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International Edition

Carlsberg rights issue continues A&O hot streak

Allen & Overy (A&O) has bagged its latest lead role on a major European rights issue, acting for a clutch of banks on the DKK30.5bn (£3.2bn) issue by drinks giant Carlsberg. A&O advised BNP Paribas, Danske Markets, Lehman Brothers and Nordea Bank Denmark as underwriters on the rights issue, which launched last week.
2 minute read

International Edition

US heavyweights lead $9bn Time Warner cable sale

Cravath Swaine & Moore and Paul Weiss Rifkind Wharton & Garrison have bagged lead roles on the divestment by by Time Warner of its cable division in a $9.25bn deal, as the US media giant moves to refocus on its core television network, film and publishing operations. Time Warner - the world's largest media conglomerate - is being advised on the spin-off of Time Warner Cable by longstanding counsel Cravath, with corporate partners Richard Hall, Stephen Burns and Eric Schiele leading the deal team. Also involved for the elite Manhattan firm are finance partner Timothy Massad, tax department chair Stephen Gordon, tax partner Lauren Angelilli and employee benefits partner Eric Hilfers.
2 minute read

International Edition

Dealmaker: Mark Elsey

Ashurst infra guru Mark Elsey on public transport, Geoffrey Green's powers of persuasion and making it up in Portugal
4 minute read

International Edition

Hammonds cooks up lead role on £1bn kitchen tools buy-out

Hammonds has scored a starring role on a £1bn deal - advising Illinois Tool Works (ITW) on its takeover bid for kitchen equipment manufacturer Enodis. The firm is fielding a team led by corporate partners Giles Distin and Jane Haxby on the £1.03bn acquisition, acting alongside Kirkland & Ellis and Ropes & Gray, which are providing US advice on the deal.
2 minute read

Legal Week

Hammonds cooks up lead role on £1bn kitchen tools buy-out

Hammonds has scored a starring role on a £1bn deal - advising Illinois Tool Works (ITW) on its takeover bid for kitchen equipment manufacturer Enodis. The firm is fielding a team led by corporate partners Giles Distin and Jane Haxby on the £1.03bn acquisition, acting alongside Kirkland & Ellis and Ropes & Gray, which are providing US advice on the deal.
13 minute read

International Edition

Shearman clears up with top role on first UK clearing house initiative for 100 years

Shearman & Sterling has landed a major role advising on the first new derivatives clearing house to be approved in the UK for more than 100 years. The London arm of the New York leader has been advising US exchange operator IntercontinentalExchange (ICE) on the creation of ICE Clear Europe - which was approved by the UK Financial Services Authority (FSA) last week (13 May).
2 minute read

International Edition

Bakers closes €800m UBS securitisation deal

Baker & McKenzie has won a lead role advising UBS on the €800m (£637m) securitisation of a portfolio of Piraeus Bank's residential mortgages. The deal, which closed earlier this month, saw UBS acting as sole arranger and lead manager on the Greek bank's securitisation.
2 minute read

International Edition

Commentary: Bevan Brittan's basket just got considerably lighter

Bevan Brittan would perhaps have been well advised to follow Mark Twain's famous game plan for success - put all your eggs in one basket and then watch that basket. Instead, the firm has spent much of the last four years since its demerger from Bevan Ashford agonising over whether to spread out further beyond its undoubted public sector/health prowess.
4 minute read

International Edition

CC faces A&O on Staples' €1.5bn hostile Dutch bid

Magic circle duo Clifford Chance (CC) and Allen & Overy have taken lead roles on the €1.5bn (£1.19bn) hostile takeover approach by US office supply giant Staples for Dutch supplier Corporate Express, writes The American Lawyer. CC is advising Staples on Dutch aspects of the bid, alongside a team from Wilmer Cutler Pickering Hale and Dorr, which is advising on US law. The WilmerHale team is being led by Boston-based corporate partners Jay Bothwick, Mark Borden and Wendell Taylor.
2 minute read

International Edition

Mayer Brown steers $13bn US toll road bid

Mayer Brown and Debevoise & Plimpton have bagged lead roles on the $12.8bn (£6.58bn) privatisation of the Pennsylvania Turnpike, one of the busiest toll roads in the US, writes The American Lawyer. Mayer Brown acted alongside Philadelphia firm Ballard Spahr Andrews & Ingersoll for the state of Pennsylvania, while Debevoise advised the top bidder, a consortium comprising Spanish toll operator Abertis Infraestructuras, Barcelona-based investment firm and Abertis shareholder Criteria CaixaCorp and Citigroup's Citi Infrastructure Investors.
3 minute read

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