London, November 28, 2008—Shearman & Sterling has advised Abu Dhabi investors on their subscription of £3.25 billion mandatorily convertible notes, reserve capital instruments and warrants in Barclays plc. The investment is part of the approximately £7 billion Barclays capital raising, which closed on November 27.
The Shearman & Sterling team was led by partners Philip Dundas (Abu Dhabi-Project Development & Finance), Laurence Levy (London-M&A) and Tim Pick (Abu Dhabi-Project Development & Finance), and included partners Patrick Clancy (London-Finance), Kenneth Lebrun (Tokyo-M&A), Barney Reynolds (London-Finance), Josanne Rickard (London-Litigation), Bradley Sabel (New York-Asset Management), Iain Scoon (London-Tax) and Thomas Wilner (Washington-Litigation), counsel Mei Lian (London-Finance) and Robert LaRussa (Washington-Litigation), Etienne Gelencser (Tokyo-Project Development & Finance) and associates Simon Cliff (London-M&A), Malcolm McKinnon (London-Finance), Fryderyck Holc (Abu Dhabi-Project Development & Finance), Azad Ali (London-Financial Institutions Advisory), Laura Rich (London-M&A), James Brilliant (London-Financial Institutions Advisory), John Delamere (London-Finance), Carine Stoffels (London-Tax), Nicola Liddle-Peters (London-M&A), Justin Harrison (Washington-Litigation) and trainees Suzanne Szczetnikowicz (Abu Dhabi-Finance), Victoria Gillam (London-Finance) and Elen Davies (London-Project Development & Finance).
Shearman & Sterling’s M&A lawyers have been involved in some of the most significant global transactions of the year. The firm was ranked first in the world for its US-announced finance/banking deals (January–September 2008) with 9 deals worth nearly $500 billion, according to FactSet. It was third in globally announced financial services M&A, with 13 deals worth $80.5 billion (Mergermarket).
The International Who’s Who of Project Finance Lawyers 2007 confirmed Shearman & Sterling’s reputation as a “project finance powerhouse” and noted the contribution of partners Philip Dundas and Tim Pick in Abu Dhabi.
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