will see Canada's Uranium Participation Corporation (UPC) take over Guernsey-based Uranium Limited, which is valued at around £84m.
2 minute read

International Edition

Lovells and CC advise on £1bn senior debt restructuring deal

Lovells and Clifford Chance (CC) have advised on the £1bn restructuring of catering group Select Service Partners (SSP). SSP, which operates catering and retail units primarily in airports and railway stations in more than 25 countries, was acquired by buyout house EQT in 2006 for an undisclosed sum and subsequently refinanced in 2007 in a deal worth around £1.2bn.
2 minute read

International Edition

Deal lawyers' mood brightens as 2009 marks bottom of market

Exactly 12 months ago this column suggested that the M&A deal drought of 2009 would be reminiscent of the post-dot com gloom in 2003, and it was true. This year, however, is harder to call. The latest figures from Legal Week's exclusive data provider Mergermarket confirm what all M&A lawyers knew: 2009 was a bleak year for transactional lawyers, with global deal values just shy of $1,800bn (£1,103bn) compared to $2,427bn (£1,488bn) in 2008. The good news is that most signs suggest that the bottom has already been passed, with the final quarter of 2009 managing a modest if fairly broad revival. That revival looks set to trudge into 2010, even if there is little evidence of a dramatic rebound.
4 minute read

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