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.
Ropes & Gray’s new London office has secured its first mandate since its launch last month, advising on the financing of Liberty Global’s €3.5bn (£3.12bn) acquisition of Unitymedia.
London finance partners Jonathan Bloom and Mike Goetz advised Liberty on the €2.5bn high-yield financing portion of the acquisition, which will see the media company acquire Unitymedia from private equity owners BC Partners and Apollo. Ropes US partners Jay Kim, Craig Marcus and Jane Rogers flew in to London last month to advise on the deal alongside Bloom and Goetz.
Freshfields Bruckhaus Deringer Munich-based partner Jorck Jetter led a team from the magic circle firm advising Liberty the on M&A aspects of the deal.
London-based Latham & Watkins partner Richard Trobman advised banks Credit Suisse, Deutsche Bank, Goldman Sachs and JPMorgan.
Bloom said: “The deal’s an interesting illustration as to how the currently robust high yield market provides sponsors with an opportunity to realise full exit from an investment where a competing IPO would only provide a partial realisation on their investment.”
The deal comes after Boston-headquartered firm Ropes hired former Freshfields finance lawyers Allen and Goetz to spearhead its London launch last month (22 October 2009).
The firm also hired high-yield specialist Bloom last month from White & Case, where Allen and Goetz were previously partners (26 October 2009).