Simmons advises oligarch on Evening Standard deal

Simmons advises oligarch on Evening Standard dealThe Daily Mail and Russian oligarch Alexander Lebedev have called on Freshfields Bruckhaus Deringer and Simmons & Simmons to advise on the sale of the Evening Standard.

The Daily Mail & General Trust, which owns the loss-making London paper, instructed regular adviser Freshfields, while Lebedev used Simmons & Simmons alongside Alastair Tulloch of city boutique Tulloch & Co.

Freshfields partner Julian Long (pictured) worked on the deal, which saw the Evening Standard change hands for a nominal fee of £1 after six months of negotiation.

Long has previously advised the Daily Mail on the restructuring of the Northcliffe Group and sale of the Aberdeen Journals in 2006.

Simmons partner Chris Wilkinson, who led the team acting for Lebedev, said the firm had won the instruction because of its media expertise, including acting for the Daily Telegraph before its takeover by the Barclay Brothers in 2004.

Wilkinson was assisted by corporate partner Mark Dewar, competition partner Jenny Block, employment partner Julian Taylor, head of tax Nick Cronkshaw and pensions partner Monica Ma.

Alastair Tulloch is Alexander Lebedev’s personal lawyer. Lebedev, a former KGB agent, said in a statement: “We’re strong supporters of a free and independent press and we greatly admire the Evening Standard as an iconic publication with its pedigree of fine journalism and commentary.”

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