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International Edition

BLP, CC cash in on record E1.9bn lease of Santander's Madrid base

Berwin Leighton Paisner (BLP), Clifford Chance (CC) and Allen & Overy (A&O) have won roles on Europe's biggest-ever single property sale - the E1.9bn (£1.5bn) acquisition of Banco Santander's headquarters in Madrid.The deal, which completed last month, saw the building, in Boadilla del Monte in Madrid, sold to Propinvest under a sale and leaseback agreement. The UK property company turned to Spanish leader Garrigues for local and property law advice, with real estate partner Felipe Yannone taking the lead role.
2 minute read

International Edition

Burges Salmon joins City trio on board £1.5bn Angel Trains development deal

Burges Salmon has joined a trio of City firms advising on the £1.5bn agreement between Angel Trains and French train manufacturer Alstom for new trains for the West coast mainline track.Allen & Overy (A&O), Norton Rose and Denton Wilde Sapte as well as Burges Salmon all played integral roles on the deal, which will see Angel Trains purchase four new trains and lengthen 52 existing Pendolino trains for £1.5bn, which includes a 10-year maintenance package.
2 minute read

International Edition

FFW cuddles up to Hamleys' India expansion

Field Fisher Waterhouse has scored a role for toy giant Hamleys as the iconic British retailer expands into India. The firm has acted for the company on a franchising deal with Indian conglomerate Reliance Industries for the launch of two stores in India.The agreement, thought to be worth more than £300m, sees franchising partner Mark Abell take the lead for Hamleys, acting alongside assistants Gordon Drakes and Sonal Patel. Reliance turned to Indian firm AZB & Partners partner Shuva Mandal.
2 minute read

Legal Week

FFW cuddles up to Hamleys' India expansion

Field Fisher Waterhouse has scored a role for toy giant Hamleys as the iconic British retailer expands into India. The firm has acted for the company on a franchising deal with Indian conglomerate Reliance Industries for the launch of two stores in India.The agreement, thought to be worth more than £300m, sees franchising partner Mark Abell take the lead for Hamleys, acting alongside assistants Gordon Drakes and Sonal Patel. Reliance turned to Indian firm AZB & Partners partner Shuva Mandal.
3 minute read

International Edition

Dealmaker: Will Meredith

Camerons finance head Will Meredith on overcoming a fear of cheese, trashing Austin Princesses and getting caught with your hand in the cookie jar
5 minute read

International Edition

Linklaters and A&O head up Lloyds' £12bn HBOS takeover

Linklaters and Allen & Overy (A&O) have taken lead roles on Lloyds TSB's £12.2bn rescue takeover of the UK's largest mortgage lender HBOS. Linklaters is advising Lloyds on the merger, which was put together in a matter of days last week, following HBOS's share price collapse after Lehman Brothers' shock bankruptcy filing. The magic circle law firm, which is a regular adviser to Lloyds, is fielding a team under relationship partner Jeremy Parr and corporate partner Duncan Barber. Competition partners Michael Cutting and Bill Allan are also involved in the deal, which has attracted some criticism because of the Government's decision to introduce emergency legislation allowing the merger to override competition hurdles.
2 minute read

International Edition

Commentary: Linklaters finds many silver linings on Wall St's cloud

With every day last week seemingly heralding news, or at the least rumours, of another shock bank collapse/rescue, there are clearly better times to be a lawyer in the financial services sector. But for Linklaters it seems this particular cloud has a silver lining. Rafts of firms have managed to win substantive roles in the transactions but in the UK, only Linklaters has managed to secure key positions on all three deals to date.The firm has a team of around 20 partners acting for PricewaterhouseCoopers as UK administrator on Lehman Brothers' collapse in addition to a separate team advising Lloyds TSB on its takeover of HBOS. The firm is also advising Merrill Lynch on UK aspects of its takeover by Bank of America.
4 minute read

Legal Week

Commentary: Linklaters finds many silver linings on Wall St's cloud

With every day last week seemingly heralding news, or at the least rumours, of another shock bank collapse/rescue, there are clearly better times to be a lawyer in the financial services sector. But for Linklaters it seems this particular cloud has a silver lining. Rafts of firms have managed to win substantive roles in the transactions but in the UK, only Linklaters has managed to secure key positions on all three deals to date.The firm has a team of around 20 partners acting for PricewaterhouseCoopers as UK administrator on Lehman Brothers' collapse in addition to a separate team advising Lloyds TSB on its takeover of HBOS. The firm is also advising Merrill Lynch on UK aspects of its takeover by Bank of America.
12 minute read

International Edition

Dundas takes top spot on Textron buy-out

Scots leader Dundas & Wilson has won a lead role on the $645m (£369m) acquisition of the fluid and power division of Fortune 500 firm Textron. The law firm advised regular client Clyde Blowers on the transaction, which saw the Scottish company buy the unit that encompasses four different engineering businesses in Switzerland, the UK and the US. Dundas fielded a team of around 90 lawyers from its offices in Glasgow, Edinburgh and London, working with lawyers from six other law firms on cross-border issues.
2 minute read

International Edition

Freshfields leads on $3.8bn Swiss takeover

Freshfields Bruckhaus Deringer has scored its first M&A role for chemical giant BASF after the firm last week agreed a $3.8bn (£3bn) takeover of Swiss group Ciba.The magic circle firm has landed a role alongside Swiss independent Lenz & Staehelin advising BASF on the deal. The firm is fielding a team led by London corporate partner Sarah Murphy, Brussels antitrust partners Frank Montag and Andreas von Bonin, and Washington antitrust partner Bob Schlossberg. Corporate partner Rudolf Tschani and Zurich-based Hans-Jakob Diem are leading the team for Lenz & Staehelin.
2 minute read

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