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International Edition

A&O in front seat on Dutch car maker's $400m deal to save Saab

Allen & Overy (A&O) has taken a lead role as General Motors (GM) and Spyker reached an agreement for the purchase of Saab Automobile yesterday (26 January) after months of discussions. The magic circle firm advised Spyker on the deal, which has been agreed at a cut-price value of $400m (£247m) in cash and shares, but will see the small Dutch auto maker save the Saab brand from disappearing after GM announced plans to wind down operations late last year.
2 minute read

International Edition

Linklaters and White & Case lead on $3bn Qatar merger

Linklaters and White & Case have won lead roles on a $3bn (£2bn) merger that has created the ninth-largest company listed in Qatar. The deal sees Barwa Real Estate Company take over Qatar Real Estate Investment Company (Alaqaria). The merger, which was approved earlier this month, has been backed by the Qatari Government.
2 minute read

International Edition

Skadden and Latham land roles on $4bn Japanese telecoms deal

A trio of US firms have taken lead roles on Liberty Global's $4bn (£2.5bn) sell-off of its minority stake in Japan's largest cable company to mobile phone operator KDDI, reports The Am Law Daily. Skadden Arps Slate Meagher & Flom advised Japan's KDDI on the acquisition of Liberty's 38% stake in Jupiter Telecommunications, fielding a team led by Tokyo-based partner Mitsuhiro Kamiya.
2 minute read

International Edition

Eight partners to join Clydes as firm confirms Shadbolt merger details

Clyde & Co has finalised plans to acquire parts of construction boutique Shadbolt, it was announced today (25 January). The UK top 20 firm is set to take over Shadbolt's London-based construction and infrastructure projects and disputes groups, as well as its UK corporate practice and Paris office.
3 minute read

International Edition

Palmer set to lead corporate in Herbert Smith practice shake-up

Herbert Smith is gearing up for a management overhaul of its practice groups, with partners set to vote on new leaders for the corporate, litigation and finance practices. Finance partners Ewen Fergusson and Malcolm Hitching are going head-to-head to lead the finance group after the practice's incumbent head, Jason Fox, decided to stand down after five years in the role and return to full-time fee-earning work.
2 minute read

International Edition

Magnusson appoints new head in Stockholm arm

Swedish law firm Magnusson has appointed a new managing partner in its Stockholm office, with corporate partner Carl Oestring set to take on the role. Oestring will succeed the firm's founding partner, Per Magnusson, who has stepped down from the post in a bid to encourage new managers to come through. Magnusson will remain the firm's senior partner and chairman of the management board.
2 minute read

International Edition

Dewey and Simmons take lead on acquisition of commodity trading firm

A raft of firms including Dewey & LeBoeuf and Simmons & Simmons have won roles on the proposed acquisition of a uranium company set to create a group worth more than £400m. The deal will see Canada's Uranium Participation Corporation (UPC) take over Guernsey-based Uranium Limited, which is valued at around £84m.
2 minute read

International Edition

Deal lawyers' mood brightens as 2009 marks bottom of market

Exactly 12 months ago this column suggested that the M&A deal drought of 2009 would be reminiscent of the post-dot com gloom in 2003, and it was true. This year, however, is harder to call. The latest figures from Legal Week's exclusive data provider Mergermarket confirm what all M&A lawyers knew: 2009 was a bleak year for transactional lawyers, with global deal values just shy of $1,800bn (£1,103bn) compared to $2,427bn (£1,488bn) in 2008. The good news is that most signs suggest that the bottom has already been passed, with the final quarter of 2009 managing a modest if fairly broad revival. That revival looks set to trudge into 2010, even if there is little evidence of a dramatic rebound.
4 minute read

International Edition

Former DLA partner joins Dorsey's City arm

Dorsey & Whitney has boosted its London corporate capabilities with the hire of former DLA Piper partner Kate Francis. Francis, who resigned from DLA last August, becomes the tenth corporate partner in Dorsey's London office. She joined the partnership at DLA in 2005 and her practice focuses on capital markets and M&A.
2 minute read

International Edition

Freshfields and DLA lead on Sullivan and Gold's takeover of West Ham

Freshfields Bruckhaus Deringer, DLA Piper, and Jones Day have scored lead roles on the takeover of West Ham United FC. David Gold and David Sullivan, the former owners of Birmingham City FC, have bought a 50% stake in the Premier League club - valuing it at £105m - from asset management company CB Holding, whose major shareholder is Icelandic bank Straumur.
2 minute read

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