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International Edition

Freshfields and Slaughters head up $3.1bn Hong Kong listing

Freshfields Bruckhaus Deringer and Slaughter and May have won lead roles on China Pacific Insurance's $3.1bn (£1.9bn) Hong Kong initial public offering. The listing, one of the largest global IPOs of 2009, saw Freshfields take a role for the China-based insurance company. The magic circle firm's team was led by global co-head of capital markets Kay Ian Ng and capital markets partner Calvin Lai, both of whom are based in Hong Kong.
2 minute read

International Edition

CC, Travers lead on £400m private equity deal

A quartet of firms have landed roles advising on the £400m purchase of British Car Auctions by private equity house Clayton Dubilier & Rice (CD&R) from Montagu Private Equity.
2 minute read

International Edition

Weil Gotshal and Skadden lead on $1.9bn Sanofi-Aventis buyout

Weil Gotshal & Manges and Skadden Arps Slate Meagher & Flom have taken lead roles on Sanofi-Aventis's $1.9bn (£1.2bn) purchase of consumer care products company Chattem, reports The Am Law Daily. The acquisition, set to create the fifth-largest consumer products company in the world, will give the French pharmaceutical company a toehold in the over-the-counter drugs market.
2 minute read

International Edition

Weil heads up quartet of firms on $2.4bn amusement park buyout

Four US firms have taken taken roles on the $2.4bn (£1.5bn) buyout of amusement park owner Cedar Fair by an affiliate of private equity firm Apollo Global Management, reports The Am Law Daily. Weil Gotshal & Manges and Squire Sanders & Dempsey advised Cedar Fair, which operates some of the tallest and fastest rollercoasters in the US.
2 minute read

International Edition

Mayer Brown leads on GM sale of Saab assets to Chinese company

Mayer Brown has taken the lead role for Beijing Automotive Industry Holding (BAIC) on the purchase of Saab assets and intellectual property rights from General Motors. The deal, valued at SEK1.4bn (£119m), could stave off bankruptcy for Swedish car maker Saab while GM continues to search for a buyer, following the failed takeover attempt by Swedish car maker Koenigsegg in the autumn.
2 minute read

International Edition

Skadden and Davis Polk lead on Exxon's $31bn natural gas buyout

Davis Polk & Wardwell and Skadden Arps Slate Meagher & Flom have won lead roles on the biggest energy deal since 2006 - Exxon Mobil's acquisition of natural gas company XTO Energy for $31bn (£19bn). Davis Polk, which represented Exxon on its $80bn (£49bn) purchase of Mobil in 1999, reprised its role as lead M&A counsel, with a team led by M&A head George Bason, alongside corporate partners Louis Goldberg and Arthur Golden, tax partner Avishai Shachar, benefits partner Edmond FitzGerald and environmental partner Gail Flesher.
2 minute read

International Edition

Freshfields, Simmons head up €2bn sale of German publishing company

Freshfields Bruckhaus Deringer and Simmons & Simmons have both won lead roles on the sale of Springer Science+Business Media, a deal understood to be worth up to €2.2bn (£2bn). Springer was advised by Freshfields on the sale, announced today (11 December), which sees Swedish private equity fund EQT and the Singapore Government's GIC fund acquire the German publishing company. City-based private equity partner David Sonter led the magic circle firm's team.
2 minute read

International Edition

CC and Freshfields take lead roles on £935m BAA bond launches

Clifford Chance (CC) and Freshfields Bruckhaus Deringer have picked up mandates on airports operator BAA's programme of bond issuances. CC advised co-arrangers Citi and The Royal Bank of Scotland (RBS), with London capital markets partners Emma Matebalavu and Steve Curtis taking lead roles.
2 minute read

International Edition

Dewey leads on $1.2bn drinks company buyout

Dewey & LeBoeuf has fielded a large cross-border team advising drinks company CEDC on its $1.2bn (£736m) high yield financing and equity acquisition of Russian Alcohol Group (RAG). After entering into a joint venture agreement with vodka producer RAG in spring 2008, CEDC has now agreed to buy out RAG via a $310m (£191m) US stock offering and a $950m (£583m) dual offering of euro and dollar senior secured high yield notes.
2 minute read

International Edition

City trio take headline roles on biggest UK buyout of the year

Allen & Overy (A&O), Travers Smith and Ashurst have all picked up roles on the biggest buyout in the UK for more than a year. Apax is set to purchase pharmaceutical support company Marken for a reported £975m from Intermediate Capital Group (ICG), with the deal expected to close in early 2010.
2 minute read

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