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Deals roundup

Ashurst acts on takeover bid for Center Parcs Ashurst acts on takeover bid for Center ParcsAshurst has advised Blackstone and Forest Bidco, an acquisition vehicle formed by Blackstone, on Forest Bidco’s £205m takeover offer for Center Parcs. The 80p- per-share bid has been recommended to shareholders by Center Parcs’ directors. The Ashurst team was led […]

Govt lambasts OFT over costs hike and poor rate of attrition

A panel of Government MPs has slammed the Office of Fair Trading (OFT) for failing to hold on to its best lawyers and for being inefficient with public money. The House of Commons Committee of Public Accounts grilled OFT chief executive John Fingleton during a recent public questioning session. Committee chairman Edward Leigh stormed: “Your […]

Debevoise’s European offices boost profit and revenue as private equity group excels

New York’s Debevoise & Plimpton has posted double-digit increases for both revenue and profit for 2005, with turnover crashing through the $500m (£282.6m) barrier. Total fee income during 2005 rose 12 per cent to $536m (£306.8m), while average profit per equity partner was up 11 per cent, to $1.7m (£970,000). The growth comes off the […]

Shell snares GSK trademark lawyer

Energy giant Shell has poached one of GlaxoSmith-Kline’s leading trademark lawyers, Georgina Evans. Shell made the move after promoting former trademark head Bob Carter to head of agreements. Evans will take over trademarks for Shell’s European offices in The Hague and London and will report to Carter. According to a Shell spokesman, Evans will “build […]

Skadden scoops top spot for Q1 M&A

Skadden Arps Slate Meagher & Flom has come top of mergermarket’s preliminary European M&A league tables after advising on four of the five biggest deals in the first quarter of 2006. The US firm acted on 13 deals worth EUR115bn. This included roles on the quarter’s biggest deal, Endesa’s EUR47bn takeover by E.ON, Arcelor’s proposed […]

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