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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.
Olswang's longstanding client ITE has had a boost from VS&A, a private equity affiliate of the New York-based media merchant bank Veronis Suhler.
VS&A has agreed to subscribe to approximately £30m in cash for a 17.12 per cent shareholding in ITE, which will establish a partnership with Veronis Suhler, allowing ITE to accelerate its development as an exhibition organiser in emerging markets.
Olswang is sole legal adviser to ITE, which will use the £30m investment alongside another £9.68m it expects to raise through a placing and open offer to fund investment and acquisition opportunities. It will also be used to pay off group debt.
Veronis Suhler will use the deal as a way of spearheading its own growth plans across Europe - using ITE as a platform to make investments. VS&A is advised by Allen & Overy.
Olswang corporate partner Stephen Hermer was called in on the deal three months ago and expects to complete it next month when it should receive shareholder approval.