• March 22, 2007 |

    3M general counsel to retire in 2007

    Post-it note manufacturer 3M's general counsel Richard Ziegler has announced that he is to retire at the end of the year. Former Cleary Gottlieb Steen & Hamilton partner Ziegler has been at the company since 2003 and will step down from the role at the end of March. He will continue in a counsel role until his successor is found.

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  • March 22, 2007 |

    Gianni and Cleary on line with E3.7bn Swiss telecoms deal

    Leading Italian independent Gianni Origoni Grippo & Partners and US giant Cleary Gottlieb Steen & Hamilton have both won new clients to advise on Swisscom's E3.7bn (£2.5bn) takeover of Italy's second-largest fixed-line operator, Fastweb.Gianni M&A partner Filippo Troisi is leading a 15-lawyer team on the deal, advising alongside New York leader Sullivan & Cromwell on the offer.

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  • March 21, 2007 |

    Roberto Casati and Roberto Bonsignore: A new environment for Italian M&A

    An unusually high level of M&A activity in politically-sensitive, highly-regulated sectors in Italy has revived the debate at national and European level on a number of delicate issues for the country. Italy seems to have responded well to these bids, creating the conditions for a flow of significant deals, both inbound and outbound. While that process is certainly not over yet, domestic consolidation may lay the foundations for further cross-border deal flow in the not-too-distant future. The role of the European Commission (EC) will be key in this process.

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  • March 14, 2007 |

    Deals: M&A 15/03/2007

    DLA Piper has advised McBride, a UK supplier of household and personal care products, on its £39.3m bid to acquire Chemolux from Henkel. Corporate partner Jonathan Watkins led the team at DLA Piper. Luxembourg soaps manufacturer Chemolux was advised by Cleary Gottlieb Steen & Hamilton M&A partner William Groll.

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  • March 7, 2007 | International Edition

    Freshfields leads $1.8bn materials joint venture

    Freshfields Bruckhaus Deringer has taken the lead opposite a raft of US firms to advise on the $1.8bn (£917m) joint venture between building material producers Owens Corning and Saint-Gobain.The magic circle firm advised longstanding client Saint-Gobain, which has combined its glass reinforcements business with that of Owens Corning to create OCV Reinforcements.

    1 minute read

  • March 7, 2007 |

    Freshfields leads $1.8bn materials joint venture

    Freshfields Bruckhaus Deringer has taken the lead opposite a raft of US firms to advise on the $1.8bn (£917m) joint venture between building material producers Owens Corning and Saint-Gobain.The magic circle firm advised longstanding client Saint-Gobain, which has combined its glass reinforcements business with that of Owens Corning to create OCV Reinforcements.

    1 minute read

  • February 28, 2007 |

    Cleary and Wachtell take lead on billion-dollar US bank deal

    New York leaders Cleary Gottlieb Steen & Hamilton and Wachtell Lipton Rosen & Katz have bagged plum roles on Spanish bank BBVA's $9.6bn (£4.9bn) acquisition of Compass Bancshares. Cleary represented long-standing client BBVA, with New York M&A partner Victor Lewkow and Washington DC financial institutions partners Jack Murphy and Derek Bush leading the team.

    1 minute read

  • February 26, 2007 |

    Manhattan elite lines up for record TXU buy-out

    Elite New York firms Simpson Thacher & Bartlett and Sullivan & Cromwell have bagged plum roles on the $45bn (£23bn) leveraged buyout (LBO) of utilities giant TXU - potentially the largest LBO to date. Simpson Thacher is lead adviser to the bidding consortium, comprising private equity giants Kohlberg Kravis Roberts & Co (KKR) and Texas Pacific Group, which is being advised by Cleary Gottlieb Steen & Hamilton.

    1 minute read

  • February 14, 2007 |

    Cleary breaks $2m PEP but posts modest turnover rise

    Cleary Gottlieb Steen & Hamilton has broken the $2m profits per equity partner (PEP) mark as the New York leader becomes the latest US firm to unveil its 2006 figures.

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  • February 12, 2007 | International Edition

    City giants lead on Vodafone's £6bn Indian mobile deal

    Linklaters and Freshfields Bruckhaus Deringer have taken the lead roles in Vodafone's $11.1bn (£5.7bn) acquisition of a controlling stake in Indian mobile network Hutchison Essar. Linklaters advised longstanding client Vodafone, with corporate partners Iain Fenn and Clodagh Hayes leading a deal team that worked closely with Vodafone in-house counsel Helen Lamprell.

    1 minute read