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  • September 8, 2010 |

    Ashurst takes lead advisory role for buyout giant Candover on wind down

    Ashurst has taken a lead role on the wind down of listed buyout group Candover, which announced plans to return cash to investors last week (31 August), having failed to conclude a deal to sell its assets to Alberta Investment Management six weeks ago. Candover Investments said in the announcement of its first half results last week that it was set to conduct a sale of its portfolio in order to distribute value to investors.

    1 minute read

  • September 8, 2010 |

    Takeover surge prompts busy summer for deal finance teams

    Europe's leading deal finance teams are forecasting a revival in activity after advisers benefited from a recent flurry of debt-financed takeovers. Firms to have secured large acquisition finance mandates in recent weeks include Allen & Overy (A&O), Linklaters, Latham & Watkins and Clifford Chance (CC).

    1 minute read

  • September 1, 2010 |

    Partners anxious about career prospects

    The majority of senior lawyers are anxious about their future career prospects, with many doubting the value of their business contacts outside of the support structure of their law firm, according to Legal Week's latest Big Question survey. In a legal landscape where regular lateral moves throughout a partner's career are now commonplace, many feel uncertain about their future career path. Seventy-four percent of respondents expressed some level of anxiety about their professional future - including 30% who said they were 'quite' or 'very' anxious - while only 26% felt completely confident.

    1 minute read

  • September 1, 2010 |

    CC and Ashurst act on €1.4bn acquisition of RBS loan portfolio

    Clifford Chance (CC) and Ashurst have won lead roles on Intermediate Capital Group's (ICG) €1.4bn (£902m) acquisition of a large leveraged loan portfolio from the Royal Bank of Scotland (RBS). Ashurst advised private equity debt manager ICG on the deal, which is thought to be the first-ever acquisition of a leveraged loan portfolio from a bank without vendor financing.

    1 minute read

  • September 1, 2010 |

    A&O and Linklaters lead on Korean oil company's £1.87bn bid for Dana

    Allen & Overy (A&O) and Linklaters have won lead roles on the hostile bid for Dana Petroleum by Korea National Oil Corporation (KNOC). The South Korean state-owned oil and gas company made a £1.87bn bid for the Aberdeen-based energy company last month (20 August), but Dana is fighting the takeover and has until 8 September to set out its defence.

    1 minute read

  • August 31, 2010 |

    Nabarro partner moves to Boodle Hatfield

    Boodle Hatfield has strengthened its corporate practice with the hire of Nabarro partner Richard Beavan. Beavan, who will join the West End firm tomorrow (1 September), focuses on fundraisings, takeovers, acquisitions and disposals, venture capital, restructuring and corporate governance.

    1 minute read

  • August 26, 2010 |

    Norton Rose, Ashurst and Hogan Lovells score lead roles on billion-dollar PPP

    Norton Rose and Ashurst have won lead roles on the largest-ever sports facilities public private partnership (PPP) - the S$1.4bn (£664m) development of a major sports complex in Singapore. Singapore Sports Hub Consortium, which was appointed by the Singapore Government as the preferred bidder in 2008, has instructed Norton Rose as primary legal adviser.

    1 minute read

  • August 19, 2010 |

    India Govt to discuss new call for tough restrictions on foreign firms

    The case against the presence of foreign law firms in India is set to be discussed this weekend at a meeting between India's Government, Bar Council and Ministry of Law. The meeting, scheduled for this Saturday (21 August), comes after a new petition was brought against foreign firms earlier this month in an attempt to further clamp down on foreign lawyers' activities in the region.

    1 minute read

  • August 9, 2010 |

    Ashurst recruits Nabarro financial services regulation chief in the City

    Ashurst has secured a boost for its City regulatory practice with the hire of Nabarro financial services regulation head Rob Moulton. He will join the top 10 UK firm on 1 November as a partner in the financial regulatory group, which is headed by City partner James Perry.

    1 minute read

  • August 9, 2010 |

    Four firms check in for Permira's buyout of online travel company

    Linklaters, Allen & Overy (A&O), Ashurst and Garrigues have all advised on the €250m (£208m) buyout of Spanish online travel agency eDreams by UK private equity firm Permira. Permira has bought the travel agency from US private equity firm TA Associates which obtained the company in 2006 for €153m (£127m). Linklaters advised Permira with a team led by private equity partner Alejandro Ortiz alongside tax partner Javier Garcia-Pita, finance partner Ben Crosse and antitrust partner Jaime Perez-Bustamante.

    1 minute read