Denton Wilde Sapte (Charles Wood, Anthony Alexander, David Birchall, Richard Barham) advised the Department of Trade and Industry on the transfer schemes put in place by the 14 public electricity suppliers in England, Wales and Scotland to separate their supply and distribution businesses. The separation was required by the Utilities Act 2000, which took effect last month.
Weil Gotshal & Manges (Paul Claydon, Mike Francies) acted in Scotland's biggest management buyout to date. The firm advised finance provider WestLB and the acquiror on the purchase of Jim Beam subisidiary JBB (Greater Europe). McClure Naismith acted for the management on its investment. Allen & Overy reviewed debt documents for WestLB and Julian Holy acted for mezzanine financier Rotch.
Baker & McKenzie (Clive Cook) advised the Croatian government on its g500m (£309.19m) disposal of a 16 per cent interest in national telecoms provider Hrvatski Telecom to Deutsche Telekom. Deutsche Telekom bought 35 per cent of Hrvatski in 1999, so it is now the majority shareholder. Croatian law firm Bogdanovic & Dolicki also advised the government. Deutsche Telekom was advised by Austrian law firm Weiss-Tessbach.
Ashurst Morris Crisp (Paul Gadd) advised Williams de Broe in its role as sponsor and underwriter on the flotation of Vanco. Vanco, one of the UK's largest privately-owned telecoms operators, was capitalised at £53.4m. Osborne Clarke (James Massy-Collier) advised Vanco.