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International Edition

Norton Rose and DLA Piper outstrip competition in AIM client rankings

Norton Rose and DLA Piper continue to boast the broadest base of clients listed on London's Alternative Investment Market (AIM), with the duo topping new quarterly client rankings released this week.Norton Rose maintained its position of advising more AIM-listed clients than its UK rivals, with the top 10 City firm holding a client base of 65 businesses, according to Hemscott statistics.The figures - which are taken from deals during the period from the beginning of October to the beginning of January - rank DLA Piper in second place, closing the gap on Norton Rose by gaining four clients over the quarter to bring the firm to 59 in total.
4 minute read

Legal Week

Norton Rose and DLA Piper outstrip competition in AIM client rankings

Norton Rose and DLA Piper continue to boast the broadest base of clients listed on London's Alternative Investment Market (AIM), with the duo topping new quarterly client rankings released this week.Norton Rose maintained its position of advising more AIM-listed clients than its UK rivals, with the top 10 City firm holding a client base of 65 businesses, according to Hemscott statistics.The figures - which are taken from deals during the period from the beginning of October to the beginning of January - rank DLA Piper in second place, closing the gap on Norton Rose by gaining four clients over the quarter to bring the firm to 59 in total.
37 minute read

International Edition

Magic circle firms eye M&B pub chain sell-off

A raft of City firms, including Slaughter and May, Freshfields Bruckhaus Deringer and Allen & Overy (A&O), are in line to win roles on the potential sale of pub and restaurant company Mitchells & Butlers (M&B). The company, which owns chains such as Harvester and O'Neill's, last week (29 January) admitted it was open to offers after revealing a £274m post-tax loss from hedging an aborted property transaction with Robert Tchenguiz in 2007.
2 minute read

Legal Week

Magic circle firms eye M&B pub chain sell-off

A raft of City firms, including Slaughter and May, Freshfields Bruckhaus Deringer and Allen & Overy (A&O), are in line to win roles on the potential sale of pub and restaurant company Mitchells & Butlers (M&B). The company, which owns chains such as Harvester and O'Neill's, last week (29 January) admitted it was open to offers after revealing a £274m post-tax loss from hedging an aborted property transaction with Robert Tchenguiz in 2007.
6 minute read

International Edition

US trio lead on Microsoft's $44.6bn Yahoo bid

Skadden Arps Slate Meagher & Flom is leading a heavyweight line up of advisers on Microsoft's $44.6bn (£22.6bn) approach for web rival Yahoo. The New York firm is advising Yahoo on the deal, while Simpson Thatcher & Bartlett and Cadwalader Wickersham & Taft are understood to be acting for Microsoft.
4 minute read

International Edition

Cleary called in for Reliance's record Indian IPO

Cleary Gottlieb Steen & Hamilton has bagged a lead role advising on the $2.93bn (£1.48bn) initial public offering (IPO) of Indian energy group Reliance Power - understood to be the largest IPO seen to date in the key emerging market. Cleary advised the underwriters, led by investment banks Kotak Mahindra Capital Company and UBS Securities India, on the listing on the Bombay Stock Exchange and the National Stock Exchange of India.
2 minute read

International Edition

New York giants lead on $19bn Citi fundraising

Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell are among a clutch of US firms to have claimed advisory roles on a major finance deal that will see sovereign funds totalling $12.5bn (£6.3bn) dispensed to US banking giant Citigroup. Cleary and Sullivan acted as counsel to Citigroup, which has raised $12.5bn through private placements with investors including the investment arms of the Singapore and Kuwaiti governments.
2 minute read

International Edition

CC celebrates $14bn Chinalco corporate coup

Clifford Chance (CC) has won a high-profile mandate to advise the Aluminium Corporation of China (Chinalco) on its joint acquisition with Alcoa of a 12% stake in Rio Tinto for around $14bn (£7bn). The deal marks CC's first instruction from the client and is thought to represent the largest-ever overseas investment by a Chinese company. The move could block the efforts of Anglo-Australian mining company BHP Billiton to buy Rio Tinto.
2 minute read

Legal Week

CC celebrates $14bn Chinalco corporate coup

Clifford Chance (CC) has won a high-profile mandate to advise the Aluminium Corporation of China (Chinalco) on its joint acquisition with Alcoa of a 12% stake in Rio Tinto for around $14bn (£7bn). The deal marks CC's first instruction from the client and is thought to represent the largest-ever overseas investment by a Chinese company. The move could block the efforts of Anglo-Australian mining company BHP Billiton to buy Rio Tinto.
15 minute read

International Edition

A&O keeps up the pace post-Vinter to dominate global projects league

Allen & Overy (A&O) has topped the closely-watched global project finance league tables, storming ahead of rivals in both value and volume rankings. The 2007 Infrastructure Journal tables for legal advisers on global project finance deals show A&O leading the way after advising on 82 deals with a combined value of $68bn (£34.2bn).
3 minute read

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