Law Firm Client Work 16-30 April 2015 - Corporate and M&A, Debt Capital Markets, Equity Capital Markets, Project Finance, Real Estate and Banking & Finance. Highlights include Allen & Overy, Slaughter and May and Linklaters advising on the purchase of Virgin Active by Brait and Clifford Chance advising on a landmark sovereign sukuk issuance by The Government of Malaysia.
1. DealFolio Digest
April 16 – 30 2015
www.legaldealfolio.com
1
Organised Insight into Lawyers’ Client Work
2. • DealFolio Digest for the second half of April 2015, with information on law firm client work in the following
practice areas:
– Corporate and M&A
– Debt Capital Markets
– Equity Capital Markets
– Infrastructure and Project Finance,
– International Finance and Bank Credit
– Real Estate and
– Restructuring.
• Highlights include Allen & Overy, Slaughter and May and Linklaters advising on the purchase of Virgin Active
by Brait and Clifford Chance advising on a landmark sovereign sukuk by The Government of Malaysia.
• Please refer to the index on slide 95 for deals classified by industry.
• Full information available at www.legaldealfolio.com.
2
3. • Infrastructure and Project Finance
– Project Finance…………………….…………..72
– Transfer of Project Assets………….…………73
• International Finance and Bank Credit
– Acquisition Finance……………………….….75
– Real Estate Finance……….……………….….78
– Syndicated and Bilateral Loans……….…….80
• Real Estate
– Real Estate Acquisitions and Disposals……87
– Real Estate Development…………….……...92
3
• Corporate and M&A
– Financial Buyer Acquisitions…………………5
– Joint Ventures………..……………………… 18
– Mergers………………………………………..21
– Strategic Buyer Acquisitions………………...23
• Debt Capital Markets
– Bond Repurchase and Exchange Schemes…34
– Corporate Bonds……………………………...35
– Islamic Finance………………………….…….54
– Retail Bonds……………………………….…..55
– Securitisation and Structured Finance….…..56
– Sovereign and Public Sector Bonds…….…...58
• Equity Capital Markets
– Initial Public Offerings…………………….…60
– Rights Issues…………………..………………64
– Secondary Offerings and Placings………..…66
Table of Contents
5. Allen & Overy
Virgin Active - Purchase of 80% Stake by Brait
Financial Buyer Acquisitions – Secondary Buy-Out
Travel & Leisure
5
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Andrew Ballheimer
6. Taylor Wessing
WHEB Partners Leveraged Buy-Out of Dolan/European Carbon Fiber
Financial Buyer Acquisitions – Primary Buy-Out
Chemicals
6
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Peter Hellich
7. Slaughter and May
Virgin Group Sale of Virgin Active Stake to Brait
Financial Buyer Acquisitions – Secondary Buy-Out
Travel & Leisure
7
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Mark Zerdin
8. Linklaters
Brait Purchase of Stake in Virgin Active
Financial Buyer Acquisitions – Secondary Buy-Out
Travel & Leisure
8
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Stuart Boyd
9. Cravath
ThyssenKrupp AG Sale of VDM Group to Lindsay Goldberg LLC
Financial Buyer Acquisitions – Primary Buy-Out
Chemicals
9
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Richard Hall
10. Simpson Thacher
Snow Phipps Group, LLC Sale of Boyd Corporation
Financial Buyer Acquisitions – Secondary Buy-Out
Industrial Engineering
10
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Andrew W Smith
11. Simpson Thacher
New Mountain Capital Sale of Equity Portion in AmWINS
Financial Buyer Acquisitions – Minority Investment
Nonlife Insurance
11
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Peter J Gordon
12. Davis Polk
Metalmark Capital Investment in Kissner Milling Company Limited
Financial Buyer Acquisitions – Primary Buy-Out
Chemicals
12
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Michael S Davis
13. Watson Farley & Williams
Redbird Investments Unconditional Offer for Baobab Resources
Financial Buyer Acquisitions – Primary Buy-Out
Mining
13
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Jan Mellmann
14. Shearman & Sterling
Francisco Partners Proposed Acquisition of Procera Networks
Financial Buyer Acquisitions – Primary Buy-Out
Software & Computer Services
14
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Michael J Kennedy
15. DLA Piper
Sale of The Atlanta Hawks to Consortium
Financial Buyer Acquisitions – Primary Buy-Out
Travel & Leisure
15
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Charles H Baker
16. Debevoise & Plimpton
Sale of DE Shaw Group Equity Interest to Hillspire LLC
Financial Buyer Acquisitions – Minority Investment
Financial Services
16
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Michael J Gillespie
17. Davis Polk
Perfect World/Yufeng Chi Going-Private Transaction
Financial Buyer Acquisitions – Secondary Buy-Out
Software & Computer Services
17
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Miranda So
18. Simpson Thacher
Abengoa, S.A. Latin American JV with EIG Global Energy Partners
Joint Ventures – Continuing Business Partnership
Electricity
18
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David L Williams
19. Trowers & Hamlins
Breckland Council and Land Group - Breckland Bridge Joint Venture
Joint Ventures – Consortium
Public Sector
19
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Helen Randall
20. DLA Piper
Coolpad Group Joint Venture with Qihoo 360
Joint Ventures – Continuing Business Partnership
Software & Computer Services
20
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Mike Suen
21. Slaughter and May
Santander Asset Management/Pioneer Investments Europe/LatAm Merger
Mergers
Financial Services
21
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Mark Zerdin
22. Davis Polk
Banco Santander - Santander AM/Pioneer Investments Merger
Mergers
Financial Services
22
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Luigi De Ghenghi
23. Davis Polk
BBVA Acquisition of Spring Studio
Strategic Buyer Acquisitions – Private Company
Financial Services
23
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William L Taylor
24. Cahill
Murray Energy Corporation Acquisition of Interest in Foresight Energy
Strategic Buyer Acquisitions – Private Company
Oil & Gas Producers
24
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William M Hartnett
25. Slaughter and May
China Orient Asset Management - Offer for Shanghai Zendai Property
Strategic Buyer Acquisitions – Public Company Recommended Offer
Construction & Materials
25
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Neil Hyman
26. Clifford Chance
Willis Group Holdings Firm Offer for Gras Savoye
Strategic Buyer Acquisitions – Private Company
Nonlife Insurance
26
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Thierry Schoen
27. Slaughter and May
China Resources Acquisition of CRE Non-Beer Business
Strategic Buyer Acquisitions – Public Company Recommended Offer
General Retailers
27
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Benita Yu
28. Travers Smith
Sale of Pace plc to ARRIS Group
Strategic Buyer Acquisitions – Public Company Recommended Offer
Media
28
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Spencer Summerfield
29. Latham & Watkins
Amer International Group Investment in General Moly, Inc
Strategic Buyer Acquisitions – Private Company
Mining
29
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Allen Wang
30. Herbert Smith Freehills
ARRIS Group, Inc Takeover of Pace plc
Strategic Buyer Acquisitions – Public Company Recommended Offer
Media
30
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Gavin Davies
31. Davis Polk
MasterCard Acquisition of of Applied Predictive Technologies
Strategic Buyer Acquisitions – Private Company
Financial Services
31
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William H Aaronson
32. DLA Piper
ProSiebenSat.1 Media Acquisition of Stake in Sonoma Internet
Strategic Buyer Acquisitions – Private Company
Media
32
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Florian Hirschmann
34. Davis Polk
Sunac China Holdings Limited Consent Solicitation
Bond Repurchase and Exchange Schemes – Repurchase Offers
Real Estate Investment & Services
34
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William F Barron
35. Cahill
Norbord Inc Offering of Senior Secured Notes due 2023
Corporate Bonds – Senior Debt
Construction & Materials
35
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James J Clark
36. Dentons
Faurecia Issuance of Senior Notes due 2022
Corporate Bonds – Senior Debt
Automobiles & Parts
36
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Philippe Max
37. Shearman & Sterling
Petroleos Mexicanos Dual Tranche Securities Offering
Corporate Bonds – Senior Debt
Oil & Gas Producers
37
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Stuart K Fleischmann
38. Cravath
Taylor Morrison Communities High-Yield Senior Debt Offering
Corporate Bonds – Senior Debt
Household Goods & Home Construction
38
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William J Whelan III
39. Cahill
WaveDivision Holdings Offering of Senior Notes due 2020
Corporate Bonds – Senior Debt
Fixed Line Communications
39
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Stuart Downing
40. Ashurst
STADA Arzneimittel AG Issuance of Bonds due 2022
Corporate Bonds – Senior Debt
Pharmaceuticals & Biotechnology
40
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Tobias Krug
41. Cahill
Charter Communications Senior Notes due 2023, due 2025, due 2027
Corporate Bonds – Senior Debt
Media
41
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William M Hartnett
42. Davis Polk
CSX Corporation Registered Offering of Senior Notes due 2050
Corporate Bonds – Senior Debt
Industrial Transportation
42
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Richard D Truesdell Jr
43. Davis Polk
Banco Bilbao Vizcaya Argentaria Colombia Subordinated Notes due 2025
Corporate Bonds – Subordinated Debt
Banks
43
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Maurice Blanco
44. Slaughter and May
International Personal Finance plc Consolidated Senior Notes Issuance
Corporate Bonds – Senior Debt
Financial Services
44
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Mark Dwyer
45. Slaughter and May
Standard Chartered PLC Notes due 2018, due 2020, due 2025
Corporate Bonds – Senior Debt
Banks
45
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Nilufer von Bismarck
46. White & Case
Air France-KLM Issuance of Perpetual Subordinated Bonds - Tap Issuance
Corporate Bonds – Senior Debt
Travel & Leisure
46
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Cenzi Gargaro
47. Shearman & Sterling
Orange Switzerland Issuance of Senior Notes due 2022, due 2023
Corporate Bonds – Senior Debt
Mobile Telecommunications
47
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Apostolos Gkoutzinis
48. Davis Polk
General Mills Issuance of Notes due 2023, due 2027
Corporate Bonds – Senior Debt
Food Producers
48
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John B Meade
49. Simpson Thacher
United Group Issuance of Senior Secured Notes due 2020
Corporate Bonds – Senior Debt
Media
49
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Nicholas J Shaw
50. Simpson Thacher
Doosan Heavy Industries and Construction Co - KEXIM Guaranteed Notes due 2020
Corporate Bonds – Senior Debt
Construction & Materials
50
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Youngjin Sohn
51. Cahill
Carrols Restaurant Group Senior Second Lien Notes due 2022
Corporate Bonds – Senior Debt
Travel & Leisure
51
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James J Clark
52. Simpson Thacher
Blackstone Holdings Finance Issuance of Senior Notes due 2045
Corporate Bonds – Senior Debt
Travel & Leisure
52
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Joshua Ford Bonnie
54. Clifford Chance
The Government of Malaysia Dual Tranche Sukuk Issuance
Islamic Finance Bonds and Sukuk
Public Sector and Sovereign
54
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Qudeer Latif
55. White & Case
Republic of Italy - BTP Italia Retail Offering
Retail Bonds
Public Sector and Sovereign
55
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Paola Leocani
56. Davis Polk
Ingram Micro Inc - Account Receivable-Backed Funding Programme
Securitisation and Structured Finance
Technology Hardware & Equipment
56
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Meyer C Dworkin
57. Linklaters
RBS - UK Real Estate Backed Financing for German Bank
Securitisation and Structured Finance
Banks
57
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Andy Vickery
58. Simpson Thacher
The Export-Import Bank of Korea Floating Rates due 2016
Sovereign and Public Sector Bonds – Development and Export Banks
Banks
58
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Youngjin Sohn
60. Davis Polk
Etsy, Inc NASDAQ Initial Public Offering
Initial Public Offerings – NASDAQ
General Retailers
60
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Sarah K Solum
61. Davis Polk
Virtu Financial NASDAQ Initial Public Offering
Initial Public Offerings – NASDAQ
Financial Services
61
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Michael Kaplan
62. Latham & Watkins
The Government of Pakistan - Sale of Habib Bank Stake
Initial Public Offerings
Banks
62
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Nomaan A Raja
63. Ashurst
Fondul Proprietatea SA Admission to Trading on AIM
Initial Public Offerings - LSE Main Exchange
Equity Investment Instruments
63
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Jonathan Parry
64. Clifford Chance
Serco Group plc - Fully Underwritten Rights Issue
Rights Issues
Support Services
64
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Patrick Sarch
65. Davis Polk
Telefonica SEC-Registered Underwritten Rights Offering
Rights Issues
Mobile Telecommunications
65
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Michael J Willisch
66. Simpson Thacher
Blackstone Mortgage Trust Offering of Class A Common Stock
Secondary Offerings and Placings
Real Estate Investment Trusts
66
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Andrew W Keller
67. Simmons & Simmons
JP Morgan Cazenove/Numis - The Unite Group plc Placing of Shares
Secondary Offerings and Placings
Support Services
67
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Chris Horton
68. Davis Polk
CSPC Pharmaceutical Group Limited Placement of Shares
Secondary Offerings and Placings
Pharmaceuticals & Biotechnology
68
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Paul Chow
69. Simpson Thacher
Nielsen NV Secondary Offering of Common Stock
Secondary Offerings and Placings
Media
69
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Joseph H Kaufman
70. Slaughter and May
SVG Capital plc - Return of Capital via Tender Offer
Secondary Offerings and Placings
Financial Services
70
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Robin Ogle
72. Watson, Farley & Williams
Financing for 60MW Wind Farm, Silute, Lithuania
Project Finance – Renewable Energy (Wind Farms)
Alternative Energy
72
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Stefan Kilgus
73. Clifford Chance
Abertis Infraestructuras Sale of Desarrollo de Concesiones Aeroportuarias
Transfer of Project Assets – Airport Assets
Travel & Leisure
73
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Joel Ziff
75. Simpson Thacher
Financing for ARRIS Group Acquisition of Pace
Acquisition Finance – Public Company Acquisition
Media
75
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Euan Gorrie
76. Davis Polk
Goldman Sachs - Mylan Proposal to Acquire Perrigo Company
Acquisition Finance – Public Company Acquisition
Pharmaceuticals & Biotechnology
76
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Jason Kyrwood
77. Davis Polk
Financing for XPO Logistics Acquisition of Norbert Dentressangle
Acquisition Finance – Private Company Acquisition
Industrial Transportation
77
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Jason Kyrwood
78. Ashurst
Cerberus Capital Management Refinancing of Metro Property Portfolio
Real Estate Finance – Shopping Centres and Retail
General Retailers
78
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Stephan Kock
79. DLA Piper
Aareal Financing for NorthStar Realty European Portfolio Purchase
Real Estate Finance – Office
Real Estate Investment Trusts
79
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Helen Dyer
80. Clifford Chance
Serco Group plc - Refinancing Revolving Credit Facility
Syndicated and Bilateral Loans – Syndicated Loans
Support Services
80
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Steven Fox
81. Cahill
Endemol Shine Group - Term Loan Facilities
Syndicated and Bilateral Loans – Syndicated Loans
Media
81
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Jonathan J Frankel
82. Cravath
JP Morgan - NBA League-Wide Revolving Credit Facility
Syndicated and Bilateral Loans – Syndicated Loans
Travel & Leisure
82
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B Robbins Kiessling
83. Trowers & Hamlins
Financing for Triangle Investments Purchase of the New Oxford Street Estate
Syndicated and Bilateral Loans – Syndicated Loans
Real Estate Investment & Services
83
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Sarah Gooden
84. Simpson Thacher
JP Morgan - Term Loan Facility for Financing for Coty Inc
Syndicated and Bilateral Loans – Syndicated Loans
Personal Goods
84
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James T Knight
85. DLA Piper
Altus Group Limited Amended and Expanded Revolving Credit Facility
Syndicated and Bilateral Loans – Syndicated Loans
Support Services
85
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Eric Belli-Bivar
87. Clifford Chance
IVG Institutional Funds Acquisition of Eurotower, Frankfurt
Real Estate Acquisitions and Disposals – Office
Real Estate Investment & Services
87
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Christian Kellich
88. Linklaters
Brookfield Property Partners Acquisition of Unitech Indian Portfolio
Real Estate Acquisitions and Disposals
Real Estate Investment & Services
88
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Narayan Iyer
89. Ashurst
RFR Holding Acquisition of Kurfurstendamm 28, Berlin
Real Estate Acquisitions and Disposals - Office
Real Estate Investment & Services
89
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Liane Muschter
90. Fladgate
Sale of Hoole Hall Hotel and Spa, Chester
Real Estate Acquisitions and Disposals - Hotels
Travel & Leisure
90
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Julian Lewis
91. Simpson Thacher
Blackstone Real Estate Partners Acquisition of UK Logistics Assets
Real Estate Acquisitions and Disposals - Warehouses
Real Estate Investment & Services
91
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Wheatly MacNamara
92. Dentons
Aventicum Capital Management Purchase of the Mozaika Mokotow and sPlace,
Warsaw
Real Estate Development
Real Estate Investment & Services
92
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Tomasz Stasiak
93. Linklaters
AustralianSuper Acquisition of Interest in King's Cross Project, London
Real Estate Development – Mixed Use
Real Estate Investment & Services
93
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Mike Bienenfeld
94. Dentons
John Lewis Partnership Redevelopment of Clearings Site, Chelsea
Real Estate Development – Shopping Centre
Real Estate Investment & Services
94
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Richard Budge
95. • Alternative Energy…………………………………..72
Automobiles & Parts………………………………36
Banks………………………………….43, 45, 57, 58, 62
• Chemicals………………………………………….6, 12
• Construction & Materials…………………..25, 35 , 50
• Electricity……………………………………………..18
• Equity Investment Instruments…………………….63
• Financial Services………., 21, 22, 23, 31, 44, 52, 61,70
• Fixed Line Telecommunications……….…………...39
• Food Producers………………………………………48
• General Industrials…...……………………………….9
• General Retailers……………….……………27, 60, 78
• Household Goods & Home Construction………...38
• Industrial Engineering………………………...…….10
• Industrial Transportation……………………….42, 77
95
• Media……………..……….28, 30, 32, 41, 49, 69, 75, 81
• Mining ……………………………………………13, 29
• Mobile Telecommunications………………..47, 53, 65
• Nonlife Insurance…………………..……………11, 26
• Oil & Gas Producers.…………………………… 24, 37
• Personal Goods……………………………………....84
• Pharmaceuticals and Biotechnology.……....40, 68, 76
• Public Sector…………………………….……19, 54, 55
• Real Estate Invest./Services.,,34, 83, 87, 88, 89, 91-94
• Real Estate Investment Trusts……….………....66, 79
• Software & Computer Services…………….14, 17, 20
• Support Services…………………………64, 67, 80, 85
• Technology Hardware & Equipment…….….…….56
• Travel & Leisure……....…5, 7, 8, 15, 46, 51, 73, 82, 90
Index by Industry