• March 8, 2007 |

    Olswang partners in line for windfall with LongAcre sale

    Olswang partners are in line for a significant pay-out as the top 50 firm prepares to sell its stake in its corporate finance advisory arm LongAcre Partners. The firm, which launched the company in 2000, could now pocket a seven-figure sum through securing a management buy-out during a surging media market, although Olswang refused to comment on the figures involved.

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  • March 7, 2007 |

    A&O advises JP Morgan in Lovells action

    Allen & Overy has bagged the lead role advising JP Morgan in its High Court battle against Lovells. Investment bank JP Morgan is suing the City firm in relation to advice it gave Finnish insurer Sampo on its £143m acquisition of Norwich Union's Polish life and pensions businesses in 2000. The bank is singling out the actions of Lovells' Warsaw office and the German operation of consultancy Towers Perrin. The case is expected to be held in the commercial court next year.

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  • March 7, 2007 |

    Norton Rose develops US securities team with Latham & Watkins hire

    Norton Rose has boosted its US securities practice with the appointment of Latham & Watkins London senior associate Mike Dunn as a partner. Dunn, who trained in the US and specialises in high-yield and investment-grade debt and equity securities offerings, joined Latham in 2001.

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  • March 7, 2007 |

    Deals: Capital Markets 08/03/2007

    Osborne Clarke (OC) has advised Canadian telecoms software company Redknee Solutions on its £68m admission to the Alternative Investment Market. Corporate…

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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

  • March 2, 2007 |

    Morgan Lewis grows Tokyo with Paul Weiss hire

    Morgan Lewis & Bockius has beefed up its Tokyo corporate team with the hire of a partner from Paul Weiss Rifkind Wharton & Garrison, it was announced today (2 March). Lisa Yano joins Morgan Lewis as Tokyo co-managing partner and co-head of the firm's local joint venture, Morgan Lewis-TMI. Yano, who specialises in M&A and private equity transactions, becomes the fifth partner in the firm's eight-lawyer Tokyo arm, which was launched in 1998 and focuses primarily on corporate and intellectual property work.

    1 minute read

  • February 28, 2007 |

    Top LBO trio tighten grip but primary market slows

    With the acquisition finance market slowing after a hectic 2006, leading finance partners are more eager than ever to position themselves with the select band of sponsors and arranging banks still getting deals to market. Recent months have seen established teams such as Clifford Chance (CC), Allen & Overy (A&O) and Ashurst tighten their grip on the market with the trio signing a string of a multibillion-pound deals (see table below), despite the recent struggle of sponsors to secure acquisitions in Europe.

    1 minute read

  • February 28, 2007 |

    Lovells calls in BLG to prepare case for the defence in JP Morgan court contest

    Lovells has instructed Barlow Lyde & Gilbert to defend it in a High Court battle against JP Morgan. The top 10 City firm is being sued by the investment bank in relation to advice it gave Finnish insurer Sampo on its £143m acquisition of Norwich Union's Polish life and pensions businesses in 2000.

    1 minute read

  • February 28, 2007 |

    Chadbourne boosts LA with Morgan Lewis duo

    US firm Chadbourne & Parke has bolstered its renewable energy practice with the hire of Morgan Lewis & Bockius partners Edward Zaelke and Adam Umanoff. Both have joined the firm's Los Angeles office and specialise in wind power and other alternative energy sources. Zaelke was the head of Morgan Lewis' renewable energy practice group and is the current president of the American Wind Energy Association.

    1 minute read