Magic Circle firms Clifford Chance (CC) and Freshfields Bruckhaus Deringer have taken the lead on the latest big corporate transaction to come out of Germany, the sale of speciality chemicals and manufacturing company CABB International to private equity firm Permira Advisers, providing an exit for Bridgepoint Capital, with the asset reported in the financial press to be valued in excess of $1bn.
The Law Society has today (24 April) announced that TLT Solicitors senior partner Robert Bourns has been elected as the body's deputy vice president, with the expectation that he will become president in 2016.
In the same week as Kirkland & Ellis announced it is opening in Houston, top 10 LB100 firm Norton Rose Fulbright (NRF) has confirmed it is withdrawing from the Prague market, closing its local office due to 'difficult market' conditions with effect from 1 May.
Ashurst has announced its first partner promotions since its merger with Blake Dawson went live in October last year, with 15 lawyers joining its partnership ranks, up from a pre-merger figure of twelve.
Weil, Gotshal & Manges London, German and New York banking teams have advised the lenders on Goldman Sachs and Koch Industries' acquisition of Flint Group from CVC Capital Partners for a purchase price reported to be more than Flint's 2013 revenue of €2.2bn, as a transatlantic Allen & Overy (A&O) team assisted Primark on its launch into the US.
Norton Rose Fulbright has announced its first global partner promotions since the merger of Norton Rose and leading Houston energy firm Fulbright & Jaworski took effect in June 2013. A total of 46 partners are being made up, including eight promotions to the South African equivalent role of director.