Simpson Thacher & Bartlett, Davis Polk & Wardwell, and Swiss firm Bär & Karrer have landed key advisory roles on China National Chemical Corp’s (ChemChina’s) $43bn bid for Swiss seeds and pesticides group Syngenta, in what will be the largest ever acquisition by a Chinese firm.
US and Irish firms act on $16.5bn Tyco-Johnson Controls merger
Simpson Thacher & Bartlett, Wachtell, Lipton, Rosen & Katz, A&L Goodbody and Arthur Cox have all landed roles advising on the $16.5bn merger of industrial company Johnson Controls and security provider Tyco – a deal that will lower the new company’s tax bill.
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Linklaters and Ashurst win roles as housebuilder Countryside Properties prepares to float
Linklaters and Ashurst have landed roles advising UK property developer Countryside Properties as it prepares to list on the London Stock Exchange, in a float likely to value the housebuilder at around £1bn.
A&O and Linklaters win mandates as spread-betting company CMC Markets plans float
Allen & Overy (A&O) and Linklaters have landed roles advising online spread-betting company CMC Markets as it plans to float on the London Stock Exchange, in what will be the first initial public offering (IPO) of 2016.
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Deal watch: Corporate activity in November 2015
FRESHFIELDS AND LATHAM ADVISE ON BARCLAYS SPIN OFF
Freshfields Bruckhaus Deringer and Latham & Watkins have acted on the spin-off of Barclays’ natural resources private equity arm in a management buyout. Barclays Natural Resources Investments was purchased by its managers after being placed into Barclays’ non-core asset pile following a restructuring last year. Freshfields acted for Barclays, while Latham advised management.
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Dealwatch: Magic Circle trio and Travers Smith advise as Carlyle sells RAC stake to new investors
Clifford Chance (CC), Linklaters and Freshfields Bruckhaus Deringer have all landed advisory roles alongside Travers Smith on a deal which will see CVC Capital Partners form a partnership with Singapore sovereign wealth fund GIC to invest in the roadside assistance provider RAC through the purchase of Carlyle’s stake in the latter.
Dealwatch: Magic Circle firms lead on major City broking merger
Clifford Chance and Allen & Overy (A&O) are orchestrating a tie-up between two of the City’s most storied brokers, Icap and Tullett Prebon, as the market consolidates in response to low trading volumes and tougher regulations.
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Dealwatch: Davis Polk and Simpson Thacher lead as AstraZeneca takes over ZS Pharma for $2.7bn
Wall Street leaders Davis Polk & Wardell and Simpson Thacher & Bartlett are lead advisers on Anglo-Swedish pharma giant AstraZeneca’s $2.7bn acquisition of California-based biopharmaceutical company ZS Pharma. Continue reading “Dealwatch: Davis Polk and Simpson Thacher lead as AstraZeneca takes over ZS Pharma for $2.7bn”
DealWatch Corporate activity in October
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.
Game over: Debevoise, A&O and Fenwick & West lead on Candy Crush maker’s sale for $6bn
Debevoise & Plimpton, Allen & Overy (A&O) and Fenwick & West have scored roles advising video game maker Activision Blizzard on the acquisition of Candy Crush creator King Digital Entertainment for $5.9bn – one of the largest deals in the fast-growing interactive entertainment industry.