Deals And Transactions Legal News Coverage

International Edition

Freshfields wins Cinven role on £1.4bn BUPA deal

By a:1:{i:0;s:1:" ";} | June 21, 2007

Freshfields Bruckhaus Deringer has advised buy-out house Cinven on its £1.4bn purchase of BUPA's hospitals. The deal sees private equity partner David Higgins advise on the sale of 25 hospitals and a treatment centre. Slaughter and May advised BUPA on the transaction, with corporate partner Simon Robinson leading the team. Cinven has a history of investing in healthcare, with Higgins advising on its 2005 £552m acquisition of Partnerships in Care.

1 minute read

International Edition

Bevan Brittan lands Cornish ferry contract

By a:1:{i:0;s:1:" ";} | June 21, 2007

Bevan Brittan has won a new appointment to advise Cornwall County Council on the launch of a new passenger and freight ferry service between the mainland and the Isles of Scilly. The 71-partner regional firm will oversee the procurement of new vessels as well as major regeneration of the harbour areas in both Penzance and St Mary's. Property partner Martin Howe led the pitch team for Bevan Brittan. The project, which is due to be completed in 2011, has also generated a role for Plymouth-based shipping practice Davies Johnson & Co.

1 minute read

International Edition

Summer surge gifts top City firms big-ticket IPOs

By a:1:{i:0;s:1:" ";} | June 21, 2007

A busy seven days for initial public offerings (IPOs) has gifted corporate mandates to a raft of City law firms as the number of companies coming to market surges before the summer break. White & Case, Norton Rose and Baker & McKenzie were among the main recipients of the listings, which had a combined value of more than £3bn.

3 minute read

International Edition

KKR/Boots stand-off on pensions raises the stakes

By Georgina Stanley | June 21, 2007

Ashurst and Sacker & Partners may not have taken the main roles on Kohlberg Kravis Roberts & Co's (KKR's) £11bn takeover of Alliance Boots, but their involvement on behalf of the pension fund's trustees certainly proved crucial. The pair advised the trustees on last-minute talks with KKR to guarantee the future of the retailer's pension fund in an instruction that not only demonstrates the growing pressure on private equity deals in the UK but the increasing power of pensions funds in takeovers in general.

3 minute read

International Edition

London boutique earns its Spurs on Sugar's Tottenham share sale

By Charlotte Edmond | June 21, 2007

London boutique Wallace has landed a role opposite Slaughter and May and Herbert Smith as Sir Alan Sugar sells his stake in Tottenham Hotspur Football Club. The 10-partner firm advised sports and media group ENIC on its £25m acquisition of Sugar's 12% stake in the football club.

2 minute read

International Edition

Eversheds edges out rivals to land £450m Croydon regeneration deal

By a:1:{i:0;s:1:" ";} | June 20, 2007

Eversheds has won a substantial regeneration mandate with the UK giant landing an eye-catching role to advise the London Borough of Croydon on a £450m public-private partnership (PPP) in the region.

2 minute read

International Edition

O'Melveny advises on £75m 'ethical' fund

By Georgina Stanley | June 20, 2007

O'Melveny & Myers has advised venture capital firm Bridges Ventures on the creation and close of a £75m fund set up to invest in deprived areas of the UK. The fund, which is the second raised by the company for this purpose, exceeded its initial target by 50%. Significantly, all of the money came from private sector investors - unlike the first fund, which raised £40m of which £20m came from the Government. Investors in the new fund include HSBC, Lloyds TSB, Citi and Barclays Business Banking.

2 minute read

Legal Week

O'Melveny advises on £75m 'ethical' fund

By a:1:{i:0;s:1:" ";} | June 20, 2007

O'Melveny & Myers has advised venture capital firm Bridges Ventures on the creation and close of a £75m fund set up to invest in deprived areas of the UK. The fund, which is the second raised by the company for this purpose, exceeded its initial target by 50%. Significantly, all of the money came from private sector investors - unlike the first fund, which raised £40m of which £20m came from the Government. Investors in the new fund include HSBC, Lloyds TSB, Citi and Barclays Business Banking.

5 minute read

International Edition

Dealmaker: Stephen Lloyd

By a:1:{i:0;s:1:" ";} | June 20, 2007

Apax regular Stephen Lloyd is a partner in Ashurst's much-touted private equity team.

4 minute read

International Edition

CC and Norton Rose sail in for QE2 sale

By a:1:{i:0;s:1:" ";} | June 20, 2007

Clifford Chance (CC) and Norton Rose have advised on the $100m (£50m) sale of iconic ocean liner the QE2 to Dubai World as the vessel with its own fan club sails off into the sunset to become a luxury floating hotel. CC advised Istithmar - the real estate investment arm of government-owned Dubai World -- fielding a team led by transactional shipping partner Paul Turner, who was assisted by senior associate Alex Denoon.

2 minute read

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