The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Linklaters and Shearman & Sterling have landed lead roles on UniCredit’s €4bn (£3.48bn) rights issue.
Linklaters is advising UniCredit, with head of capital markets in Italy Luigi Sensi and partner Claudia Parzani leading on the deal.
Shearman’s head of corporate in Italy Domenico Fanuele and Rome-based corporate partner Michael Bosco are heading the team advising Bank of America Merrill Lynch and UniCredit Bank as global coordinators and bookrunners.
Shearman is also advising Credit Suisse, Goldman Sachs, Mediobanca and UBS Investment Bank as bookrunners, and BNP Paribas, Nomura and Société Générale Corporate and Investment Banking as co-lead managers.
The rights issue includes Italian, German, Polish and US aspects and, according to Bosco, indicates a change of attitude in Italian business to entrust both international and domestic aspects of a capital markets deal to international firms.
“One of the most significant aspects of the deal is that we’re now seeing something developing, which started emerging a couple of years ago, which is the dual side model of representation, in that one firm does both the Italian and international side of the deal,” said Bosco.
“Only in the last couple of years been we been able to get big deals on the Italian side.”