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International Edition

Commentary: Capital markets lawyers cross fingers for return of public float

Will they, won't they? And if they do, when? Initial public offerings (IPOs), still the bellwether for market confidence, have been all but absent in 2009. As such, for many lawyers, the real test of whether recovering markets can deliver deals will be if 2010 can make good on the predictions that the IPO market will reopen for business.
3 minute read

International Edition

Freshfields and Slaughters lead on Barclays' £226m Standard Life buyout

Freshfields Bruckhaus Deringer and Slaughter and May have taken lead roles on Barclays' £226m acquisition of Standard Life. The sale of the UK mortgage and savings business of Standard Life will see 268 employees in Edinburgh move over to Barclays, with the Standard Life Bank name dropped altogether. The deal is expected to close in early 2010.
2 minute read

International Edition

Freshfields heads up firms on ING restructuring and €7.5bn rights issue

Freshfields Bruckhaus Deringer, Sullivan & Cromwell and Stibbe have all landed roles on ING's restructuring, which includes a €7.5bn (£6.8bn) rights issue. Sullivan and Stibbe have been instructed to advise on the bank's rights issue, which was launched yesterday (26 October) as part of a wider restructuring that will see the Dutch banking giant split into two.
2 minute read

International Edition

UK trio win out in Standard Life Investments panel review

Dundas & Wilson, Herbert Smith and Addleshaw Goddard have all been reappointed to Standard Life Investments' real estate funds panel. The firms successfully tendered to remain on the real estate funds panel for another three years, with Dundas & Wilson set to carry out all property work in Scotland, while Herbert Smith and Addleshaws will continue to advise on property work in England.
2 minute read

International Edition

Dealmaker: Mark Stewart

Clifford Chance's Mark Stewart on the changes facing the profession and cringeworthy jargon...
3 minute read

International Edition

Magic circle trio check in for lead roles on BAA's £1.5bn Gatwick sale

Allen & Overy (A&O), Slaughter and May and Freshfields Bruckhaus Deringer have taken lead roles on airport operator BAA's £1.5bn sale of Gatwick airport to Global Infrastructure Partners (GIP). Slaughters took the lead for GIP, acting opposite Freshfields on the acquisition, which was agreed last night (20 October). The magic circle firm fielded a team led by corporate partner Mark Horton for the investment fund, which also owns London City Airport.
2 minute read

International Edition

New book highlights Sullivan lawyer's central role in bank bailouts

It's not news that Sullivan & Cromwell's Rodgin Cohen was among the handful of key players who determined the course of last year's federal bailout. In 2008, The American Lawyer named him Dealmaker of the Year because of his involvement in almost every key bailout deal, from helping AIG secure its initial $85bn (£51bn) lifeline, to convincing Goldman Sachs to become to a bank holding company and advising Lehman Brothers before it filed for bankruptcy.
3 minute read

International Edition

CC, Freshfields and Latham lead on billion-pound Barclays stake sale

Clifford Chance (CC), Freshfields Bruckhaus Deringer and Latham & Watkins have taken key roles on Qatar Holdings' sell-off of part of its stake in Barclays Bank. The sale - which amounts to around 50% of the warrants the Middle East investment company acquired last October - could raise in the region of £1.4bn, £750m of which will be paid to Barclays.
2 minute read

International Edition

Freshfields reshuffles corporate: can the winning streak continue?

Good bench, strength in depth, sensible management and flair - you would be forgiven for thinking Deal Week has lapsed into football punditry. But even if it can't match the glamour of the Premier League there's one team that currently gets City lawyers reaching for the sporting superlatives: Freshfields Bruckhaus Deringer's on-form corporate practice.
3 minute read

International Edition

Freshfields, CC lead on CVC's $2bn buyout of AB InBev CEE breweries

Freshfields Bruckhaus Deringer has advised key private equity client CVC Capital Partners on the biggest buyout of the year so far. CVC has agreed a deal worth $2.23bn (£1.36bn) to purchase the Central and Eastern European operations of Anheuser-Busch InBev across nine countries, in one of the largest private equity deals ever carried out in the region. The acquisition will give CVC control of the Staropramen beer brand.
2 minute read

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