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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.
The London office of Latham & Watkins has completed its first mandate for private equity giant CVC Capital Partners.
The firm advised CVC on its acquisition of Swiss telecoms provider Sunrise from Danish telecoms operator TDC for £2.1bn.
The finance facility for the deal included a combination of senior secured bonds and bank debt.
The Latham team was led by partners Jay Sadanandan, a leveraged finance specialist who joined the firm from White & Case earlier this year, and capital markets partner Jocelyn Seitzman.
The deal is believed to be among the largest leveraged buyouts in Europe in the past year.
Sadanandan said: “We’ve grown the finance practice significantly in London and can provide clients with a one-stop shop for finance transactions. In this deal we were able to provide both bank and bond advice.”
Cravath Swaine & Moore’s London office provided the banks - Deutsche Bank, BNP Paribas, UBS, Société Générale and Unicredit – with advice on bond financing.
The team was led by London managing partner Philip Boeckman and corporate partner David Mercado. It also included associates Andrew Hale, Francesco Lione and Roberto Bruno.
The banks were also advised by Allen & Overy partner Stephen Kensell, while TDC was represented by Simpson Thacher & Bartlett London corporate partner Michael Wolfson.