Global elite joins Japanese and offshore heavyweights as Takeda persists with Shire bid

Global elite joins Japanese and offshore heavyweights as Takeda persists with Shire bid

Life sciences giant puts £46bn offer on table for Irish rival

Magic Circle duo Slaughter and May and Linklaters have been joined by Davis Polk & Wardwell and Ashurst in landing key mandates as Japanese giant Takeda Pharmaceutical Company launched a £46bn takeover of Shire last month. Continue reading “Global elite joins Japanese and offshore heavyweights as Takeda persists with Shire bid”

Dealwatch: PE deals continue to dominate agenda for City firms

Dealwatch: PE deals continue to dominate agenda for City firms
  • Ropes & Gray’s London arm advised on the largest-ever UK private equity software buyout. Helen Croke (pictured) led the team advising Intermediate Capital Group (ICG) on a £1.3bn joint partnership investment. ICG was joined by Hg Saturn Fund as they invested in IRIS Software Group, a business-critical software provider for the UK accountancy, education and business market. Hg Saturn was advised on the transaction by Linklaters, while Skadden, Arps, Slate, Meagher & Flom acted for IRIS.
  • White & Case continued its strong run of private equity deals as the firm advised CVC Capital Partners on the €1.01bn loan financing of a consortium buyout of Finnish private healthcare provider Mehiläinen. The team comprised banking partners Martin Forbes and Justin Wagstaff. Meanwhile Latham & Watkins advised CVC and the banks – UBS, M&S, Bank of America Merrill Lynch, Jefferies, Credit Suisse, KeyBank and Barclays. Kirkland & Ellis advised Summit Partners, which was a selling shareholder.

Continue reading “Dealwatch: PE deals continue to dominate agenda for City firms”

Rich pickings for Travers Smith and Freshfields as Bridgepoint cashes in on Pret

Rich pickings for Travers Smith and Freshfields as Bridgepoint cashes in on Pret

Ten years after acquiring Pret A Manger in a deal worth £350m, private equity house Bridgepoint is selling it for more than four times its original investment and providing City firms with big mandates.

Luxembourg-headquartered JAB Holding Company, an investment firm owned by Germany’s Reimann family, is to buy the food chain for £1.5bn. Continue reading “Rich pickings for Travers Smith and Freshfields as Bridgepoint cashes in on Pret”

Moves of the month

Moves of the month
  • White & Case maintained its recent hiring spree in its litigation practice with the recruitment of Chris Brennan from Addleshaw Goddard. Brennan is White & Case’s second key City disputes lateral hire this year following the addition of Hannah Field-Lowes from Weil, Gotshal & Manges. Brennan previously headed up Addleshaw’s Financial Conduct Authority investigations and enforcement team as well as serving as head of regulatory at Lloyds Banking Group.
  • As Allen & Overy lost Nicola Dagg, Freshfields Bruckhaus Deringer strengthened its intellectual property capability with the addition of Christopher Stothers from Arnold & Porter. Stothers is due to work closely with the firm’s patent litigation teams in Germany and the Netherlands.
  • Ashurst has set about rebuilding after a three-partner exodus at the end of 2017, with the hire of Baker McKenzie’s former global co-head of securitisation Jonathan Walsh. Walsh left Bakers after 13 years, having also served as head of international securities at Norton Rose until 2005.
  • Bakers, meanwhile, made additions of its own this last month, with the hire of Kathy Honeywood to its energy, mining and industrials practice. Honeywood was previously at Clifford Chance, bringing with her experience in M&A transactions, corporate finance and joint ventures. She relocated to Singapore in 2015, where she led the Magic Circle firm’s corporate practice in South-East Asia.
  • Dentons strengthened its City presence with the addition of Howard Barrie, who rejoins the firm after a previous 19-year stint with Dentons before leaving for Eversheds Sutherland. Barrie focuses on projects and project finance, in addition to structured trade finance and commodity finance.
  • Mayer Brown was among those to make strategic international additions, securing the hire of Raúl Fernández-Briseño from White & Case. Fernández spent nearly 20 years at White & Case and will now serve as head of M&A for Mayer Brown in Mexico City.

Life during law: Richard Crump

Life during law: Richard Crump

Never wanted to be a lawyer. I was persuaded to read law at Oxford by my school. I wanted to do history. Hated law at university. Wasted my time. I was lectured by the great and good but didn’t find it interesting. The one interesting course was on international trade, which was given by a guy called Francis Reynolds. Also a guy that tutored me at college, Peter Gross, who later became a Lord Justice of Appeal, they kindled that interest for me.

When I joined Holman Fenwick & Willan, as it was then known, my intention was to get my two years’ articles and do something else. Continue reading “Life during law: Richard Crump”

Client Intelligence Report: Data View – Euro Elite Focus

Client Intelligence Report: Data View – Euro Elite Focus

The European region of the Client Intelligence Report received feedback from just over 2,500 in-house lawyers and legal spend decision makers.

The following section offers a short overview of how clients ranked law firms in their region. Respondents were asked to score a list of key performance indicators (KPIs) on a scale of one to ten according to their perception of the law firm’s service in the last 12 months. Each client scored their chosen firms on 13 core KPIs covering client relationship skills, technical legal ability and efficiency in project management. The ranking of firms was vetted for seniority of respondent so that we are able to provide true representation of the firm’s performance in the region. Continue reading “Client Intelligence Report: Data View – Euro Elite Focus”

SFO makes interim director appointment as Linklaters hires DPP Alison Saunders

SFO makes interim director appointment as Linklaters hires DPP Alison Saunders

The white-collar crime arena has seen significant upheaval in recent weeks, with the Serious Fraud Office (SFO) making an uninspiring interim appointment to replace director David Green QC, while Linklaters has hired the divisive Alison Saunders, the current director of public prosecutions (DPP).

Mark Thompson, formerly the SFO’s chief operating officer (COO), took over from the previous incumbent on a temporary basis on 21 April. In an SFO press release, Thompson had said: ‘The search for a new director has been successful, although the individual cannot take up the post immediately.’ Continue reading “SFO makes interim director appointment as Linklaters hires DPP Alison Saunders”

McDermott’s mass lawyer swoop casts shadow over DLA financial renaissance

McDermott’s mass lawyer swoop casts shadow over DLA financial renaissance

It has been a bumpy few months for DLA Piper. Just as the dust was settling following McDermott Will & Emery (MWE)’s 20-partner blitz on its US offices, the Chicago-based firm hired another three partners from DLA in London.

What a way to take some of the gloss off a turnaround in global turnover to back above $2.5bn, coupled with double-digit percentage growth in net profit, also announced in April. Continue reading “McDermott’s mass lawyer swoop casts shadow over DLA financial renaissance”