Deals summary

Ashurst Morris Crisp (Mark Vickers) advised Barclays Bank Leveraged Finance on the £50.75m public to private takeover of FCX International by XCF Investments, a company funded by the Alchemy Investment Plan. XCF advised by Macfarlanes.

Linklaters (David Yun) advised Pacific Ports Company (PPC) on a proposed HK$1.09bn (£89.5m) merger between indirect subsidiary Xiamen Xiang Yu Quay Co and two other subsidiaries in the PPC group. The subsidiaries were advised by King & Wood and People’s Republic of China lawyers Commerce and Finance.

Macfarlanes (Kevin Tuffnell) advised Legal & General on a £131m sale of Legal & General Bank and Legal & General Mortgage Services to Northern Rock. Northern Rock was advised by Freshfields Bruckhaus Deringer.

Allen & Overy (Stanley Chow, Mitchell Silk) advised RWE subsidiary Thames Water on its $70m (£44.8m) acquisition of a 48.8 per cent shareholding in the China Water Company. China Water was advised by Linklaters.

Clyde & Co (Tim Matthews, Nick Purnell) advised Securicor on a £200m 10-year deal with Alliance & Leicester for the outsourcing of the bank’s cash processing business. Alliance & Leicester was advised by Allen & Overy.

Simmons & Simmons (Charles Mayo) advised IX Europe on its €20m (£12.9m) fourth round funding. Lead investors European Acquisition Capital and Banc of America Securities advised by Travers Smith Braithwaite (Brenda McKenna) and Kirkland & Ellis.