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International Edition

Weil takes debut role for Canadian pension fund on Europe investment

Weil Gotshal & Manges has acted for new client the Ontario Teachers' Pension Plan on its debut European direct investment. The private equity arm of the Canadian pension fund is set to buy Acorn Care and Education - which provides foster care and schools for children with learning disabilities - for a reported £150m from Phoenix Equity Partners and Acorn's management after outbidding UK buyout house HG Capital.
2 minute read

International Edition

Legal adviser rankings: 2009 year end

Full details of Mergermarket's European deal rankings for 2009...
1 minute read

International Edition

Dealmaker: Calvin Walker

Bakers' new projects partner explains the merits of speaking Russian and tips his hat to his namesake...
4 minute read

International Edition

White & Case and CC act on $2.6bn Saudi securities deal

Clifford Chance (CC) and White & Case's Saudi bases have taken lead roles on a $2.66bn (£1.66bn) fundraising by petrochemical giant Saudi Basic Industries Corporation (SABIC). The deal, which has a local currency value of SAR10bn, closed last month (29 December) and marked the largest notes programme in the Kingdom of Saudi Arabia in 2009.
2 minute read

International Edition

Commentary: Kennedys thinks national with ambitious launch in Sheffield

Who says insurance is the slow lane of commercial law? Certainly not Kennedys which, not content with breaking into the UK top 50 last year on the back of 30% revenue growth, in December secured itself an early Christmas present with a deal to take on a 70-strong team in Sheffield from Halliwells.
3 minute read

International Edition

Linklaters and Norton Rose line up on $2.7bn mining group financing

Linklaters and Norton Rose have advised on a $2.7bn (£1.6bn) financing package for UK-listed mining group Kazakhmys. The company has agreed the unsecured loan package with China Development Bank (CDB) and Kazakh sovereign wealth fund Samruk-Kazyna, with the funding set to go towards the development of existing projects in Kazakhstan.
2 minute read

International Edition

US duo lead on Heineken's €5.3bn buyout of Mexican drinks company

Cleary Gottlieb Steen & Hamilton and Gibson Dunn & Crutcher have taken lead roles on Heineken's acquisition of Mexican drinks company FEMSA for €5.3bn (£4.8bn). FEMSA, the largest beverage company in Latin America, will receive a 20% stake in Heineken as part of the all-share deal, which sees Heineken take over FEMSA's beer business, which includes brands such as Sol.
2 minute read

International Edition

Dentons and TLT take top roles on Virgin Money bank buyout

Denton Wilde Sapte and TLT Solicitors have landed roles advising on the acquisition of Church House Trust by Virgin Money. Dentons advised regular client Virgin Group on the acquisition, which marks the first venture into the banking market for the company.
2 minute read

International Edition

DLA Piper wins lead adviser role for student loans provider

DLA Piper's Edinburgh office has won the Student Loans Company (SLC) as a new client. The three-year contract as SLC's primary adviser will see DLA work with the company's in-house legal team on matters including litigation, debt recovery, data protection, corporate and commercial property.
2 minute read

International Edition

A&O takes headline role alongside US trio on $28bn Novartis deal

Allen & Overy (A&O) has advised pharma giant Novartis on its $28bn (£17.4bn) acquisition of a majority stake in Alcon, the world's largest eye-care company, reports The Am Law Daily. The deal is the second stage of a larger transaction originally struck in spring 2008, when Novartis purchased a 25% stake in Alcon for $10.4bn (£6.5bn), handing the company an option to purchase the 52% of the company owned by Nestle.
2 minute read

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