Failing to manage your information properly can have a negative impact on the bottom line. What are you doing about it? What do we Know? The legal profession rightly prides itself on its deep technical expertise and the sound professional judgment it can bring to the variety of business challenges faced by clients. It also […]
Eversheds is advising state-owned China National Nuclear Corporation (CNNC) on its investment in the £16bn Hinkley Point C nuclear power station. The Somerset-based project aims to reduce the UK’s reliance on fossil fuels. The development, which is due for completion in the early 2020s, will comprise two reactors capable of together producing 3,200MW of energy. […]
Eversheds partner Stuart Andrews has commented on news that the new oil and gas regulator created for the UK North Sea will also have powers over onshore activities, including shale gas. He said: ‘There must be far greater opportunity for consistency of decision making under these proposed arrangements. ‘We also need to see improved prospects […]
Conyers Dill & Pearman has provided Bermuda legal advice to Tullett Prebon on its $160m (£93m) acquisition of PVM Oil Associates and its subsidiaries. PVM is an independent broker of oil instruments, focused on energy products. The acquisition will increase the scale of its activities in the energy sector and create an even stronger presence […]
Conyers Dill & Pearman has provided Bermuda legal advice to Xyratex, a provider of data storage technology, in connection with its acquisition by Seagate Technology, a specialist in hard-disk drives and storage solutions, for $374m (£218m). This M&A transaction was effected by way of a merger under Bermuda law. David Cooke and Niel Jones of […]
Conyers Dill & Pearman has provided Bermuda legal advice to EPL Oil & Gas, a Delaware corporation, which was acquired by Energy XXI (Bermuda) by way of a merger under Delaware law, creating the largest publicly traded independent oil and gas producer on the Gulf of Mexico Shelf. Energy XXI acquired EPL’s outstanding shares for […]
Robin Johnson, head of diversified industrials at Eversheds, has commented on the recent conflicting UK manufacturing output figures. He said: ‘There will be inevitable monthly swings in the numbers as orders come in, but the overriding indications are positive about UK manufacturing outperforming the eurozone.’ He added: ‘While these numbers only focus on domestic sales, […]
DLA Piper has represented Rioprevidencia (Rio de Janeiro’s state-owned pension fund) as sponsor, as well as the State of Rio de Janeiro, in a 144A/Reg S $2bn (£1.1bn) securitisation of oil royalties, the first-ever cross-border transaction of its kind in Brazil. The international offering was launched together with a local debenture offering limited to Brazilian […]
DLA Piper has advised Oakley Capital on its acquisition of North Sails Europe, the exclusive licensee and distributor for North Sails’ sailing technology and products in Europe and New Zealand. This acquisition is intended to complement Oakley Capital’s recent acquisition of the US-based North Sails Group, a transaction that DLA Piper also advised on. North […]
DLA Piper has advised GE Betz on its acquisition of the entire issued share capital of Monsal Holdings for an undisclosed sum. Monsal is an advanced anaerobic digestion and integrated biogas-to-energy business. The transaction enables GE Betz, which falls under the GE Power & Water arm, to provide customers with more energy-efficient options for water […]
Who needs a PR team when you have Facebook? Jolyon Ellwood-Russell, who has been with DLA Piper since 1999 and was promoted to the firm’s Asia-Pacific partnership in 2011, has not only just quit the firm for Simmons & Simmons, he also announced his move on the social media site. Well, why not? It certainly […]
Travers Smith has boosted turnover by 13 per cent from £86.2m to £97.2m in 2013/14, while average profit by full equity partner (PEP) rose by 12 per cent to £882,000 compared with £790,000 a year ago. It is a return to double digit growth for Travers, which saw revenue rise by 18 per cent in 2011/12 from £71m […]