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International Edition

Slaughters and Linklaters lead on $1.1bn Shire convertible bond deal

Linklaters and Slaughter and May have acted on a $1.1bn (£555m) convertible bond issue by the UK's third-largest drugmaker, Shire.
2 minute read

International Edition

Dealmaker: Adrian Bott

One of the City's most experienced transactional media specialists, Adrian Bott heads Osborne Clarke's corporate team
4 minute read

International Edition

BA calls in Slaughters and Uria for Iberia bid

Slaughter and May has joined Spanish 'best friend' Uria Menendez to advise British Airways (BA) as it prepares to make an offer for Spanish national airline Iberia, it was announced today (23 May). BA, which currently holds a 10% stake in Iberia, has joined a consortium that includes US private equity fund TPG Capital and Spanish funds Vista Capital, Inversiones Ibersuizas and Quercus Equity. A formal approach is expected is the coming months.
1 minute read

International Edition

Manhattan duo lead GE's $12bn plastics sale

Weil Gotshal & Manges and Shearman & Sterling have bagged lead roles on the sale by General Electric (GE) of its plastics business to Saudi Basic Industries in a $11.6bn (£5.9bn) deal. Shearman advised the buyer, with firm co-managing partner John Madden and New York-based corporate partner Stephen Besen leading the team acting on behalf of Saudi.
1 minute read

International Edition

Second time lucky for Weil on Terra Firma's £3.2bn EMI bid

Weil Gotshal & Manges' London arm has landed a second high-profile bid for Terra Firma - advising the private equity house on its £3.2bn takeover of EMI. City corporate partners Marco Compagnoni and Ian Hamilton are advising the sponsor on the bid, which was agreed by EMI's board on Monday (21 May), with banking partner Richard Ginsburg handling debt issues. The instruction comes just a month after Weil Gotshal advised the private equity house on its joint bid for Alliance Boots for more than £10bn.
2 minute read

Legal Week

Second time lucky for Weil on Terra Firma's £3.2bn EMI bid

Weil Gotshal & Manges' London arm has landed a second high-profile bid for Terra Firma - advising the private equity house on its £3.2bn takeover of EMI. City corporate partners Marco Compagnoni and Ian Hamilton are advising the sponsor on the bid, which was agreed by EMI's board on Monday (21 May), with banking partner Richard Ginsburg handling debt issues. The instruction comes just a month after Weil Gotshal advised the private equity house on its joint bid for Alliance Boots for more than £10bn.
19 minute read

International Edition

Cleary, Wachtell get call on $27.5bn telecoms LBO

New York duo Cleary Gottlieb Steen & Hamilton and Wachtell Lipton Rosen & Katz have bagged the lead roles on the $27.5bn (£14bn) take-private of telecoms giant Alltel as the boom in big-ticket M&A in the US shows little sign of slowing. Cleary is advising the buyout consortium, which comprises Texas Pacific Group and the private equity arm of Goldman Sachs Group. Texas Pacific relationship partner Paul Shim led the team for the Manhattan giant, with acquisition finance partner Meme Stowers and corporate partner Duane McLaughlin assisting.
2 minute read

International Edition

Italian indies bag €100bn banking merger

Italian independents Chiomenti and Grimaldi e Associati have bagged lead roles on the latest bumper deal in the fast-consolidating Italian banking sector - the proposed merger between UniCredit and Capitalia, which would create a banking giant worth around €100bn (£68bn). Chiomenti is advising Capitalia, with corporate partner Michele Carpinelli leading the team. Grimaldi corporate partner Roberto Capelli is acting on behalf of Unicredit.
2 minute read

International Edition

City giants drink to Whyte & Mackay sale

Allen & Overy (A&O) and Linklaters have secured roles on the £595m acquisition of Scottish distiller Whyte & Mackay by India's United Spirits. Linklaters advised United Spirits on the purchase, fielding a team led in London by corporate managing associate Jessamy Gallagher and in Hong Kong by banking partners Trevor Clark and Chris Bradley. A&O advised funding providers ICICI Bank and Citigroup on debt facilities worth £325m and $618m (£313m) respectively.
2 minute read

International Edition

Herbert Smith conflict gifts Macfarlanes £8bn mandate

A Herbert Smith conflict has handed Macfarlanes the lead role opposite Freshfields Bruckhaus Deringer on the £8bn takeover of UK construction group Hanson by Germany's HeidelbergCement. Macfarlanes corporate finance partner Tim Lewis and corporate partner Graham Gibb are advising Heidelberg on its £7.85bn offer for Hanson, in the biggest-ever takeover in the building materials industry.
2 minute read

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