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  • Private equity firm The Carlyle Group and Sequa Corporation have agreed a merger.
  • Swarth Group is acquiring ECI Telecom in a $1.2 billion deal. Swarth, an investment vehicle controlled by telecoms entrepreneur Shaul Shani, has appointed Ashmore Investment Management as investment manager in its offer for Israel-based ECI.
  • Allen & Overy and French insolvency practice Santoni Paccioni et Associés announced on July 9 a strategic arrangement to work together on an exclusive basis for restructuring work in France.
  • Linklaters announced on July 10 2007 the elections of Giovanni Pedersoli and Claudia Parzani as partners in its Milan office. The appointments represent the strengthening of Linklaters' equity capital markets practice in Italy encompassing M&A, cross border acquisition and private equity.
  • Former Lovells senior associate Veronica Pinotti and associate Martino Sforza have joined McDermott Will & Emery.
  • Baker & Mackenzie announced on July 9 2007 the election of 23 new partners and the recruitment of 12 lateral partners in Asia Pacific within the last 12 months, bringing the total number of partners to 310.
  • On July 1 2007, Clifford Chance promoted three new counsel/consultants in its Hong Kong, Singapore and Tokyo offices.
  • On July 5 2007 White & Case recruited partner Carter Brod from Baker & McKenzie.
  • According to a review by UK regulator the FSA, regulated and non-regulated M&A firms are too complacent about their internal procedures to protect insider information
  • Shariah finance showed further signs of cracking the US market this week as DP World closed a $5 billion medium term note programme and $1.5 billion sukuk – with American investors vying for stakes in the deal.