Deals round-up

Freshfields sees Westbury through Persimmon takeover

Freshfields Bruckhaus Deringer, led by corporate partner Gareth Stephenson, has advised Westbury on its takeover by Persimmon for £650m. The acquisition will strengthen Persimmon’s position as one of the UK’s leading housebuilders. Persimmon was advised by Mayer Brown Rowe & Maw.

SJ Berwin acts for British Land on London real estate sale

SJ Berwin’s real estate division has advised longstanding client British Land on the sale of 1 Fleet Place, Ludgate to Legal & General (L&G) for £119.5m. The 170,500sq ft headquarters of law firm Denton Wilde Sapte (DWS) was sold after DWS agreed to restructure its lease. The SJ Berwin team was led by real estate partner Lewis Myers. Berwin Leighton Paisner partner Ian Waring advised L&G.

BLG secures Integro’s buyout of HHS Holdings

Barlow Lyde & Gilbert has advised new client, risk management firm Integro, on its first-ever acquisition. Partners Verner Southey and Stephen Browning acted on the acquisition of HHS Holdings, the parent company of Lloyd’s broker Humphreys Haggas Sutton & Co. The acquisition is Integro’s entry into the London insurance market and follows its establishment in the US and Canada earlier this year. Ince & Co advised HHS.

Taylor Wessing instructed on Cita share disposal by Chiesi

Taylor Wessing has advised Chiesi Farmaceutici, one of Europe’s largest privately-owned pharmaceutical companies, on the disposal of its rights over shares in Cita NeuroPharmaceuticals to Vernalis, a pharmaceutical company listed on the London Stock Exchange. Taylor Wessing’s team was led by head of corporate David Roberts. Vernalis was advised in London by Anna Buscall and Gavin Weir of Allen & Overy and in Toronto by John Unger of Torys. Underwriter Piper Jaffray was advised by Jones Day.