Burges Salmon (Alan Barr, William Neville) advised Milk Link on the formation of £33m joint venture Staplemead Dairy Products with Express Dairies. Express Dairies was advised by Ashurst Morris Crisp while financiers Rabobank and Barclays were advised by Allen & Overy.
Wragge & Co (Andrew Harrison) advised five former Enron directors who have bought out Px Limited from the administrators. The company will operate the £100m Teesside Gas Processing Plant and the £800m Teesside Power Station. Enron's administrator PricewaterhouseCoopers was advised by Linklaters.
Davis Polk & Wardwell (John Bick, Paul Kingsley) is advising Marks & Spencer on the $160m (£102m) sale of its subsidiary – US-based Kings Super Markets – to D'Agostino Supermarkets. D'Agostino was advised by Jones Day Reavis & Pogue.
Field Fisher Waterhouse (Charles Whiddington) advised the Bank of Scotland, Société Générale, Banco Santander Central Hispano and Sanpaolo IMI on the competition aspects of establishing Centradia, a London-based joint venture that will provide an electronic business-to-business trading platform.
Cleary Gottlieb Steen & Hamilton in New York is advising a consortium comprising Texas Pacific Group, Bain Capital Partners and Goldman Sachs Capital Partners on its acquisition of Burger King Corporation from Diageo for $2.26bn (£1.44bn) in cash. Diageo was advised by Sullivan & Cromwell.