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International Edition

Sullivan and Simpson secure $26bn Hilton buy-out

Elite New York law firms Sullivan & Cromwell and Simpson Thacher & Bartlett have scooped lead roles of the latest private equity mega-deal in the US - Blackstone's $26bn (£12.9bn) takeover of Hilton Hotels. Sullivan is acting for the hotel group on the deal, which was announced yesterday (3 July), with Los Angeles-based corporate partners Alison Ressler and Patrick Brown spearheading the team.
1 minute read

International Edition

KKR, Permira fancy Freshfields for €3bn SBS sale

Freshfields Bruckhaus Deringer and Milbank Tweed Hadley & McCloy have scooped lead roles on the €3.3bn (£2.2bn) sale of broadcaster SBS to German TV station ProSiebenSat.1 Media. Freshfields is advising the sellers, private equity groups Kohlberg Kravis Roberts & Co (KKR) and Permira, with Frankfurt-based corporate partner Andreas von Werden spearheading the team for the City giant.
1 minute read

International Edition

Manhattan duo lead latest monster take-private

Manhattan rivals Sullivan & Cromwell and Weil Gotshal & Manges have bagged lead roles on the latest mega buy-out as communications group Bell Canada Enterprises (BCE) is taken private in a C$51.7bn (£24.2bn) deal. Weil Gotshal is advising the purchasing consortium, which is being led by Teachers Private Capital and includes Providence Equity Partners and Madison Dearborn Partners. Sullivan is acting for the target, with M&A partners James Morphy, George Sampas and Donald Crawshaw spearheading the team.
1 minute read

International Edition

Ashurst acts for Quinlan on £1bn Citi HQ sale

Ashurst has landed its first instruction for Irish financier Derek Quinlan, advising opposite SJ Berwin and Allen & Overy (A&O) on his £1bn acquisition of Citigroup's London headquarters with PropInvest. Ashurst won the appointment around a month ago through its position as a regular adviser to Glenn Maud's PropInvest. Real estate head Adrian Dear led the team on the latest deal, alongside partner Susan Roy and tax head John Watson.
2 minute read

Legal Week

Ashurst acts for Quinlan on £1bn Citi HQ sale

Ashurst has landed its first instruction for Irish financier Derek Quinlan, advising opposite SJ Berwin and Allen & Overy (A&O) on his £1bn acquisition of Citigroup's London headquarters with PropInvest. Ashurst won the appointment around a month ago through its position as a regular adviser to Glenn Maud's PropInvest. Real estate head Adrian Dear led the team on the latest deal, alongside partner Susan Roy and tax head John Watson.
6 minute read

International Edition

Wachtell in multibillion-dollar buy-out deal triple

Wachtell Lipton Rosen & Katz has acted on three major buy-out deals in the last few weeks worth a combined value of more than $35bn (£17.6bn), as the leading New York firm continues to benefit from the surging US private equity market.
2 minute read

International Edition

Commentary: The inconvenient truth about clean energy bandwagon

Deal Week noted recently what could be termed as the 'Macquarie effect' on the global projects market - the popularity of privately-financed transport schemes and buy-out style acquisitions in the infrastructure sector, especially in the US.
4 minute read

International Edition

Ashurst in the picture for lead role on Jessops restructuring

Ashurst has edged Eversheds aside to advise camera retailer Jessops on the restructuring that has seen it close 81 stores and make 550 redundancies.
2 minute read

International Edition

Herbert Smith and Linklaters lead on Merrill's City HQ sale and leaseback

Herbert Smith and Linklaters have taken lead roles on the £480m acquisition of Merrill Lynch's London headquarters (HQ).
2 minute read

International Edition

LG, Sullivan advise on Goldman AIM first

LG and Sullivan & Cromwell have advised on a E500m (£337m) Alternative Investment Market (AIM) share placing for Dolphin Capital Investors in a deal that marks Goldman Sachs' first foray as an underwriter on the exchange.
2 minute read

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