Bottoms up for Heineken sole adviser deal

What do Eversheds and Pinsent Masons have in common? Their record-busting 2013/14 financial results for one thing, with Eversheds boosting profit to £85.4m and Pinsents smashing the £300m revenue barrier?

Or maybe it’s their success at winning sole adviser roles? Both have secured high-profile wins in recent years, with Eversheds scoring a £10m Tyco deal in 2006 and Pinsents recently winning Balfour Beatty’s mandate among others. Eversheds has since renewed its Tyco deal, now worth £16m, not once but four times since 2006.

Both firms are now in the running to win Heineken’s first sole adviser appointment when the review goes live next month. Clearly, they have the experience. Maybe that is why Freshfields Bruckhaus Deringer and CMS Cameron McKenna apparently aren’t being considered? Though CMS probably has its hands full anyway with the integration of Dundas & Wilson.

Heineken is expected to make a final decision five months from now, which means whoever wins the job should be just in time for a refreshing mulled lager in the snow.

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