Whenever a U.S. firm is named lead counsel in a bid for a major British company, the market takes note. Skadden, Arps, Slate, Meagher & Flom's role representing Qatari investment fund Delta 2 on its $24 billion offer for British supermarket chain J Sainsbury Plc has been London's most high-profile M&A assignment of recent weeks. Earlier this year, the chain was the subject of an approach by a private equity consortium led by British buyout house CVC Capital Partners, which was advised by Clifford Chance.
Skadden Enjoys U.K. Spotlight as High-Profile M&A Counsel
The American Lawyer
July 30, 2007