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  • October 3, 2013 |

    Hogan Lovells, Reed Smith lead Islamic ship financing

    Hogan Lovells and Reed Smith have acted on Barwa Bank's $125m (£78m) Islamic facility made available to UAE-based shipping company Topaz Energy and Marine. The facility will finance 12 of Topaz's ships operating in the Persian Gulf and the Caspian Sea. It has two separate structures: a $110m (£68.2m) scheme for 10 existing vessels; and a $15m (£9.3m) deal for the purchase of two vessels under construction.

    1 minute read

  • October 2, 2013 |

    US pair appoint new senior management

    Bingham McCutchen has appointed Boston-based corporate practice co-head Steve Browne as the firm's first managing partner. Charged with supervising the day-to-day operations of the firm, Browne will work closely with long-serving Bingham chairman Jay Zimmerman, who will take on the title of chief executive officer.

    1 minute read

  • September 30, 2013 |

    Burges Salmon advises as Europe's largest tidal power generation project gets go-ahead

    Burges Salmon has helped secure consent for the largest tidal power generation project to have gained approval in Europe. The firm has advised MyGen - a joint venture between investment bank Morgan Stanley (45%), GDF SUEZ (45%) and tidal technology provider Atlantis Resources Corporation (10%) - on the 86MW Phase 1 Pentland Firth tidal generation development, which was given approval earlier this month.

    1 minute read

  • September 24, 2013 |

    Cleary and Skadden among group of six on take private of Yongye

    Cleary Gottlieb Steen & Hamilton and Skadden Arps Slate Meagher & Flom have taken lead roles on the $340m take private of Nasdaq-listed Chinese crop and animal nutrients manufacturer, Yongye International. The Beijing-based company said in October last year it had received an offer from a group of buyers, including chairman and CEO Zishen Wu, majority shareholder Full Alliance International, MSPEA Agriculture Holding and Abax Global Capital, for $6.60 per share they didn't already own.

    1 minute read

  • September 18, 2013 |

    Shearman becomes best friends with Italian tax outfit Tremonti

    Shearman & Sterling has launched a non-exclusive best-friends agreement with leading Italian tax firm Tremonti Vitali Romagnoli Piccardi. The two firms expect the arrangement to "enhance the breadth and geographic reach of their services" by offering an integrated tax and corporate service to both international and Italian clients.

    1 minute read

  • September 17, 2013 |

    CC, Freshfields and Sullivan & Cromwell lead on Barclays £5.8bn rights issue

    Clifford Chance (CC), Sullivan & Cromwell and Freshfields Bruckhaus Deringer have taken lead roles on Barclays' £5.8bn rights issue. The capital raising, which was originally flagged by Barclays in July, will help the bank meet regulatory demands to increase levels of equity held as a proportion of total assets.

    1 minute read

  • September 17, 2013 |

    Slaughters and Freshfields lead on landmark Lloyds disposal

    Magic circle duo Slaughter and May and Freshfields Bruckhaus Deringer have taken advisory roles on the government's disposal of a 6% stake in Lloyds Banking Group, raising £61m for the Treasury. UK Financial Investments (UKFI), the company set up to manage the Treasury's shareholding in Lloyds, yesterday (16 September) announced its intention to sell a stake worth around £3.3bn by way of a share placement.

    1 minute read

  • September 12, 2013 |

    Boardroom battlefield – winning the right to re-elect directors in company boards

    Corporate governance practices continue to evolve in the US, with increased focus on board and director-related practices. In today's challenging environment – marked by public distrust of corporate management and board 'insiders' and increased shareholder activism – the US corporate governance environment is a battleground. Over the past decade, traditional proxy advisory groups – such as Glass Lewis and International Shareholder Services (ISS) – and several corporate reform groups have gained significant influence over many corporate issuers and institutional investors with respect to corporate governance practices.

    1 minute read

  • September 12, 2013 |

    West Coast tech duo online for LinkedIn's $1.2bn bond offering

    Wilson Sonsini Goodrich & Rosati and Cooley have taken the lead roles on LinkedIn's $1.15bn (£738m) secondary public offering of common stock. The social networking site, which has more than 238 million users worldwide, has listed $1bn (£642m) of registered Class A common stock, with the underwriters to the deal given the option to purchase an additional $150m (£96m). LinkedIn said the offering would help it strengthen its balance sheet, and plans to use the proceeds for general corporate purposes, including strategic acquisitions of other businesses.

    1 minute read

  • September 12, 2013 |

    Davis Polk and Simpson Thacher check in for $1.25bn Hilton IPO

    Davis Polk & Wardwell and Simpson Thacher & Bartlett have advised on hotel operator Hilton Worldwide's plans for an initial public offering (IPO). The hospitality company, which is owned by private equity firm Blackstone Group, is hoping to raise up to $1.25bn (£790m) through the listing, the proceeds of which will be used to pay down debt and for general corporate purposes.

    1 minute read