DLA Piper’s restructuring team has acted for Edinburgh businesswoman Ann Budge on her takeover of Hearts of Midlothian. The deal, which will save the club from administration, saw the team led by partners Graeme Henry and Richard Obank advise Bidco, the special purpose vehicle set up for the acquisition. Morisons (Scotland) acted for the administrators, […]
DLA Piper has announced that Kristin Franceschi, a Baltimore partner in the corporate, securities and public finance practices, has been named as one of ‘Maryland’s Top 100 Women’ by The Daily Record. Franceschi’s practice focuses on representing issuers, underwriters, credit enhancers, portfolio managers and sponsors in connection with public and private offerings of municipal and […]
Ashurst has broken its two-year pay freeze for London-based trainees and newly-qualified lawyers, upping its junior pay bands by up to 3.3 per cent. First-year trainees have been gifted a 2.6 per cent pay rise from £38,000 to £39,000, while second-year trainees saw their salaries bumped up 2.3 per cent from £43,000 to £44,000. Newly-qualified […]
A team from Gateley has advised on a private-equity-backed buy-in/buy-out that saw Foresight Nottingham Fund, an investor in high-growth businesses within Nottinghamshire, make a £1.5m investment into Crowle Wharfe Engineers (CWE). CWE is a provider of safety-critical end-to-end engineering solutions for the rail, energy and steel industries. The investment provides development capital to drive growth […]
After months of research, chasing firms for figures and crunching numbers, The Lawyer European 100 2014 was published this week. With the Eurozone finally nudging out of recession, the results show that a measure of confidence has returned to some European markets. After a difficult 2012, for instance, French firms by and large had extremely […]
Karanovic & Nikolic has advised Mid Europa Partners, a European private equity firm, on the sale of SBB/Telemach Group to KKR, a global investment firm. Mid Europa Partners acquired SBB, a Serbian pay TV provider, in 2007 in a transaction that Karanovic & Nikolic also advised on. Karanovic & Nikolic’s legal team was headed by […]
Conyers Dill & Pearman has provided Bermuda legal advice to The Carlyle Group on its acquisition of the Industrial Packaging Group from Illinois Tool Works, renamed Signode Industrial Group, for $3.2bn (£2bn). Signode Industrial Group is a global manufacturer of strap, stretch and protective packaging consumables, tools and equipment. The Carlyle Group is a global […]
Shoosmiths’ Birmingham office has advised global real-estate services firm CBRE on its move to 55 Temple Row in the city. One hundred CBRE staff will move from the real-estate firm’s current Cornwall Court offices on Edmund Street to the new base opposite Birmingham Cathedral later this summer.
Allen & Overy has acted for the lenders consortium in a project to develop a 600MW offshore wind farm, which, with a total value of €2.8bn (£2.2bn), is said to be the largest ever European offshore wind financing. The renewable energy generated through Project Gemini will be enough to meet the needs of 785,000 households […]
Addleshaw Goddard has confirmed that head of business support and restructuring John Joyce has been elected managing partner for a term of three years from today (16 May). Joyce ran against former head of real estate Adrian Collins in the election, which kicked off early after incumbent Paul Devitt stood down from the post a […]
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region. Australia Ashurst has strengthened its finance practice in Australia with the hire of new partner Jennifer Schlosser, who will join from King & Wood Mallesons’ Sydney office on 1 July. Schlosser has expertise in the securitisation and structured […]
DLA Piper is investigating the email exchanges of media sport lawyer Nick West and Premier League boss Richard Scudamore after the Sunday Mirror revealed them to contain sexist remarks this week. The emails, which were leaked to the tabloid newspaper by Scudamore’s former personal assistant, are believed to have been exchanged over a period of […]