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PARTNER MOVES - Former Credit Suisse Executive Joins Morgan Lewis’s Market-Leading Tax Practice

29 Nov 2018

Morgan Lewis has further fortified its top-tier tax practice by adding Sarah Nelson, a former Credit Suisse Securities (USA) LLC director, as a securitization tax partner with a particular focus on the tax aspects of structured finance transactions. Ms. Nelson, who will be resident in New York, previously led legal in-house coverage of commercial real estate finance and commercial mortgage-backed securities at Credit Suisse and formerly worked at other global law firms.

PARTNER MOVES - Shoosmiths accelerates growth with senior appointment

29 Nov 2018

National law firm Shoosmiths has appointed Gemma Napper, head of legal UK & Sweden at Opel Vauxhall Finance, to partner in its national financial services team.

This strategic appointment will bolster Shoosmiths’ market-leading financial services capability, further building on the firm’s national growth ambition in this area.

Reed Smith advises PNC Riverarch Capital on the purchase of Pirtek Europe

29 Nov 2018

LONDON - Reed Smith has advised PNC Riverarch Capital, a US-based private equity firm, on the purchase of Pirtek Europe from The Halifax Group and other minority sellers.

Pirtek Europe, a UK-based on-site provider of hydraulic hose replacement and associated services, was founded in 1988. It comprises 185 service centres and 750 mobile units across the UK, Ireland, Germany, Austria, Belgium, the Netherlands and Sweden.

The Halifax Group, a Washington-based private equity firm, acquired a majority stake in Pirtek Europe in February 2015.

Sidley Advises HNA Aviation & Tourism Group on the Sale of Radisson to Jin Jiang-led International Consortium

29 Nov 2018

Sidley is representing HNA Aviation & Tourism Group in its sale of 50.21 percent of shares in Radisson Hospitality AB (publ), a public company listed on Nasdaq Stockholm (Radisson AB), and all shares in Radisson Hospitality Inc. to the consortium led by Jin Jiang International Holdings Co., Ltd. HNA Aviation & Tourism Group is an industry-leading global provider of travel and lifestyle services with core businesses including transportation, hospitality, travel and catering. Jin Jiang International Holdings Co., Ltd.

Simpson Thacher Represents Barclays in Bridge Financing for Boston Scientific’s Approximately $4.2 Billion Acquisition of BTG

29 Nov 2018

The Firm is representing Barclays Bank PLC in connection with the bridge financing for Boston Scientific Corporation to finance its announced acquisition of BTG plc.

Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties. Boston Scientific Corporation’s products and technologies are used to diagnose or treat a wide range of medical conditions, including cardiovascular, digestive, respiratory, urological, pelvic health and neurological conditions.

Beyond Bias: Unleashing the Potential of Women in Law

The lack of women in power positions represents a poor return on investment for law firms, and could be costing them far more than they think in both economic and cultural terms. Quite aside from the widely accepted understanding that more diverse teams perform better, research shows that it actually costs more and takes longer to replace female partners than their male colleagues.  Moreover, the scarcity of women mentors could be having a long-lasting effect on up-and-coming female associates.

Ashurst advises NetScientific plc on strategic review, including formal sale process

29 Nov 2018

International law firm Ashurst is advising NetScientific plc ("NetScientific") on its strategic review announced Monday pursuant to which the board of NetScientific has decided to conduct a review of the various strategic options open to it, one of which is a sale of NetScientific.  Accordingly, the strategic review includes a formal sale process to be conducted under the regime set out in the UK Takeover Code.

MinterEllison acts for QANTM on its 'merger of equals' with Xenith IP

29 Nov 2018

MinterEllison has acted for QANTM Intellectual Property Limited (ASX:QIP, QANTM) on its 'merger of equals' with Xenith IP Group Limited (ASX:XIP, Xenith) by scheme of arrangement.

QANTM shareholders will own 55% and Xenith shareholders 45% of the merged entity, with the merged entity having an enterprise value of approximately $300 million.

Clifford Chance advises Tele2 on the Phase II unconditional clearance granted by the European Commission for the merger of Tele2 Netherlands with T-Mobile Netherlands

29 Nov 2018

Leading international law firm Clifford Chance successfully represented Tele2 in obtaining unconditional approval for the merger of Tele2 Netherlands with T-Mobile Netherlands, following a complex Phase II investigation. The transaction was announced on 15 December 2017 and brings together the third and fourth largest mobile network operators in the Netherlands, with a combined market share of around 25%.