Biglaw

Magic Circle Firms Advise in Asda and Sainsbury’s Merger
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Asda Sainsburys merger

Summary: As the second- and third-largest UK food retailers prepare to merge, they each have their teams of BigLaw firms advising them through it.

Gibson Dunn & Crutcher, Linklaters, and Slaughter and May are all involved in the proposed merger of Asda and Sainsbury’s, the United Kingdom’s supermarket giants. The merger between the second- and third-largest food retailers is expected to transform the country’s grocery industry.

  
What
Where


The confirmation of the intended merger was revealed to the London Stock Exchange the morning of April 30, according to Legal Week. Since the merger involves such major companies, the details were being closely scrutinized by the Competition and Markets Authority. The final result of the merger would be a company worth over 10 billion pounds, or roughly $13.76 billion, putting it ahead of current market leader Tesco. The combined revenues will be over $70 billion.

Asda is owned by US retail giant Walmart. They are using Slaughters’ team led by M&A powerhouse Nigel Boardman and corporate partners Sally Wokes and Victoria MacDuff with tax partner Steve Edge, finance partner Guy O’Keefe, and pensions and employment partners Charles Cameron and Jonathan Fenn. Asda has been a client of the magic circle firm for years, using them in their 2010 purchase of Netto Foodstores. Walmart will receive around $4 billion cash for the merger in addition to 42 percent stake in the newly formed company.

Gibson Dunn’s role in the merger is as an advisor to Walmart and Asda on competition issues. Their team will be led by Ali Nikpay and Deirdre Taylor. Nikpay has been with Gibson since 2013 when he left the Office of Fair Trading. There he had worked on major mergers including Anglo American with Lafarge, Rank with Gala, and LSA with LCH.Clearnet.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Linklaters is advising Sainsbury through the merger. Their team is led by corporate partners Iain Fenn and Michael Honan, UK competition head Nicole Kar, competition partner Simon Pritchard and managing associate Margot Lindsay.

Linklaters has their share of experience in the industry, advising Sainsbury in their bid to buy rival Safeway. The magic circle firm also sits on the supermarket’s UK legal panel.



Do you think the merger of such big companies should be allowed? Share your thoughts with us in the comments below.

To learn more about the magic circle firms, read these articles:

Photo: geograph.org.uk



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Creditor’s Rights Associate Attorney

USA-IL-Chicago

Chicago office of our client seeks creditor’s rights associate attorney preferably with 2-4 ye...

Apply Now

Creditor’s Rights Associate Attorney

USA-GA-Atlanta

Atlanta office of our client seeks associate attorney with ideally 3-5 years of experience in credit...

Apply Now

Civil Litigation Attorney

USA-KY-Lexington

Lexington office of our client seeks civil litigation attorney with 5+ years of experience having an...

Apply Now

RELEVANT JOBS

Commercial Leasing Associate Attorney

USA-NY-New York City

What we do: Tarter Krinsky & Drogin’s full-service Commercial Leasing Group represents landlo...

Apply now

Senior Litigation Attorney

USA-CA-Costa Mesa

We are a well-established full service Orange County litigation and transactional law firm specializ...

Apply now

Workers' Compensation Defense Attorney

USA-CA-Redding

WORKERS’ COMPENSATION DEFENSE EXPERIENCED ASSOCIATE ATTORNEY LFLM seeks an experienced five...

Apply now

Workers' Compensation Defense Attorney

USA-CA-Anaheim

WORKERS’ COMPENSATION DEFENSE EXPERIENCED ASSOCIATE ATTORNEY LFLM seeks an experienced five...

Apply now

SEARCH IN ARCHIVE

To Top