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International Edition

Skadden and Gide head up €1bn disposal by Gucci parent company

Skadden Arps Slate Meagher & Flom and Gide Loyrette Nouel have taken lead roles on a €1.2bn (£1bn) disposal by Gucci owner PPR. Skadden has advised French luxury goods and retail group PPR on the deal, which will see PPR offload its furniture and household goods brand Conforama to South Africa-listed manufacturing and retail group Steinhoff International Holdings.
2 minute read

International Edition

Slaughters and CC take lead roles on GE's £800m Wellstream takeover

Slaughter and May and Clifford Chance (CC) have won lead roles on General Electric's £800m takeover of UK oil and gas services company Wellstream, reports The Am Law Daily. GE's takeover of the Newcastle-based company, which designs pipes used in undersea oil and gas drilling, is expected to close in the first quarter of 2011.
2 minute read

International Edition

Hogan Lovells and Skadden lead on landmark $1.65bn Russia retail deal

Hogan Lovells and Skadden Arps Slate Meagher & Flom have taken lead roles on a $1.65bn (£1bn) acquisition by one of Russia's largest retailers. X5 Retail Group, the retail branch of financial-industrial conglomerate Alfa Group, has acquired rival retail chain Kopeyka in a deal expected to close later this month. Hogan Lovells advised X5 with a team led by Moscow managing partner and corporate head Oxana Balayan (pictured) and senior M&A counsel Richard Cowie. London tax partner Karen Hughes also advised on the deal.
2 minute read

International Edition

Cleary and Gleiss Lutz head up EDF's $6.2bn Germany energy sell-off

Cleary Gottlieb Steen & Hamilton and Gleiss Lutz have taken the lead roles on EDF's $6.2bn (£3.9bn) sale of its stake in German energy company EnBW, reports The Am Law Daily. Cleary advised EDF on the deal, fielding a team led by M&A partner Pierre-Yves Chabert in Paris and antitrust partner Stephan Barthelmess and M&A counsel Klaus Banke in Frankfurt.
2 minute read

International Edition

M&A Team of the Year

Herbert Smith's regional focus on India and Africa combined neatly with its telecoms expertise to land it the plum role advising Bharti Airtel on its £7bn acquisition of Zain Africa, which operated in no fewer than 15 African countries. This was the second-largest overseas acquisition by an Indian company ever and handed Herbert Smith a unique set of logistical and technical challenges. The team was led by corporate partners Michael Walter and Alan Montgomery and head of global TMT Nick Elverston. Merger deals involving telecoms companies always tend to be complex because of the regulatory implications of such deals. The fact that this transaction spanned 15 African countries, including the likes of Chad, Congo-Brazzaville and Uganda, made securing regulatory approval particularly difficult.
2 minute read

International Edition

Linklaters and Davis Polk lead on Pepsi's multibillion-dollar Russian acquisition

Linklaters has won a role on PepsiCo's $3.8bn (£2.4bn) acquisition of a two-thirds stake in Moscow-based food and drink company Wimm-Bill-Dann, reports The Am Law Daily. John Goodwin, the managing partner of Linklaters's Moscow office, is serving as Russian corporate counsel to Pepsi on the deal, one of the largest ever by a US company in Russia.
2 minute read

International Edition

DLA wins Africa role for BP on latest asset sale

DLA Piper has won a role on BP's sale of stakes in several fuel marketing businesses in southern Africa to Puma Energy for $296m (£190m), reports The Am Law Daily. The UK top 10 firm is advising Puma, which is a unit of London-based Trafigura, the world's third-largest independent oil trader.
2 minute read

International Edition

New finance departure raises old question for Freshfields

Despite both being 400-plus partner law firms, there is something about senior transfers between old rivals Freshfields Bruckhaus Deringer and Linklaters that get feelings running high. And that goes double when the departures come from Freshfields' banking practice, a team that seems perennially uneasy at Fleet Street. So news last week of Chris Howard's departure for Linklaters' finance team sparked familiar tensions, leaving Freshfields feeling bruised and baffled. One disgruntled partner comments: "Linklaters seems to view our partnership as fertile hunting ground…"
4 minute read

International Edition

Arthur Cox takes lead role for Irish Government on €85bn bailout

Arthur Cox is advising the Irish Government on the recent bailout that has seen the country receive €85bn (£71.2bn) of financial aid. Managing partner Padraig O Riordain is leading a team from the Irish firm alongside head of finance Grainne Hennessy. Contributions to the bailout fund have been made by the Irish Republic, the International Monetary Fund (IMF) and the EU, including bilateral loans from the UK, Sweden and Denmark.
2 minute read

International Edition

Liverpool's former owners head for High Court in takeover damages bid

Liverpool FC's former owners are set for a return to the High Court in the latest twist in the long-running saga over the takeover of the football club. US businessmen Tom Hicks and George Gillett, who are being represented by City firm Peters & Peters and Paul Girolami QC of Maitland Chambers, are due to return to the High Court on 9-10 February next year. Hicks and Gillett are seeking to overturn an anti-suit injunction granted by Mr Justice Floyd in the High Court on 14 October, which dismissed a restraining order taken out in Texas by the pair to block the sale of the club.
2 minute read

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