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.
Freshfields Bruckhaus Deringer has shored up its relationship with private equity house Permira on the purchase of pan-European TV and radio broadcaster SBS Broadcasting.
Freshfields, which handles the bulk of Permira's German work, has had to face a challenge from Clifford Chance (CC) for German mandates in recent times. Earlier this year Permira instructed CC's Frankfurt office on its ultimately unsuccessful bid for E.on subsidiary Ruhrgas Industries.
Freshfields' Frankfurt office advised joint buyers Permira and Kohlberg Kravis Roberts (KKR) on the deal. The private equity houses will pay EUR1.69bn in cash for all of SBS’ assets and assume its debts of around EUR1.864bn. The transaction values SBS at EUR2.1bn.
Following the purchase SBS will be liquidated and the cash purchase price, together with proceeds from the exercise of share options, will be distributed to shareholders.
Freshfields fielded a large international team of lawyers led by private equity specialist Andreas von Werder and technology, media and telecoms partner Thomas Tschentscher. Additional partners working on the deal included Don Guiney (London), Bob Schlossberg (Washington) and Winfred Knibbeler (Amsterdam).
Freshfields advised Permira on US law and represented Permira and KKR on aspects of the deal in all other jurisdictions.