Allen & Overy (A&O) bagged a new client this week, winning retirement housebuilder McCarthy & Stonefrom former advisers Freshfields Bruckhaus Deringer.
Both magic circle firms worked on the company’s intention to float on the London Stock Exchange, but it was A&O that won the mandate representing the company. Freshfields meanwhile worked with the underwriters Deutsche Bank and Goldman Sachs.
It is the sixth flotation that A&O has worked on in the past month, after picking up issuer roles on the listing of Ibstock and Worldpay, as well as acting for the underwriters on Equiniti, Hastings and Funding Circle’s intended flotations.
The Lawyer spoke to A&O corporate partners Richard Browne and James Roe about the firm’s strategic focus on equity capital markets (ECM) over the past few years.
“Over the last two to three years we’ve made a significant investment in our ECM practice, particularly in the people,” Roe told The Lawyer. “The number of transactions we’re currently involved in is a testament to that.”
Also on TheLawyer.com
- GE Capital turns to Weil Gotshal for $32bn asset sale to Wells Fargo
- Linklaters Hong Kong exits continue as corporate partner joins PwC in London
- US trio advise on Dell’s $67bn takeover of EMC
