Addleshaw Goddard and CMS Cameron McKenna have both scooped roles advising on Admiral Taverns’ purchase of 769 pubs from Enterprise Inns for £318m. Addleshaws advised Admiral Taverns on the deal, with property partner Andrew Shufflebotham leading the team. Camerons put together a three-partner team to advise Enterprise Inns. Corporate partner Sean Watson headed the team, which […]
Lovells has advised Standard Chartered (Pakistan) on its acquisition of an 80.9 per cent stake in Union Bank for $413m (£218.73m), marking the biggest deal in the Pakistan banking sector to date. Lovells has advised Standard Chartered (Pakistan) on its acquisition of an 80.9 per cent stake in Union Bank for $413m (£218.73m), marking the biggest deal […]
Herbert Smith scooped the Barclays Capital and ING Bank acquisition finance mandate, while Kirkland & Ellis landed its first UK deal from Providence Equity Partners, with the £1.46bn acquisition of Phones 4U owner The Caudwell Group. On 4 August private equity firm Providence agreed to acquire Caudwell for £1.46bn. Providence then sold the distribution arm to Doughty […]
Ashurst has advised Merrill Lynch on a collateralised debt obligation (CDO) involving small and medium-sized enterprises (SMEs) issuing bonds as security for notes. The PULS CDO 2006-1 PLC was issued in five tranches of fixed and floating-rate notes and had a total value of £260m. It was the first deal for portfolio manager Capital Securities […]
Reed Smith guides Napo through first-ever US primary listing on LSE” />With a transatlantic merger with Richards Butler looming on the horizon, Reed Smith has bagged a lead role on the first-ever primary listing of a US company on the London Stock Exchange (LSE). Partners Donald Reinke in San Francisco and Giles Beale in London […]
Lovells has maintained its relationship with private equity house Terra Firma to advise on a landmark securitisation, even though the firm lost the original partner on the deal to Clifford Chance. A Lovells team consisting of London and German lawyers acted for Terra Firma on a E5.4bn (£3.69bn) commercial mortgage-backed securitisation (CMBS), the biggest deal […]
Freshfields Bruckhaus Deringer advised Wolseley on its €1.5bn (£1.03bn) acquisition of Nordic distribution business DT Group from private equity group CVC Capital Partners. Freshfields corporate partner Stephen Hewes led the advice to Wolseley, the world’s largest plumbing group. Copenhagen-based firm Bech-Brunn advised vendor CVC, led by corporate partner Mikkel Lerche. Hewes advised on an acquisition […]
Herbert Smith has landed the underwriter role on the first major international IPO to originate out of Indonesia in three years. Herbert Smith’s Singapore office, together with associated Indonesian firm Hiswara Bunjamin & Tandjung (HBT), advised Credit Agricole’s Asian investment banking arm CLSA as coordinator, bookrunner and underwriter on the IPO of Indonesian construction company […]
SJ Berwin oversee first instances of ‘roof tax’ system” />Denton Wilde Sapte’s (DWS) and SJ Berwin’s real estate departments have advised on the first commercial development to utilise a ‘roof tax’ system that could form a model for an alternative to the Government’s controversial planning gain supplement tax. The roof tax system, being trialled in […]
Slaughter and May has shown its strength in the pub operator market, acting for Whitbread on the sale of 239 pubs to Allen & Overy (A&O) client Mitchells & Butler (M&B). M&B has paid £497m for the Beefeater and Brewers Fayre pubs in a deal hammered out in the early hours of Friday 21 July. […]
Allen & Overy (A&O) and Clifford Chance have been called up for a second time to advise Manchester United and JPMorgan on a £660m debt refinancing that increased the amount of money borrowed against the club’s assets, but reduced its exposure to payment-in-kind notes (Piks). Under the terms of the deal, Man Utd’s overall debt […]
Colchester law firm Fisher Jones Greenwood has established a pilot charity legal service for young people in Essex, with assistance from the Legal Services Commission (LSC). The scheme, called Lawyers for Young People, aims to assist young people in the Colchester, Chelmsford and Basildon area who are either in, or formerly in, the care system, […]