DJ Freeman (Graham Barber) acted for Capital & Regional on the establishment of two limited partnership funds with Morley Fund Management, part of the CGNU group of companies. Nabarro Nathanson acted for Morley. Berwin Leighton Paisner represented the initial limited partners.
Stevens & Bolton (Richard Baxter) advised Michael Derrick of Derrick Offshore on a friendly management buyout which has transferred the day-to-day running of the business to the existing directors. Charles Russell (Tim Jenkins) advised the new management team.
Rowe & Maw (Frances Murphy) advised Global Crossing on the competition aspects of the disposal of its IPC Trading Systems division for $360m (£254.98m). IPC was bought by a group of investors led by Goldman Sachs Capital Partners 2000. Goldman Sachs was advised in the UK by Ashurst Morris Crisp.