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  • Milbank, Tweed, Hadley & McCloy's new Asian acquisition finance group has helped Mercury, an acquisition company owned by Citicorp Venture Capital, the Carlyle Group and Prudential, to acquire the profitable remnants of Daewoo Telecom for 330 billion won ($294 million).
  • Ford Credit closed a £250 million ($350 million) securitization in late November, its first in the UK since 1991. The transactions raises funds backed by receivables from motor vehicle conditional sales.
  • Telstra and Pacific Century CyberWorks (PCCW) surprised nobody with their counsel for the two companies' joint venture in Hong Kong. PCCW retained Simmons & Simmons while Telstra turned to Mallesons Stephen Jaques. Both firms have strong relationships with the repsective corporations.
  • Julian Tucker, Allen & Overy The Allen & Overy securitization team has completed another Scandinavian transaction with the closing of a $841 million Swedish mortgage-backed deal.
  • Allen & Overy advised CIBC World Markets on its AAA-rated Eiwa securitization. The financing of the Japanese consumer finance company closed in early November and used a host of structures not usually seen outside of the US.
  • George Link, Allen & Overy Clifford Chance and Allen & Overy have been chosen above local firms to advise on Deutsche Telekom's euro18 billion ($15 billion) syndicated loan facility.
  • Advisers on largest Baltic M&A
  • In a year when Germany has produced some of the biggest equity offerings around, November was – in a way - just another month. This time it was the state-owned mail and logistics group Deutsche Post to turn heads with an initial public offering (IPO) raising euro6.6 billion ($5.6 billion) at its November 20 launch.
  • Corporate in-house legal departments are spending more on outside counsel, according to a survey released October 31.
  • Introduction of Limited Liability PartnershipsLandwell, London