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  • August 8, 2007 |

    Macfarlanes marks 3i card with healthcare sale

    Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006.

    1 minute read

  • August 1, 2007 |

    US duo lead on $1bn Egypt bond issue

    LeBoeuf Lamb Greene & MacRae and Skadden Arps Slate Meagher & Flom have advised on the first Egyptian-denominated Eurobond offering, worth around $1bn (£486m).

    1 minute read

  • August 1, 2007 |

    Legal Week Lunchbox: 1/8/2007

    The five most popular articles on legalweek.com today; plus the pick of readers' comments; and an early taster of tomorrow's Deal Week

    1 minute read

  • July 25, 2007 |

    Skadden and Shearman secure UK mandates on Sainsbury's Qatari bid

    US firms Skadden Arps Slate Meagher & Flom and Shearman & Sterling have secured major UK mandates on the £12bn bid for Sainsbury's by a Qatari investment group.

    1 minute read

  • July 25, 2007 |

    Legal Week Lunchbox: 25/7/2007

    The five most popular articles on legalweek.com today; plus the pick of readers' comments; and how to nail that perfect merger

    1 minute read

  • July 24, 2007 |

    Skadden, Baker Botts bag $50bn oil mega-merger

    US duo Skadden Arps Slate Meagher & Flom and Baker Botts have bagged plum roles on the $53bn (£25.8bn) merger of oil giants GlobalSantaFe and Transocean, it was announced yesterday (23 July). Transocean turned to Texas' Baker Botts, while Skadden is advising GlobalSantaFe, fielding teams out of its Houston, Los Angeles and Washington DC offices, as well as its New York hub. Corporate partner Peter Atkins, who is based in New York, is spearheading the team for the Manhattan law firm.

    1 minute read

  • July 24, 2007 |

    Legal Week Lunchbox: 24/7/2007

    The five most popular articles on legalweek.com today; plus the pick of readers' comments; and an early heads-up for the year's most prestigious legal awards

    1 minute read

  • July 19, 2007 |

    Big four secure world-beater status as top 50 breaks £10bn

    London's big four have secured their place among the emerging global elite after what will be seen as a breakthrough year for the UK's leading law firms.

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  • July 18, 2007 |

    CVC calls SJ Berwin for £764m quick-fire Samsonite buy-out

    SJ Berwin's Italian arm has helped secure the firm a trophy corporate role after being instructed by CVC Capital Partners on its £764m acquisition of US luggage manufacturer Samsonite.

    1 minute read

  • July 18, 2007 |

    Skadden, Bingham win big on Refco bankruptcy

    Skadden Arps Slate Meagher & Flom and Bingham McCutchen have emerged among the big winners on the Refco bankruptcy, with Skadden alone trousering around $45m (£22m) in fees. Skadden was the main adviser to the struggling futures broker on its bankruptcy, which was filed in October 2005, while Bingham is advising the court-appointed administrator, Marc Kirschner, on what looks set to be a lengthy clean-up process.

    1 minute read