MAGIC CIRCLE ADVISE ON VODAFONE’S INDIA MERGER
Slaughter and May, Allen & Overy (A&O) and local advisers S&R Associates, Vaish Associates Advocates and Bharucha & Partners all gained mandates as Vodafone struck a deal to acquire Indian rival Idea Cellular. The merger will create India’s largest communications business by revenue, valued at more than $23bn. Slaughters and S&R represented Vodafone and Vodafone India, while A&O, Vaish and Bharucha advised Idea.
US FIRMS DRIVE ASTON MARTIN HIGH-YIELD BOND ISSUE
Simpson Thacher & Bartlett and Latham & Watkins have both taken lead roles on the new £530m-equivalent high-yield bond that Aston Martin issued last month. Simpson advised Aston Martin, while Latham represented underwriters JPMorgan Chase, Deutsche Bank, Goldman Sachs, Bank of America, HSBC, Morgan Stanley, Standard Chartered Bank and UniCredit.
EVERSHEDS WINS ROLE ON JAEGER ADMINISTRATION
Eversheds Sutherland picked up the key mandate on the administration of Jaeger, after the British retailer failed to find a suitable buyer for the business earlier this month. Eversheds acted for administrator AlixPartners as Jaeger owner, private equity company Better Capital, explored a sale five years after buying the 133-year-old business for £19.5m.