Nicholson Graham & Jones (Paul Salsbury, Sheila Stewart) advised Nationwide Building Society

on a £24.25m syndicated loan facility to the overseas purchaser of Fonciere Forest, the owner of a UK portfolio occupied by Etam. Garretts, Dundas & Wilson and Edge Solicitors advised the purchaser. Acquisition finance provided by Barclays, advised by Linklaters & Alliance.
Coudert Brothers (Steven Beharrell) advised City Power on South Africa's first major municipal power privatisation, in a deal worth more than $350m (£242m). White & Case advised the city of Johannesburg. Chadbourne & Parke advised AES Corporation and Global African Investments, which bought a 50 per cent stake in Johannesburg's Kelvin power station.