Law firms link for market-thrilling M&A deal
The deal being talked about by the world’s equity markets on Monday was the U$34.1 billion bid by Japan’s SoftBank Group Corp for UK-based chipmaker ARM Holdings plc.
The law firms advising on the deal include Freshfields Bruckhaus Deringer and Morrison Foerster on the SoftBank team; and Davis Polk & Wardwell and Slaughter and May for ARM.
The deal is the largest outbound acquisition from Japan and the largest ever cash investment from Asia into the UK according to the country’s new chancellor of the exchequer.
MoFo is lead counsel for SoftBank and its team is led by Tokyo managing partner Ken Siegel, alongside head of corporate Graeme Sloan who is London-based.
The team also includes Tokyo partners Ivan Smallwood, Noah Carr, Leo Aguilar and James Robinson (all corporate) and finance partner Dale Caldwell.
There are also MoFo partners from Washington DC, Brussels and Berlin working on the deal.
Global project finance law firm revealed
Investment service IJ Global has named the H1,2016 leading law firm for project finance globally and in Asia Pacific.
The title goes to Norton Rose Fulbright which was number one globally in the first half of 2016 in terms of volume of completed deals (28) and value (U$27.5 billion). NRF also topped the Asia Pacific rankings by deal value.
KWM head joins City firm
The head of King & Wood Malleson’s finance practice in Europe and the Middle East has joined international firm Cadwalader in the City of London.
Jeremy Cross has a globally recognized and market-leading practice in funds finance, acting for lenders, borrowers and fund sponsors; along with real estate finance and other areas of loan finance.