The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Latham & Watkins is putting preparations in place for one of the biggest European high-yield bond issues to date.
The bond will be issued by Wind, the Italian telecoms company which earlier this year was bought by Weather Investments in Europe's largest-ever leveraged buyout (LBO).
Wind launched a roadshow for the bond last week, taking in the US and Europe. It is hoping to raise €1.25bn (£850m) in a two-tranche deal denominated in euros and US dollars. The bond issue will be governed by New York law and will be issued under 144A regulations. The high-yield note is reportedly the third-largest high-yield issue in Europe.
The proceeds from the bond will be used to refinance a bridging loan taken out by Naguib Sawiris, the Egyptian businessman who owns Weather.
Latham is advising the three-bank syndicate of ABN Amro, Deutsche Bank and Sampaolo IMI that put together the debt package for the LBO, including the €1.25bn bond issue led by corporate partner Rich Trobman. Allen & Overy (A&O) is also advising the banks on the Italian aspects of the bond issue.
Weather's purchase of Wind from Enel in the summer was the biggest LBO in Europe. Weather saw off a rival bid from a consortium led by Blackstone by tabling a €12.2bn (£8.26bn) offer. Dewey Ballantine advised Weather, while Italian firm Chiomenti Studio Legale advised Enel. A&O and Latham represented the lenders on the LBO.