Ashurst sets sights on funds and Brexit fallout work with new Luxembourg arm

Ashurst sets sights on funds and Brexit fallout work with new Luxembourg arm

Ashurst is targeting a significant uptick in its European funds offering, having received licence approval for a new Luxembourg office from the country’s Bar association.

Corporate partner Isabelle Lentz – currently head of its Luxembourg desk in London – will take the helm at the new outpost, which is set to open in October. Continue reading “Ashurst sets sights on funds and Brexit fallout work with new Luxembourg arm”

Another big-dollar mandate for Travers as Micro Focus sells software business to EQT

Another big-dollar mandate for Travers as Micro Focus sells software business to EQT

Extending beyond its reputation for outstanding mid-market deal work, Travers Smith has once again put its name to a multibillion-dollar deal as IT company Micro Focus sells its open-source software business SUSE for $2.5bn.

Swedish private equity group EQT Partners is on the other side of the table and turned to US giants Latham & Watkins and Milbank, Tweed, Hadley & McCloy to advise on the acquisition. Continue reading “Another big-dollar mandate for Travers as Micro Focus sells software business to EQT”

Dealwatch: Europe provides rich pickings for City firms and US giants

Dealwatch: Europe provides rich pickings for City firms and US giants
  • White & Case and a group of Italian elite independents advised CVC Capital Partners on the €3bn acquisition of a 52% stake in Italian drug maker Recordati from the family of the company’s founders. The US firm’s Milan office founder Michael Immordino (pictured), London partners Mike Weir, Steven Worthington, Martin Forbes and James Greene were part of the team alongside Milan-based Ferigo Foscari, Leonardo Graffi, Iacopo Canino and Alessandro Nolet. Italian PE firm Gattai Minoli Agostinelli & Partners also acted for CVC with founder Bruno Gattai and partners Gerardo Gabrielli, Nicola Brunetti and Lorenzo Cairo. Pedersoli advised Recordati’s shareholders, led by Carlo Pedersoli.

Continue reading “Dealwatch: Europe provides rich pickings for City firms and US giants”

Eversheds wins key Rolls-Royce mandate as Norwegian group lands marine business

Eversheds wins key Rolls-Royce mandate as Norwegian group lands marine business

Nigel Cooke leads the team advising the UK giant on its £500m sale

Engineering giant Rolls-Royce turned to long-term adviser Eversheds Sutherland for the £500m sale of its unprofitable commercial marine division to Nordic technology company Kongsberg Gruppen. Continue reading “Eversheds wins key Rolls-Royce mandate as Norwegian group lands marine business”

Freshfields and King & Spalding secure mandates as Equitable Life completes its turnaround with £1.8bn sale

Freshfields and King & Spalding secure mandates as Equitable Life completes its turnaround with £1.8bn sale

Equitable Life put pensions at risk when it nearly collapsed in 2000. But 18 years on it has completed its turnaround with Life Company Consolidation Group (LCCG) agreeing to acquire the UK’s oldest life assurer for £1.8bn.

Equitable Life turned to Freshfields Bruckhaus Deringer, which fielded a team led by corporate insurance partner George Swan and included restructuring and insolvency specialists Neil Golding and Craig Montgomery. Continue reading “Freshfields and King & Spalding secure mandates as Equitable Life completes its turnaround with £1.8bn sale”

Moves of the month

  • White & Case boosted its City recruitment drive and funds credentials with London partner Shane McDonald joining its global banking practice, the firm’s sixth London lateral this year alone. McDonald’s previous role of senior vice president at fund manager Hudson Advisors allowed him to forge valuable links with private equity firm Lone Star Funds. He has experience of the financing of a large number of investments, including the acquisitions of non-performing loan portfolios and private equity portfolio companies. Dual-qualified to practise in England and Australia, he was previously an associate at Ropes & Gray and, before that, at Freshfields Bruckhaus Deringer.

Continue reading “Moves of the month”