Rarely do corporate law firms and gangsta rap cross paths, but last week the two temporarily collided as headphone-maker Beats became Apple’s largest-ever acquisition.
Beats, co-founded by Californian producer Andre ‘Dr Dre’ Young and music business mogul Jimmy Iovine, instructed West Coast firm Munger Tolles & Olsen on the deal.
More surprising is that London-based Osborne Clarke scooped a role as Munger’s running mate. The firm’s Silicon Valley head Steve Wilson won the role thanks to his longstanding relationship with Beats’ top in-house lawyers.
No doubt the transaction is music to the ears of Osborne Clarke’s corporate crew, who will be hoping they’ve secured a long-term spot among Beats’ key advisers. They’d do well to look to King & Wood Mallesons SJ Berwin for inspiration, given the firm’s rock-solid ties to Universal Music Group.
Also on TheLawyer.com:
- Italian firm Gianni Origoni has hired two of Paul Hastings’ corporate finance lawyers, including partner Alessandro Stoppa
- Weil Gotshal has hired Latham & Watkins finance partner Reena Gogna just weeks after the departure of banking chief Stephen Lucas
- Shearman & Sterling and Cravath played lead roles in Japanese group Mizkan’s $2.15bn acquisition of Unilever’s pasta sauce businesses, Ragu and Bertolli