Deals

Aggreko

Kirkland and Slaughters lead on Aggreko’s £2.3bn sale

Kirkland & Ellis has taken the lead role for the private equity bidders on the £2.3bn buyout of equipment supplier Aggreko. TDR Capital turned to Kirkland yet again after last year seeking the firm’s counsel on its £6.8bn purchase of ASDA. Partners David Holdsworth and Mark Thompson led for TDR and I Squared Capital, with […]

magazines

Reed Smith and A&O lead on New Scientist sale

Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]

handshake

Magic circle and US firms win roles on KKR’s electricity acquisition

Clifford Chance and Allen & Overy acted alongside two US firms on a deal that will see PE powerhouse KKR become a major shareholder of Finland’s biggest electricity distribution company. The two magic circle firms were on the opposite sides of a deal that ended in KKR and Canadian pension fund Ontario Teachers’ Pension Plan […]

trustpilot

Gibson Dunn at the helm for Trustpilot IPO

Review platform Trustpilot is planning to list on the London Stock Exchange, as the IPO market starts to pick up in the City. Gibson Dunn & Crutcher is advising the company on aspects of English and US law. The firm’s team is being led by partners Chris Haynes and US-qualified Steve Thierbach. Morgan Stanley and […]

Ascential

City duo secure roles on Ascential’s latest brand sale

Travers Smith and Taylor Wessing have won lead mandates on the disposal of one of Ascential’s businesses to Bridgepoint. The sale covers Ascential’s DeHavilland group, a monitoring service for those in the public affairs and policy sector. Travers advised listed media company Ascential, formerly EMAP, on the sale, with a team led by private equity […]

ASDA

City quartet lead in ASDA’s £2.75bn bond sale

Slaughter and May and Latham & Wakins are among the firms advising on the Issa Brothers’ sterling junk bond sale to fund the acquisition of Asda. The billionaire brothers have sold £2.75bn worth of debt through the bond. Slaughters is acting for Asda with a team led by finance partner Guy O’Keefe, alongside associates Charlie […]

Biotechnology

Kirkland and Freshfields team up on £3.4bn Lonza carve-out

Private equity buyers Bain Capital and Cinven called on Kirkland & Ellis and Freshfields Bruckhaus Deringer for counsel as they bought a division of Swiss life sciences business Lonza. Kirkland took the lead on M&A aspects of the transaction, with a team led by partners Adrian Maguire, Rory Mullarkey, Jacob Traff and Dan Clarke. Freshfields meanwhile […]

airplane

PE trio lead on £3.5bn Signature Aviation deal

Corporate heavyweights, including Kirkland & Ellis and Linklaters, were at the helm as an investor consortium put in a bid for London-listed Signature Aviation. Signature Aviation was formerly known as BBA Aviation and rebranded in 2019 after CVC bought its aerospace manufacturing unit. As a result, the company moved its focus back to flight support […]

Arcadia Topshop

ASOS calls on Slaughters in Topshop deal

Slaughter and May and Freshfields Bruckhaus Deringer are acting on ASOS’ £295m acquisition of a clutch of high street brands from collapsed retail group Arcadia. Led by corporate partner Andrew Jolly, Slaughters is at the helm for ASOS which has taken on the Topshop, Topman, Miss Selfridge and HIIT brands for £265m, and a further […]

Paperchase

City firms steer Paperchase towards rescue deal

Baker McKenzie and Mayer Brown have helped secure a rescue deal for Paperchase after the business suffered severe disruptions from Covid-19 lockdowns. Following the appointment of administrators from PwC on 28 January, the stationery chain has been sold in a pre-pack administration to Permira Debt Managers. Bakers’ banking and finance partner Geoff O’Dea has taken […]

G4S

Quartet set to pocket lion’s share of £37m G4S-Allied fees

Four firms, including Freshfields and Linklaters, are set to share in fees totalling over £37m if the sale of FTSE security company G4S goes ahead as planned. The fee estimates for legal advice are noted in Allied Universal’s offer document for G4S, released earlier this month. Since then both Allied and rival bidder GardaWorld have […]