Arrow Global IPO
Debevoise & Plimpton and Slaughter and May landed roles on Arrow Global’s initial public offering (IPO). Slaughters was the primary adviser to Arrow Global and its primary shareholder RBS Special Opportunities Fund (RBS), led by corporate partners David Johnson and Richard Smith. The London office of Debevoise, led by David Innes, advised members of the executive committee and other shareholders on its successful IPO last month, which valued the company at £357m. The successful IPO marks a partial exit for RBS, which acquired the company in 2009.
Cleary advises Inter Milan on equity sale
Inter Milan has turned to Cleary Gottlieb Steen & Hamilton on the sale of equity to International Sports Capital (ISC), which will give ISC a controlling 70% stake in the club. Cleary’s team was led by corporate partner Roberto Casati. ISC turned to Jones Day, with a team led by corporate tax partner Marco Lombardi. The value of the deal has not been disclosed, although the club is thought to be worth over €300m.
Japan Airlines purchases new fleet
K&L Gates advised Japan Airlines on a deal to purchase 31 Airbus A350 planes, with an option to buy 25 more, valued at $10bn. Tokyo-based partners Keiji Isaji (disputes), Atsushi Yamashita (corporate M&A), and global co-head of the firm’s aircraft finance group Robert Melson led the K&L Gates team that advised Japan Airlines, along with City-based finance partner Trevor Beadle. Airbus turned to its in-house team for advice on the deal.
HSF advises EDF Energy
Herbert Smith Freehills has advised longstanding client EDF Energy on a £16bn agreement to construct and operate the UK’s first new nuclear power station for a generation. The deal to build two European pressurised reactors at the Hinkley Point C site in Somerset was led by co-head of the firm’s nuclear group, Julia Pyke, and also included Brussels-based competition partner Lode Van Den Hende, who advised EDF on state aid.