Big Deal: Links, DLA, Camerons, Ashurst, Osborne Clarke and Jones Day
Something’s got to keep the tanks full on those gin palaces this summer… Linklaters has acted for Riva Gaming on a restructuring deal with lenders to write off £100m of its debt. The company agreed a debt-for-equity swap with banks and slod off part of the business to Âformer chief executive Simon Hannah who used Eversheds. CMS Cameron McKenna advised senior lenders, Royal Bank of Scotland, Bank of Ireland and Allied Irish. Travers Smith acted for Riva’s owner Hermes Private …
Something’s got to keep the tanks full on those gin palaces this summer…
Linklaters has acted for Riva Gaming on a restructuring deal with lenders to write off £100m of its debt. The company agreed a debt-for-equity swap with banks and slod off part of the business to Âformer chief executive Simon Hannah who used Eversheds. CMS Cameron McKenna advised senior lenders, Royal Bank of Scotland, Bank of Ireland and Allied Irish. Travers Smith acted for Riva’s owner Hermes Private Equity. DLA Piper finance partner Tamsyn Mileham acted for mezzanine lender Babson Capital.
Auction house Christie’s has appointed Skadden Arps Slate Meagher & Flom and DLA Piper to its panel of legal advisers.
Ashurst and Linklaters have advised on the £207m rights issue for pub operator and brewer Greene King to raise money for the purchase of more properties. Ashurst advised Deutsche Bank as joint sponsor and sole bookrunner and Lazard & Co as joint sponsor.
Osborne Clarke has advised Babcock Marine on two major defence contracts – one is a £150m maintenance contract with the Royal Navy submarine fleet.
Finally, in another credit crunching bankruptcy bonanza, Jones Day has billed Chrysler more than $18.5m (£12.3m) during the past five months, according to the Am Law Daily . Chrysler paid Jones Day $1m (£660,000) to establish a retainer late last year, and according to the US firm’s application to be Chrysler’s lead counsel, around $5.8m (£3.8m) remains in the retainer, meaning the firm has drawn down more than $13m (£8.6m) so far.
Happy sailing.
May 7, 2009
good to see the wheels of capitalism still turning
May 7, 2009
I’m more busy now than ever. After they got shot of people here the remainder just ended up with more to do.
May 7, 2009
Even if I work on a hundred deals, I will be so old and knackerd by the time I can afford a gin palace I’ll probably just opt for a retirements supply of the stuff instead.