Corporate summary

Field Fisher Waterhouse (Marie-Caroline Frochot, David Wilkinson, Mark Sellers, Belinda Benney) advised French group Castel Frères on its purchase of off-license group Oddbins from the Seagram Group, now owned by Diageo and Pernod Ricard. Macfarlanes acted for Pernod Ricard and Slaughter & May for Diageo.

Gouldens (James Goold, Adam Greaves) advised Sovereign Capital on its provision of up to £3.95m of further equity finance to Promanex Group to assist in its buy-and-build programme, including its recent acquisition of Jefco Services. Pickerings (Simon Atherton) and Bond Pearce (Graham Jeffries) advised Bank of Scotland on its provision of £3.5m to Promanex Group of ancillary term loan and guarantee facilities.

CMS Cameron McKenna (Duncan Weston, Petr Skácel) advised BAE Systems on its successful tender with Saab to provide 24 Gripen fighter jets to the Czech government under a contract worth $1.3bn (£897.22m). As part of the deal's offset programme, Camerons advised the BAE Systems and Saab consortium on its partial acquisition of Czech aerospace company Aero Vodochody.

Allen & Overy (Cindy Cook, Alan Paul) is advising Global Air Movement (Luxembourg) SARL on its $225m (£155.29bn) acquisition of ABB's air handling business. Global Air Management, a company formed on behalf of Compass Partners European Equity Fund, will acquire 100 per cent of AAB's worldwide air handling equipment business, headquartered in Zurich, subject to regulatory approval.

Debevoise & Plimpton (Katherine Ashton, Geoffrey Burgess, Vera Losonci, Paul Brusiloff, Gary Friedman) advised Carrier 1 International on its debt restructuring for an aggregate of $160m (£110.43m) and $85m (£58.67m) of Carrier 1's senior notes. Clifford Chance advised the ad hoc group of holders of the notes.