Weil Gotshal & Manges and Slaughter and May have advised on the £1.27bn buy-out of Cadbury Schweppes’ European drinks business by Blackstone Group and Lion Capital, which was announced this week.
Weil Gotshal London head Mike Francies led the team advising private equity houses Blackstone and Lion, assisted by private equity partner Will Rosen, finance partner Richard Ginsburg and tax partner Sarah Priestley.
The US firm has a longstanding relationship with Lion, which was previously known as the European arm of US private equity house Hicks Muse Tate & Furst.
Weil Gotshal had traditionally acted almost exclusively for the client, but has more recently had to share its transactional work with SJ Berwin.
The top 10 US firm has also advised Blackstone in the past on US deals, although this is one of the biggest roles it has landed in the UK for the buy-out giant.
Slaughters corporate partner Tim Boxell advised regular client Cadbury, while Allen & Overy banking partner Jacqueline Evans advised debt financiers Bank of America, Citigroup and JP Morgan.