Search results for

In the first of a three-part series, Philip Gilligan and John Banks of Lovells, Hong Kong, examine the causes behind the boom in M&A activity in the Asian banking industry and explain how such deals can be structured

A recently completed study in Canada found that collars, which are used to stabilize a bidder's stock acquisition currency, have been used in approximately 2% of takeover bids for public companies over the past three years. Although the number of deals appears low, two of the five largest mergers and acquisitions (M&A) deals of 2000 in Canada employed collars. Both Vivendi's C$41.6 billion ($26.1 billion) acquisition of Seagram and Shire Pharmaceuticals Group's C$5.9 billion acquisition of BioChem Pharma utilized collar structures to increase certainty for their transactions.

The ever-growing popularity of football is forcing clubs to expand their grounds to meet the demands of fans and to be able to afford players’ wages and transfer fees. With the equity markets turning their backs, clubs are turning to securitization to fund their expansion. Stuart Brinkworth of Latham & Watkins, London, explains how

Allen & Overy has appointed Jacques Cook, senior counsel at the Inter-American Development Bank (IDB), to strengthen its project finance capabilities in the region.

Construction companies are often not used to dealing with special purpose companies (SPCs) on large infrastructure projects. When it comes to negotiating a contract on such a project, they need to ask the right questions to find out, among other things, about the commitments the SPC has obtained for required debt and equity. Robert Vitale of Cadwalader, Wickersham & Taft, New York, answers the key questions

Allen & Gledhill has advised the Development Bank of Singapore (DBS) on the bank's first synthetic securitization, backed by a $2.8 billion corporate loan portfolio.

By John Mackie, Chief executive, BVCA

Swiss private equity: structural issues and recent developments By Mark Barmes and Beat Kühni of Lenz & Staehelin

Developments in the venture capital industry By Marco de Lignie and Herman Kaemingk of Loyens & Loeff

German tax issues for private equity funds By Christoph Lorenz of KPMG