BT sells its directories business Yell to Hicks Muse Tate & Furst and Apax Partners for £2.14bn. BT advised by Allen & Overy (Eileen Kelliher). Hicks Muse and Apax advised by Weil Gotshal & Manges (Mike Francies) and Travers Smith Braithwaite (Mark Soundy). Management advised by Clifford Chance (David Walker). Debt providers Merrill Lynch and CIBC advised by Shearman & Sterling (Clifford Atkins).