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International Edition

Commentary: Sovereign wealth funds set to reign on international stage

Ask top buy-out advisers if they have considered tapping into sovereign wealth funds and many will explain that they have been 'monitoring' these bodies for years. But the current indications are that 'monitoring' is swiftly about to become code for 'aggressively targeting' as M&A advisers scramble to get in on the ground floor with clients who look unaffected by the credit squeeze. As such, it is little surprise that private equity leader Clifford Chance (CC) has set up an informal cross-practice covering the area while sector rival Ashurst is considering setting up a similar team.
4 minute read

International Edition

Dealmaker: Campbell Steedman

Norton Rose international man of mystery Campbell Steedman heads the firm's M&A practice in the Middle East
5 minute read

International Edition

A&O claims pole position in '07 DCM tables

Allen & Overy (A&O) has held on to top spot in the latest international debt capital markets rankings, with the magic circle firm seizing an 8% market share for 2007. A&O advised managers on 651 deals worth a combined $331.8bn (£170.4bn) over the last year to top the table, compiled by Thomson Financial.
2 minute read

Legal Week

A&O claims pole position in '07 DCM tables

Allen & Overy (A&O) has held on to top spot in the latest international debt capital markets rankings, with the magic circle firm seizing an 8% market share for 2007. A&O advised managers on 651 deals worth a combined $331.8bn (£170.4bn) over the last year to top the table, compiled by Thomson Financial.
9 minute read

International Edition

Links and Herbies bag £1.2bn Biffa buy-out

Linklaters and Herbert Smith have taken the lead roles on the £1.2bn acquisition of waste management company Biffa by a private equity consortium. Linklaters advised the buyers, which were led by longstanding Silk Street clients Montagu Private Equity and Global Infrastructure Partners (GIP). Private equity partner Richard Youle and banking partner Adam Freeman led the team for the City giant.
2 minute read

International Edition

LG wins new client with role on £600m care home refinancing

LG has scored a new client, advising healthcare company Caring Homes Group on a £600m refinancing of its business with Bank of Scotland.LG fielded a team under corporate partner Hugh Maule and finance partner Charles Malpass advising Caring Homes on the refinancing, which has seen the company restructure existing debt facilities as well as taking on additional equity. The company initially appointed LG as an ad viser around a year ago but the firm only won this deal, its first for the client, following a competitive pitch process last summer.
2 minute read

Legal Week

LG wins new client with role on £600m care home refinancing

LG has scored a new client, advising healthcare company Caring Homes Group on a £600m refinancing of its business with Bank of Scotland.LG fielded a team under corporate partner Hugh Maule and finance partner Charles Malpass advising Caring Homes on the refinancing, which has seen the company restructure existing debt facilities as well as taking on additional equity. The company initially appointed LG as an ad viser around a year ago but the firm only won this deal, its first for the client, following a competitive pitch process last summer.
13 minute read

International Edition

Commentary: Russian IPOs - hoping East keeps on meeting West

As a cautious breed, lawyers are often the last to get excited about what they read in the press. So when claims emerged last week that Russian aluminium giant RUSAL was planning to turn its back on London in favour of a float in Hong Kong, many senior capital markets lawyers were yet to press the panic button. But whether or not there are any legs to the story, one firm that should view such talk as a warning shot is Ashurst. The City firm is advising on the listing alongside Cleary Gottlieb Steen & Hamilton, but would risk losing its role if the offer moves away from London, as it has no office in Hong Kong.The stakes are considerable - Ashurst has advised RUSAL, the world's largest aluminium producer, on most of its biggest corporate deals to date, a track record that has made the company one of its most lucrative clients. The firm is currently advising on its acquisition of a stake in Norilsk Nickel and took a lead role on its $30bn (£15.2bn) merger with Sual in 2006.
4 minute read

International Edition

DLA and Field Fisher full steam ahead on Deutsche Bahn's UK rail group purchase

Field Fisher Waterhouse and DLA Piper have won lead roles advising on German train operator Deutsche Bahn's acquisition of UK railway group Laing Rail. The acquisition, which marks Deutsche Bahn's first foray into the UK passenger market, took place after a competitive auction process run by investment manager Henderson Equity Partners, which bought the John Laing group in 2006.Field Fisher took on its first role for Deutsche Bahn after being instructed last year through an informal selection process. The City law firm's team was led by corporate partners Nicholas Thompsell and Nigel Taylor. DLA Piper was instructed by Henderson Equity Partners and John Laing to advise on the auction.
2 minute read

International Edition

Dealmaker: Alan Samson

Confirmed deal junkie Alan Samson co-heads Gibson Dunn & Crutcher's highly rated real estate team
4 minute read

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