Dewey & LeBoeuf has fielded a large cross-border team advising drinks company CEDC on its $1.2bn (£736m) high yield financing and equity acquisition of Russian Alcohol Group (RAG).

After entering into a joint venture agreement with vodka producer RAG in spring 2008, CEDC has now agreed to buy out RAG via a $310m (£191m) US stock offering and a $950m (£583m) dual offering of euro and dollar senior secured high yield notes.