In brief: Simmons declares its US link a success

Simmons & Simmons is claiming a major endorsement of its 10-month-old joint venture with US firm Fried Frank Harris Shriver & Jacobson with the completion of its biggest deal, the $8bn privatisation of state electric utility Endesa – the largest ever privatisation in Spain. The joint venture unit, International Securities Unit, advised Endesa on its global offering, while Garrigues Andersen advised it on its Spanish listing. Shearman & Sterling's UK and US lawyers in London advised the international underwriters.