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International Edition

Cleary and Sullivan lead on Gucci owner's €1bn French listing

Cleary Gottlieb & Steen Hamilton and Sullivan & Cromwell have taken lead roles on the €1bn (£900m) French initial public offering (IPO) of a subsidiary of luxury goods company PPR. PPR, the holding company of brands such as Gucci and Puma, is set to list its African distribution unit CFAO, marking the first significant IPO in the French market since 2007.
2 minute read

International Edition

Freshfields and Linklaters lead on £1bn Gartmore listing

Freshfields Bruckhaus Deringer and Linklaters have taken lead roles on British fund manager Gartmore's £1bn initial public offering (IPO). The float, which will cover 30%-50% of the company, is intended to cut net debt from £400m to £100m.
2 minute read

International Edition

UK trio lead on multimillion-pound publishing takeover bid

A trio of City firms have landed roles as publishing giant Informa prepares to launch a multimillion-pound takeover of Germany-based publishing rival Springer Science and Business Media. Regular adviser CMS Cameron McKenna has taken the lead role for Informa on the deal, with a team led by City corporate partner Gary Green and corporate head Andrew Sheach.
2 minute read

International Edition

Orrick-Levi Strauss deal underscores growth of alternative billing

Orrick Herrington & Sutcliffe has signed a deal with client Levi Strauss that is the firm's broadest alternative fee arrangement ever, reports The Recorder. Orrick will handle all of Levi Strauss's legal work worldwide in exchange for a fixed yearly fee paid in monthly increments.
3 minute read

International Edition

DLA Piper wins Kraft appointment after competitive tender

DLA Piper has been appointed as preferred adviser to Kraft Foods after a competitive tender process. The non-exclusive appointment, effective from 1 January 2010, will see the national firm advise Kraft on day-to-day matters including advertising, contract/commercial, corporate, employment, food law, IT, litigation and real estate, as the world's second-largest food company attempts to drive down its legal costs.
2 minute read

International Edition

Dealmaker: Simon Shooter

Bird & Bird commercial partner Simon Shooter on Latin proverbs, fly fishing and the 2:30 at Kempton...
4 minute read

International Edition

Herbert Smith advises Canon on $1.1bn bid for Euro rival

Herbert Smith has taken a lead role for Canon on the Japanese camera giant's $1.1bn (£650m) bid for Oce, Europe's biggest printer manufacturer, reports The Am Law Daily. The Herbert Smith team advising Canon was led by Tokyo corporate partner James Robinson, while Dutch firm Stibbe also took a role, with Amsterdam corporate partner Björn van der Klip leading the firm's team.
1 minute read

International Edition

Freshfields, CC take headline roles on €945m Independent restructuring

Freshfields Bruckhaus Deringer, Clifford Chance and Bingham McCutchen have advised on the on the €945m (£837m) debt restructuring of Independent News & Media (INM). The struggling Irish publisher of The Independent and The Independent on Sunday has reached a deal with creditors after some eight months of negotiations that will include a €200m (£177m) debt for equity swap, a €92m (£82m) rights issue and €150m (£133m) disposal programme.
2 minute read

International Edition

Simpson Thacher takes top role on $1.1bn Citigroup sell-off

Simpson Thacher & Bartlett has taken a lead role for Citigroup on the $1.1bn (£650m) sale of Japanese telemarketing company Bellsystem24 to private equity fund Bain Capital, reports The Am Law Daily. Simpson Thacher's team advising Citi on the sale was headed up by Tokyo-based partner David Sneider.
2 minute read

International Edition

Eversheds takes relationship with Tyco to the next level

Are Tyco and Eversheds about to move their much-debated partnership deal into something profitable and beneficial for both parties? As the pair overhaul terms for the third year of their agreement, ushering in a simplified and seemingly more practical model, the answer would appear to be yes. What had initially looked an innovative but somewhat flashy deal now appears set to offer Eversheds a more tangible return on its efforts than the marketing benefit of being seen to think outside the box.
3 minute read

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