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, Hengeler Mueller, Latham & Watkins and Sullivan & Cromwell have secured roles on a e3.2bn (£2.76bn) joint takeover offer for engine-maker Tognum by Daimler and Rolls-Royce.
The magic circle firm is advising Daimler, which follows on from it landing the prize mandate acting for the car manufacturer on its three-way tie-up with Renault and Nissan last year. The Freshfields team on the Tognum bid is being led by corporate partners Andreas Fabritius and Christoph Gleske in Frankfurt and Ferdinand Fromholzer in Munich.
Hengeler is acting for Roll-Royce, fielding a team led by co-managing partner Matthias Hentzen and Andreas Austmann, alongside fellow Düsseldorf corporate partners Oliver Rieckers and Alexander Nolte. Partners Markus Röhrig and Dirk Uwer are advising on the competition and regulatory aspects respectively.
Latham Frankfurt corporate partners Hans-Jürgen Lütt and Wilhelm Reinhardt are leading the transaction for Tognum.
Frankfurt corporate partner Carsten Berrar is leading the Sullivan team acting for Goldman Sachs in its capacity as financial adviser to Daimler on the bid.
Daimler currently holds 28.4 per cent of Tognum’s shares, which under German law means it has the power to veto other potential bidders for the company.
Daimler, the maker of Mercedes-Benz automobiles, entered into a three-way cross-shareholding agreement with its French and Japanese counterparts last April. Sullivan acted for Renault and Nishimura & Asahi represented Nissan.
Freshfields’ role, with Gleske leading for Daimler, was seen as something of a coup after the firm saw off competition from Shearman & Sterling, which is another of the German company’s go-to advisers.