The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
CVC's investment director, Bart Meuter, told The Lawyer: "We're not married to any firm. It's important that banks feel comfortable with the lawyers, so we tend to use international rather than only Dutch firms."
On this occasion, he said, ABN Amro, Lehman Brothers and Merrill Lynch had chosen Clifford Chance. CVC picked Herbert Smith and Stibbe because the Wavin management had been happy with Stibbe's work in the past, said Meuter.
CVC initially bought a 43 per cent stake in Wavin from Shell in 1999, increasing its stake to 81 per cent in 2005.
The Herbert Smith and Stibbe team won the instruction through a beauty parade, beating off four firms. "I think CVC was impressed with our track record," said Wells. "We've done a great number of Dutch equity capital markets deals together, and I think that's one of our strengths."
Most recently, Kersten and Wells led on the e540m (£363m) IPO of Tom Tom, one of the largest floats of a technology company in Europe over the past five years.
Wavin began trading on 12 October at e11 (£7.39) a share, at the bottom of its indicative price range.