DEALS OF THE WEEK 07.06.2001
Most stoned deal: Rowe & Maw is acting for GW Pharmaceuticals, one of the first companies to derive medicines from cannabis, on its proposed Alternative Investment Market listing, which will value the company at 170 million.
The listing will be accompanied by a 16 million institutional placing by Collins Stewart, advised by Hammond Suddards Edge.Best served deal: Black country firm George Green acted for technology giant Logica on its acquisition of the 80 million-turnover IT services division of Welsh water and electricity supplier Hyder Services, advised by Edwards Geldard.Sleepiest deal: Walker Morris acted for Homestyle Group on a 13 million placing to enable it to buy Sleepmasters and refurbish its Harveys furniture business.
US firm McDermott Will & Emery advised ING Barings as underwriter and broker.Most inflammable deal: Slough firm Harris & Cartwright represented global fire and safety group Kidde on its 17.5 million acquisition of Fire Protection Services, advised by Milton Keynes firm Kimble & Co.Most consumer-driven deal: Simmons & Simmons acted for Bizzbuild.com on its acquisition of Import Marques, which trades as on-line car supplier Carbusters.com.
The joint owners, Which? and the founder directors, were advised by US firm Jones Day Reavis & Pogue and Finers Stephens Innocent respectively.
The initial consideration was 50,000, with two annual earn-outs which could net an extra 2.4 million.Most accommodating deal: In the world's largest hotel auction sale, CMS Cameron McKenna and Clifford Chance advised Nomura International's principal finance group on corporate matters, and property and financing matters, respectively, in connection with its 1.9 billion acquisition of Le Meridien's chain of 150 hotels, located in more than 55 countries from the Compass Group.
Nomura was advised by Freshfields Bruckhaus Deringer and, in respect of the real estate work on the Forte Hotels division, Berwin Leighton Paisner.
The largest part of the financing is a 1.25 billion sale and leaseback agreement with the Royal Bank of Scotland, also advised by Berwins.Most demanding deal: Field Fisher Waterhouse advised Quadriga on the launch of Genesis, a revolutionary on-demand digital entertainment and communications system for hotel rooms.
Quadriga is the first business of its kind to have secured pan-European digital rights with international film studios including Columbia, Warner and Fox.
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