Deals

London Stock Exchange

Travers and Gowling WLG win roles on City’s largest trust flotation

Travers Smith and Gowling WLG have advised on Smithson Investment’s IPO debut on the London Stock Exchange, which is set to be the City’s biggest ever flotation by a trust. Travers partner and head of listed funds, Aaron Stocks, led the firm’s team for Smithson and was assisted by senior associate Leigh Stockey. Gowling WLG […]

Golfing

DLA Piper and Addleshaws secure rescue buyout for American Golf

DLA Piper and Addleshaw Goddard have stepped in to rescue ailing retail giant American Golf from administration as it is purchased by private equity investor Endless. With its head office in Warrington, American Golf’s buyout was handled entirely in the firms’ regional bases. DLA Piper’s corporate restructuring partner Richard Obank and corporate insolvency partner Colin […]

Exhibitions

Clifford Chance wins Blackstone mandate as it closes in on NEC deal

Clifford Chance, Kirkland & Ellis and Eversheds Sutherland have bumped shoulders in another beefy British business buyout, advising in Blackstone’s proposed £800m takeover of live events business NEC Group. Just one month ago, the trio worked on the record £1.5bn sale of Network Rail’s commercial estate to Blackstone Property Partners and Telereal Trillium. This time round Clifford Chance […]

White & Case brought in for Coast as retailer collapses

Three firms have been called in to advise on the restructuring of fashion retailer Coast, the latest in a long line of high street brands to fall into administration. The chain’s collapse will lead to the immediate closure of 24 stores and concessions across the UK, while around 600 staff will decamp to Karen Millen, […]

Apple phone

Magic circle duo advise as Apple nabs chip designer behind iPhone

Freshfields Bruckhaus Deringer and Linklaters are advising on negotiations surrounding Apple’s acquisition of the power management technology company behind the iPhone in a deal valued at $600m. The Lawyer understands that Apple was advised by a Freshfields team led by London-based corporate and M&A partner Natasha Good, while Dialog Semiconductor, the chip designer that is […]

Newspaper

Ashurst advises i newspaper owner as it puts itself up for sale

Ashurst is advising multimedia publisher Johnston Press, which owns titles such as i newspaper, as it puts itself up for sale in response to financial struggles. Corporate partner and The Lawyer Hot 100 2017 Karen Davies and global head of restructuring and special situations Giles Boothman are leading the sale and strategic review of the beleaguered company, which […]

pensions

City duo win roles on Legal & General’s £2.4bn pensions deal

Eversheds Sutherland has steered Legal & General through the £2.4bn buyout of Nortel Networks’ pension plan, nearly a decade after the telecoms group went into administration. Legal & General sought counsel from corporate insurance partner Hugo Laing, who was supported by pensions partner Mark Latimour. They worked closely with the deal team members at Legal & […]

Well-lit UK shopping mall with crowds passing shop

Kirkland and Linklaters on call as Intu faces fresh takeover interest

Linklaters, Kirkland & Ellis, Baker McKenzie and Travers Smith have won top roles on the £2bn cash offer for shopping centre giant Intu, which has become subject to its second takeover bid this year. Linklaters has taken the lead for Intu, with corporate partners William Buckley and Iain Wagstaff representing the London-listed company. Intu is a […]

Saudi Arabia

Clifford Chance and Bakers secure $5bn deal to create third largest Saudi bank

Clifford Chance and Baker McKenzie have advised in Saudi British Bank’s (SABB) $4.9bn takeover of Alawwal Bank, creating the third largest lender in the Kingdom. Clifford Chance  acted for SABB in Dubai, with a team led by M&A corporate partner Mohammed Al-Shukairy and senior associate Daniel Boyle. Bakers advised Saudi Arabian-listed bank Alawwal Bank alongside its association firm […]

Lavazza

Freshfields takes charge for Mars on Lavazza coffee deal

Freshfields Bruckhaus Deringer has won its third significant M&A mandate from Mars in the last few months, advising the manufacturing giant  on the sale of its coffee division to Italian company Lavazza. Over the summer, the magic circle firm represented the company’s petcare division in two linked transactions that saw it acquire European business AniCura […]

Lateral hires London

City lateral hire comes good as Paul Weiss lands KKR deal with Simpson

Paul Weiss Rifkind Wharton & Garrison has represented KKR in its sale of a stake in European media company United Group, over a year after the firm hired a partner from Simpson Thacher & Bartlett – a core adviser to the investment fund. London-based partner Alvaro Membrillera advised KKR in the sale of United Group to BC […]

Broadgate

HSF capitalises on British Land ties with City redevelopment

Herbert Smith Freehills and Ashurst are advising on a joint venture between British Land and Singapore wealth fund GIC on the £1.5bn redevelopment of Broadgate, picking up work that had previously been carried out by King & Wood Mallesons. FTSE 100-listed property development company British Land, which entered into the 50/50 joint venture with Singaporean sovereign fund […]

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