Deals

telecoms

Freshfields and Paul Hastings lead on €260m telecoms sale

Freshfields Bruckhaus Deringer and Paul Hastings have picked up lead roles on the latest bumper deal in the increasingly active telecoms sector. The magic circle firm has been advising South African company MTN Group on its sale of subsidiary company MTN Cyprus to Monaco Telecom for approximately €260m. Paul Hastings is representing the buyer Monaco […]

Clifford Chance bags role for Inmarsat as it snubs hostile US takeover

Clifford Chance has taken the lead for UK satellite company Inmarsat as it rejects a hostile £3.2bn takeover bid from US rival EchoStar, advised by White & Case. Clifford Chance advised Inmarsat, fielded by corporate and M&A partners Jonny Myers, David Lewis and Lee Coney.  Following a last-minute snag at Inmarsat, EchoStar, which is controlled by […]

Rolls-Royce

Linklaters and Eversheds lead as Rolls-Royce continues spate of asset sales

Linklaters and Eversheds Sutherland have advised in the £500m sale of Rolls-Royce’s loss-making marine division, two weeks after the British manufacturing giant revealed the extent of its major business shake-up. Linklaters corporate partner Hugo Stolkin and managing associate Adam Rogowski have advised the buyer, Norwegian defence, marine and aerospace company Kongsberg Gruppen.  Kongsberg, which is 50 per […]

US firms grab roles as Praxair closes in on $45bn merger

A raft of firms have been called up as Praxair completes the next step of its proposed billion-dollar merger with German oil and gas giant Linde. McDermott Will & Emery took the lead for New York-listed Praxair in the €5bn sale of its European gases business to Tokyo-listed Taiyo Nippon Sanso. The divestment comes as Praxair eyes […]

Binary code bursts from phones held by people with a matrix style overlay of glowing electronic numbers.

A&O and Freshfields take the lead on £2bn telecoms buyout

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have advised telecoms giants Veon and CK Hutchison on the £2.2bn buyout of Italian mobile phone venture Wind Tre. A&O’s global managing partner Andrew Ballheimer, TMT partner Simon Toms and global head of telecoms Tom Levine led the deal for Veon. Global co-head of antitrust Antonio Bavasso and senior associate Ross Ferguson provided […]

Mining

Ashurst advises on £800m take-private offer for Vedanta

Ashurst is advising on the possible buyout of Vedanta Resources, after Indian businessman Anil Agarwal indicated his intention to purchase the remaining shares in the company for nearly £800m. The firm is working with Volcan Investments, the vehicle through which Agarwal currently owns a majority stake in Vedanta. He has made an offer to take on the […]

global networks

A&O beats magic circle rivals in global M&A league

Allen & Overy (A&O) has won a leading role on deals worth $278bn in the first half of 2018, making it the most prolific magic circle adviser of public M&A bids so far this year. According to preliminary data from Thomson Reuters, A&O was involved in 116 deals during the first half of this year, ranking […]

circle housing group social housing

Trio of firms lead as Allianz pushes into student accommodation market

Herbert Smith Freehills (HSF) has advised Allianz Real Estate on its largest equity investment into the UK, agreeing a £350m deal with Greystar and the Public Sector Pension Investment Board (PSP Investments). The deal sees German investor Allianz Real Estate acquire a 40 per cent stake in UK student accommodation platform Chapter from Greystar and PSP. HSF […]

Linklaters and Bakers lead on €1bn Cerberus deal

Linklaters and Baker McKenzie have led in the €1.2 billion sale of the world’s largest air cargo handler, Worldwide Flight Services (WFS), to New York based private equity company Cerberus Capital Management. Linklaters corporate partners Ben Rodham and Christopher Boycott acted for Cerberus, which from 2015 has been owned by Platinum Equity. They were supported by finance partners Daniel […]

payment

Freshfields and Weil lead as European payments rivals join forces

Nearly a year after advising on Hellman & Friedman’s takeover of Nets, Freshfields Bruckhaus Deringer has strengthened its relationship with the private equity house by acting on a further deal for its payments portfolio company. The deal sees Nordic payments company Nets agree a tie-up with Concardis Payment Group, a rival provider in the German-speaking […]

City duo lead on £1bn sale of UBS headquarters

Clifford Chance and Herbert Smith Freehills (HSF) have led on the sale of UBS’ UK headquarters in the latest billion-pound sale of prime real estate in the City. The magic circle firm advised a subsidiary of Hong Kong-based CK Asset on the £1bn purchase of 5 Broadgate from British Land and GIC. The building was […]

payment

Clifford Chance leads on bumper fintech listing for PayPal rival

Clifford Chance has advised on one of the largest IPOs in Continental Europe this year, tapping into a trend of tech companies pursuing public listings. The magic circle firm won the mandate from Dutch fintech company Adyen, which hosts payment platforms for companies such as eBay, Uber and Netflix. Adyen turned to magic circle partner […]

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