• April 3, 2007 |

    US trio bag $29bn First Data buy-out

    US trio Simpson Thacher & Bartlett, Sidley Austin and Sullivan & Cromwell have bagged plum roles on the latest multibillion-dollar buy-out as credit card processing group First Data is taken private for $29bn (£15bn). Simpson Thacher is advising private equity giant Kohlberg Kravis Roberts & Co (KKR) on its bid for the group, which is expected to be completed by the end of the third quarter. New York corporate partners Gary Horowitz, Sean Rodgers and James Cross are leading the Simpson Thacher team.

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  • March 28, 2007 |

    US giants dominate M&A rankings as European market falls from 2006 high

    A raft of US firms have topped the global M&A tables for the first quarter of 2007. New York firms Sullivan & Cromwell and Davis Polk & Wardwell led the field of advisers by total value of transactions over the three-month period, while Latham & Watkins and Jones Day finished top of the volume rankings.

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  • March 26, 2007 |

    Manhattan elite dominate Q1 deal rankings

    Elite New York firms Sullivan & Cromwell and Davis Polk & Wardwell have stormed to the top of preliminary global M&A tables for the first quarter of 2007. Sullivan topped the table, acting on 33 deals worth a combined $162.9bn (£83bn), while Manhattan rival Davis Polk acted on 28 deals worth $149.4bn (£76.2bn), according to figures from Mergermarket.

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  • March 25, 2007 |

    EU offers more than red tape on 50th birthday

    The navel-gazing about the EU that has accompanied its decidedly low-key 50th anniversary celebrations reminds me of the gag in the film Monty Python's…

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  • 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