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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Divjak Topic & Bahtijarevic Advised on the Biggest Croatian IPO

May 2007. Press Releases by Divjak, Topic & Bahtijarevic (view listing).

Capital Markets Team of Divjak Topic & Bahtijarevic advised Citibank on listing of Global Depositary Receipts of Croatian oil company INA on the London Stock Exchange.

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New Managing Partner at CHSH

March 2007. Press Releases by CHSH Cerha Hempel Spiegelfeld Hlawati (view listing).

Edith Hlawati takes on strategic position in the law firm's board. Albert Birkner appointed new managing partner from 1 January 2007.

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CHSH advised Pfizer Inc in an US$ 16,6 bn acquisition

March 2007. Press Releases by CHSH Cerha Hempel Spiegelfeld Hlawati (view listing).

On 20 December 2006 Pfizer Inc and Johnson & Johnson have finalised the acquisition of Pfizer Consumer Healthcare business ("PCH"), Pfizer's worldwide business division active in over-the-counter ("OTC") pharmaceuticals and personal care products, by Johnson & Johnson. The transaction volume amounted to around US$ 16.6 billion worldwide.

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Brzobohaty Broz & Honsa Branch Opened in Bratislava

March 2007. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

 

Brzobohaty Broz & Honsa is pleased to announce the opening of BBH Slovensko s.r.o., located on Gorkeho 3 in the most central district of Bratislava. Brzobohaty Broz & Honsa ("BBH") emanated from and acquired a well known international law firm established in Prague in then Czechoslovakia in 1990, and has had Slovak and Eastern European investment support opportunities increasingly presenting themselves from their widening client base.  Similarly, BelåƈovĂĄ & Bak ("BB") emanated from and continued in the practice of leading domestic law firm Zelenay & Co, also established in 1990. Lawyers of BBH and BB have cooperated closely on a number of projects in Slovakia since 2002, including the due diligence of a national bank, insurance and industrial companies and on bank financing projects in Slovakia.  In due course, the business evolution and clientele of the two firms necessitated this merger as the next logical progression. 

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First Czech Law Firm Branch Opened in Moscow

February 2007. Press Releases by Brzobohaty Broz & Honsa, v.o.s. (view listing).

 

Brzobohaty Broz & Honsa is pleased to introduce the first Czech law firm branch office in Russia with the opening of BBH Legal LLC, located on Bolshoy Gnezdnikovsky per 1 in the most central district of Moscow. Formally established in April 2006, the firm was inaugurated with a cocktail reception on June 15, 2006 at the Embassy of the Czech Republic in Moscow, the Russian Federation in the presence of the Ambassador, Mr. Miroslav Kostelka, and attended by many distinguished Czech, Russian and other business persons conducting local and international enterprises.

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AIM TEAM AT PINSENT MASONS ENDS YEAR ON A HIGH

January 2007. Press Releases by Pinsent Masons (view listing).

A specialist AIM team at the London offices of law firm Pinsent Masons have capped a busy year by acting for the brokers on two AIM admission fundraising placings in tandem.

Phaunos Timber Fund Limited, a new company established to invest in timberland and timber-related investments, raised US$115 million in a placing by Shore Capital Stockbrokers Limited and LCF Edmond de Rothschild. The company has been admitted to AIM with a market capitalisation of US$115 million.

Verdant Holdings PLC, a new company set up to invest in the burgeoning environmental industry, raised ?3.137 million in a placing by Fairfax I.S. PLC and Grant Thornton Corporate Finance. The company has been admitted to AIM with a market capitalisation of ?3.4 million.

Verdant will be seeking acquisition opportunities in an environmental sector whose UK value alone is estimated at in excess of ?25 billion. Phaunos, whose historical interests have focused on US timberlands, is seeking to expand into the timber market globally and provide its investors with long-term returns.

The Pinsent Masons team acting on both deals was led by Corporate Finance Partner and AIM specialist, Jon Harris, assisted by Fiona Morris and Ross Dawson.

Herbert Smith LLP acted for Phaunos Timber Fund Limited and Norton Rose advised Verdant Holdings PLC.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Note to Editors:

Pinsent Masons is a full service commercial firm with over 250 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 and is in the Global 100 of law firms. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester. Internationally, Pinsent Masons has offices in Beijing, Brussels, Dubai, Hong Kong, and Shanghai and is a founder member of the PMLG international network with offices in Austria, France, Germany, Hungary and the Baltic States. We also have key strategic alliances in other European countries, India and the USA.

Read more…

SABIEN TECHNOLOGY GROUP PLC ADVISED BY PINSENT MASONS ON AIM ADMISSION

December 2006. Press Releases by Pinsent Masons (view listing).

Energy efficiency company, Sabien Technology Group plc, has been advised by UK law firm Pinsent Masons on its admission to AIM, with a market capitalisation of ?13.8 million.

Sabien Technology owns the commercial rights to the M2G system that is proven to help reduce energy consumption by up to 35% in commercial and industrial boilers, as well as reducing harmful carbon emissions. The UK company is already achieving success in the commercial, banking and health sectors and anticipates growing demand as more and more businesses seek to cut energy costs and develop their green credentials.

As part of its AIM admission, Sabien Technology has raised ?4 million in a fundraising comprising a ?3.2 million placing at 52 pence per share and ?0.8 million through the issue of loan notes. The nominated adviser and broker has been Bell Lawrie (a division of Brewin Dolphin Securities).

Sabien Technology's M2G system is Carbon Trust approved and qualifies for the Enhanced Capital Allowance Scheme. It can be used with a range of fuels.

The Pinsent Masons team acting for Sabien Technology has been led by London Corporate Partner Russell Booker, working with Manmohan Panesar, Arif Mawany and Mark Timms.

The solicitors to the placing were Kirkpatrick & Lockhart Nicholson Graham LLP.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Read more…

PINSENT MASONS AND LUTHER FORM A 1300 LAWYER-STRONG EUROPEAN ALLIANCE

December 2006. Press Releases by Pinsent Masons (view listing).

In a move to build one of the leading associations of European law firms, Pinsent Masons in the UK and Luther in Germany are spearheading the creation of the Pinsent Masons Luther Group (PMLG). The pan-European network will provide a formidable cross-border legal services resource for clients doing business in the region.

As the driving force behind the association, founder members, Pinsent Masons and Luther represent the largest firms in PMLG. Pinsent Masons is a top 15 UK law firm, with over 250 partners and 1,000 lawyers worldwide; Luther is the 13th largest law firm in Germany and the second biggest independent in the German market. Formerly associated with Ernst & Young, Luther and Ernst & Young relinquished formal ties in December 2006, post Sarbanes-Oxley, but still retain a strong working relationship.

PMLG also includes, in France, Granrut, in Austria, Karasek Wietzryk, in Hungary, Luther Fest & Kajli, and three firms based in Estonia, Latvia and Lithuania trading under the banner 'Baltic Legal Solutions'. In total, the association comprises over 360 partners operating out of 33 offices across Europe. PMLG is further augmented by well established 'best friends' arrangements with lawyers in Italy, Holland, Poland and The Czech Republic.

Members firms have a strong track-record of collaborative working, with particular synergies in Corporate, IP/IT, PPP/ Projects, Competition, Employment and Real Estate. The association formalises existing relationships between the participating firms, which will henceforth work together on an exclusive basis.

Tony Bunch, Pinsent Masons' International Operations Partner, comments: 'Following the Pinsent Masons merger, the firm has increasingly been involved in cross-border work, driven by our clients' imperative to grow their operations globally. PMLG's offering in Europe is a compelling proposition for clients seeking the best local know-how, combined with an extensive international capability.'

Chris Mullen, Pinsent Masons' Senior Partner adds: 'The association adds another dimension to Pinsent Masons' international reach, complementing our burgeoning operations in Asia Pacific and the Middle East and firmly establishing us as a credible option for clients seeking a cross-border legal resource. Our shared strengths in key sectors, commitment to quality and client service excellence ensure that PMLG will be greater than the sum of its parts.'

Stefan Kraus, Managing Partner of Luther, says: 'The cultural and professional synergies between PMLG member firms have been apparent for some time. It seemed the natural step for our informal relationships to evolve into a strong and coherent offering. Put simply, we're a great fit.'

Ends

For further information, please contact:

Chris Mullen, Senior Partner, Pinsent Masons

or Clare Turnbull, Head of PR & Communications, on:

Tel: 0845 300 32 32

Read more…

PINSENT MASONS ADVISES ON DEAL PIVOTAL TO FUTURE GROWTH OF DENNIS EAGLE

December 2006. Press Releases by Pinsent Masons (view listing).

UK law firm Pinsent Masons has advised on a deal which has created Europe's no.1 player in refuse collection vehicle (RCV) production with the purchase by Spanish company, Ros Roca S.A of Midlands-based Dennis Eagle.

The combining of specialist vehicle manufacturer, Dennis Eagle and Ros Roca, a market leader in municipal manufacturing and environmental engineering, also creates a global leader in the field of environmental waste equipment with the new business forecast to have an annual turnover of ?400 million. It will also form part of a larger ?600 million turnover group.

A Pinsent Masons team led by Birmingham private equity partner Joanne Ellis, advised the selling shareholders of Dennis Eagle, including equity investors ABN Amro Capital and LDC. Her team also advised management on its re-investment in Ros Roca and on tax-related issues. The Dennis Eagle management will continue to run the UK business.

Dennis Eagle?s, Chief Executive, Mike Molesworth, believes the development will bring ?substantial benefits? to customers of both organisations, and will enable Dennis Eagle to fulfil its long-term corporate strategy by delivering more to its ever-expanding global customer base.

?The Ros Roca and Dennis Eagle businesses are complementary. Not only are both organisations domestic market leaders for RCVs in their own right, they are profitable and two of the most successful companies within the waste equipment sector in Europe. It has long been our stated intention to develop Dennis Eagle into a truly leading international concern and this latest development will help accelerate this process.

?Everyone involved at Dennis Eagle, including the management team that has now been together for six years, is looking forward to taking the business to its next level of development internationally. Becoming part of an equally successful global group leader in waste equipment for collection, transport, processing and treatment will be pivotal to this.?

The full Pinsent Masons' team was Joanne Ellis, Ann McCarthy, Paul Harkin, Lee Clifford and Alex Edmondson (corporate), Lisa Parisi (tax) and Esther Parkes (banking & finance).

Joanne Ellis commented: 'It has been exciting to work alongside Dennis Eagle during six years of successful development and to be involved now in advising on a deal which offers the company a fantastic opportunity to realise more of its potential with greater European and global reach'.

PricewaterhouseCoopers (PWC) Birmingham provided corporate finance advice to the shareholders.

Ros Roca was advised by ING London and Taylor Wessing.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

Read more…

Timeform advised by Pinsent Masons on sale to Betfair

December 2006. Press Releases by Pinsent Masons (view listing).

The shareholders of Portway Press Limited, which trades as Timeform, have been advised by a team from Pinsent Masons on the sale of the company to betting exchange Betfair for an undisclosed sum.

Halifax-based Timeform, which employs 70 people, is a world-renowned brand publishing horseracing ratings, form guides and analysis. The company, founded by Phil Bull in 1948, is an iconic brand in racing form and is used daily by the sport's professionals and punters as an essential source of reference. Channel Four Racing pundit Jim McGrath is the firm's managing director.

It is intended that Timeform will retain editorial independence, whilst benefiting from Betfair's capital investment, as well as technology, marketing and communication skills. Betfair will seek to incorporate some of Timeform's existing services into its own offering and utilise its resources to develop new products and further extend Timeform's global brand.

The Pinsent Masons team was led by Judith Greaves, national head of the firm's tax group and longstanding client partner for Timeform, and by corporate partner Andrew Black, assisted by John Clegg (Corporate), Suky Tour (Employment) and Kerry Wardle (Banking).

Reg Griffin, Chairman of Timeform, said: 'The partnership with Betfair, a company which shares our principles of integrity and trust, will open new outlets for Timeform's content, securing the brand both at home and internationally.

'Existing users of Timeform are more than customers; many are longstanding members of a fanatical readership which expects the highest standards. Those standards, along with Timeform's editorial independence and impartiality, are part of a rich heritage that will continue much as before.'

The shareholders of Timeform also received financial advice from Dow Schofield Watts LLP and tax advice from DTE Group. Betfair were advised by Freshfields Bruckhaus Deringer.

Ends

For further information please contact:

Sue Murdoch, Business Development Manager, Pinsent Masons

Tel: 0845 300 3232

Mob: 07884 110174

Email: sue.murdoch@pinsentmasons.com

Read more…

D1 Oils Plc Advised By Pinsent Masons On Major ?48+ Million Fundraising

December 2006. Press Releases by Pinsent Masons (view listing).

UK-based global biodiesel producer, D1 Oils plc, has been advised by law firm Pinsent Masons on a ?48 million fundraising to assist it in growing its business to meet the increasing international demand for renewable fuels.

Since its admission to AIM in 2004, D1 Oils has developed significantly its international business, concentrating on three core areas ? agronomy, refining and trading ? with the ambition of becoming one of the leading global players in its field. D1 Oils is pioneering the science, planting and production of inedible vegetable oils. The company also designs, builds, operates and owns biodiesel refineries.

D1 Oils has conditionally raised ?48 million, with the potential (via an over-allotment option) to raise a further ?10+ million, through a placing of up to 35,151,515 new ordinary shares. The placing is a very significant one for D1 Oils as it represents a near-doubling of the company's market capitalisation, at a price that does not represent a significant discount to the market price. The transaction is subject to shareholder approval at an extraordinary general meeting to be held on 28 December 2006.

The Pinsent Masons team advising D1 Oils comprises corporate finance partner, Robert Moir, senior associates Hanh Jelf and Rory Cray, and Andy Green. Pinsent Masons has acted for D1 Oils since its admission to AIM and in September advised the Company on the acquisition of a major 47-acre refinery site in the North West of England which will be converted to a biodiesel production and distribution plant.

Elliott Mannis, Chief Executive Officer of D1 Oils said: 'The outcome of this placing and the significant levels of interest shown by the investment community demonstrate the market's confidence in the company and its strategy to build a leadership position in the global biofuels industry. The Board would wish to thank the team at Pinsent Masons for their ongoing advice and support in helping the company to achieve its ambitions.?

Robert Moir commented: 'We are delighted to have advised D1 Oils on this key strategic fundraising which will enable the company to grow significantly over the coming years.'

Dresdner Kleinwort, Nominated Adviser and broker to the placing, was advised by Norton Rose, led by Nick Adams.

Ends

For further information please contact:

Clare Turnbull, Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32 / Mob: 07884 110173

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Read more…

Pinsent Masons advises on multi-million pound North-West LIFT scheme

December 2006. Press Releases by Pinsent Masons (view listing).

A multi-disciplinary team of lawyers from Pinsent Masons have advised both Partners 4 Lift Limited and The Royal Bank of Scotland plc (RBS) on the multi-million pound re-development of three primary care health centres as part of the St Helens, Halton, Knowsley and Warrington LIFT scheme.

The three sites earmarked for development under tranche three of the scheme with a capital value of ?17 million include :

 Newton Community Hospital

 North Huyton Primary Care Resource Centre

 Garswood Primary Care Centre.

The scheme aims to modernise existing premises and accommodation, better integrate health and social care delivery in the area and place greater priority on primary care provision on the three sites.

Pinsent Masons is one of the country's largest providers of legal services to the UK healthcare sector. The firm has advised on one-third of the first three waves of LIFT projects nationally.

This latest LIFT deal brings to 13 the number it has completed on behalf of RBS. It is the first time that Partners 4 Lift Limited, a private limited consortium consisting of St Helens and Halton, Knowsley and Warrington Primary Care Trusts, Partners 4 Care Limited and William Pears Group, has been advised by the firm.

Richard Ashcroft, Chief Executive of Partners 4 Lift Limited, said :

'We are delighted to be taking forward these three projects that will have a significant impact on the delivery of primary health care in Newton, Garswood and Huyton. We have been very pleased with our legal advisors, Pinsent Masons, and we believe that employing them to act on behalf of Partners 4 Lift and the Royal Bank of Scotland has enabled us to reduce the period of time to achieve financial close as well as achieving a significant reduction in cost over previous schemes. We certainly intend to use Pinsent Masons again on our next projects.?

The Pinsent Masons team was led by property partner Arthur Lovitt. He was assisted by Jane Morden, Samantha Oldale, Daniel Hargreaves and Jonathan Riley (property), Nick Bell and Rebecca Wilcock (banking), John Bruce (projects) and Helena Grundell (construction).

Addleshaw Goddard acted for Halton and St Helens Primary Care Trust and for Knowsley Primary Care Trust, who will be the end users of the 3 properties. Eversheds acted for Kier Managed Services Limited, the service provider.

ENDS

Note to editors :

LIFT (Local Improvement Finance Trust) projects are designed to transform the provision of primary care with new facilities and enhanced service delivery, structured as public private partnerships.

Pinsent Masons is a full service commercial firm with over 250 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 and is in the Global 100 of law firms. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

Internationally, Pinsent Masons has offices in Brussels, Dubai, Hong Kong and Shanghai, as well as strategic alliances with firms in Dubai, France, Germany, Spain, Holland, India, The Czech Republic, Slovakia, Eastern Europe, Scandinavia and the USA.

For media enquiries contact :

Lakhbir Rakar

PR Adviser

Pinsent Masons

Tel : 0121 260 4005

Mob : 07748 3212943

E : lakhbir.rakar@pinsentmasons.com

Read more…

HM GOVERNMENT ADVISED BY PINSENT MASONS

December 2006. Press Releases by Pinsent Masons (view listing).

UK law firm Pinsent Masons has advised the Department for Environment, Food and Rural Affairs ('Defra') and the Department of Trade and Industry ('Dti') on their joint disposal of the issued share capital of United Kingdom Nirex Limited ('Nirex'). Nirex is the company originally set up by the UK nuclear industry in 1982 to research, develop and operate radioactive waste disposal facilities for the industry and others.

As part of the arrangements for securing the geological disposal of the UK's higher activity radioactive waste announced in Parliament on 25 October 2006, the ownership of Nirex was to be transferred to the Nuclear Decommissioning Authority ('NDA'). Completion of this disposal took place on 29 November 2006.

Senior corporate partner, Martin Shaw, who led the Pinsent Masons team, commented: 'We are delighted to have brought this deal to a successful conclusion after several months of interesting and challenging work, involving a number of structuring arrangements, as well as corporate, constitutional, employment, pensions and tax issues'.

Martin Shaw, Leeds head of corporate at Pinsent Masons, was assisted by Catherine Hemsworth and John Clegg (corporate), John Christian (tax), Matthew de Ferrars (pensions), Jon Fisher and Philip Titchmarsh (employment).

The NDA was advised by Fiona Hammond (in-house) and Burnetts and Nirex was advised by Burges Salmon.

Ends

For further information please contact:

Sue Murdoch, Business Development Manager, Pinsent Masons

Tel: 0845 300 3232

Mob: 07884 110174

Email: sue.murdoch@pinsentmasons.com

Read more…

PINSENT MASONS ADVISED ON GROUNDBREAKING SCHOOLS BUILDING INITIATIVE

December 2006. Press Releases by Pinsent Masons (view listing).

The government's flagship 21st century initiative to renew or rebuild every secondary school has been given a major boost with a specialist public sector team at law firm Pinsent Masons breaking new ground.

The firm has advised VT Education and Skills as the Strategic Partner Organisation (SPO) to Greenwich Council on its agreement under the Building Schools for the Future (BSF) initiative to work with the authority on a long-term project which promises to transform every secondary school in the south London borough.

With the BSF initiative at such an early stage few agreements between authorities and SPOs are in place. Pinsent Masons has worked closely with VT to structure an agreement which lays the foundation for a 15-year relationship with Greenwich. The BSF programme will be tackled in waves, with wave one seeing five schools in Greenwich undergoing a major physical overhaul.

The BSF programme represents the single biggest investment ever made in Greenwich?s schools. It will enable schools to offer an extended, flexible curriculum that meets the needs of each individual student, allowing them a wider range of options in their education, including more choice over the type of school they wish to attend. The new schools will also provide new facilities for the wider community, for learning and community use both during and beyond the school day.

VT Education and Skills Managing Director Simon Withey said: ?We are delighted to be partnering Greenwich in delivering this flagship BSF programme for London. These are exciting times in Greenwich and VT is fully committed to playing its part in helping the borough with its development plans. We will utilise our considerable experience in education to ensure that the BSF programme provides a catalyst for raising the standards of secondary school education in Greenwich.?

Hazel Nickless of Pinsent Masons added: 'This is a groundbreaking agreement between VT and Greenwich which establishes the relationship between the authority and its strategic partner under the BSF initiative and paves the way for an enduring collaboration.'

Partnerships for Schools? Chief Executive Tim Byles said: ?It is excellent news that Greenwich ? a pathfinder BSF local authority ? and their preferred bidder VTES have reached financial close on Greenwich?s BSF projects. This is another great step forward for the progress of the national BSF programme and will benefit the schoolchildren of Greenwich for years to come.?

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Note to Editors:

Pinsent Masons is a full service commercial firm with over 250 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 and is in the Global 100 of law firms. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

Internationally, Pinsent Masons has offices in Brussels, Dubai, Hong Kong and Shanghai, as well as strategic alliances with firms in Dubai, France, Germany, Spain, Holland, India, The Czech Republic, Slovakia, Eastern Europe, Scandinavia and the USA.

Building Schools for the Future (BSF)

Pinsent Masons has been closely involved in advising the 4ps and LEAs and bidders embarking upon the first wave BSF projects by examining what the standardised BSF documents and entry into long-term partnership arrangements will mean for them. Building upon our expertise in NHS LIFT, which is the model upon which BSF has been developed, Pinsent Masons seeks to ensure that LEAs and their selected partners are well equipped to provide the educational needs of their communities.

Greenwich Council has been advised by law firm Bevan Brittan on its BSF agreement with VT Education and Skills.

Read more…

Pinsent Masons advises on multi-million pound North-West LIFT scheme

December 2006. Press Releases by Pinsent Masons (view listing).

A multi-disciplinary team of lawyers from Pinsent Masons have advised both Partners 4 Lift Limited and The Royal Bank of Scotland plc (RBS) on the multi-million pound re-development of three primary care health centres as part of the St Helens, Halton, Knowsley and Warrington LIFT scheme.

The three sites earmarked for development under tranche three of the scheme with a capital value of ?17 million include :

 Newton Community Hospital

 North Huyton Primary Care Resource Centre

 Garswood Primary Care Centre.

The scheme aims to modernise existing premises and accommodation, better integrate health and social care delivery in the area and place greater priority on primary care provision on the three sites.

Pinsent Masons is one of the country's largest providers of legal services to the UK healthcare sector. The firm has advised on one-third of the first three waves of LIFT projects nationally.

This latest LIFT deal brings to 13 the number it has completed on behalf of RBS. It is the first time that Partners 4 Lift Limited, a private limited consortium consisting of St Helens and Halton, Knowsley and Warrington Primary Care Trusts, Partners 4 Care Limited and William Pears Group, has been advised by the firm.

Richard Ashcroft, Chief Executive of Partners 4 Lift Limited, said :

'We are delighted to be taking forward these three projects that will have a significant impact on the delivery of primary health care in Newton, Garswood and Huyton. We have been very pleased with our legal advisors, Pinsent Masons, and we believe that employing them to act on behalf of Partners 4 Lift and the Royal Bank of Scotland has enabled us to reduce the period of time to achieve financial close as well as achieving a significant reduction in cost over previous schemes. We certainly intend to use Pinsent Masons again on our next projects.?

The Pinsent Masons team was led by property partner Arthur Lovitt. He was assisted by Jane Morden, Samantha Oldale, Daniel Hargreaves and Jonathan Riley (property), Nick Bell and Rebecca Wilcock (banking), John Bruce (projects) and Helena Grundell (construction).

Addleshaw Goddard acted for Halton and St Helens Primary Care Trust and for Knowsley Primary Care Trust, who will be the end users of the 3 properties. Eversheds acted for Kier Managed Services Limited, the service provider.

ENDS

Note to editors :

LIFT (Local Improvement Finance Trust) projects are designed to transform the provision of primary care with new facilities and enhanced service delivery, structured as public private partnerships.

For media enquiries contact :

Lakhbir Rakar

PR Adviser

Pinsent Masons

Tel : 0121 260 4005

Mob : 07748 3212943

E : lakhbir.rakar@pinsentmasons.com

Read more…

HM GOVERNMENT ADVISED BY PINSENT MASONS

December 2006. Press Releases by Pinsent Masons (view listing).

UK law firm Pinsent Masons has advised the Department for Environment, Food and Rural Affairs ('Defra') and the Department of Trade and Industry ('Dti') on their joint disposal of the issued share capital of United Kingdom Nirex Limited ('Nirex'). Nirex is the company originally set up by the UK nuclear industry in 1982 to research, develop and operate radioactive waste disposal facilities for the industry and others.

As part of the arrangements for securing the geological disposal of the UK's higher activity radioactive waste announced in Parliament on 25 October 2006, the ownership of Nirex was to be transferred to the Nuclear Decommissioning Authority ('NDA'). Completion of this disposal took place on 29 November 2006.

Senior corporate partner, Martin Shaw, who led the Pinsent Masons team, commented: 'We are delighted to have brought this deal to a successful conclusion after several months of interesting and challenging work, involving a number of structuring arrangements, as well as corporate, constitutional, employment, pensions and tax issues'.

Martin Shaw, Leeds head of corporate at Pinsent Masons, was assisted by Catherine Hemsworth and John Clegg (corporate), John Christian (tax), Matthew de Ferrars (pensions), Jon Fisher and Philip Titchmarsh (employment).

The NDA was advised by Fiona Hammond (in-house) and Burnetts and Nirex was advised by Burges Salmon.

Ends

For further information please contact:

Sue Murdoch, Business Development Manager, Pinsent Masons

Tel: 0845 300 3232

Mob: 07884 110174

Email: sue.murdoch@pinsentmasons.com

Read more…

CONSTRUCTION GROUP SIAC ADVISED BY PINSENT MASONS ON CORPORATE DEAL

November 2006. Press Releases by Pinsent Masons (view listing).

SIAC Construction Limited (SIAC), one of Ireland?s largest multi-disciplinary construction groups and a long-standing Pinsent Masons' construction client, has been advised by the firm for the first time on a corporate deal with its strategic acquisition in the UK.

Dublin-based SIAC, which has a turnover of ?165 million and employs a permanent workforce of 700 people, acquired Bison Structures Limited for an undisclosed sum from Bison Group, the pre-cast concrete and composite structures producer.

Bison Structures Limited specialises in the fabrication of steel structures for use in retail, industrial and commercial buildings, car parks, leisure facilities and other private and public sector projects. Its acquisition adds to SIAC's capabilities in this area and complements the work of its own Irish steel fabrication business SIAC Butlers Steel, as well as its existing UK subsidiary, SIAC Facades Limited.

SIAC's Business Development Manager, Aidan Guinan, commented: 'There is a very good fit between the Bison Structures business and our existing activities. The acquisition gives us additional capability in the UK market and we can now offer our UK clients an integrated structural steel, roofing and cladding and glazing solution. This approach has been implemented in Ireland and has resulted in very successful working relationships with major international companies. An added bonus for us has been being able to continue to work closely with Pinsent Masons. The firm has been our adviser on PFI schemes since 2001 and now, with its depth of corporate capability and specialist expertise in areas such as pensions, it has proved it has the resources to service all of our legal requirements. Working with a firm that knows our business made the acquisition of Bison easier.'

The Pinsent Masons team was led by Manchester Corporate Partner, Howard Gill. Additional specialist advice on pensions was provided by Stephen Scholefield and Paul Corris, with employment advice from Louise Burn.

The vendors were advised by Burness LLP.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Read more…

TWO KEY PARTNER APPOINTMENTS FOR GROWING BANKING AND FINANCE GROUP

November 2006. Press Releases by Pinsent Masons (view listing).

Pinsent Masons' Banking and Finance Group has announced two key appointments with partners joining its Restructuring and Banking teams in London and Birmingham respectively.

The Group's market-leading Birmingham Banking team is to be joined by Matthew Heaton from Eversheds. He will work alongside partners Stephen Miles and Alice Broadfield and the rest of the Midlands Banking team at Pinsent Masons to further develop the complex financing work for which the team has achieved its top ranking from independent market watchers.

Seamas Gray is joining the Group's Restructuring team in London from DLA Piper and will work alongside fellow London Restructuring Partner, Richard Williams, and the London Banking team led by Martin Bishop to develop the firm's bank-led restructuring practice.

The appointments reflect the overall growth of Pinsent Masons' Banking and Finance Group nationally, which now has more than 50 lawyers. The Group has seen major investment in London in recent years, as well as investment in its rated regional teams in Birmingham, Leeds and Manchester with the appointments of Heaton and Gray following closely on the appointments of Graeme McClellan as an asset finance partner in London and Clare Foster as a project finance partner in Edinburgh.

Matthew Heaton spent six years working in Allen & Overy's Global Loans and Restructuring Department before moving to join the Midlands banking team at Eversheds in December 2004 where he has concentrated on acquisition finance and general corporate banking work. Seamas, a restructuring specialist, has worked with DLA Piper's London Restructuring team for the past seven years.

Stephen Miles, National Head of the Banking and Finance Group, said: 'Banking and Finance is one of the core areas targeted for growth at Pinsent Masons. The success of this commitment is demonstrated by the year-on-year growth in the turnover and profitability of the Group. As we push to grow our London practice and develop our institutional relationships, we are keen to maintain and build on our regional strength. Matthew and Seamas will help us to do both and we are delighted that they are joining us.'

Jonathan Jeffries of Pinsent Masons' Restructuring team commented: 'We are committed to strengthening our offering in London and to the general expansion of the team. We are building on the strength of our reputation in other parts of the UK and the quality of our relationships which suggests that we can make great gains with the right team in place.'

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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EUROPEAN COMMISSION CLOSES HOLYROOD PROCUREMENT CASE AGAINST THE UK

November 2006. Press Releases by Pinsent Masons (view listing).

The European Commission has announced its intention to close its infringement case against the UK in respect of the design and construction of the new Scottish Parliament building at Holyrood.

This decision follows an acknowledgment by the Scottish Executive and Parliamentary authorities that tender processes may not have been consistent with EU public procurement law or the EC Treaty principle of equal treatment that underlies the process.

Moreover, the Scottish Executive has taken a number of pro-active measures to ensure that similar difficulties do not occur in relation to future projects. This began with the establishment of the Fraser Inquiry and was followed by the introduction of new construction procurement guidelines and new requirements for the review of major projects. Another important step taken by the Scottish Executive is the ongoing training programme on the new EC Public Procurement Directive and implementing Scottish Regulations, which has benefited over 200 public sector employees to date.

Under contract to the Scottish Executive's Procurement Directorate Pinsent Masons has played a key role in delivering this training programme which played a part in the Commission's decision to close its investigation.

Ends

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STRATEGIC PARTNER APPOINTMENT TO PINSENT MASONS' NATIONAL PROPERTY LITIGATION TEAM

November 2006. Press Releases by Pinsent Masons (view listing).

The Property Litigation team at UK law firm Pinsent Masons has announced the appointment of Alicia Foo, formerly joint head of Property Litigation at Denton Wilde Sapte, as partner.

Alicia will be based at the firm's Birmingham office and joins a vibrant, expanding national team which boasts one of the largest dedicated property litigation teams in the UK.

Stuart Wortley, national head of Property Litigation, commented: 'We are delighted to welcome Alicia whose appointment reflects the rapid growth of our team. During 2006 we have already seen the promotion of Matthew Baker to partner in our Leeds office and the recruitment of five lawyers ? four in London and one in Leeds. We are currently considering further recruitment opportunities.

'Property Litigation is a key area of growth and investment for Pinsent Masons - with a team of five partners and 16 lawyers, we are already one of the largest teams in the UK. In the Midlands, Alicia will be working with Paul Kent to develop and grow a practice which is already well positioned in the market.'

The Property Litigation team is part of the wider Property Group at Pinsent Masons, the largest single practice group in the firm with over 150 lawyers around the country.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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PINSENT MASONS CONTINUES MANCHESTER GROWTH WITH COMMERCIAL PARTNER HIRE

November 2006. Press Releases by Pinsent Masons (view listing).

Law firm Pinsent Masons has announced a further partner hire in Manchester with the appointment of commercial law specialist Scot Morrison, as the firm continues its expansion and strategic investment in the North West.

Scot will play a key role in developing the commercial law practice in Manchester of Pinsent Masons' successful national Outsourcing, Technology and Commercial (OTC) group. He is a specialist in commercial contracts, regeneration and real estate based joint venture structures. He is joining from Eversheds in Manchester where he is a partner.

His move to Pinsent Masons will see him reunited with corporate partners Helen Ridge and Howard Gill both of whom moved to the firm from Eversheds this year. Pinsent Masons also recently announced the partner appointments in Manchester in Corporate of heavy-hitters Stephen Levy from Hammonds and Chris Moss from Halliwells.

OTC is one of the flagship areas of practice nationally for Pinsent Masons which boasts an award-winning IP/IT law team. 'We need someone in the North West to spearhead the development of our commercial law practice to match the quality we have elsewhere and to enable us to expand the work we do for clients across the board,' said Clive Seddon, national head of OTC. 'Scot Morrison has all the right credentials. He has a proven ability of developing business, building strong teams and growing good client relationships. He will be a great addition to our operations in the North West and a valuable member of the group nationally.'

Carl Garvie, Head of Office in Manchester, added: 'There is a real buzz now around our North West team with each new arrival underscoring the dynamic and progressive force that Pinsent Masons is coming to represent in the North West.

'We are delighted to be welcoming Scot whose skills will add to the full service capability we offer to clients in this region and beyond. This is a good move for Pinsent Masons and good for regional competition which ensures the North West has a top-quality vibrant legal market.'

Scot Morrison joined Eversheds upon qualification in 1995 and became a partner in 2003. He helped to set up the successful commercial department at Eversheds in Manchester in 1999, working with colleagues to grow its influence. In the past two years, he has also developed a cross-disciplinary practice in regeneration and real estate joint venture structures ? significant areas of practice for Pinsent Masons.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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HEYWOOD WILLIAMS GROUP PLC ADVISED BY PINSENT MASONS ON SCHEME OF ARRANGEMENT AND CAPITAL REORGANISA

November 2006. Press Releases by Pinsent Masons (view listing).

Heywood Williams Group PLC, a leading specialist distributor of building products, is being advised by UK law firm Pinsent Masons on a Scheme of Arrangement and capital reorganisation.

This will create distributable reserves of ?42.2 million and enable the company to pay dividends and make share buybacks if the Board deems it appropriate to do so. Under the Scheme all shares in the capital of the company will be cancelled. The proposed reorganisation will involve the introduction of a new listed company as the parent company of Heywood Williams.

The shareholders of Heywood Williams will receive one new parent company share for each Heywood Williams share cancelled. The new parent company shares will be listed on the London Stock Exchange and the new company will also be known as Heywood Williams Group PLC.

The proposed Scheme and capital reorganisation is subject to approval at a Court Meeting and an Extraordinary General Meeting which are scheduled to take place on 17 November. It is expected that the Scheme will become effective on 11 December.

Mark Wild, Company Secretary at Heywood Williams, commented: 'This has been a complex process during which we have valued the advice and expertise provided by the Pinsent Masons' Manchester team. We were also advised by the same team on our recent acquisition of the Carlisle Brass Group. Once again, Pinsent Masons? Manchester corporate team has performed extremely well.?

The Heywood Williams Scheme of Arrangement is the second such transaction to be advised upon by Pinsent Masons in quick succession. Last month the firm advised brewer and pub owner Hardys & Hansons p.l.c on its ?272 million recommended takeover by Greene King PLC, effected by way of two simultaneous Schemes of Arrangement. In a complex deal, the Pinsent Masons team advised the company on the two Schemes of Arrangement and on the interests of family and non-family shareholders in the public and private companies involved in the recommended bid.

The Pinsent Masons team advising Heywood Williams Group comprised corporate partners Helen Ridge and Howard Gill and senior associate, Farook Khan.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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TOP WEALTH MANAGER TILNEY ADVISED BY PINSENT MASONS ON DEUTSCHE BANK DEAL

November 2006. Press Releases by Pinsent Masons (view listing).

One of the UK's largest independent wealth managers, Tilney Group Limited, has been advised by a team from law firm Pinsent Masons on the sale of the company to Deutsche Bank for an undisclosed sum.

The acquisition from Bridgepoint and Tilney management is a key element in Deutsche Bank's private wealth management strategy. This strategy anticipates the bank expanding its onshore presence in certain markets and with certain client groups, including Independent Financial Advisers. Tilney, with its 15,000 domestic and international clients and assets of ?6.7 billion under investment, provides the bank with the ideal growth platform.

In the last four years Tilney has transformed itself diversifying its product base via a series of strategic acquisitions including, earlier this year, the purchase of the private client division of Clydesdale Bank / Yorkshire Bank, upon which Pinsent Masons also acted.

Pinsent Masons worked closely with Travers Smith, legal advisers to exiting investor Bridgepoint, to see the deal through to a successful conclusion. David Innes led for Travers Smith while corporate partner, Andrew Masraf led the Pinsent Masons team which comprised Joanne McNeill, Gareth Rees and Jeremy Impey (corporate); Rebecca Power (tax) and Wyn Lewis (employment).

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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PINSENT MASONS ADVISES BLACK & VEATCH ON ACQUISITION OF MJ GLEESON'S WATER BUSINESS

November 2006. Press Releases by Pinsent Masons (view listing).

Leading global engineering, consulting and construction company, Black & Veatch, has been advised by a team from UK law firm Pinsent Masons on its acquisition of the water business of MJ Gleeson Group plc. The acquisition for a total consideration of ?36 million (on a debt and cash free basis) and with annual revenues of nearly ?200 million more than doubles the size of Black & Veatch's existing UK water operations.

Commenting on the transaction Dan McCarthy, CEO of Black & Veatch's water business said: 'Black & Veatch is committed to a rigorous growth programme in its core business lines of energy and water. The completion of this agreement allows Black & Veatch's global water business to move to nearly US$1 billion in revenue.'

Dave Kerns, Executive Vice President and Treasurer at Black & Veatch added: 'Critical to the success of this deal has been the quality of the support and advice that we have had from our professional advisers. The team assembled by Pinsent Masons and led by Darius Lewington exhibited the highest levels of commitment and professionalism throughout the transaction, enabling Black & Veatch to bring this transaction to a successful close within a short timeframe.'

The Pinsent Masons team acting for Black & Veatch was led by Corporate Partner, Darius Lewington with support from Fiona Morris, Iain Butler, Anais Spacey and Raymond Chan (Corporate), Mark Roe, Sarah Thomas, Edward Butler, Brad Fearn, Karen Vera, Melanie Grimmit, Michael Lyon and Julian Brooksbank (Construction and Energy), Edward Goodwyn and Sarah Banatvala (Employment), Anne-Marie Winton and Carol Jones (Pensions), Russell Sykes, Richard Keddilty and Maryam Rahman (Property), Paul Rice (Environmental), Claire Smith (IP/IT) and Michael Hunter and Alison Walker (Tax).

Ends

For further information, please contact:

Clare Turnbull, Head of PR &Communications, Pinsent Masons

on: 0845 300 32 32 or mobile 07884 110173

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PROTON POWER SYSTEMS ADVISED BY PINSENT MASONS ON ADMISSION TO AIM

November 2006. Press Releases by Pinsent Masons (view listing).

PROTON POWER SYSTEMS ADVISED BY PINSENT MASONS ON ADMISSION TO AIM

Fuel cell system developer, Proton Power Systems PLC, is being advised on its admission to the Alternative Investment Market (AIM) by a specialist team from UK law firm Pinsent Masons. The company is expected to have a market capitalisation of ?25 million.

Proton, which has concentrated on designing and developing modular fuel cell systems capable of use in volume manufacturing, is now focused on the commercial exploitation of this environmentally friendly source of power chiefly in the industrial application sector of the power systems market.

Proton is the parent company of Proton Motor GmbH, a German-based leading independent fuel cell system developer which produces systems used by OEMs in a range of applications from forklift trucks to buses. Proton Motor's customers include Linde AG, the second largest global manufacturer of material handling and forklift trucks.

Alongside Proton's admission to AIM, the company will be raising ?4.67 million gross through a placing of 5,842,925 ordinary shares of 5p per share at a price of 80p per ordinary share. Bell Lawrie is the NOMAD and broker to the placing and admission.

The Pinsent Masons team advising Proton has been led by national head of corporate, Gareth Edwards, working with Hanh Jelf and Sadhbh Kavanagh (corporate).

Pinsent Masons is one of the UK's top legal advisers for AIM acting for more than 50 AIM-quoted companies. The Proton flotation is the eighth AIM admission this year upon which the firm has advised.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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MEDICX FUND ADVISED BY PINSENT MASONS ON LONDON MAIN MARKET FLOAT

November 2006. Press Releases by Pinsent Masons (view listing).

Specialist healthcare property investment company, MedicX Fund Limited, has been advised by a team from law firm Pinsent Masons on its IPO on the Main Market of London Stock Exchange and ?55.9 million placing and offer for subscription.

MedicX Fund is to concentrate its investment in a portfolio of mainly modern purpose-built primary healthcare properties in the UK where there is a growing demand for modern premises which can be rented by GPs, Primary Care Trusts (PCTs) and Local Health Boards.

The Fund is self-managed and has engaged MedicX Adviser Ltd, a member of the MedicX Group (a specialist developer, investor and manager of primary healthcare properties), as its property adviser. Panmure Gordon has acted as sponsor, financial adviser and broker to the flotation. Dealings in the shares commenced today (2 November).

With an estimated 80% of GPs' surgeries being too small for current needs, MedicX Fund sees an increasing need for modern purpose-built premises from which medical advice and services can be dispensed effectively. Of existing surgeries only 40% were purpose-built, with 50% being adapted houses or shops. The MedicX Group has a development pipeline of approximately ?73 million worth of projects, in 21 of which it is the preferred developer for GPs or PCTs.

Pinsent Masons, which has a market-leading healthcare practice embracing both private and public sector activity and a dedicated IPO and funds team, acts for MedicX Fund. Corporate Finance Partners Jay Birch and Robert Moir led the team, with advice from health sector head Barry Francis on healthcare aspects.

Panmure Gordon was advised by O'Melveny & Myers, led by Eilean Couper. Morgan Cole, led by Robert Cherry, advised on the property aspects.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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PINSENT MASONS APPOINTED TO ADVISE GLEESON CAPITAL SOLUTIONS ON TWO SOCIAL HOUSING PFI PROJECTS

November 2006. Press Releases by Pinsent Masons (view listing).

Pinsent Masons has been appointed to advise Gleeson Capital Solutions on two social housing PFI projects, further cementing the firm's leading position in this sector.

Gleeson Capital Solutions is part of the Chrysalis consortium, together with Nationwide, Moat and Denne Group. The consortium is the preferred bidder on the Stanhope Housing PFI Project in Ashford. Gleeson and Nationwide are also, with Harvest Housing Association, part of the AvantAge consortium which has just been appointed preferred bidder on the Cheshire Non HRA Housing PFI Project. Financial close on both projects is expected by March 2007.

Stanhope Estate project involves the demolition of 410 flats, the provision of 222 houses and flats for general housing need, 90 houses and flats for intermediate rent and Homebuy (formerly known as Shared Ownership); 144 houses and flats for open market sale; the demolition of the old shopping centre; and the transformation of a new commercial centre together with new and improved community facilities for Ashford Borough Council.

The Cheshire project will provide 400 extra care housing units across five sites in Cheshire involving a mix of flats for sale, rent and Homebuy, and forms the first phase of a pan-Cheshire strategy to facilitate 2000 units within the next ten years.

The Pinsent Masons team is led by Robin Baillie assisted by Navjeet Virk, Anna Le Jehan and Didar Dhillon in the Projects Group.

Robin Baillie, Senior Associate in the Projects Group at Pinsent Masons, said,

'Having already been involved in seven of the nine social housing schemes which have closed to date, as well as Islington Housing PFI which we closed only last month, our instructions on Cheshire and Ashford demonstrate the confidence the market has in Pinsent Masons as the leading legal advisor in this market. The Cheshire and Ashford projects will be two of four schemes which we will be closing this financial year leaving little time to rest!'

Ends

For further information, please contact:

Anna Sargent, PR Adviser

Pinsent Masons, on: 020 7490 6378 or mob: 07717 156 559

Email: Anna.Sargent@pinsentmasons.com

Note to Editors:

Pinsent Masons is a full service commercial firm with more than 260 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 of law firms and is one of Europe's leaders. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

The firm has one of the largest teams of specialist PFI projects lawyers in the UK. It is ranked number one in the Public Private Finance league tables having closed more UK PFI projects than any other law firm and was named 'Best Legal Adviser' at the Public Private Finance Awards 2006.

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WATER GIANTS LOSE STRANGLEHOLD ON GLOBAL MARKET

November 2006. Press Releases by Pinsent Masons (view listing).

The five largest water companies in the world are losing their grip on global domination according to Dr David Lloyd Owen, Director of Envisager.

Dr Owen, who was speaking at the launch of the Pinsent Masons Water Yearbook 2006-07 this month, outlined many of the changes recently witnessed by the industry: 'Over the past three years the entire nature of the global water industry has changed. The major players have a less dominant position. With RWE selling Thames Water to Macquarie, the ??big five?? now account for less than half of the people served. We haven't seen that for a long time', he said.

According to Pinsent Masons Water Yearbook in 2002 the five largest operators (Suez, Veolia, RWE, SAUR and Agbar) accounted for 75% of people served. In 2006 this fell to 47%.

Dr Owen added : 'Against this backdrop there is a sizeable shift in the number of locally based companies emerging in the sector in developing economies and eating away at the global share of the heavyweights. Many of these companies are relatively small but collectively they are playing a significant role.

'Their presence is aided by the shift away from awarding contracts to multinational companies in favour of local and expatriate businesses. Much of this has to do with the problems encountered by multinational companies since the mid 1990s, especially regarding political and foreign exchange risk.'

However Dr Owen issued a word of caution :

'This is not necessarily a positive development as while local or expatriate funding obviates exchange rate risk, it plays a limited role in mobilising new sources of funding needed to attain the Millennium Development Goals.'

Mark Lane, Head of the Water Group at Pinsent Masons, said : 'The global water picture is becoming increasingly complex and urgent .The challenges are growing , but the opportunities are correspondingly developing .This eighth edition of the Yearbook focuses on the current issues in 36 countries and 99 companies in North America, South America, and the Far East.'

Pinsent Masons Water Yearbook offers a unique review of the dramatic changes that have affected both companies operating in the sector and its investment climate. Copies of the Water Yearbook are now available on CD or can be downloaded for free by visiting : www.pinsentmasons.com/wateryearbook.aspx

ENDS

Note to editors :

?X Pinsent Masons is one of the world's leading infrastructure law firms and a specialist in water and wastewater projects.

?X Envisager Limited was formed in 2003 and provides strategic management services for the water and wastewater industry.

?X The eight Millennium Development Goals (MDGs) were agreed at the United Nations Millennium Summit in September 2000 and nearly 190 countries have subsequently signed up to them. The Goals range from halving global poverty and hunger to protecting the environment, improving health and sanitation and tackling illiteracy and discrimination against women.

For media enquiries contact :

Lakhbir Rakar

PR Adviser

Pinsent Masons

Tel : 0121 260 4005

Mob : 07748 3212943

E : lakhbir.rakar@pinsentmasons.com

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WMG PICKS TOP PINSENT MASONS TEAM FOR MAJOR STRIKE ON FOOTBALL TALENT POOL

November 2006. Press Releases by Pinsent Masons (view listing).

Wasserman Media Group picked a top team at law firm Pinsent Masons for advice as the US group made a UK acquisition which has propelled it to pre-eminent status in the field of football talent representation.

Wasserman has acquired SFX Sports Group (Europe) Limited, the agency that represents stars such as Steven Gerrard, Michael Owen and Andriy Shevchenko, from Live Nation Inc for an undisclosed sum.

The company, strong in basketball and baseball in the US, has now leapfrogged rivals in Europe to gain a dominant position in football with the SFX acquisition. In addition to representing leading names in football, which also include Alan Shearer, Jamie Carragher and Jermaine Jenas, SFX has world rugby stars, Jonny Wilkinson, Lawrence Dallaglio and Martin Johnson as clients.

Casey Wasserman, the group's founder, has been quoted as saying: 'One thing that has become clear over the last few years is that, on a global basis, football is unquestionably the most important sport. For us to operate at the highest level of sports marketing, we have to have a significant presence in football.'

The Pinsent Masons team acting for Wasserman was led by Corporate Partner, Jonathan Reardon, with Lucy Glyn, (corporate), Geoff Tyler and Velma Eyre (employment), Mark Cawthron (tax) and Kim Walker (media and sports). Kevin Masuda of Los Angeles-based Munger Tolles and Olson LLP provided US advice to Wasserman.

Live Nation Inc was represented by Mike Rogers of Houston-based Gardere Wynne Sewell LLP with UK advice provided by Hammonds.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

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DORSET COUNTY COUNCIL ADVISED BY PINSENT MASONS ON SECOND COUNTY-WIDE STREET LIGHTING PFI PROJECT IN

November 2006. Press Releases by Pinsent Masons (view listing).

Lawyers at Pinsent Masons have advised Dorset County Council on the second county-wide street lighting PFI project in the UK to date. The ?100 million project reached financial close on 3 October 2006.

The project involves the refurbishment, replacement and maintenance of public lighting across the County of Dorset over a 25 year term. This will ultimately involve the replacement of around 36,000 columns which equates to approximately 80% of the street lighting stock in the county. As well as public lighting, the project also includes illuminated road signs and bollards and will contribute to Dorset County Council's key objectives of improving road safety and reducing crime.

The Pinsent Masons team was led by Patrick Twist assisted by Duncan Halliwell, Oliver Mangiapane and Elise Gillians in the Projects Group. Additional support was given by Pippa Read (Pensions), Pam Sidhu (Employment), James Bryan (Competition), and Ruth Packwood (Banking and Finance).

Patrick Twist, National Head of the Projects Group at Pinsent Masons, said: 'This major street lighting project will provide many benefits for Dorset notably in helping reduce night time accidents, crime and light pollution. It is ground breaking being only the second county-wide contract of its nature and we are delighted to have assisted the Council to bring it to a successful conclusion.'

Colonel Geoff Brierley, county council cabinet member for transport, said: 'This contract is great news for the people of Dorset. Many of our street lamps are due for renewal and this contract offers a great opportunity to provide top-quality, modern street lighting facilities around Dorset's highways, towns and villages for years to come.'

Stephenson Harwood acted for EDF, the contractor, and Tods Murray advised Dexia, the funder.

Ends

For further information, please contact:

Anna Sargent, PR Adviser

Pinsent Masons, on: 020 7490 6378 or mob: 07717 156 559

Email: Anna.Sargent@pinsentmasons.com

Note to Editors:

Pinsent Masons is a full service commercial firm with more than 260 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 of law firms and is one of Europe's leaders. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

The firm has one of the largest teams of specialist PFI projects lawyers in the UK. It is ranked number one in the Public Private Finance league tables having closed more UK PFI projects than any other law firm and was named 'Best Legal Adviser' at the Public Private Finance Awards 2006.

Pinsent Masons have unrivalled strength in depth in providing legal services on Street Lighting PFI's, having directly advised either the public sector or preferred bidder in 10 of the 15 projects to close to date. A team of 15 specialist projects lawyers continues to advise both the public and private sector on the street lighting projects still in procurement.

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ANISA GROUP ADVISED BY PINSENT MASONS ON MARKET LEADING MOVE

November 2006. Press Releases by Pinsent Masons (view listing).

A team from law firm Pinsent Masons has advised its client Anisa Group on a deal which has helped to create the UK's market leader in warehousing and distribution.

Anisa has acquired certain business and assets of FWL Technologies Limited (Liverpool) comprising warehousing and distribution, enterprise resource planning and facilities management operations and related staff.

FWL Technologies counts as its customers many of the world's leading logistics, supply chain and transportation companies. The company specialises in providing proprietary software and support services to over 200 customers worldwide, including in the UK leading logistics companies such as DHL, Exel and TNT.

Ross Telford, Anisa Group Chairman, commented: 'Bringing these two businesses together creates the largest UK-based market leader in warehousing and distribution. FWL Technologies has an excellent range of products and expertise to offer customers the most comprehensive solutions portfolio and technology offerings in the UK.

'This is an important strategic acquisition for Anisa Group which more than doubles our position in the warehousing and distribution market where we already enjoy a high profile and considerable success. We now have over 400 customers in 700 locations worldwide.'

The Pinsent Masons team advising Anisa Group has been led by Corporate Partner, Joanne Ellis, working with Russell Hill and Alex Darbyshire (Banking and Finance).

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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CARETECH HOLDINGS PLC ADVISED BY UK LAW FIRM PINSENT MASONS ON COUNTICARE ACQUISITION

November 2006. Press Releases by Pinsent Masons (view listing).

Leading UK learning disability care provider, CareTech Holdings PLC, has been advised by the specialist healthcare team at law firm Pinsent Masons on an acquisition which will see the company almost doubling its bed capacity since its flotation in 2005.

The ?15 million acquisition of 13 freehold homes from Counticare Holdings Limited plus the entire issued share capital of Counticare Limited and Hazeldene UK Limited, gives CareTech 12 new homes in Kent, with 101 beds and a 150-place day centre. These facilities will be integrated with CareTech's existing 15 homes in Kent.

CareTech Executive Chairman, Farouq Sheikh, commented: 'The acquisition demonstrates the group's progress in achieving the growth strategy outlined at flotation. CareTech has now increased bed capacity since then by some 93% through organic and acquisition initiatives.'

With the latest acquisition, CareTech now operates 127 residential care homes with a total capacity of 840 residential places, together with five day centres with a capacity of 229 day services places.

Pinsent Masons acted for CareTech on its flotation and has advised the company throughout the post-float growth period. The team advising on the Counticare acquisition has been led by Corporate Relationship Partner, Joanne Ellis, a healthcare sector specialist, working with Ann McCarthy and Kimmy Sokhi.

Counticare Holdings Limited was advised by Kingsfords.

Ends

For further information, please contact:

Clare Turnbull, National Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

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CREW CLOTHING CO ACHIEVES GOOD FIT AS PINSENT MASONS ADVISES ON EQUITY-BACKED INVESTMENT

November 2006. Press Releases by Pinsent Masons (view listing).

A specialist retail sector team at UK law firm Pinsent Masons has advised Crew Clothing Co., the quintessentially English casual wear brand, on a ?7.75 million fundraising which has seen ISIS Equity Partners take a 25% stake in the business.

The investment gives Crew Clothing a strong platform for growth and allows managing director Alastair Parker-Swift to realise part of his shareholding in the business which he founded in 1993. From that first store in Salcombe, the company has grown to have 34 UK retail outlets as well as wholesale and direct sale channels.

The investment by ISIS Equity Partners, which has a good track record in the retail arena, followed a review of the strategic options for Crew Clothing and its founder by retail and consumer products consultancy, Argyll Partners. Crew Clothing has also secured the services of high profile retailer Peter Davies as its chairman. Peter is chairman of footwear retailer Clarks and was chief executive of Rubicon Retail (Warehouse and Principles fashion brands).

Alastair Parker-Swift commented: ?I am extremely pleased to be working with ISIS as our partner to take the business forward. Their pedigree in working with retail brands, particularly in the active wear market, will greatly assist our development as a company, whilst we will also benefit from the knowledge that Peter Davies has gained from many successful years developing retail businesses?

Crew Clothing was advised by a private equity team from Pinsent Masons which specialises in retail sector transactions led by Gareth Hughes with Roger Fink and Harmender Kalirai. The team has also acted for major retail investors and retailers including Kaupthing, Baugur, Rubicon Retail, Jane Norman and Elvi Limited.

ISIS Equity Partners, led by Andrew Garside, were advised by Wragge & Co. Lloyds TSB, which provided debt facilities alongside the investment, were advised by Osborne Clarke.

Ends

For further information please contact:

Clare Turnbull, Head of PR & Communications

Pinsent Masons, on: 0845 300 32 32 / Mob: 07884 110173

Email: clare.turnbull@pinsentmasons.com

www.pinsentmasons.com

Notes to Editors:

Pinsent Masons is a full service commercial firm with more than 250 partners, a total legal team of more than 900 and in excess of 1,500 staff in the UK and internationally. The firm ranks in the UK top 15 of law firms and is one of Europe's leaders. In the UK, the firm has offices in London, Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

Pinsent Masons Retail Sector deals in 2006 include:

? Elvi Limited - acting for the selling shareholders of the UK's largest independent plus size women's fashion retailer in its acquisition by Langholm Capital and Oliver Spark

? Flying Brands Ltd - advising the Jersey-based listed company on the acquisition of Greetings Direct, including Greetings Direct Trading Limited of Jersey and Greetings Direct International Limited of Malta. Greetings Direct, which trades as 'Cards for All Occasions' will form an enlarged division for Flying Brands

? Sweaty Betty - advising the founders on the secondary buy-out of their business and subsequent development capital investment by Wittington Investments

? Miller Brothers Electrical Group - advising on the buyout of the business and assets of Miller Brothers Electrical Group involving a retail unit and the Group's internet business

Read more…

Legal services for Delhaize Group

November 2006. Press Releases by PETERKA & PARTNERS v.o.s (view listing).

In recent days, a team of PETERKA & PARTNERS lawyers led by Ond?ej Peterka and Jan Li?ka provided legal advice to the Belgian company Delhaize Group S.A. with respect to the sale of all of its 96 Delvita brand stores in the Czech Republic to the German group REWE for the purchase price of EUR 100 million.

Delhaize Group is a Belgian company which owns a chain of retail stores in eight countries; it entered the Czech market as the first foreign chain in 1991. By the end of September 2006, the number of stores in the ownership of the company amounted to 2,676. In 2005, the total turnover of the company was EUR 18.6 billion; in the same year, the net profit climbed to EUR 364.9 million. Delhaize Group is listed on Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

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