Carlyle and Cinven have returned to longstanding adviser Clifford Chance to sell 7.5m shares in European cable and telecoms company Altice in a deal valued at €337.5m.
Member states of the EU were due to implement the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD) by 22 July 2013.
Abhimanyu Bhattacharya has joined as a partner in the capital markets practice and Iqbal Khan has been promoted to an associate partner in the M&A and private equity practice.
Eversheds has advised the independent directors of Waterlogic on the proposed £122.6m takeover by Poseidon Bidco.
Travers Smith has hired Kirkland & Ellis financial services partner Stephanie Biggs - the firm’s first lateral partner hire in nearly four years.
Shoosmiths has advised family-backed private equity firm Prowting Investments on the strategic investment in bespoke property developer Bargate Homes.
DLA Piper has represented Avalara in its financing round of $100m from an affiliate of private equity firm Warburg Pincus.
Eversheds has advised NHP on its £477m acquisition by Formation Capital, Safanad and Court Cavendish.
European investment group Aurelius has kicked off its first-ever UK legal panel review, following the hire of its first UK head of legal Kimberley Whitaker.
Eversheds has appointed established funds and real-estate tax lawyer Cathryn Vanderspar as the new head of its London tax team.
DLA Piper has announced that Arleen Nand has joined the firm’s corporate and finance practice as a partner in Minneapolis.
Austria: Ministry of Finance publishes its view on certain aspects relating to private equity funds download
The Austrian Ministry of Finance has published its view on certain aspects relating to private equity funds.
This briefing summarises some key characteristics of such structures.
Karolina Stawowska, tax adviser and partner in charge of the tax advisory practice at Wierzbowski Eversheds, has been recognised by Women in Business Law.
The firm has reinforced its pre-eminent position in Leeds and Manchester, securing more Tier One rankings than any other law firm.
CVC has turned to long-standing adviser Freshfields Bruckhaus Deringer has for its €700m (£551m) acquisition of Helsinki-based Paroc.
Clifford Chance’s private equity co-heads are determined that their sector remains the “crown jewels” of the corporate team despite high-profile partner exits.
Dispersed firm Keystone Law has received a £3.15m cash injection from private equity house Root Capital in return for a 35 per cent stake in the firm’s shares.
Fried Frank Harris Shriver & Jacobson has made its second major hire in a week, appointing Orrick Herrington & Sutcliffe’s London tax chief Nick Thornton.
Archroma has agreed to acquire the global textile chemical business of German company BASF. Bär & Karrer acted as legal adviser to Archroma.
Private equity specialists from Wragge Lawrence Graham & Co have advised mid-market private equity house LDC on its £42m buyout of Eley Group.
Private equity house Mid Europa Partners has appointed its first legal counsel, hiring White & Case senior associate Jana Philip.
Khaitan & Co has advised Vectus Industries in relation to a private equity investment by Creador in Vectus.
Shoosmiths has boosted its corporate offering in the north west by bringing in a new senior associate and two further lawyers into its growing Manchester office.
Arendt & Medernach has announced the appointment of a new counsel and six new senior associates.
Khaitan & Co has advised Pragati India Fund in relation to its venture capital investment in DCDC Health Services for approximately $4.3m.
Kirkland & Ellis’ London head Graham White has quit the firm to become Fried Frank Harris Shriver & Jacobson’s first-ever London managing partner.
BDK senior partner Vladimir Dašic has given a presentation on overcoming the legal challenges that investors face in south-eastern Europe.
Gateley has advised Wiggle, an online cycling and tri-sports retailer, on its commitment to a long-term lease of the Citadel Logistics Centre in Wolverhampton.
On 6 October, Eversheds Saladžius launched the School of Legal Excellence, which has been organised in co-operation with Vilnius University Faculty of Law.
The Technology Leaders Forecast Survey is a poll of more than 200 technology executives and investors developed by DLA Piper and PitchBook.
What would happen if there were no drag-along rights, or if the existing rights didn’t work as they need to in the particular circumstances of the sale?
Wragge Lawrence Graham & Co’s corporate team has advised longstanding client Business Growth Fund (BGF) on its £10m investment into Victoria plc.
Sanctions — is your deal bankable? download
If a stakeholder commits to an entity which becomes (or whose business becomes) affected by sanctions, this could have a number of adverse consequences.
Holiday pay — to pay or not to pay? download
Any payments that are ‘intrinsically linked to the performance of the tasks’ under an employment contract must be included in the calculation of holiday pay.
DLA Piper has entered into an exclusive law firm partnership with Venture Hive, a Miami-based international entrepreneurship education organisation.
Khaitan & Co has advised SBS Holdings on its acquisition of a 66 per cent stake in Transpole Logistics. The deal will see Fidelity and Everstone exit the company.
A trial date of June 2016 has been set for the £2.3bn battle between Guy Hands’ Terra Firma Capital Partners and Citigroup, with Clifford Chance and Mishcon de Reya taking lead roles on the six-week hearing.
Former Ashurst senior partner Charlie Geffen has resigned from the firm to join Los Angeles-headquartered Gibson Dunn & Crutcher.
Khaitan & Co has advised CD&R on the Indian leg of the transaction involving the acquisition of the entire water technology business of Ashland for $1.8bn.
Conyers Dill & Pearman has been named Offshore Law Firm of the Year at the 2014 8th Annual China Law & Practice Awards ceremony.
Joshua Kaye, co-chair of DLA Piper’s US Healthcare practice, has been named to the Daily Business Review’s ‘Rising Stars’ list.
Linklaters and Freshfields Bruckhaus Deringer took the key roles on Singaporean sovereign wealth fund GIC’s acquisition of a stake in RAC.
DLA Piper has received two Americas Tax Awards from International Tax Review, a publication dedicated to international tax strategy.
Walker Morris has advised Spirit Capital and the management team at the oil and environmental services business Adler & Allan on its secondary buyout.
King & Wood Mallesons SJ Berwin’s (KWMSJB) former corporate chief Steven Davis is set to leave the firm, to join Proskauer’s City base.
The recent Modern Law conference provided fascinating insights into the divergent routes taken by different law firms.
The department dealing with private equity, trusts and mergers and acquisitions is one of King & Capital’s most active teams.
DLA Piper has advised Brook Henderson Group on the sale of Asteral to Pantheon Holdco, a company backed by private equity house Permira.
In the China Business Law Journal annual selection, Dacheng picked up a China Business Law Award and a 2013 Deal of the Year award.
Addleshaw Goddard private equity partner Ben Rodham has quit the firm for Shearman & Sterling, less than two years after joining from Linklaters.
This briefing summarises some key characteristics of such structures.
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The Arendter — September 2014: private foundations; MiFID II; cross-border AIF distribution; and more
Discover the second issue of Arendt & Medernach’s magazine The Arendter. This publication will give you a quick overview of key topics related to your daily business.
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Conyers Dill & Pearman has advised Morgan Stanley Private Equity Asia (MSPEA) Education Holding on the $107.4m privatisation of Noah Education Holdings.
We are a 60-strong team advising clients ranging from the world’s leading financial institutions and public companies to private businesses and entrepreneurs.
On 1 September 2014, Ewa Szlachetka became a partner at Wierzbowski Eversheds, where she will head the firm’s mergers and acquisitions practice.
Ropes & Gray high yield partner Jonathan Bloom has quit the firm to join Jones Day’s City base.
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Shearman & Sterling has won its first-ever mandate from private equity house Bridgepoint, advising on its £212m acquisition of foreign exchange provider Moneycorp.
Can City firms close the door on line of PE staff heading out for US practices?
Gerda Diniute, senior associate at Eversheds, is participating in the third annual Baltic Private Equity & Venture Capital Associations’ Symposium.
CVC Capital Partners has been ordered to pay €129m (£103m) to Budweiser brewer Anheuser-Busch InBev (AB In Bev) in a court battle over a 2009 deal, after turning from Freshfields Bruckhaus Deringer to Allen & Overy (A&O).
Asset management and funds boutique MJ Hudson has launched in Hong Kong, creating the firm’s third office alongside London and Jersey.
Ropes & Gray’s hire of Travers Smith private equity star Phil Sanderson is quite a coup for the US firm.
Ropes & Gray has hired Travers Smith private equity rainmaker Phil Sanderson to bolster its European private equity offering.
Our team operates predominantly in the small to mid-cap market, where we have extensive experience and a client-focused approach.
Four years ago, in July 2010, Simpson Thacher lost an up-and-coming high yield counsel to Freshfields Bruckhaus Deringer, having passed him by for partnership.
Clifford Chance is understood to be losing four private equity associates to join partners at firms including Latham & Watkins and Simpson Thacher & Bartlett, underlining the vulnerability of magic circle firms to headhunters acting for US firms in London.
BDK Advokati/Attorneys at Law has advised Resource Partners on its acquisition of Serbian gym and fitness chain World Class.
Conyers Dill & Pearman has been nominated in eight categories in the China Law and Practice awards.
Shoosmiths has announced the appointment of two partners who will be based at the firm’s Birmingham office: Karen Featherstone and David Adams.
Mourant Ozannes has recruited David Byrne as its global head of business development and marketing.
Pillsbury has announced the opening of its Beijing office. This is Pillsbury’s second office in the People’s Republic of China, along with its office in Shanghai.
Shoosmiths has advised Palatine Private Equity and Bridgepoint Development Capital on the successful exit of their investment in Hallmark Hotels Group.
DLA Piper has announced that Geoffrey M Ossias has joined the firm’s corporate and finance practice as a partner in the Phoenix office.
Ogier Legal in Jersey has acted for Moorfield Real Estate Fund II and SEGRO.
The Ontario Teachers’ Pension Plan has appointed Jeff Davis as its general counsel, corporate secretary and senior vice-president of corporate affairs.
DLA Piper has announced that Rich Greenstein has been named chair of the firm’s US franchise and distribution practice.
White & Case has beefed up its private equity capacity at newly-qualified level following its recruitment of Linklaters partners Ian Bagshaw and Richard Youle, and is also expanding its trainee intake this summer.
Addleshaw Goddard’s Manchester M&A team has acted on key north-west deals totalling more than £860m in the last three weeks alone.
Khaitan & Co has advised Rexam on the India leg of the transaction in relation to sale of its containers and closures division of its healthcare business to Berry Plastics Group.
Wragge Lawrence Graham & Co has announced the results of its legacy firms Wragge & Co and Lawrence Graham for the financial year to 30 April 2014.
Since September 2013, employee shareholder agreements have enabled companies to introduce a new type of employment status into their workforce.
Corporate real-estate specialist Stewart Womersley has joined Addleshaw Goddard’s London corporate team, from Nabarro, as a partner.
Shoosmiths’ Adam Dowdney has advised the shareholders of Softbox Systems on the strategic majority investment by US private equity firm Great Point Partners.
Private equity funds are set to benefit from updates to the Cayman Islands exempted limited partnership law.
The recovery in global M&A markets is developing a broader base, according to Allen & Overy’s latest M&A Index.
Shoosmiths has advised SAL and REC shareholders on their sale to Concept Life Sciences.
Ogier Corporate Administration has received approval to its variation of regulatory permission application to act as a trustee or depositary of an AIF.
Clifford Chance’s new corporate chief has named private equity dealmaker Jonny Myers as private equity co-head alongside Oliver Felsenstein.
Willkie Farr has hired Kirkland & Ellis private equity partner duo Claire McDaid and Matthew Dean to launch its private equity offering in London.
Jones Day has worked on more mid-market M&A deals than any other firm in the first half of 2014, taking the sole top spot in the global, European and UK rankings for the first time.
DLA Piper has announced that Kevin Finger and Jeffrey Torosian will join the firm’s litigation practice as partners in the Chicago office.
Pillsbury has announced the appointment of 10 partners to firm-wide practice and industry leadership posts.
The Exempted Limited Partnership Law 2014 was enacted on 2 July 2014. The changes in the new law are designed to confer greater contractual flexibility upon partners.
Head of corporate, private equity and venture capital
We help directors get to grips with the myriad corporate governance rules and regulations through a complimentary range of services, events and information.
The Exempted Limited Partnership Law 2014 is a major re-working of the now repealed Exempted Limited Partnership Law (2013 Revision).
Gateley has announced one hire and two promotions across the Leicester and Nottingham offices.
Mid Europa Partners, which was advised by Karanovic & Nikolic, has been awarded Emerging Europe Deal of the Year for the sale of SBB/Telemach Group.
DLA Piper has appointed Catherine Pogorzelski as a corporate partner in its Luxembourg office. She joins from Arendt & Medernach.
Arrangements between shareholders are often drafted to include ‘drag-along’ provisions, a mechanism by which majority shareholders can require minorities to join in a sale to a third party.
Eversheds has advised Investec Bank, as sponsor and sole bookrunner, on the £308.5m main market IPO of FDM Group.
Corporate lawyers from Walker Morris have advised private equity firm Endless on the sale of St Neots Packaging to Coveris.
Paul Simpson has joined Gateley’s Nottingham office as corporate senior associate. In addition, William Cursham has been promoted to construction associate.
Dean Fealk has been named as a trade adviser in a joint appointment by US trade representative Michael Froman and US secretary of commerce Penny Pritzker.
Khaitan & Co has advised Sophos UK in relation to the acquisition of a 100 per cent stake in Cyberoam Technologies from its existing shareholders.
LK Shields Solicitors advises on public offerings and private placing of equity and debt securities.
Many investment structures, particularly in the private equity, venture capital and property asset classes, are now caught within the scope of the AIFMD.
Wragge Lawrence Graham & Co has advised investment firm MxP Partners on its £80m private equity buyout of Amber Taverns.
We work across the full range of competition law and regulatory regimes and have a strong track record in: mergers, acquisitions, joint ventures and public offers; cartels; and monopoly infringements.
EU competition law: private equity firms can be liable for companies in their asset portfolio download
The European Commission will hold parent companies jointly liable for the competition law infringements of their subsidiaries when the parent exercises a ‘decisive influence’ over the subsidiary.
At the launch ceremony of the Shanxi Investment Fund Industry Association in Taiyuan, Dacheng’s Wei Haisheng was elected vice-president.
Mourant Ozannes has advised CVC Capital Partners, a private equity and investment firm, on the launch of its latest Asia-Pacific fund.
Allen & Overy in Asia-Pacific has picked up 66 awards to date in the current round of legal industry awards, culminating in IFLR Asia’s ‘International Law Firm of the Year’.
Partner and head of the family practice
Pillsbury has announced that for 2014, Chambers USA has ranked 86 individual Pillsbury lawyers, with 12 partners recognised in two or more categories for a total of 98 individual lawyer rankings.
Allen & Overy has announced the hiring of Attila K Csongrady as counsel to join the firm’s CEE English law banking and finance practice.
DLA Piper has advised shareholders on the equity investment by Equistone to establish a new company, Performance Interactive Alliance for Digital Marketing.
BDK Advokati/Attorneys at Law has advised private equity fund Blue Sea Capital on its acquisition of Milos Klinika.
Goodman Derrick’s corporate department has advised the Restaurant Group on the recently announced disposal of its interest in the Living Ventures Group.
Is any lawyer worth busting your firm’s compensation structure for? Perhaps one with a reputation for being at the absolute pinnacle of their niche in the market?
Dacheng’s Yu Hui discussed the latest ruling regarding a VAM arrangement case at the recent China Venture Capital & Private Equity Association (CVCPEA) conference.
New York Department of Financial Services proposes stricter standards in reviewing life insurance acquisitions download
The New York Department of Financial Services is proposing to extend stricter standards to acquisition deals across the life insurance industry.
Mourant Ozannes has advised HitecVision, a prominent private equity investor for the oil and gas industry, on the launch of its latest fund based in Guernsey.
M&A Weekly Update: unfair prejudice; revisions to AIM Rules; Listing Rule changes; and more download
Macfarlanes has released its M&A Weekly Update for the period 9–15 May 2014.
Khaitan & Co has advised Piramal Enterprises Ltd (India) and IndiaReit Fund Advisors Pvt Ltd in relation to formation of a debt fund platform.
Winckworth Sherwood has announced that tax partner Simon Newsham has been elected to the London branch of the Chartered Institute of Taxation (CIOT).
A team from Gateley has advised on a private-equity-backed buy-in/buy-out that saw Foresight Nottingham Fund make a £1.5m investment into CWE.
Karanovic & Nikolic has advised Mid Europa Partners, a European private equity firm, on the sale of SBB/Telemach Group to KKR.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
DLA Piper has appointed Tim Wright as a partner in its corporate group. He will join the firm from King & Wood Mallesons SJ Berwin.
DLA Piper was recognised as one of the most active law firms in terms of venture capital deal volume in the first quarter of 2014, according to PitchBook.
This practice area has two broad verticals: advisory and transactional.
Allen & Overy has been named Netherlands Law Firm of the Year by Chambers. It was also ranked in the highest category for 13 practice areas.
DLA Piper has hired one of King & Wood Mallesons SJ Berwin’s top private equity partners, Tim Wright.
Fawaz Elmalki, a director in Conyers’ Dubai office, has been named to the MENA Fund Manager Service Provider Power 30 list for the third consecutive year.
Dacheng has advised JD Capital Co on its was successful launch on the National Equities Exchange and Quotations on 23 April.
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Technology Barometer — Q2 2014 download
The Taylor Wessing Technology Barometer tracks the temperature of the UK technology sector.
This paper from DLA Piper suggests strategies and steps for franchising mergers and acquisitions.
Baker Tilly offers the full range of corporate finance services, from capital fundraising to helping corporates with acquisitions or disposals.
Lawrence Graham (LG) will make up five partners to coincide with its merger with Wragge & Co on 1 May, when the combined firms are to become Wragge Lawrence Graham & Co.
Mills & Reeve has advised private equity house Key Capital Partners on its investment in educational caterer Alliance in Partnership (AIP).
Corporate lawyers at Walker Morris have advised private equity house Key Capital Partners on its £3.3m investment in Hallam Medical.
The private equity team at Shoosmiths has advised funds managed by Palatine Private Equity on the management buyout of Gusto Restaurants and Bars.
When it comes to their legal affairs, private equity houses have tended to be creatures of habit. Generally they prefer to return to the same lawyers time and time again.
White & Case, Clifford Chance and Latham & Watkins advised affiliates of private equity house Rhone Capital on the acquisition of ASK Chemicals from a German joint venture between chemicals groups Clariant and Ashland.
Gateley has advised on LDC’s investment to support the acquisition of Prism UK Medical from Prism Medical.
Minter Ellison partner David Pratley and special counsel Michael Ward have advised Permira on the tax aspects of an agreement to sell Renaissance Learning.
Latham & Watkins has further strengthened its ties to private equity giant the Carlyle Group, hiring in-house counsel Tom Alabaster as a partner in its London office.
The AVCA conference was held in Lagos, Nigeria, at the beginning of this month. Here are Dentons’ top five takeaways from the conference.
Why well-connected PE partners are worth their weight in gold
Conyers Dill & Pearman has promoted six attorneys to the role of partner or director.
Eversheds has advised elderly care provider Four Seasons Healthcare on the acquisition of seven homes from Majesticare.
In this video, Elizabeth Moeller discusses how developments in US water policy may lead to a new wave of investment spurred by public-private partnerships.
Allen & Overy has advised dnata on the sale of a majority stake in mercator to private equity firm Warburg Pincus.
Mourant Ozannes has advised Vision Knight Capital Partners on the launch of its second China private equity fund, Vision Knight Capital (China) Fund II LP.
We provide clear, pragmatic and practical advice to businesses large and small from around the globe on the corporate transactions and the legal issues they face.
According to Allen & Overy’s latest M&A Index, all the ingredients for mergers and acquisitions (M&A) activity to prosper are now in place.
In a recent decision, the European Commission confirmed that investors can be found liable where they exercise ‘decisive influence’ over a company and its decisions.
Partner — British Virgin Islands, Cape Town
Partner — British Virgin Islands, Cape Town
Partner — Cayman Islands
Partner — Guernsey
Partner — Guernsey
Partner — Guernsey
Partner — Guernsey
Partner — Jersey
Partner — Jersey
Partner — Jersey
Partner — Guernsey
With our strategic focus in an array of industry sectors, we understand the trends, challenges and players — delivering key intelligence to guide your decisions. Whether you seek or invest private capital or want to establish a fund, lawyers from the global offices of Dentons create solutions to fulfil your goals.
On 2 April 2014, the European Commission announced that it was fining the participants in a worldwide undersea cable cartel.
Partner — Jersey
Partner (LLP) — London
Appleby has advised the mandated lead arrangers and financial advisers in relation to the $3bn privatisation of Chinese online gaming company Giant Interactive Group.
Dr Hermann Schneeweiss LLM (Harvard) will be added to the list of attorneys at law practising in Austria on 1 April 2014.
We advise on all fund structures including open and closed-ended, limited partnerships, unit trusts and companies in the BVI, the Cayman Islands, Guernsey and Jersey.
Whether you’re planning an acquisition or a sale, entering into a joint venture or considering a corporate restructure our M&A lawyers can help.
Whether you’re a director, a debtor, a secured or unsecured creditor or an insolvency practitioner, we offer a proven track record of working with you and your advisers.
Taylor Wessing has strengthened its private equity offering in Germany with the hire of Skadden Arps Slate Meagher & Flom partner Walter Henle.
Hogan Lovells has advised the shareholders of Carcraft on its management buyout led by chief executive officer Robin Bridge for an undisclosed sum.
Hogan Lovells has advised Investindustrial Group on the disposal by Investindustrial Group and KKR of the Avincis Group to Babcock International Group.
Addleshaw Goddard has advised Mount Anvil, a London specialist residential property developer, on a £200m partnership with Ares Management.
Taylor Wessing’s private equity group has advised Electra Partners on the acquisition of audio mixing console manufacturer Calrec from D&M Holdings.
Conyers Dill & Pearman’s British Virgin Islands office has recently added four attorneys to its corporate and litigation practices.
On 10 March 2014, the draft law implementing the Alternative Investment Funds Managers Directive 2011/61/EU (AIFMD) was submitted to Belgian parliament.
Conyers Dill & Pearman has advised ADCM on the formation and certain legal documentation of a Cayman-domiciled real-estate acquisition vehicle.
DLA Piper has appointed Paul Gray as a partner in the real-estate finance team, part of the finance and projects group.
Private equity house HgCapital has shaken up its panel, adding White & Case to its roster for the first time.
Dacheng has won two China Business Law Journal awards in technology, media and communications and private equity and venture capital.
They’re getting the mandates, and they’ve got the hiring power. Are US firms elbowing out the magic circle on leveraged finance?
Modern company, partnership, trust, and other related laws have made Bermuda a leading offshore financial centre for the formation of private equity vehicles.
DLA Piper has advised Oakley Capital Private Equity and its fund OCPE II Master LP on the acquisition of a majority stake in NTG.
Hogan Lovells has advised long-standing client Hawksford International on the acquisition of Janus Corporate Solutions, a Singapore-based corporate services business.
Partner and co-head of the shipping group Oliver Rossbach will participate in a panel discussion at INSOL Hong Kong about shipping insolvencies and restructurings.
Conyers Dill & Pearman has been named Offshore Firm of the Year at IFLR’s annual Asia Awards, which took place in Hong Kong.
Allen & Overy has hired Karan Dinamani as a partner in its London corporate group. The appointment underlines the firm’s commitment to growing its private equity practice.
Private Equity Perspectives — March 2013: penalty clauses — the importance of careful drafting download
When entering into corporate and commercial contracts, it is common to structure the deal so that if there is a breach it can be compensated without having to bring court proceedings.
In the current market, private equity sponsors are increasingly looking at initial public offerings (IPOs) as a real exit option for their portfolio investments.
Taylor Wessing private equity partner Ed Waldron meets with Rob McCombie, investment director at CBPE Capital.
Morgan Lewis & Bockius has hired partner Tom Cartwright from Taylor Wessing to launch its dedicated private equity practice in London.
DLA Piper has assisted Atlanta-based private equity firm Roark Capital Group in its equity investment in Anytime Fitness, a co-ed fitness franchise.
Stephenson Harwood has advised Soma Oil & Gas Holdings on an equity investment of $50m from private equity investment company Winter Sky.
Stephenson Harwood has appointed Tom Platts as a partner in its corporate practice in Singapore. Platts has been based in Singapore for three years.
Partner Nathan Cahill, senior associate Robyn Coote and consultant Elizabeth Mifsud from Minter Ellison have advised Quadrant Private Equity on the closure of its seventh fund.
Clifford Chance and Simpson Thacher & Bartlett are among the firms advising on the Carlyle Group’s $1.93bn buyout of Tyco International’s South Korean fire protection and security unit.
Allen & Overy has hired a second partner from Ashurst, Karan Dinamani, to boost its private equity practice, following the recent appointment of Stephen Lloyd as private equity sector group co-head.
DLA Piper has advised a range of stakeholders on the sale of the entire issued share capital of DORC to Montagu Private Equity.
FINRA has issued a notice on a proposed new regulatory structure for firms that limit their activities to advising companies on capital raising and corporate restructuring.
The private equity team at Wragge & Co has advised Mobeus Equity Partners on a £6m investment in the management buyout of Entanet International.
Dechert is understood to be in the process of hiring O’Melveny & Myers’ (OMM) Singapore partner Dean Collins as part of the firm’s plan to open an office in Singapore later this year.
While much has been written about the Volcker Rule’s restrictions on banking entities, less attention has been paid to its impact on asset managers who are not banking entities subject to the rule.
Clifford Chance’s private equity team is looking depleted and with the global corporate chief role still wide open, it looks like it could use a half time pep talk.
Clifford Chance dealmaker and partner Guy Norman is on the verge of being named new corporate chief following an uncontested election.
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.
DLA Piper is one of the most active law firms in terms of venture capital (VC) deal volume, according to the ‘2013 Most Active VC Law Firms’ report published by PitchBook.
Dentons and Olswang have advised on the acquisition of Readers Digest by Mike Luckwell, the venture capitalist behind Bob the Builder, from Better Capital for the nominal sum of £1.
Dickson Minto is beefing up its banking department with the hire of Weil Gotshal & Manges senior associate Chris Barron, who is joining the firm as a partner.
Welcome to Taylor Wessing’s analysis of clean energy investment activity in the fourth quarter of 2013.
NCTM has assisted La Gardenia Beauty, an Italy-based beauty and cosmetics retailer, with its restructuring following the entry of Fondo Orlando Italy into its share capital.
Hogan Lovells has announced the further expansion of its New York office with the addition of corporate partner Adam Golden.
Stephenson Harwood has hired Yann Beckers as a partner in its Paris banking and finance department. He joins the law firm from Clifford Chance.
KWM has advised Investec on the financing of Cirrus Media’s acquisition of the Medical Observer journal, ‘MyDr’ website and ‘Medical Media’ ambient information channel.
Limited changes: Luxembourg’s introduction of the AIFMD law consolidates its leading position in the private equity sector download
On 12 July 2013, the Luxembourg parliament transposed Europe’s Alternative Investment Fund Managers Directive into the national legislation (AIFMD law).
Mourant Ozannes has assisted lead adviser Clifford Chance in advising Electra Private Equity on its £180m acquisition of Ogier Fiduciary Services.
The date by which existing managers had to submit their authorisation/registration applications to the FCA has now slipped.
French private equity and venture capital magazine Option Finance has named Wragge & Co’s Paris private equity team one of the best in France.
This briefing provides an update on the Court of Appeal judgment in BAA Ltd v HMRC  EWCA Civ 112.
Alegro Capital LLP v AllProperty Media Pte Ltd is a stark illustration of how a lack of clarity can leave both sides of a dispute hundreds of thousands of pounds out of pocket.
Buyers of businesses are often anxious about what the sellers will do after completion of a deal.
Mourant Ozannes has announced the promotion of a number of lawyers to senior positions within the firm.
Allen & Overy has advised Rexam, a global beverage can maker, on the sale of the bulk of its healthcare business to Montagu Private Equity for $805m.
Allen & Overy has bolstered its Spanish offering by launching an office in Barcelona — its second Spanish office — and hiring Spanish lawyer Antoni Valverde.
The partners of Ogier Fiduciary Services have agreed terms to complete a management buy-out of the Ogier Fiduciary Services business from the Ogier Group.
Offshore firm Ogier has sold its fiduciary business in a management buy-out backed by private equity company Electra Partners, which values the business at £180m.
R&R makes some of the best-known ice cream brands around and it’s growing fast, with GC Francesca Yardley keeping a cool eye on progress
Eversheds Bianchini has advised a pool of Italian banks led by Unicredit on a debt restructuring agreement for San Giorgio and its group of companies.
Ogier has advised Infinity Cross Border Acquisition Corporation on the BVI legal aspects of its proposed business combination transaction with Glori Energy.
Good and bad leaver provisions — a mainstay of private equity deals — don’t often find themselves in court. A High Court decision has considered their effectiveness.
This client update focuses on the examination priorities that are most relevant to investment advisers to private equity and hedge funds.
Richard Moulton, head of private equity at Eversheds, has commented on predictions that the increase in European IPOs is set to accelerate.
The NYSE has updated its Section 303A written affirmation form to reflect the recent modifications to the NYSE listing standards for compensation committees of equity issuers.
AMAC has announced a provisional regulation requiring the registration of domestic Chinese private equity fund managers and filings by domestic Chinese private equity funds with AMAC.
The general developments section of InVest includes information regarding the Autumn Statement 2013 and private equity in Africa in 2014.
Shameer Jasani has been appointed as a partner in the Cayman Islands office while Ray Ng joins the BVI and Asia office as partner and head of litigation.
Shoosmiths has announced that chief executive Claire Rowe and partner Emma Gibson have been recognised in The Lawyer’s Hot 100 2014.
Eversheds Bianchini and Tremonti Vitali Romagnoli Piccardi e Associati advise PEP on the legal and tax aspects of its agreement with Keyhaven Capital.
Allen & Overy has advised Link Market Services in connection with the acquisition of Registrar Services, based in Frankfurt, from Deutsche Bank.
Chicago-based law firm Katten Muchin Rosenman has poached a private equity team from Hogan Lovells’ London office, The Lawyer can reveal.
DLA Piper has represented Arsenal Capital Partners in its purchase of Certara, a biopharmaceutical service provider.
DLA Piper advised on more than 20 significant inbound and outbound US transactions that closed last year on behalf of Israeli institutional investors and companies.
Burges Salmon associate Matthew Sims has led the £31m sale of Honda’s biggest storage depot in Avonmouth to BlackRock UK Property Fund and Canmoor.
Conyers has advised Headland Capital and CHAMP Private Equity on the $500m privatisation of Miclyn Express Offshore (MIO) from the Australian Stock Exchange.
This client update highlights some of the developments from the Fall National Meeting held by the National Association of Insurance Commissioners.
Private equity funds (and their managers/advisers) are subject to various types of regulation under US federal law, in particular under the Dodd-Frank Act, and non-US law.
Hogan Lovells has appointed London partner Tom Whelan to serve as global co-head of private equity from 1 January 2014 alongside Jeffrey Hurlburt.
On 9 December, the GMG published its sixth annual report on the private equity industry’s conformity with the Guidelines for Disclosure and Transparency in Private Equity.
Hogan Lovells has named corporate partner Tom Whelan as the co-head of its global private equity group, taking over the reins from Alan Greenough who will retire next year.
DLA Piper has advised Europe Virgin Fund, a private equity fund sponsored by Dragon Capital, on the acquisition of the majority stake in Portmone.com.
Hogan Lovells has advised Advent International on the sale of Oxea, a global manufacturer of Oxo chemicals.
Allen & Overy has announced the appointment of Stephen Lloyd as a private equity partner in its London corporate group.
Appleby has acted as Isle of Man counsel to private equity firm Vitruvian Partners in relation to its agreement to provide funding to support a management-led buyout of Royal London 360°.
Minter Ellison has advised the founding shareholder of Zip Industries on the majority shareholding taken in the company by Quadrant Private Equity.
A corporate team from Wragge & Co has advised a syndicate of venture capital investors, led by NVM, on its exit from Alaric Systems.
McDermott Will & Emery (MWE) has picked up Ashurst partner Nikolaus von Jacobs to lead its private equity practice in Germany.
Former Ashurst global corporate head Stephen Lloyd is one step closer to joining Allen & Overy (A&O) after partners were last week told to prepare for a vote.
King & Wood Mallesons has provided legal support to Beijing Zhongsou Network Technology Co.
DLA Piper is set to expand its German corporate practice with partners Dr Jan Schinköth and Dominik Stühler.
DLA Piper has represented ACTIVE Network, a San Diego-based software company, in its $1.05bn acquisition by Vista Equity Partners.
Judy Lee, a parter at Appleby, has won the offshore practice area individual award at the third annual Asia Women in Business Law Awards.
Anglia Retirement Homes has been acquired by Ravelstone Care Homes. Specialists from Shoosmiths provided advice on the property elements of the deal.
Shoosmiths’ Manchester corporate and banking team has advised on the £15.9m management buy-out of online wine retailer Virgin Wines.
Shoosmiths has advised on the acqusition of Anglia Retirement Homes, which was acquired by Ravelstone Care Homes.
DLA Piper has represented northern Virginia-based CustomInk, an online T-shirt company, in a $40m (£25m) investment by private equity fund Revolution Growth.
Addleshaw Goddard has appointed private equity specialist Andrew Johnston as part of its strategy of investing in new relevant service lines in growth areas.
In the third update of 2013, Wragge & Co’s private equity specialists comment on key issues and recent developments affecting the sector.
Boutique funds firm MJ Hudson has added to its team with the hire of a duo of senior lawyers, including legacy SJ Berwin partner Graham Nicholson.
Welcome to Taylor Wessing’s analysis of clean energy investment activity in the third quarter of 2013 (3Q13).
Hogan Lovells has recruited environmental, health and safety partner Louise Moore into its London environmental team.
Taylor Wessing has advised Inflexion Private Equity Partners on the secondary buyout of Cablecom Network Holdings.
Eversheds has advised the UK arm of private equity group Baird Capital on its purchase of a majority stake in Alpha Financial Markets Consulting.
The Bermuda Stock Exchange continues to attract international recognition. It is the world’s largest offshore fully electronic securities market.
Hogan Lovells has recruited private equity partner Ed Harris into its London corporate practice. He joins the law firm from SJ Berwin.
SJ Berwin private equity partner Ed Harris has quit for Hogan Lovells, a year after the two firms advised Duke Street on a cash injection into the Parabis Group.
Linklaters has moved quickly to replace private equity partners Richard Youle and Ian Bagshaw by relocating Stockholm-based corporate partner Roger Johnson to London and appointing corporate partner Nick Rees as head of the group.
King & Wood Mallesons has advised Quadrant Private Equity on its recent investment in Estia Health.
IFLR1000 has released its 2014 leading financial law firms ranking list, in which King & Wood Mallesons is listed as one of the ‘top-tier firms’ in China.
Sintons has recruited lawyers Caroline Swift, Metab Hussain and Emma Pern to its corporate team.
Do a Ted Burke and go in-house at a private equity house, but pin down those perks
Clifford Chance private equity partner Tom Evans is leaving the firm to join Latham & Watkins’ corporate practice.
Arendt & Medernach has announced the appointment of 11 new senior associates with effect from 1 July 2013.
London, some say, is a first-rate city trapped in a second-rate country, and its massive real-estate investment inflows are seen as the new (and long-term) ‘normal’.
Josip Marohnic, attorney at law in association with Karanovic & Nikolic, discussed several topics at the recent SEE Private Equity and Venture Capital Forum.
Freshfields Bruckhaus Deringer global managing partner Ted Burke is leaving the firm to become general counsel and COO of Boston private equity firm Arclight Capital Partners.
Eversheds has advised Equistone Partners Europe on its investment in Whitworths, a UK supplier of dried fruit, nut and seed products.
King & Wood Mallesons has advised Gresham Private Equity on the sale of the Tasmanian Walking Company — a hospitality business offering walking experiences in Tasmania.
Allen & Overy has advised Hamburg-based Rickmers Group on setting up a joint venture with funds affiliated with Apollo Global Management LLC.
Eight members of private-equity-backed Whitworths’ management team being offered ‘shares for rights’ by their private equity owner may be an indication of things to come.
Mark Anderson QC has been authorised to sit as a deputy High Court judge, chancery division.
ABS Brilliant Law has completed a private fundraising as part of growth plan to extend its services.
Shareholders do not have private rights of action to enforce the statutory obligation to make a mandatory tender offer.
DLA Piper has announced the appointment of corporate partners Bryan Pointon and David Ryan to its Australian practice, based in the Sydney office.
Private equity: food for thought download
Private equity houses, it seems, are hungry for deals in the food and drink sector. And their appetite is growing.
The level of involvement required by businesses in GPPs is likely to increase in the future.
This article looks at the dynamics within the private equity industry that are encouraging minority investments and some of the pitfalls and advantages they involve.
Taylor Wessing private equity partner, Tom Cartwright, meets with Luke Jones, investment director at MML Capital, to discuss his take on the private equity landscape as he sees it.
Hogan Lovells has advised the senior management of AIM Aviation Ltd on its secondary buy-out by TowerBrook Capital Partners LP from existing investor LDC.
The regime for the buyback of own shares changed on 30 April 2013 with the coming into force of the Companies Act 2006.
DLA Piper has represented private equity firm Triton Pacific Capital Partners in its sale of Alegis Care to NewQuest.
Hogan Lovells has advised the unitranche and super senior lenders on Exponent Private Equity’s £190m dividend recapitalisation of thetrainline.com.
The regime for the buyback of own shares changed on 30 April 2013, which could provide a warehousing opportunity for private equity-backed companies.
DLA Piper has advised David Lloyd Leisure Operations Holdings on the sale of the David Lloyd Leisure Group to TDR Capital for an undisclosed sum.
Ogier Fund Services has been shortlisted for the Unquote British Private Equity Fund Advisory Administration award.
Taylor Wessing has been shortlisted for Law Firm of the Year — Deal Structuring at the upcoming Unquote British Private Equity Awards 2013.
Allen & Overy has advised ING Group on the KRW1.84tn sale of ING Life Korea to private-equity firm MBK Partners.
With trophy hire strategy in question it is time for firm’s in-house talent to step up
Dickson Minto is understood to be advising long term client BC Partners on the flotation of estate agency Foxtons, which is expected to raise as much as £400m.
The Affordable Care Act has encouraged substantial consolidation within the health care industry, causing a frenzy of acquisitions.
Berwin Leighton Paisner’s global private equity head Raymond McKeeve has exited to join Jones Day.
The Haifu Case caused the private equity industry consternation until a clarifying judgment from the Supreme People’s Court of China in December 2012.
Ogier has advised OMERS Private Equity (OPE) on behalf of certain clients (AIMCo) on its successful bid for Vue Entertainment.
German firm Hengeler Mueller is relocating private equity partner Steffen Oppenländer to its London office to boost its offering in the City.
The First Circuit Court of Appeals recently became the first federal appellate court to hold that a private equity (PE) fund can be a ‘trade or business’.
The now iconic song of 1969 aptly describes the insurance regulatory activity we are seeing in the summer of 2013.
New Luxembourg limited partnerships download
In July 2013, Luxembourg legislation came into force specifically tailored to the needs of private-equity/real-estate investment managers.
DLA Piper has signed a letter of intent with Hines Interests to relocate its Chicago office from 203N LaSalle to River Point.
Like the UK economy, this quarter’s Technology Barometer is looking increasingly optimistic as we progress through 2013.
Kieran Toal has been appointed as a partner in Shoosmiths’ corporate team in Manchester.
Hogan Lovells has advised on the £5.5m sale of fashion brand Nicole Farhi to Maxine Hargreaves-Adams.
NCTM Studio Legale Associato has appointed two new equity partners, Paolo Lazzarino and Luca Garramone.
CMS Cameron McKenna private equity partner Richard Bull has quit for the London office of Norton Rose Fulbright.
Corporate lawyers at Walker Morris have advised the management team on its buy-out of Buoyant Holdings.
For the third year in a row, the WILEF has awarded Pillsbury Winthrop Shaw Pitman its Gold Standard Certification.
Latham & Watkins and Slaughter and May have taken the lead roles on Carlyle Group’s acquisition of global packaging supplier Chesapeake, marking Latham’s first deal for the trophy private equity client since hiring relationship partner David Walker from Clifford Chance earlier this year.
The first half of 2013 has seen private equity sponsors and corporate borrowers continue to look to the corporate bond and debt capital markets.
Ogier has advised Cinven and Partnership Assurance on Partnership’s listing on the London Stock Exchange.
Who are the top private equity lawyers rated by clients and lawyers, and what are the secrets of their mysterious art? The Lawyer can reveal all
Only 16 of the top 30 UK-headquartered private equity firms have in-house legal capability, according to groundbreaking research published by The Lawyer today (24 June).
Gain exclusive access to profiles of 30 in-house legal teams working within private equity. The Lawyer In-house Private Equity Report 2013 is essential reading for those wishing to enhance their understanding of the private equity sector.
Addleshaw Goddard has advised Bridges Ventures on the sale of its majority position in The Gym Group to Phoenix Equity Partners.
Addleshaw Goddard, Eversheds, Hogan Lovells and Travers Smith have advised on Phoenix Equity Partners’ £50m investment in low-cost gym operator The Gym.
The Securities and Exchange Commission (SEC) has issued its second-ever whistleblower award. The award went to three anonymous individuals, each of whom will receive five per cent of the monetary sanctions ultimately collected in a case against hedge-fund manager Locust Offshore Management and its chief executive officer, Andrey Hicks, who allegedly defrauded investors of $2.7m (£1.7m), and who have been ordered to pay $7.5m in disgorgement and penalties.
NCTM has advised Arcadia Small Cap in the acquisition of an 80 per cent stake in VSP Bulloneria.
It may seem as if the glory days of private equity are long gone after the credit crunch saw the market grind to a slow halt. But lawyers with a foot in the private equity arena have reason to be cautiously optimistic.
Dechert has recruited a duo of lawyers from Orrick Rambaud Martel, including partner Matthieu Grollemund, to boost its corporate team in Paris.
Winckworth Sherwood has strengthened its corporate and commercial team with the appointment of a partner and an associate.
Shoosmiths’ Shaun McCabe has acted as part of a team of experts advising on NorthEdge Capital’s acquisition of a majority stake in Jigsaw24.
The Supreme Court of Delaware recently held that covenants to negotiate in good faith are enforceable.
A game changer for competitive M&A transactions? Federal Court passes judgment on bidding tactics download
Federal Court decision contains some important lessons for investment banks and private equity firms involved in competitive sale processes.
DLA Piper has advised Fosun International in two separate private equity investments in the medical device and hospitality industries.
King & Wood Mallesons has been named CSR Firm of the Year for the fifth consecutive year at the 2013 ALB awards.
Taylor Wessing has introduced the latest issue of Private Equity Perspectives, a quarterly update focusing on the latest trends, news and legal issues facing the private-equity industry.
Shoosmiths’ Emma Gibson has defended her title of Lawyer of the Year at the Thames Valley Deals Awards 2013.
Al Tamimi & Company has advised Al Noor Hospitals Group on a restructure to enable the group’s proposed listing on the London Stock Exchange (LSE).
The PDR aims to ease financial and administrative burdens while ensuring a harmonised approach to reduced disclosures.
Conyers Dill & Pearman’s Fawaz Elmalki has been recognised in the 2013 MENA Fund Manager Service Provider Power 30 list.
NCTM has advised the management of DOC Generici on its acquisition by Charterhouse Capital Partners.
Hogan Lovells has released ‘Equity Capital Markets — Which Market?’
KWM acts on launch of Virtus Health’s AU$339m raising.
Dacheng is at the cutting edge of two relatively new fields of law: private equity investment and investment funds.
Shearman & Sterling has hired a three-strong private equity team in London from Weil Gotshal & Manges including high-profile partner Mark Soundy.
DLA Piper has been ranked first globally by Dow Jones Private Equity Analyst.
Travers Smith and Ogier take further roles on planned £1.4bn float
The debt capital market continues to come to terms with the requirements of the new Prospectus Directive (PD) regime.
Freshfields leads for South Staffordshire seller Alinda Capital Partners after taking 2012 merger role
DLA Piper has announced that Mel Sims, a partner from the corporate practice group in London, is relocating to Doha, Qatar.
Andrew Carpenter has been appointed divisional managing partner for a newly created Addleshaw Goddard International Division.
Iglo Group general counsel Anthony Barratt is set to leave the Birds Eye owner later this year as the private equity-owned business kicks off a search for a replacement.
Mayer Brown wins pitch to guide courier group’s management as UK and US firms clinch advisory roles
DLA Piper has announced that Rob Salter and Anu Balasubramanian will be joining as partners in the London corporate group.
US firms Fried Frank Harris Shriver & Jacobson and Proskauer Rose have advised on a duo of funds amassing close to £4bn that indicate the mixed success of private equity houses’ fundraising efforts.
Hogan Lovells has advised Promon International in negotiating and documenting a follow-on equity investment in DeepFlex to fund a manufacturing centre in Brazil.
Freshfields Bruckhaus Deringer has won the lead role acting for Betfair in relation to a £910m takeover bid from private equity group CVC Capital Partners.
Corporate lawyers from Walker Morris have advised private equity firm NorthEdge Capital on its investment in Help-Link.
Olswang has released its Equity Capital Markets Update for quarter one of 2013.
Latham, Linklaters and Joelson Wilson have advised on Carlyle Group’s purchase of London minicab group Addison Lee, a deal reported to be worth £300m.
Freshfields and Hengeler have taken lead roles on CVC Capital Partners’ €3.1bn acquisition of energy metering group Ista from private equity rival Charterhouse.
Conyers Dill & Pearman has been named Offshore Legal Firm of the Year at the 2013 Asian Legal Business China Awards.
Last week’s news that Clifford Chance global head of private equity David Walker is leaving to join Latham & Watkins in London marks yet another major departure from the magic circle firm’s practice, following six previous key partner exits from the firm’s funds, tax or buyouts teams since 2009.
Conyers Dill & Pearman has released issue three of its Jurisdiction Update for 2013, covering Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius. Topics include insurance developments in Bermuda, a new ‘approved manager’ regime in the British Virgin Islands, Cayman Islands master funds and more.
Mourant Ozannes has advised on a €350m private equity fund for DPE Deutsche Private Equity, a German investment firm.
Mishcon de Reya has beefed up its private equity practice with the hire of Dundas & Wilson partner duo Simon Sale and Nadim Meer.
Clifford Chance global private equity head David Walker is set to join Latham & Watkins in a major hire for the US firm’s London office.
Olswang’s leisure practice has advised Hill Capital Partners and LDC on the investment of £2.7m of development capital in New World Pubco.
Olswang has acted for Alpha Private Equity Fund 6 on the acquisition of Redcats’ children and family division from Kering/PPR for €119m.
Chadbourne & Parke has released the April 2013 edition of its Corporate Practice Newswire.
It may seem anomalous when consumer spending remains generally depressed, courtesy of macro-economic conditions, that the luxury goods market has remained comparatively resilient.
AIFMD: challenges and opportunities download
Emmanuelle Entringer and Bishr Shiblaq of Arendt & Medernach explain the impact of the AIFMD on fund managers in the Middle East and North Africa.
Our real-estate and private-equity funds lawyers advise on all the aspects relating to the structuring and organisation of private-equity and real-estate funds, managers or advisers.
Latin Lawyer recognises Hogan Lovells with ‘Private Equity Deal of the Year’ award.
Ashurst and SNR Denton took lead roles on the sale of Malmaison and Hotel du Vin to a US private equity group.
Taylor Wessing has advised on the acquisition of SitexOrbis’s mainland UK business from VPS Holdings by a newly formed company advised by investment firm Sullivan Street Partners.
Ashurst and Pinsent Masons have advised as Tesco acquires restaurant chain Giraffe for £48.6m.
Hogan Lovells has advised Arieso on its sale to JDSU.
Partner and head of the London representative office
Private equity group Coller Capital has added a fourth in-house lawyer with the hire of Slaughter and May associate Giles Lawson.
Osborne Clarke (OC) has hired former Eversheds UK corporate head Mark Spinner in a move that gifts the Bristol-headquartered firm its 50th London partner.
King & Wood Mallesons (Australia) appoints Stephen Minns as chairman of Australian board.
Simmons becomes second firm to benefit from the closure of Nixon Peabody’s Paris office, picking up a private equity partner.
We offer a full range of services in the fields of private equity and venture capital. We are also one of the few law firms in Finland that can boast a first-rate fund formation practice.
The Private Equity group advises both investors and companies worldwide. Curtis represents domestic and international funds, family offices, investment arms of financial institutions, and unfunded sponsors, as well as companies seeking growth capital or liquidity.
Debevoise & Plimpton, Hogan Lovells, Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz have taken advisory roles on the $24.4bn (£15.5bn) leveraged buyout (LBO) of Dell, reported to be the biggest take-private since the financial crisis.
The private equity funds market in London has been raided and invaded by US firms of late, so what has been the impact?
The Government has published its response to Professor John Kay’s review of UK equity markets and long-term decision making, which focused on changing the perceived culture of short-termism in the equity markets.
Addleshaw Goddard, Hogan Lovells and Linklaters all had roles on US private equity house Cerberus Capital Management’s £200m acquisition of pub group Admiral Taverns from Lloyds Banking Group.
EMW, Morgan Cole and Shoosmiths have all won headline roles as WestBridge Capital backs the £6m management buyout (MBO) of Cambridge-based Anglia Business Solutions in return for a 43 per cent stake in the business.
This Alert summarises recent rulings interpreting when private equity funds could have exposure for the qualified pension liabilities of a portfolio company.
Clifford Chance has advised private equity outfit the Carlyle Group on its $210m (£132m) investment in Tanzania-based agricultural company Export Trading Group (ETG), with Linklaters and South African firm Webber Wentzel also acting for investors.
Weil Gotshal & Manges has promoted London lawyers Samantha McGonigle and Simon Lyell to its London private equity partnership six years after the trophy hire of their private equity team from Hogan Lovells legacy firm Lovells.
CMS has reacted to the departure of former private equity heads David Bresnick and Ted Cominos with a restructure of the group’s leadership.
Goodwin Procter has advised private equity group Advent International on its latest fund, which has raised €8.5bn (£6.8bn) in one of the largest buyout fundraisings post-financial crisis.
Luxembourg firm Arendt & Medernach has added to its corporate capabilities with the hire of a partner from Linklaters’ Luxembourg office, Laurent Schummer.
Allen & Overy (A&O), Clifford Chance and Linklaters are among the firms winning advisory roles on a joint €1.5bn (£1.2bn) bid for Germany’s Douglas Holding by private equity group Advent International and the high-street retailer’s founding family.
Baker & McKenzie’s global private equity head Mark McNamara is set to leave the firm to join King & Wood Mallesons in Sydney as private equity head.
Edwards Wildman and Freshfields Bruckhaus Deringer have won roles advising on New York-based private equity group Paine & Partners’ investment into Greek-based irrigation company Eurodrip.
Baker & McKenzie has announced a raft of leadership changes, including the appointment of City partner Simon Hughes as chair of its global private equity group.
The flurry of deals undertaken by private equity giant Carlyle this year has provided rich picking for a number of big firms
North West firm Keoghs looks set to launch as an alternative business structure (ABS) in 2013 with external investment from a private equity house.
SJ Berwin and US firm Paul Hastings have joined forces to lead private equity group Patron Capital through the closing of its latest fund.
Our list of the summer’s big deals shows how London law firms kept busy with work from Asia as well as more familiar sources
Insurance firm Parabis is set for a £50m cash injection after being granted an ABS licence by the SRA, allowing it to take private equity investment from Duke Street.
Clifford Chance and Linklaters were part of a string of City firms advising on private equity group Cinven’s £465m acquisition of generic drugs company Mercury Pharma from HgCapital.
Davis Polk & Wardwell, Debevoise & Plimpton, Simpson Thacher & Bartlett and Weil Gotshal & Manges have all snapped up roles advising on the Carlyle Group’s acquisition of Getty Images from US private equity rival Hellman & Friedman.
O’Melveny & Myers and SJ Berwin led alongside Scottish firm Burness on Lloyds Banking Group’s sale of £1.05bn of private-equity assets to secondary specialist Coller Capital.
Clifford Chance, Duane Morris and Freshfields Bruckhaus Deringer joined Austrian firm Schoenherr advising on Swedish private equity outfit EQT Partners’ $270m (£172m) acquisition of IT company UC4 Software from the Carlyle Group.
Freshfields Bruckhaus Deringer has replaced Hogan Lovells to advise the senior lenders on the debt restructuring of waste management company Biffa, with Latham & Watkins and Linklaters also winning a role on the high-stakes negotiations.
Ashurst, Latham & Watkins and Weil Gotshal & Manges have all landed roles on the management buyout of French industrial engineering company Fives Group in a deal backed by Axa Private Equity (Axa PE).
O’Melveny & Myers and offshore firm Ogier have won roles advising private equity group Coller Capital on the closing of its $5.5bn (£3.5m) secondaries fund.
US firm Duane Morris is launching a private equity practice in Europe following the hire of Kirkland & Ellis partner Pierfrancesco Carbone.
Dewey & LeBoeuf has lost a further two City partners, with recently-recruited private equity duo Mark Davis and Russell Van Praagh quitting to join McDermott Will & Emery.
CMS Cameron McKenna, Hogan Lovells, Ropes & Gray and SJ Berwin have advised on a £37.5m acquisition by private equity house Duke Street.
Ashurst, Dundas & Wilson, Macfarlanes, McGrigors, Memery Crystal and SJ Berwin all won roles advising on the acquisition of the Garden Centre Group from Lloyds Banking Group by Guy Hands’ private equity house Terra Firma Capital Partners.
CMS Cameron McKenna’s international head of private equity Ted Cominos is to leave the firm to become a partner in the Chicago office of newly merged Edwards Wildman.
Clifford Chance and Slaughter and May have been called in to assist in US private equity group Carlyle’s £650m sale of UK cash management business Talaris to Tokyo-listed Glory.
Insurance firm Parabis Group is set to receive a £50m war chest to fund up to five acquisitions by the end of this year through an investment from private equity house Duke Street.
Hogan Lovells and SJ Berwin are understood to have won roles advising on the acquisition of a stake in insurance law firm Parabis Group by Duke Street.
Nabarro has advised an Indian biofuel producer on its £16m IPO on Aim.
Clifford Chance and Freshfields Bruckhaus Deringer won advisory roles on the management buyout of Barclays Bank’s private equity arm.
Macfarlanes and Slaughter and May have won key roles advising on Anglo-French electrical goods retailer Kesa’s sale of its 250 Comet stores to private equity house OpCapita.
Linklaters’ funds team has secured its first key role on a fundraising for private equity house Cinven after winning the client from Ashurst.
Weil Gotshal & Manges has won the battle to hold on to star funds associate Stephen Fox after a secondment at private equity house Apax Partners threatened to stall his move from Clifford Chance to the US firm.
Linklaters’ funds team has won its first key role on a fundraising for private equity house Cinven after winning the client from Ashurst.
City of London Group (COLG) has appointed former 3i Group general counsel Tony Brierley as a non-executive director.
Jones Day lined up opposite Macfarlanes and Shoosmiths advising on the £25m acquisition of the UK business of Krispy Kreme by private equity house Alcuin Capital Partners.
Linklaters has advised Carlyle Group on its recent investment into Hong Kong-listed Haier Electronics, with the Chinese company turning to longstanding counsel DLA Piper.
Private equity house Advent International has hired Weil Gotshal & Manges private equity co-head James Westra as managing director and chief legal officer.
A raft of US firms lined up alongside Clifford Chance to advise on a €393.5m mezzanine loan issued by Swedish alarm maker Securitas Direct to fund its buyout by two private equity houses.
Ashurst, Dickson Minto and Weil Gotshal & Manges all landed roles on Charterhouse Capital Partners’ $950m (£579m) acquisition of Environmental Resources Management (ERM) from Bridgepoint Capital.
Norton Rose capitalised on its expansion into Canada and Australia to guide Allied Gold Mining through a triple listing on the London, Toronto and Australian stock exchanges.
Clifford Chance funds associates Stephen Fox and David Irvine have quit the firm to join Weil, Gotshal & Manges.
Kirkland & Ellis and White & Case snatched key roles advising on EQT Funds’ SEK21 (£2.04m) sale of security products maker Securitas Direct to a private equity consortium.
Baker & McKenzie, Freshfields Bruckhaus Deringer and Scottish firms Brodies and Burness have advised on AXA Private Equity’s acquisition of a £740m portfolio of funds interests from Barclays.
Mills & Reeve has advised technology company Ubisense Group on its oversubscribed Aim listing after winning the client last year in a competitive tender against City rivals.
Clifford Chance and Slaughter and May snatched lead advisory roles in The Carlyle Group’s £1bn acquisition of RAC from insurance giant Aviva, which was announced today.
Mayer Brown’s Spanish alliance partner Ramón y Cajal has landed the lead role on the first IPO to take place on the Madrid Stock Exchange this year.
Slaughter and May and Travers Smith have taken leading roles in Umeco’s sale of its supply chain business to a private equity buyer.
Dewey & LeBoeuf has moved into the London private equity market with a double swoop on Taylor Wessing.
Macfarlanes has won an instruction acting for Montagu Private Equity on the creation of its e2.5bn (£2.25bn) pan-European buyout fund.
Clifford Chance, Hogan Lovells and Travers Smith secured the top mandates on Barclays Private Equity’s (BPE) £119m acquisition of post-production business The Mill.
Macfarlanes and SJ Berwin have claimed the leading mandates for rival private equity houses on the £215m sale of noodle bar Wagamama.
Ropes & Gray has made a significant move into the London private equity sector with the hire of DLA Piper European private equity chief Will Rosen.
Niche corporate firm Trinity International has expanded its team by appointing SNR Denton partner Hugh Naylor as head of private equity.
Former Clifford Chance managing partner Peter Cornell is to stand down from his position as chair of Terra Firma’s advisory committee.
Kirkland & Ellis has landed a pair of prime mandates acting for longstanding private equity client Bain Capital.
Baker & McKenzie has landed a mandate advising private equity powerhouse Kohlberg Kravis Roberts (KKR) on the sale of its stake in Seven Media Group (SMG) to West Australian Newspapers (WAN).
Linklaters has won the prize mandate acting for private equity house the Carlyle Group on its £450m acquisition of Integrated Dental Holdings (IDH) from Bank of America Merrill Lynch (BoAML), as well as the proposed merger with rival Associated Dental Practices (ADP).
Dewey & LeBoeuf, Linklaters and Slaughter and May have all advised on South African state-owned electricity utility Eskom Holdings’ $1.75bn (£1.11bn) bond offer.
Clients prefer to deal with established, tight-knit teams, says Gavriel Hollander
Linklaters, Slaughter and May best friend Hengeler Mueller and Austrian duo Schoenherr and Wolf Theiss took the mandates on the e1.3bn (£1.1bn) sale of clothing retailer Takko by Advent International to Apax Partners.
Apax Partners has concluded its 20-month search for a general counsel with the appointment of Simon Cresswell from Goldman Sachs.
Ashurst, SJ Berwin and Travers Smith secured the key mandates on the spinning off of Candover Investments’ private equity investment management division Candover Partners Ltd (CPL) and the subsequent investment into the new vehicle by private equity fund Pantheon.
Olswang, Simpson Thacher & Bartlett and Slaughter and May took the lead roles on the £107m buyout of music publisher Chrysalis to BMG, a joint venture established two years ago between German media group Bertelsmann and US private equity house KKR.
Ashurst has landed its first buyout mandate for new client Nordic Capital since being appointed to the private equity house’s panel earlier this year.
Mayer Brown and SJ Berwin were the firms at the forefront on Apax Partners’ sale of 16 technology companies to Azini Capital.
The London office of Latham & Watkins has completed its first mandate for private equity giant CVC Capital Partners.
A quintet of firms led by Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have landed the prize mandates on the sale of the Vue cinema chain - the third largest in the UK - to private equity house Doughty Hanson.
Ashurst and DLA Piper have secured roles advising on the international issues surrounding what is believed to be India’s largest-ever IPO.
Clifford Chance and Sullivan & Cromwell head a bevy of leading firms with roles on Brit Insurance’s £888m sale to private equity houses Apollo Management and CVC Capital Partners.
Clifford Chance and Sullivan & Cromwell head a bevy of leading firms with roles on Brit Insurance’s £888m sale to private equity houses Apollo and CVC.
A&L Goodbody, Clifford Chance and Fried Frank Harris Shriver & Jacobson have landed the mandates advising private equity house Permira on its acquisition of a majority stake in Irish healthcare equipment manufacturer Creganna.
Clifford Chance and Freshfields Bruckhaus Deringer have bagged roles on what could become one of the biggest private equity- backed initial public offerings (IPO) of 2010.
Private equity house Blackstone Group has beefed up its in-house legal offering with the appointment of corporate associate Geoffrey Bailhache from Weil Gotshal & Manges.
CMS Cameron McKenna and Travers Smith have won roles on 3i’s secondary sale of NSL Services Group to ACC Capital Partners.
Hammonds has advised private equity buy-and-build specialist Sovereign Capital on its acquisition of brain injury care specialist Christchurch Court.
US firm Debevoise & Plimpton has expanded its London private equity practice with the hire of Travers Smith partner David Innes.
Clifford Chance, Milbank Tweed Hadley McCloy and Skadden Arps Slate Meagher & Flom have landed the key roles on private equity house Permira’s acquisition of Asia Broadcast Satellite holding company Kingsbridge.
Clifford Chance and Mayer Brown have advised on the sale of a Royal Dutch Shell refinery in Germany to private equity house Klesch & Co.
Linklaters and Weil Gotshal & Manges bagged the leading roles on the £2bn sale of a majority stake in RBS’s Global Merchant Services arm to private equity houses Advent International and Bain Capital.
Investors stick to what they know rather than backing law firms.
White & Case has advised Russian property developer AFI Development on a premium listing on the London Stock Exchange (LSE).
Ashurst, Ropes & Gray and Sullivan & Cromwell have scored major roles on one of the largest European private equity buyouts of the year - the €1.2bn (£1bn) sale of Belgian manufacturing company Ontex to Goldman Sachs PIA and TPG Capital.
Clifford Chance is representing property developer the Sandpiper Group in the sale of five supermarkets to Waitrose in the Channel Islands.
Farrer & Co and Canadian firm Borden Ladner Gervais have acted on a rare secondary investment in the AIM market.
Cravath Swaine & Moore corporate partner Ronald Cami has joined private equity house TPG Capital as general counsel.
Davis Polk & Wardwell, Norton Rose, and Slaughter and May have landed leading roles on Jupiter Asset Management’s proposed £1bn IPO.
Ashurst and Simpson Thacher & Bartlett have bagged leading roles on the proposed takeover of private equity firm Candover by Canadian pension fund Alberta Investment Management Company (Aimco).
Clifford Chance and Weil Gotshal & Manges have taken prime roles on the all-equity sale of Poundland to US-based private equity house Warburg Pincus.
Clifford Chance and Cleary Gottlieb Steen & Hamilton have secured prize roles on one of Europe’s biggest capital raisings of recent times - Volkswagen’s e4.5bn (£3.9bn) rights issue.
China’s private equity market is presenting both opportunities and challenges for international funds as the domestic players make their presence felt in an increasingly fertile environment.
CMS Cameron McKenna has emphasised its commitment to growing its emerging markets presence with the recruitment of a seven-strong private equity team that was once part of Linklaters CEE ‘flying squad’.
Olswang, Slaughter and May and Withers have won leading roles on the £350m sale of online fashion retailer Net-a-Porter to Swiss luxury goods group Richemont.
Macfarlanes, Simmons & Simmons and Travers Smith have bagged the mandates on the merger of the private equity arms of investment managers Gartmore and Hermes.
Addleshaw Goddard, DLA Piper and Hammonds have completed an all-Yorkshire private equity transaction for Phoenix Equity Partners.
Equity partners at Moscow-based Egorov Puginsky Afanasiev & Partners pocketed profit shares of on average e5.64m (£5.12m) in the 2009 financial year.
Allen & Overy (A&O) and Travers Smith have continued to reap the benefit of the upturn in private equity buyouts after acting on the sale of swine flu soap manufacturer Deb Group.
Lovells has advised private equity house Kelso Place Asset Management on its acquisition of a company that owns a driving school just days after it went into administration.
Linklaters and SJ Berwin have claimed key roles for sovereign wealth fund Chinese Investment Corporation’s (CIC) $956m (£611m) investment in Apax Partners.
Ashurst and Clifford Chance have benefited from the mini-revival of the private equity M&A market by landing lead roles on the sale of LGC Holdings to Bridgepoint.
Addleshaw Goddard, Cuatrecasas, Herbert Smith, Salans and Uría Menéndez have won mandates on HgCapital’s latest renewable energy investments.
Clifford Chance and Slaughter and May have been handed the mandates to advise on New Look’s IPO in a deal that is expected to raise £650m for the company.
Clifford Chance has scored a lead role on Warburg Pincus’s £280m acquisition of safety and defence equipment manufacturer Survitec from fellow private equity firm Montagu.
Candover Partners general counsel Philip Price’s role has been expanded to include the remit of chief operating officer.
Clifford Chance and Slaughter and May have been handed the mandates to advise on New Look’s IPO in a deal that is expected to raise £650m for the company.
Clifford Chance, DLA Piper, Ogier and Travers Smith led the way on a £440m investment by private equity house Intermediate Capital Group (ICG) in legal process outsourcer CPA Global.
Weil Gotshal & Manges has bagged a role advising Advent International on the £190m acquisition of pension and employment benefit group Xafinity from Duke Street Capital.
Clifford Chance has lost out to Simpson Thacher & Bartlett on Kohlberg Kravis Roberts’ (KKR) £955m buyout of retailer Pets at Home, with partner Adam Signy giving M&A advice to the US private equity house.
Although no one is banking on a return to the boom of 2006, the general consensus is that, at least as far as the buyout market is concerned, 2010 is a time to believe
CMS Cameron McKenna and DLA Piper have scored lead roles advising Lloyds TSB’s private equity arm Lloyds Development Capital (LDC) on its £400m bid for outsourcing company CPA Global.
Linklaters has guided private equity client HgCapital to success in a convoluted battle to buy generic drugs company Goldshield Group.
The downturn has made it harder for private equity funds to exit their investments. David Baylis and Ian Moore list the options
Kirkland & Ellis’s core relationship with Bain Capital will come under threat when fellow US firm Ropes & Gray launches a UK office, as first revealed on The Lawyer.com (22 October).
Simpson Thacher & Bartlett acquisition finance veteran Tony Keal is retiring at the end of this calendar year, with the firm nominating recently promoted partner Ian Barratt to take over the key Kohlberg Kravis Roberts (KKR) relationship in London.
Clifford Chance has underscored its relationship with Permira, advising the private equity house on a £225m deal to take life insurer Just Retirement off of AIM.
Former Clifford Chance heavyweight Adam Signy has scored his first major deal since joining Simpson Thacher & Bartlett, advising Blackstone Group on its acquisition of the Broadgate estate.
A select group of firms are using established relationships to tap into fresh seams.
Wolf Theiss and CMS Hasche Sigle have scored lead roles advising on BC Partners’ e300m (£263.69m) acquisition of medical diagnostic company FutureLAB.
Clifford Chance has muscled in on Linklaters’ client Montagu Private Equity by acting on a rare leveraged buyout in Germany.
Simpson Thacher & Bartlett is understood to be advising long-standing client Kohlberg Kravis & Roberts (KKR) on the flotation of portfolio company Avago Technologies on the New York Stock Exchange.
Eversheds and Pinsent Masons have lined up on opposite sides of a rare private equity deal, with the former advising the vendor and the latter the buyer of offshore oil and gas company Viking Moorings.
Kirkland & Ellis and Sidley Austin have scored lead roles on Bain Capital’s cash injection into Chinese retailer Gome Electrical Appliances.
Candover has linked up with Ashurst after decades of dealings with Clifford Chance.
Scottish firm Burness and Berwin Leighton Paisner (BLP) have been handed mandates in private equity group BlueGem’s investment in Panmure Gordon, the loss-making investment bank.
The Government’s efforts to reduce companies’ carbon emissions will have a far-reaching effect on private equity funds. By Sue Woodman
As the usual investors in public companies dry up along with the market, now’s the time for Pipes to come into their own.
Cadwalader hopes fewer shares of greater value will prove more attractive to partners
A trio of UK firms has won roles advising on private equity house Bridgepoint’s appointment as manager of Hermes Private Equity’s funds.
Ashurst and Shepherd & Wedderburn (S&W) have led the advice on Cairn Energy’s £116m share placing.
Two US firms have secured the lead roles on American Apparel’s sale of an 18 per cent stake to private equity house Lion Capital.