MAGIC CIRCLE DUO SERVE UP QUORN DEAL
Linklaters and Allen & Overy (A&O) took lead roles as the private equity owners of meat-substitute Quorn disposed of the business to a Filipino noodle maker. Linklaters advised Monde Nissin, which bought Quorn for £550m, while Quorn’s owners Exponent Private Equity and Intermediate Capital Group were advised by A&O.
HSF STRIKES GOLD
Herbert Smith Freehills (HSF) has won a new client as Polyus Gold received a takeover bid from its co-owner Sacturino. HSF acted for Polyus, Russia’s largest gold producer, while Sacturino was advised by Norton Rose Fulbright. Debevoise & Plimpton advised Sacturino on the financing aspects of the sale, along with Jersey’s Bedell Cristin. VTB Capital, which financed the bid, was advised by Allen & Overy, and Ogier in Jersey.
CC AND SHEARMAN ADVISE ON ITALIAN POST OFFICE IPO
Clifford Chance (CC) and Shearman & Sterling have landed lead roles on the float of Italy’s post office, in an initial public offering expected to be valued between €8bn and €10bn. CC is acting alongside local firm Brancadoro – Mirabile as advisers to the post office, with Gianni, Origoni, Grippo, Cappelli & Partners serving as adviser to the selling shareholder, Italy’s ministry of economy and finance. Shearman and Chiomenti are advising the offering’s global co-ordinators, and the joint book runners.
LINKLATERS AND EVERSHEDS FUEL GARAGE DEAL
Linklaters and Eversheds won key roles advising on TDR Capital’s £1.3bn investment in family-owned Euro Garages. Linklaters acted for TDR Capital, the London-based investment firm, which owns rival company European Forecourt Retail Group, while Eversheds advised Euro Garages, the Lancashire-based company owned by brothers Mohsin and Zuber Issa.