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 helped beverage company Britvic in its acquisition of a French rival, in a move that gives it a foothold in the substantial French soft drinks market.
Linklaters corporate partner Owen Clay advised long-standing client Britvic in its €237m (£202m) purchase of Fruité. He worked with managing associate Daniel Simons on a £100m share placing to fund the purchase, and with corporate partner Vincent Ponsonnaille in Paris, who led negotiations on the acquisition.
Clay said: “It was [Britvic’s] first break-out from the UK into Europe and was well received. It [the deal] was basically done in a month.”
A&O corporate finance partner Mark Dighero acted for banks Citibank and Nomura on the placing.
Fruité turned to a team including M&A partner Jean-Marie Ambrosi at Cleary Gottlieb Steen & Hamilton, and Gregoire Guignot at local firm Deprez Guignot et Associés.
The two magic circle firms were also involved in Britvic’s 2009 renegotiation of its £300m banking facility (The Lawyer, 20 April 2009), with Linklaters advising the company and A&O the banks.