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  • April 9, 2008 |

    NY trio lead $7bn Washington Mutual fundraising

    A trio of leading New York firms have gained advisory roles on a $7bn (£3.51bn) capital-raising for US lender Washington Mutual. The bank announced yesterday (8 April) that it has secured additional capital totaling $7bn through the sale of equity securities to investors including buy-out house TPG Capital.

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  • April 3, 2008 |

    Shearman and Cleary gear up for mammoth Yukos dispute

    Shearman & Sterling and Cleary Gottlieb Steen & Hamilton have taken leading roles in what could become the largest-ever international arbitration case - a claim against the Russian Federation that could amount to as much as $100bn (£50bn). The claim, which is due to go before the Permanent Court of Arbitration tribunal in The Hague in November this year, relates to the bankrupt Yukos Oil Company and sees Shearman advising Yukos's majority shareholders, GML (formerly Group Menatep), with Cleary taking a role advising the Russian Federation.

    1 minute read

  • March 30, 2008 |

    French connection still delivers for Americans in Paris

    If Daniel Hurstel’s schedule on Thursday 27 March was anything to go by, the Paris legal market is in decent health. The head of Willkie Farr &…

    1 minute read

  • March 20, 2008 |

    CC and Cleary win top roles on mining mega-deal as Vale approaches Xstrata

    Clifford Chance (CC) and Cleary Gottlieb Steen & Hamilton have won key advisory roles on one of the world's biggest potential takeovers - Brazilian mining company Vale's approach to Swiss rival Xstrata for an estimated $90bn (£44.9bn). If the deal goes ahead it would see Vale threatening BHP Billiton's position as the world's largest mining company. CC has won the lead role for Vale, with the magic circle firm fielding a team led by Sao Paulo-based relationship partner Anthony Oldfield and London-based corporate partner David Pudge.

    1 minute read

  • March 12, 2008 | International Edition

    Commentary: Pressure is on for Kirkland as McKeeve heads for the exit

    For many in the private equity community it was only a matter of time, but last week's announcement that one of its most-trumpeted signings, Raymond McKeeve, had resigned leaves Kirkland & Ellis facing awkward questions about its UK strategy. Rumours, which partners had conceded internally were not baseless, had been circulating for months that all was not well with the firm's private equity team. Even ignoring claims that McKeeve's informal style was not playing well within a conservative partnership and judging the team purely on performance, the situation did not look good, with many questioning whether McKeeve and his ex-Linklaters colleague Graham White had delivered

    1 minute read

  • March 12, 2008 |

    Commentary: Pressure is on for Kirkland as McKeeve heads for the exit

    For many in the private equity community it was only a matter of time, but last week's announcement that one of its most-trumpeted signings, Raymond McKeeve, had resigned leaves Kirkland & Ellis facing awkward questions about its UK strategy. Rumours, which partners had conceded internally were not baseless, had been circulating for months that all was not well with the firm's private equity team. Even ignoring claims that McKeeve's informal style was not playing well within a conservative partnership and judging the team purely on performance, the situation did not look good, with many questioning whether McKeeve and his ex-Linklaters colleague Graham White had delivered

    1 minute read

  • March 5, 2008 |

    Dealmaker: Michael McDonald

    Michael McDonald is one of the leading M&A partners in Cleary Gottlieb's City arm

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  • February 13, 2008 |

    Latham outpaces smaller rivals as US leaders face varying fortunes in 2007

    Some of the US' biggest firms have posted strong results for 2007, with Latham & Watkins announcing record results to break $2bn (£1.03bn) in turnover. The top 10 US firm emerged as a star performer after boosting both turnover and average profits per equity partner (PEP) by more than 20%. Revenues jumped by 23% from $1.62bn (£830m) in 2006 to $2.005bn (£1bn), while PEP rose from $1.86m (£954,000) to around $2.27m (£1.17m).

    1 minute read

  • February 13, 2008 |

    Commentary: Sovereign wealth funds set to reign on international stage

    Ask top buy-out advisers if they have considered tapping into sovereign wealth funds and many will explain that they have been 'monitoring' these bodies for years. But the current indications are that 'monitoring' is swiftly about to become code for 'aggressively targeting' as M&A advisers scramble to get in on the ground floor with clients who look unaffected by the credit squeeze. As such, it is little surprise that private equity leader Clifford Chance (CC) has set up an informal cross-practice covering the area while sector rival Ashurst is considering setting up a similar team.

    1 minute read

  • February 11, 2008 |

    Those BHP mandates – credit crunch? What credit crunch?!

    Oh, for a part in BHP Billiton’s battle for mining rival Rio Tinto Group. While the two Anglo-Australian mining giants keep a long line of legal…

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