The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Corporate partners James Milne and Mark Geday led at Herbert Smith. The team had advised Blackstone in the past, including its £2.5bn acquisition of Scottish & Newcastle pubs as part of Spirit Amber Holdings. Last year, Blackstone acquired Cadbury Schweppes’ European drinks interests.
Herbert Smith worked closely with Simpson Thacher, whose team was headed by corporate partner Michael Wolfson and finance partner Euan Gorrie.
At A&O, corporate partner David Wootton and Mark Gearing led with senior associate Gordon Milne for UB.
The way had been cleared for Blackstone and PAI to successfully bid for UB by Premier Foods, which owns the Branston and Ambrosia brands, bowing out of the running in September. That also removed a potential conflict of interest for A&O, which in addition to representing UB was advising the financing of Premier’s bid.
The deal will be financed through equity split equally by PAI and Blackstone as well as debt financing. JPMorgan was the lead financial adviser, advised by Linklaters.