Norton Rose partner Martin Scott led the firm advising the China Development Bank in its purchase of £136m of new shares. The mandate is the first the firm has won since being elected onto the bank’s panel in June.
Longstanding Barclays advisers Clifford Chance is advising the bank on the investment which will see sovereign wealth funds including the Qatar Investment Authority (QIA) invest £1.7bn in the financial institution.
Allen & Overy partner Andrew Ballheimer is leading the magic circle firm advising Japanese investment bank Sumitomo Mitsui on its purchase of £500m of new Barclays shares
Ballheimer said: “This investment is a key strategic investment by SMBC and we are very pleased to be involved in this groundbreaking transaction. As an international firm, we have been able to draw on its extensive resources in the UK, Japan and the US to provide a 24 hour legal service to SMBC to execute this transaction.”