Clyde & Co and Slaughters advise on £100m Tata Steel sale

Clyde & Co and Slaughter and May have advised Tata Steel on the sale of its South Yorkshire steelworks business for £100m to Liberty House in a deal that could save 1,700 jobs.

Clydes advised Liberty House Group on the purchase, led by partner Simon Vere Nicoll and assisted by legal director Richard Elks and associate James Richards.

The privately owned group, led by Indian-born entrepreneur Sanjeev Gupta, said the deal would secure “thousands more jobs” in the supply chain and regional economy.

The Slaughter & May team advising Tata Steel was led by corporate partner Gary Eaborn, with support from associate Claire Jackson.

In other recent M&A news, Slaughters bagged a role alongside four US and Swiss firms on Johnson & Johnson’s $30bn acquisition of Actelion last month.

Meanwhile in the UK real estate world, Clyde & Co was among several firms to win a spot on property regeneration business U+I’s first legal panel following its merger with Development Securities PlC and Cathedral Group.

DAC Beachcroft has replaced King & Wood Mallesons (KWM) on the Royal London mutual insurance society panel. The appointment comes as a result of DAC’s recent hire of former counsel at KWM Helen Murcott, who held the relationship with the company at her old firm.

Clifford Chance has been instructed by Battersea Power Station Development Company on its £1bn phase two and three redevelopment in London. The work is being led by Clifford Chance head of UK real estate development Marianne Toghill, who is supported by senior associates Anna Cornelius, Laurelle Ko and associate Adam Waite.

Clifford Chance and Devonshires solicitors have advised London housing association L&Q on its landmark £500m bid for private land business Gallagher  Estates. Global head of real estate at CC Jonathan Solomon, Devonshires partner Neil Toner and consultant Andrew Crawford advised on its proposed acquisition.

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