Olswang’s US alliance with Greenberg Traurig, along with its new office in Berlin, has helped the firm score a new corporate client in Europe.
Olswang acted on the competition and finance matters for Oxbow Carbon, the world’s biggest marketer of petroleum coke, in its purchase of Dutch company SSM Coal.
The deal will boost Oxbow’s revenue to $3.4bn (£1.7bn).
Alasdair Balfour, the Olswang corporate partner who led on the deal, said: “The client is new to the firm and came in to us through the alliance with Greenberg Traurig, which has a longstanding relationship with Oxbow.”
The firm started off handling just the competition aspects of the deal, but was eventually instructed to handle the financing.
Olswang’s London office worked with lawyers in the firm’s newly opened Berlin office to handle the German law aspects of the financing.
Balfour said: “On the antitrust side issues had to be addressed; it wasn’t a no-issues filing. The fact we were able to leverage that instruction to get three other practice areas involved was very pleasing. This sort of deal is good for the alliance.
“Since we’ve been introduced to the client we’ve also handled some employment and tax matters. We’re looking to service the client across the board in Europe going forward.”
Greenberg fielded a five partner team from its offices in Florida, Amsterdam and Washington DC.
The firm advised Oxbow on the US and Dutch corporate, finance, tax and antitrust aspects of the transaction.
Nauta Dutilh advised SSM, with Fulbright & Jaworski advising SSM on the US competition aspects of the deal.