Deals Roundup

1. Clifford Chance has advised Allegro, a Polish e-commerce business, on its listing on the Warsaw Stock Exchange. The company, valued at approximately $11.2bn, was acquired by Private Equity houses, Cinven Permira and Mid Europa in 2016 for $3.25bn from Naspers. Clifford Chance relied on an international team on the IPO led by Adrian Cartwright in London and Agnieszka Janicka in Warsaw. Allen & Overy acted for the underwriters of the IPO and its team was led by Adam Wells, James Roe and Paul Peporte.

2. Allen & Overy advised TP ICAP on its acquisition of Liquidnet Holdings which is set to close for a cash consideration of $525m. Liquidnet is an electronic trading network with a particular focus on cash equities and fixed income. It was advised by Sullivan & Cromwell. The deal will allow TP ICAP to develop as a global broker whilst improving the shift to electronic trading between a range of asset classes. A&O was appointed as one of the lead firms on TP ICAP panel review last year in October alongside Linklaters and Slaughter & May.

3. Pinsent Masons acted for SecureEnergy, the joint venture (JV) between Clough Group and Elecnor on their winning bid to construct a A$1.5bn grid project for Transgrid, an Australian electricity network company. The JV will build an energy interconnector between the power grids of New South Wales (NSW) and South Australia (SA), with an added connection to Victoria. The project will allow the free flow of electricity between NSW and SA for the first time in Australia’s history and allow increased capacity for renewable generation.

4. Dentons strengthened its position in Colombia by opening an office in Medellín. It’s the firm’s second office in the country following the one in Bogotá. The Medellín office will focus on corporate, litigation and dispute resolution and service an area that accounts for nearly 15% of Colombia’s $323 billion economy. Despite COVID-19, Dentons has continued to pursue its expansion strategy by opening 22 new offices in 2020. The firm has a strong presence in South America with offices in 25 countries in the continent.

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