FORSTERS AND SLAUGHTERS LEAD ON TATA STEEL SELL OFF
Forsters and Slaughter and May acted on Greybull Capital’s rescue deal to buy Tata Steel’s European long products business, which includes the Scunthorpe steel works employing 3,500 people. Slaughters advised Tata, while Forsters acted for family office Greybull.
MAGIC CIRCLE WIN BIG ON MONEY TRANSFER DEAL
Allen & Overy (A&O) and Linklaters won roles advising UAE Exchange and Travelex Holdings on a $965m loan financing backed by nine banks, including Goldman Sachs and Barclays Bank. A&O represented the banks, while Linklaters advised UAE Exchange and Travelex.
DAVIS POLK ADVISES ON MARKIT DATA DEAL
Longstanding adviser Davis Polk & Wardwell acted for Markit Group as the London-based data provider sealed a $13bn merger with US company IHS. Weil, Gotshal & Manges is advising Colorado-based IHS on the combination, which values Markit at $5.9bn, and is another example of a US deal that will take advantage of overseas tax bases.