• April 25, 2007 |

    Simpson and Dechert lead on latest Blackstone deal

    US firms Simpson Thacher & Bartlett and Dechert have landed plum mandates advising on Blackstone's $8bn (£4bn) sale of hotel chain Extended Stay America.

    1 minute read

  • April 25, 2007 |

    Weil Gotshal hires Mayer Brown employment chief

    Weil Gotshal & Manges has beefed up its New York employment team with the hire of a senior partner from US rival Mayer Brown Rowe & Maw. Gary Friedman was previously head of employment at Mayer Brown, where he was based in New York. He joins Weil Gotshal's Manhattan hub as a partner.

    1 minute read

  • April 18, 2007 |

    Commentary: A&O's LBO team finds bank balance strangely hard to find

    Where does Allen & Overy's (A&O's) notoriously bank-led leveraged finance practice stand? After all, the criticism articulated of the firm's sponsor-light practice when Kohlberg Kravis Roberts relationship partner Tony Keal quit for Simpson Thacher & Bartlett was damaging back in 2005. Two years down the line, with the negotiating power of private equity borrowers growing seemingly by the week, the question of how A&O's most influential team has adapted to the market is all the more pertinent.

    1 minute read

  • April 18, 2007 |

    Ashurst, CC lead on record-breaking CityPoint disposal

    Ashurst and Clifford Chance (CC) have bagged lead roles on London's largest-ever office deal - advising on Beacon Capital Partners' acquisition of CityPoint for more than £650m.

    1 minute read

  • April 18, 2007 |

    US Top 50/New York: The bigger picture

    Legal Week's top 50 US results show plenty of firms excelling in 2006. But, finds Paul Hodkinson, there is nervousness behind the numbers

    1 minute read

  • April 16, 2007 |

    Manhattan elite scoop $25bn Sallie Mae buy-out

    Elite New York firms Sullivan & Cromwell, Wachtell Lipton Rosen & Katz and Davis Polk & Wardwell have picked up the lead roles on the US' latest multibillion-dollar buy-out. An investment group headed by JC Flowers & Co has stumped up $25bn (£12.6bn) to acquire Sallie Mae, the largest student loan-provider in the US.

    1 minute read

  • April 4, 2007 |

    Simpson Thacher takes First Data private

    US trio Simpson Thacher & Bartlett, Sidley Austin and Sullivan & Cromwell are advising on the latest mega buy-out in the US, the $29bn (£15m) take private of credit card processing group First Data. Simpson Thacher is advising private equity giant Kohlberg Kravis Roberts & Co (KKR) on its bid, which is expected to be completed by the end of the third quarter. Sidley is acting for the target and Sullivan is advising the company's independent directors.

    1 minute read

  • 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.

    1 minute read

  • 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.

    1 minute read

  • March 28, 2007 |

    Deals: Finance 29/03/2007

    - Osborne Clarke (OC) has advised support services company MITIE on its arrangement of a £150m revolving credit facility with a club of banks including Barclays, Lloyds TSB, Royal Bank of Scotland and co-ordinated by HSBC. Banking partner Omar Al-Nuaimi and associate Lucy Walker led the team at OC. Allen & Overy finance partner Simon Roberts and associate Nayna Ahmed advised the banks.

    1 minute read