Deals of the week - 24.07.2003

Most broadcastable deal: Linklaters advised the BBC on the 813 million bond issue to fund the redevelopment of the BBC's headquarters, Broadcasting House.

The deal is believed to be the largest ever single asset, single tenant securitisation in Europe and involves the sale and leaseback of Broadcasting House to a special purpose vehicle.

US firm Sidley Austin Brown & Wood advised Morgan Stanley as lead manager and arranger, while Clifford Chance advised MBIA which credit-wrapped the triple-A rated fixed-rate notes.

Denton Wilde Sapte represented the issuer of the notes, while Freshfields Bruckhaus Deringer and Norton Rose advised Fitch ratings and Standard & Poor's respectively, which rated the bonds together with Moody's.

Most photogenic deal: Marriott Harrison advised GLE Development Capital as managers of TriVest on a 1 million management buy-out of Image Source, a provider of royalty-free photography to the advertising, media and creative industries.

The management was advised by national firm Laytons, while the existing shareholders were represented by City firm Rosenblatt.

Most illuminating deal: The Derby office of Freethcartwright represented US company Advanced Lighting Technologies (ADLT) in its recent $37 million (23 million) re-financing.

Freethcartwright represented ADLT European division, Venture Lighting, which is based in Derbyshire with the help of its US lawyers Jenner & Block of Chicago.

Investment bank Brown Gibbons Lang & Company was represented by Denton Wilde Sapte.

Most chemically enhanced deal: Black Country firm Waldrons Commercial acted for the UK subsidiary of Italian construction chemicals company Mapei in the establishment of a 4.1 million UK base for the firm.

Waldrons handled the purchase of the 6.2 acre site for Mapei from developers St Modwen, represented by Wolverhampton firm Manby & Steward.