Firm helps Carlyle Group win preferred bidder status; Herbert Smith, Simmons & Simmons also in on deal
September 11, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) has helped client US investment house Carlyle Group win preferred bidder status in the politically sensitive £250m privatisation of the defence research business, QinetiQ.
Carlyle Group beat off competition from 40 bidders in the auction to enter negotiations to buy a minority stake in QinetiQ, which is being advised by its in-house team alongside a team from Herbert Smith, led by corporate partner Stephen Rayfield and project partner Adrian Clough.
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