Legal Business

Deal watch: Corporate activity in April 2016

FORSTERS AND SLAUGHTERS LEAD ON TATA STEEL SELL OFF

Forsters and Slaughter and May acted on Greybull Capital’s rescue deal to buy Tata Steel’s European long products business, which includes the Scunthorpe steel works employing 3,500 people. Slaughters advised Tata, while Forsters acted for family office Greybull.

MAGIC CIRCLE WIN BIG ON MONEY TRANSFER DEAL

Allen & Overy (A&O) and Linklaters won roles advising UAE Exchange and Travelex Holdings on a $965m loan financing backed by nine banks, including Goldman Sachs and Barclays Bank. A&O represented the banks, while Linklaters advised UAE Exchange and Travelex.

 

DAVIS POLK ADVISES ON MARKIT DATA DEAL

Longstanding adviser Davis Polk & Wardwell acted for Markit Group as the London-based data provider sealed a $13bn merger with US company IHS. Weil, Gotshal & Manges is advising Colorado-based IHS on the combination, which values Markit at $5.9bn, and is another example of a US deal that will take advantage of overseas tax bases.