Boon for City real estate market as Eversheds Sutherland leads on largest-ever UK fund launch

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Boon for City real estate market as Eversheds Sutherland leads on largest-ever UK fund launch

In a major boon to the UK property market, recent changes to Stamp Duty Land Tax (SDLT) have sparked a trend that saw Eversheds Sutherland advise on the largest-ever launch of a UK property fund for Royal London Asset Management (RLAM) in October.

The portfolio, worth over £2.7bn, seeded by the transfer of two existing Royal London property portfolios, includes central London properties in New Bond Street, Covent Garden, Trafalgar Square, Oxford Street and St Paul’s. With a minimum investment of £50m, it is designed to expose the UK’s commercial real estate market to institutional domestic and foreign investors. Continue reading “Boon for City real estate market as Eversheds Sutherland leads on largest-ever UK fund launch”

Deal watch: Latham and CC advise on billion-pound listing as market confidence starts to return

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Deal watch: Latham and CC advise on billion-pound listing as market confidence starts to return

Global 100 leaders lined up on two billion-pound-plus European IPOs this week, as market confidence continues to return in 2017.

Latham & Watkins and Clifford Chance advised on the IPO of TI Fluid, a year after plans to float car parts maker were shelved due to the uncertainty following Britain’s decision to leave the EU, unrest in the Middle East and the fluctuation of oil prices. Continue reading “Deal watch: Latham and CC advise on billion-pound listing as market confidence starts to return”

Freshfields and Kirkland land roles in biggest ever UK airline collapse

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Freshfields and Kirkland land roles in biggest ever UK airline collapse

Freshfields Bruckhaus Deringer and Kirkland & Ellis have won advisory roles as Monarch Airlines filed for administration in the early hours of Monday (2 October).

The job – one of the most high profile corporate failures of the year – has attracted two of the City’s top insolvency teams, with Freshfields fielding a team under its veteran restructuring chief Ken Baird. Continue reading “Freshfields and Kirkland land roles in biggest ever UK airline collapse”

Dealwatch

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Dealwatch

SKADDEN PULLS MOODY’S IN €3BN DEAL

Allen & Overy (A&O) and Skadden, Arps, Slate, Meagher & Flom led as Moody’s agreed a €3bn (£2.6bn) deal to buy Dutch data group Bureau van Dijk from Swedish private equity company EQT. Skadden advised Moody’s, alongside Dutch adviser Stibbe, while A&O acted for EQT. Latham & Watkins advised the banks, while Baker McKenzie acted for van Dijk’s managers. Simmons & Simmons is also playing a role, providing employment and pensions advice to Moody’s.

Continue reading “Dealwatch”

Freshfields and White & Case line up on Alfa’s £800m IPO in biggest UK tech listing in two years

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Freshfields and White & Case line up on Alfa’s £800m IPO in biggest UK tech listing in two years

Freshfields Bruckhaus Deringer and White & Case have won places advising on Alfa Financial Software’s planned float on the London Stock Exchange (LSE), which is expected to value the company at more than £800m. Continue reading “Freshfields and White & Case line up on Alfa’s £800m IPO in biggest UK tech listing in two years”

‘Important growth markets’: Dentons leads on Liberty Global’s $760m acquisition of Polish cable operator

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Dentons has advised opposite new Warsaw firm Radzikowski, Szubielska & Partners on Liberty Global’s purchase of Poland’s number three cable operator, Multimedia Polska for $760m. Radzikowski was formed earlier this year after Chadbourne & Parke’s Warsaw office slpit from the US firm in May.

Continue reading “‘Important growth markets’: Dentons leads on Liberty Global’s $760m acquisition of Polish cable operator”

Macfarlanes gets the gig as firms line up on Verizon’s $2.4bn purchase of Fleetmatics

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Just days after the headline grabbing acquisition of Yahoo!, Goodwin Procter, Cleary Gottlieb Steen & Hamilton, A&L Goodbody and Macfarlanes are among those who have landed roles advising on Verizon’s purchase of Fleetmatics Group.

Continue reading “Macfarlanes gets the gig as firms line up on Verizon’s $2.4bn purchase of Fleetmatics”

Cravath and Skadden check-in as Starwood derails Marriott merger to seal Chinese hotel takeover

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Cravath, Swaine & Moore, Skadden, Arps, Slate, Meagher & Flom and Gibson, Dunn & Crutcher are advising as Westin owner Starwood Hotels & Resorts Worldwide has called off its $12.2bn buyout agreement with Marriott in favour of a $13.2bn offer from a group of investors led by China’s Anbang Insurance Group.

Continue reading “Cravath and Skadden check-in as Starwood derails Marriott merger to seal Chinese hotel takeover”