Latham & Watkins and Sidley Austin have advised on online casino operator 888 Holding’s £22m buyout of All American Poker Network (AAPN). Through the deal, London-listed 888 has acquired the remaining 53 per cent interest in AAPN that it does not own, from its joint venture partner Avenue OLG Entertainment. AAPN was established as a US-facing joint venture […]
The US firm is working with Clifford Chance on the largest equity investment ever made by the UK Government’s CDC Group.
Slaughter and May and Ashurst are leading for embattled contractor Interserve, which has revealed that it is seeking a recovery plan amid fears of a Carillion-style collapse. The rescue plan, which aims to scale back its £500m debt pile, will see the Reading-based outsourcer convert much of its debt into new shares, potentially handing control of the […]
Ashurst, Freshfields Bruckhaus Deringer and K&L Gates are advising on the £608m hostile takeover offer of British oil and gas company Faroe Petroleum by a Norwegian rival. At the end of November, Norwegian company DNO ASA swooped in amid the slide in the price of oil to announce its firm intention to make an offer for Faroe Petroleum, […]
Slaughter and May, Burges Salmon and Foot Anstey have advised in the world’s first football stadium battery at Arsenal’s Emirates Stadium, which will power the whole ground from kick-off to full time. Tucked in the basement of the stadium, the battery storage system (BSS), follows three years of development between Arsenal, developer Pivot Power and investment company […]
Macfarlanes and DLA Piper are acting in the sale of a £55m building in the heart of Soho’s filmland. 141 Wardour Street, which stands on the corner of Wardour Street and Broadwick Street and is fully let to the Moving Picture Company, has been sold to commercial property investment manager Orchard Street. Macfarlanes has advised […]
Travers Smith and Cooley have led on the acquisition of San Francisco-based advertising firm Mightyhive by Sir Martin Sorrell’s S4 Capital, in a $150m deal that will consolidate the position of analytics and algorithms at the heart of the digital marketing business. The Lawyer has learned that S4 Capital was advised by a team from Travers Smith […]
Macfarlanes is advising on Novartis’s HQ move to White City, as the Swiss drugs giant sets its sights on joining a cluster of life sciences companies in West London. Novartis’s 600 HQ staff will relocate from Frimley in Surrey to the WestWorks building on the White City Place campus within the UK’s “golden triangle” bioscience hub […]
Slaughter and May is spearheading a host of Championship football clubs in their rebellion against a new TV rights deal with Sky Sports. Championship clubs that are said to include Leeds, Derby, Middlesbrough, Nottingham Forest, Stoke and Aston Villa have mounted the legal challenge against the EFL (English Football League) in revolt to a £595m five-year TV […]
Pinsent Masons is shepherding investment platform AJ Bell on its planned flotation on the London Stock Exchange, despite ongoing uncertainty in the IPO market. Partner Julian Stanier and senior associate Alasdair Weir are leading the Pinsent Masons’ corporate team; Stanier joined the firm in 2017 from legacy Berwin Leighton Paisner prior to its US merger […]
Addleshaw Goddard is leading on merger negotiations between its client Moore Stephens and rival BDO, in a deal that could create the UK’s fifth largest accountancy firm. Advisory giant BDO, which has locations all over Europe, Asia and the US, is being advised by Memery Crystal chairman and corporate partner Lesley Gregory. Its smaller rival Moore Stephens […]
Six firms have won work on the £350m financing of Regent’s Crescent, a Grade 1-listed construction project underway in London’s Marylebone. The project is being overseen by Bryan Cave Leighton Paisner, which won the mandate for Regent’s Crescent Property Holding in its bid to develop the high-end residential district. Real estate finance senior associate Payam […]
