Porsche’s move to increase its stake from 27.3 per cent to 30.9 per cent will trigger a mandatory bid for Volkswagen, valuing the company at €35bn (£23.77bn).
The London and Frankfurt offices of A&O advised banks including ABN Amro, Barclays and Merrill Lynch on the €35bn loan to fund Porsche’s acquisition.
London partner Stephen Kensell and Frankfurt partner Dr Neil George Weiand are leading the nine-lawyer A&O team.
Freshfields’ Frankfurt office is advising Porsche. Corporate partners Christoph von Bulow and Thomas Bucker are leading the team, which includes US corporate partner Sarah Murphy in London.
A&O’s European offices are enjoying a busy few weeks.
The firm has won a role advising ABN Amro on its proposed £80bn merger with Barclays.
A&O also acted on Germany’s largest private equity deal of 2007, advising Charterhouse on the €2.4bn (£1.63bn) acquisition of Ista International from CVC Capital Partners.