Travers Smith, Slaughter and May and Hogan Lovells have all advised as Tata Steel today signed a long-awaited agreement to separate its business from the £15bn British Steel Pension Scheme (BSPS), in what is the largest pensions scheme restructuring ever in the UK.
Mayer Brown, Berwin Leighton Paisner (BLP) and CMS Cameron McKenna Nabarro Olswang all advised on the £1.3bn purchase by Hong Kong investors LKK Health Products of London landmark skyscraper, 20 Fenchurch Street, or the ‘Walkie Talkie’.
Addleshaw Goddard and Ashurst are acting as gaming and betting company GVC Holdings launches a proposed £3.9bn takeover of rival Ladbrokes Coral.
The proposed deal, announced 7 December, would create a global online gambling group that the boards of the two companies claim would have strong growth prospects and an enhanced position in some of the world’s largest regulated online gaming markets, including the UK, Italy and Australia.
UK-based deal specialists were busy this week advising on cross-border transactions spanning three continents.
White & Case and Linklaters have deployed their global teams to act on a $2.73bn refinancing for an infrastructure project across two countries in sub-Saharan Africa.
As January draws to a close the deal market continues its robust run, with Simpson Thacher & Bartlett leading the advisers on Blackstone’s headline-grabbing Thomson Reuters carve-out while City leaders deploy for Informa’s £3.9bn takeover of UBM.
DLA Piper and Addleshaw Goddard have won roles advising on the sale of part of recently-collapsed Carillion’s business while Watson Farley & Williams (WFW), Allen & Overy (A&O), Weil, Gotshal & Manges, Paul Hastings and Kirkland & Ellis all picked up major deals this week.
Insolvency professionals have long been predicting a wave of trouble would hit the beleaguered UK high street and it has come to pass with Kirkland & Ellis and Eversheds Sutherland securing lead roles on the collapses this week of Toys R US and Maplin.
Linklaters, Slaughter and May and Gibson Dunn & Crutcher have won key roles as Sainsbury’s agreed to merge with Asda in a landmark £3bn deal which will create Britain’s biggest supermarket chain.
Morrison & Foerster and Wachtell, Lipton, Rosen & Katz have taken the lead on T-Mobile’s takeover of fellow US telecoms operator Sprint, billed as an attempt to make the US a hotbed for innovation.
Slaughter and May, Linklaters; Davis Polk and Ashurst are among the firms to have won major mandates on Japanese pharmaceutical giant Takeda’s £46bn takeover of Irish drug-maker Shire, while CMS and Pinsent Masons led on the sale of the UK’s £2bn Neart na Gaoithe offshore wind farm.
Tweets by @TheLex100