The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Buyout firm BC Partners, advised by Dickson Minto senior partner Alastair Dickson and banking partner Michael Barron, paid 1.98bn Turkish lira (£818.84m) to take a controlling stake in the Migros supermarket chain. BC Partners received additional advice from local firm Pekin & Bayar.
It is a sign of the worsening squeeze on credit in Europe and the US that the purchase was financed entirely by local banks GarantiBank, IsBank and VakifBank, which turned to Clifford Chance and a number of local firms.
Clifford Chance banking partner Charles Cochrane said: "There haven't been many deals like this. Private equity is looking for new places to invest and getting comfortable in these jurisdictions, which in the past it might not have been so comfortable in. That is a sign that there isn't the depth of liquidity in traditional markets to be raising that kind of money."
The vendor, Turkish conglomerate Koc Holding, which sold its 50.8 per cent stake in Migros to BC Partners, used in-house counsel, Turkish firm EsinIsmen Law Firm and the UK office of Chadbourne & Parke.
BC Partners said it would make a tender offer for the remaining shares in Migros, which had sales of around 3bn lira (£1.24bn) in 2007.