Deals And Transactions Legal News Coverage

Legal Week

Bakers and Freshfields win lottery roles

By a:1:{i:0;s:1:" ";} | August 08, 2007

Baker & McKenzie and Freshfields Bruckhaus Deringer have advised on the selection process for the new operator of the UK National Lottery which yesterday (7 August) saw Camelot named as the preferred bidder. Freshfields has been advising long-standing client the National Lottery Commission on the selection process and evaluation of the bids while Bakers advised Camelot on its submission.

9 minute read

International Edition

Macfarlanes marks 3i card with healthcare sale

By Charlotte Edmond | August 08, 2007

Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006.

2 minute read

Legal Week

Macfarlanes marks 3i card with healthcare sale

By a:1:{i:0;s:1:" ";} | August 08, 2007

Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006.

11 minute read

International Edition

Lovells builds Dubai with three finance mandates

By a:1:{i:0;s:1:" ";} | August 03, 2007

Lovells' fledgling Dubai office has established itself with three sizeable Islamic finance deals in three weeks. The office, which was set up in May this…

1 minute read

International Edition

Applus LBO hands Latham Spanish boost

By a:1:{i:0;s:1:" ";} | August 02, 2007

Latham & Watkins has secured a boost for its fledgling Spanish operation after landing a lead role on the €1.48bn (£998m) buyout of Applus Servicios Tecnologicos by the Carlyle Group - the largest private equity deal in Spain for two years. Latham advised longstanding client Carlyle, fielding a Madrid-based team headed by corporate partner Jose Luis Blanco.

1 minute read

International Edition

Weil Gotshal and Freshfields bag major publishing M&A mandate

By a:1:{i:0;s:1:" ";} | August 01, 2007

Weil Gotshal & Manges' City arm has bagged a major public M&A mandate, advising opposite Freshfields Bruckhaus Deringer on the $4bn (£1.96bn) sale of educational publishing operation Harcourt.

2 minute read

International Edition

Lovells scores top mandate on Dentons and Deloitte Milton Keynes office build

By a:1:{i:0;s:1:" ";} | August 01, 2007

Lovells has scored a headline role advising on the construction of a new office development in Milton Keynes, in which fellow City rival Denton Wilde Sapte will have a major presence.

2 minute read

International Edition

Shepherds and Travers lead on £200m AIM listing

By a:1:{i:0;s:1:" ";} | August 01, 2007

Shepherd and Wedderburn and Travers Smith have taken the key roles on the £200m listing of Cayman Islands investment company Leaf Clean Energy Company, one of the largest Alternative Investment Market (AIM) fundraisings so far this year.

1 minute read

International Edition

Commentary: Freshfields bullish M&A overhaul has proved critics wrong

By a:1:{i:0;s:1:" ";} | August 01, 2007

Nearly two years ago this column recorded the derision aimed at Freshfields Bruckhaus Deringer following the self-touted revamp of its corporate team. At the time the department appointed four new sector heads to install some urgency among M&A partners, with the firm aiming to increase turnover by 20% over two years after a period in which it was conceded that the team had failed to grow. It was a move rivals dismissed as a power trip for the sector heads and predicted would create needless, artificial barriers.

4 minute read

International Edition

Freshfields secures key BAE role on VT shipbuilding tie-up

By a:1:{i:0;s:1:" ";} | August 01, 2007

Freshfields Bruckhaus Deringer and Linklaters have landed the lead roles as defence contractors BAE Systems and VT Group merge their shipbuilding operations to create the UK's leading provider of surface warships.

2 minute read

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