Barclays sale: Magic circle firm Clifford Chance, alongside US firm Sullivan & Cromwell, advised Barclays (pictured) on the $13.5bn (£8.2bn) sale of its global investment arm. The buyer, US investment manager BlackRock, was advised by magic circle firm Linklaters and US firm Skadden.
Sukuk first: City firm Lovells advised Calyon, Deutsche Bank and HSBC on CBB International Sukuk Company’s issuance of a $750m (£456m) sukuk on the London Stock Exchange on behalf of the government of Bahrain. It is believed to be the first sukuk issuance in Europe this year.
On track: City firm Herbert Smith and Amsterdam firm Stibbe advised satellite navigation business TomTom on a €430m (£262m) share offering. Herbert Smith also renegotiated some of TomTom’s debt facilities with its lenders, which were advised by Clifford Chance.
China property: The London and Hong Kong offices of US firm Mayer Brown advised investment company Shui On Construction and Materials on its £250m takeover of China Central Properties, an AIM-listed property investment company. China Central Properties was advised by US firm Bingham McCutchen.
Satellite loan: City firm Watson, Farley & Williams, alongside US firm Taft Stettinius & Hollister, advised satellite communications company Globalstar on creating a $586.3m (£357m) loan facility, provided by a syndicate of lenders including BNP Paribas and Société Générale. The lenders were advised by US firm White & Case.