Weil, Gotshal & Manges and Hogan Lovells have taken key roles as Advent International and Bain Capital Private Equity have agreed to purchase Concardis for a reported $745m. Continue reading “Private equity: Advent and Bain return to Weil for latest payments acquisition”
Maurice Allen, Ropes & Gray‘s UK office founder and former senior partner is to join DLA Piper on 1 February as a consultant to develop the firm’s finance sector strategy. Continue reading “Maurice Allen to advise DLA Piper while remaining consultant at Ropes”
Kirkland & Ellis has returned to Freshfields Bruckhaus Deringer for another finance recruit, taking Jonathan Birks.
Shearman & Sterling and Latham & Watkins have advised Thomas Cook and the underwriting banks in the global travel specialists’ €750m high yield bond offering, guaranteed by various Thomas Cook subsidiaries. The offering comprised of 6.25% senior notes due 2022, and the proceeds will be used to refinance existing debt. Continue reading “‘Significant in the post-Brexit market’: Shearman and Latham lead on Thomas Cook €750m high yield offering”
Freshfields Bruckhaus Deringer and CMS Cameron McKenna reprised their advisory roles as the Ministry of Defence (MoD) made a £1.1bn extension to the largest accommodation private finance initiative project it has undertaken.
In November the MoD amended its long-running Project Allenby/Connaught contract to include an army basing programme, which will provide new accommodation and improve facilities for soldiers. Negotiations have ensured the original transaction, which had a value of £8bn and was signed in 2006, will continue without disruption.
Continue reading “UK projects teams earn their stripes as MoD makes key changes to army deal”
Madeleine Farman and Victoria Young assess the firm’s reboot after a tough post-2008 run
Traditionally a strong lender side practice in London built around relationships with clients like Deutsche Bank and Goldman Sachs, White & Case’s banking team has moved on since the loss of a four-partner team to Latham & Watkins back in 2010. The exit of then co-head of banking Chris Kandel and his team was a significant hit to a practice that had been established at the peak of the 2000s credit binge as one of the City’s top leveraged shops. Continue reading “Finance view – White & Case reinvents its London banking practice with some success”
Market turbulence looks likely to only send the private equity bandwagon spinning faster… for those who can get on board
Markets can charge up or down, banking crises come and go, but it seems that it will take more than a little turmoil, uncertainty or even the spectre of Brexit to stop the rising influence of private equity and sponsors in Europe’s deal markets.
Continue reading “The M&A Report: Private equity offers the clients for all seasons”
Victoria Young reviews how global firms are positioning themselves to cash in on a market on the cusp
As the internationalisation of China’s currency continues, global firms are making much of the pioneering Yankee bond-style deals in the Chinese market, eyeing opportunities in the orient and beyond.
Continue reading “Green shoots: Global firms jostle for position in panda bond market”
Victoria Young reviews how global firms are positioning themselves to cash in on a market on the cusp
As the internationalisation of China’s currency continues, global firms are making much of the pioneering Yankee bond-style deals in the Chinese market, eyeing opportunities in the orient and beyond.
Continue reading “The Finance View: Global firms jostle for position in panda bond market”
Eversheds is being sued by Northern Rock Asset Management (NRAM) over allegations of professional negligence, in a claim worth £100m. Continue reading “Eversheds defends £100m Northern Rock claim over allegations of professional negligence”
