Deals And Transactions Legal News Coverage

International Edition

By Charlotte Edmond | January 31, 2007

Slaughter and May and Linklaters are advising on Marks & Spencer's (M&S) pensions restructuring, as the retailer pours £500m into its pension pot via a property partnership. Slaughters corporate partner Andy Ryde advised the UK retail giant along with finance partner Marc Hutchinson, tax partner Steve Edge, property partner David Waterfield and pensions partner Roland Doughty. Linklaters managing associate Isabel France advised the pensions fund trustees.

2 minute read

Legal Week

Slaughters leads on M&S pensions deal

By a:1:{i:0;s:1:" ";} | January 31, 2007

Slaughter and May and Linklaters are advising on Marks & Spencer's (M&S) pensions restructuring, as the retailer pours £500m into its pension pot via a property partnership. Slaughters corporate partner Andy Ryde advised the UK retail giant along with finance partner Marc Hutchinson, tax partner Steve Edge, property partner David Waterfield and pensions partner Roland Doughty. Linklaters managing associate Isabel France advised the pensions fund trustees.

3 minute read

International Edition

Forsters and BLP lead on £500m Tesco sale lease

By Georgina Stanley | January 31, 2007

Property boutique Forsters and Berwin Leighton Paisner (BLP) have taken the lead roles on a joint venture worth almost £500m between the BA Pension Fund and supermarket chain Tesco.The deal involved the two teaming up for a property joint venture worth around £445m through the sale and leaseback of 16 properties in Tesco's UK portfolio.It is part of Tesco's plan, announced in April 2006, to secure £5bn over five years through an extensive sale and leaseback programme of its properties. Forsters started working on the transaction for longstanding client the BA Pension Fund in November last year, with the deal closing shortly before the end of 2006.

2 minute read

Legal Week

Forsters and BLP lead on £500m Tesco sale lease

By a:1:{i:0;s:1:" ";} | January 31, 2007

Property boutique Forsters and Berwin Leighton Paisner (BLP) have taken the lead roles on a joint venture worth almost £500m between the BA Pension Fund and supermarket chain Tesco.The deal involved the two teaming up for a property joint venture worth around £445m through the sale and leaseback of 16 properties in Tesco's UK portfolio.It is part of Tesco's plan, announced in April 2006, to secure £5bn over five years through an extensive sale and leaseback programme of its properties. Forsters started working on the transaction for longstanding client the BA Pension Fund in November last year, with the deal closing shortly before the end of 2006.

4 minute read

International Edition

Middle East client hands Jones Day $128m role on Mauritania oil deal

By a:1:{i:0;s:1:" ";} | January 31, 2007

Jones Day has acted opposite Linklaters on a $128m (£65m) acquisition of the entire Mauritania interests of BG Group to the Kuwait Foreign Exploration Company (KUFPEC).Jones Day's London arm represented existing client KUFPEC, with the head of its oil and gas practice, Peter Roberts, leading the team along with associate Mai Al-Matrook.

1 minute read

International Edition

Norton Rose's £500m Bahraini coup

By a:1:{i:0;s:1:" ";} | January 31, 2007

Norton Rose's corporate and finance departments have advised three Bahrain Government bodies on the $506m (£257m) acquisition of a stake in Bahrain Telecommunications Company (Batelco) from Cable & Wireless (C&W). Norton Rose was first instructed on the deal - said to be the largest telecoms deal to date in Bahrain - last November. It secured the mandate due to its longstanding relationship with Bahrain's Ministry of Finance. London corporate partner Campbell Steedman led the Norton Rose team and was assisted by Patrick Watson-Thorp in Bahrain.

2 minute read

International Edition

Deals: Property 01/02/2007

By a:1:{i:0;s:1:" ";} | January 31, 2007

Forsters property partner Glenn Dunn has advised Invista Real Estate Investment Management on the purchase of two West Midlands warehouses for £26.7m. Wragge & Co real estate associate Mark Blair acted for the warehouse developers Rosemound Developments, which was also the seller of one of the properties. The other seller, GE Commercial, was advised by DLA Piper London property partner Richard Crossfield.

1 minute read

International Edition

Deals: M&A 01/02/2007

By a:1:{i:0;s:1:" ";} | January 31, 2007

Osborne Clarke corporate partner Jonathan King has advised communications software company Ubiquity Software Corporation on its £76m takeover by telecoms network company Avaya. Simmons & Simmons corporate partner Alistair Bird advised Avaya.

1 minute read

International Edition

Slaughters joins Linklaters for £575m Egg sale

By a:1:{i:0;s:1:" ";} | January 30, 2007

Slaughter and May has landed a lead advisory role opposite Linklaters on Prudential's £575m sale of internet banking business Egg to Citigroup. Slaughters is advising Prudential on the sale, while magic circle rival Linklaters is acting on behalf of US financial services giant Citigroup.

1 minute read

International Edition

Apax hands Ashurst Swedish healthcare sale

By Georgina Stanley | January 29, 2007

Ashurst has won the lead role on a €2.85bn (£1.87bn) disposal of Swedish healthcare company Molnlycke for private equity house Apax.The top 10 City firm ran two separate teams with one advising Apax on the exit and another acting for Molnlycke on a listing on the London Stock Exchange proposed as an alternative exit option.

2 minute read

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