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International Edition

Orrick rules out SJ Berwin merger in email to firm's partnership

Orrick Herrington & Sutcliffe has decided against a merger with SJ Berwin, according to an email sent by chairman Ralph Baxter to the firm's partnership on Monday night (3 May), writes the Am Law Daily. The email does not give offer specific reasons why Orrick is abandoning a potential deal but it does confirm that the two firms had considered a tie-up.
2 minute read

International Edition

Freshfields checks in for antitrust role on $3bn United-Continental tie-up

Freshfields Bruckhaus Deringer has taken a role alongside a trio of US firms on the $3bn (£2bn) tie-up of United Airlines and Continental Airlines, reports The Am Law Daily. The deal, which has created the world's largest carrier by passenger traffic, will see the newly-merged company retain the name United. Both carriers had previously considered a merger two years ago, but that deal collapsed over concerns about oil prices and $537m (£353m) in first-quarter losses by United that year.
3 minute read

International Edition

CC seals corporate boost with hire of top-rated Macfarlanes M&A partner

Clifford Chance (CC) has secured a major boost for its corporate team with the hire of Tim Lewis from Macfarlanes. M&A partner Lewis has worked on a number of key deals for Macfarlanes, including the $9bn (£5.5bn) acquisition of Vin & Spirit by Pernod Ricard and the £8bn buyout of UK building materials company Hanson by HeidelbergCement.
1 minute read

International Edition

Elite trio take top roles on US Treasury's Citigroup share sale

Simpson Thacher & Bartlett is advising the US Treasury on its plan to unload 7.7 billion government-owned Citigroup shares in a series of sales rather than all at once, reports The Am Law Daily. The US Government has retained Morgan Stanley to prepare the sale and place the initial batch of 1.5 billion Citi shares on the market, with Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton sharing the job of advising Morgan Stanley.
3 minute read

International Edition

Holman hires Blake Dawson partner for Singapore practice

Holman Fenwick Willan has hired a Blake Dawson partner in a boost for the UK law firm's corporate and projects practice in Singapore. James Donoghue will join Holman Fenwick from the Australian leader's Jakarta office on 1 May. Donoghue, whose practice focuses on the energy and resources sector, has been involved in many of the electricity privatisation programmes in Australia, including taking a lead role in advising Queensland Government-owned Tarong Energy on its joint venture with Mitsui and the Tokyo Electric Power Company on the Tarong North Power Station.
1 minute read

International Edition

Memery Crystal replaces MP role with new chief exec

Memery Crystal has appointed corporate partner Lesley Gregory to the newly-created role of chief executive, as the City law firm phases out the managing partner position. Gregory has been appointed to the top role for a three-year term, replacing existing managing partner Harvey Rands, who will step down on 30 April.
2 minute read

International Edition

Travers and Burges Salmon advise on millionaire's Bath Rugby buyout

Travers Smith and Burges Salmon have taken lead roles on the acquisition of Bath Rugby Club by multi-millionaire supporter Bruce Craig. Travers corporate head Chris Hale led the team advising Craig, who purchased the club from English entrepreneur Andrew Brownsword, who has been the majority shareholder of the club for the past 14 years. Hale was joined by senior corporate associate James Renahan and banking partner Andrew Gregson.
2 minute read

International Edition

Bakers appoints former M&A chief as head of City corporate team

Baker & McKenzie has appointed Tim Gee as its London head of corporate, replacing long-serving partner Michael Caro. Gee, who previously headed the firm's global M&A group, will take up the new role on 1 May. He has been a partner at Bakers for 16 years, having joined the firm in 1984.
2 minute read

International Edition

Freshfields and Weil Gotshal lead on £500m private equity buyout of DFS

Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have won roles on a £500m private equity deal that sees Advent International take over UK furniture retailer DFS. DFS and Lord Kirkham, the founder and owner of the company, were advised by a Freshfields team led by finance partner Chris Howard and corporate partner Andrew Hutchings.
2 minute read

International Edition

Freshfields and Herbert Smith lead on Deutsche Bahn's £1.59bn Arriva buyout

Freshfields Bruckhaus Deringer has taken a lead role advising Deutsche Bahn on its £1.59bn acquisition of European public transport services provider Arriva. The magic circle firm's team was headed up by corporate partners Barry O'Brien and Piers Prichard Jones in London and Thomas Buecker in Frankfurt.
2 minute read

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