The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Allen & Overy (A&O) and Linklaters have advised on the sale of part of RBS’s £3bn project finance portfolio to Mitsubishi UFJ Financial Group.
A&O advised Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International on the purchase of loans, related assets and associated derivatives.
The portfolio is worth in excess of £3bn and relates to natural resources, power and other infrastructure assets in Europe, the Middle East and Africa.
A&O Tokyo-based banking partner Aled Davies, who was assisted by London partners Stephen Mathews and Tim Arnheim, said: “We’re delighted to have been able to support the Bank of Tokyo Mitsubishi UFJ, for whom the firm has a long history of advising in the project finance area, in implementing this strategically important transaction.
“This transaction will assist the Bank of Tokyo Mitsubishi UFJ in achieving its objective of being one of the leading global project finance banks, in particular by building out its exposure to project finance assets in EMEA which will act as a platform for growth in that region.”
Linklaters advised RBS. The transaction was co-led by banking partner Benedict James and projects partner Andrew Jones.
Linklaters global head of banking and senior relationship partner for RBS Robert Elliott said: “We were very pleased to have advised RBS on this complex transaction as part of its deleveraging on the road to recovering standalone health.”