The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Addleshaw Goddard has advised Tiscali UK Holdings for the first time, working on its £210m acquisition of Pipex Communications’ broadband and phone businesses.
Tiscali is a new client for Addleshaws, with the firm winning the instruction following a tender. Addleshaws’ corporate partner James Dawson led the team acting for Tiscali, the first major deal he has led on since joining the firm from Linklaters earlier this year. Dawson had acted for the company while at Linklaters.
Other team members acting for Tiscali included technology and outsourcing partner Craig Rattray and associates Marcus McConnell, Zoe Hammond and Nicola Marsden.
An SJ Berwin team acted for Pipex, led by corporate finance partner Jonathan Djanogly.
The deal saw Tiscali take over Pipex’s 650,000 phone clients and 570,000 broadband customers, boosting Tiscali’s number of broadband users to just under two million. This brings Tiscali close to Carphone in terms of customer numbers with British Telecom and Virgin not far ahead.
The purchase, which is subject to approval from Pipex’s shareholders as well as the Office of Fair Trading, is being financed through a EUR 650m (£436m) credit line from Intesa Sanpaolo and JP Morgan. This can be partially refinanced by EUR400m (£268m) in debt capital and up to EUR150m (£100m) in a capital increase.