The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Dickson Minto has secured a key role in Ireland's largest initial public offering (IPO) of the year, the dual flotation of Cantrell & Cochrane (C&C) on the Dublin and London stock exchanges. Top Irish firm McCann FitzGerald and Matheson Ormsby Prentice are also involved for C&C and the financial advisers. The listing, which has been in the pipeline since last year, has been slated for May or June of this year, with a market cap of around e1.3bn (£794.9m) envisaged. UK private equity group BC Capital owns over 90 per cent of C&C, with around 8 per cent of shares in the hands of C&C's management. C&C, a drinks and snacks company, was bought out by the management in 1998 with the backing of BC Capital. This followed a decision by the company's original backer Allied Domecq to withdraw from a planned flotation of C&C shares. Both Dicksons and McCanns have been involved with C&C since the 1998 management buyout (MBO), which both firms acted on. McCanns is C&C's main Irish corporate adviser, while Dicksons handles C&C's international corporate work. The firm is also BC Capital's main adviser. Julia Conlan and David Byers led the team for McCanns, although the C&C client relationship partner is Guy French, who has worked with the firm since before the MBO. Dicksons senior partner Alastair Dickson is handling the UK listing for C&C. Although things are picking up, IPOs are still thin on the ground in the UK and the deal is of a decent size even for the London market. Dickson said: "This isn't a huge deal for us, but it's a great one for us to be involved with at the moment. It's a crucial deal for the flagging Irish market, where it will probably be the biggest IPO of the year." McCanns head of corporate Barry Devereux confirmed: "This is a very significant deal for Ireland." The appointment is good news for McCanns, which is defending a case brought against the firm by the Bank of Scotland (The Lawyer, 25 February). The bank claims there was a conflict of interest in advice given by McCanns on the Four Seasons Hotel development, which it partly financed. On the C&C IPO, Matheson Ormsby Prentice has also been appointed to advise the joint global coordinators Goldman Sachs and Schroder Salomon Smith Barney.