U.K. service co. asked lenders to waive leverage covenant on its loans. * Request was made at lender meeting in London yesterday * Co. and owner Charterhouse Capital have hired Rothschild and Allen & Overy as advisers; Houlihan Lokey and Freshfields Bruckhaus Deringer are advising senior lenders * Information from a person familiar with the matter, who asked not to be identified because the deal is private * Gary Sunderland, the head of information resources at Charterhouse, declined to comment on the waiver and appointments * NOTE: Feb. 20: Co. breaches leverage covenant at December test date after ratio rises to 7.97x * NOTE: Jun. 7: Charterhouse paid GBP13m to lower co.’s debt ratio after ratio of debt to Ebitda reached 7.8x compared with 7.5x limit
Singapore may introduce a minimum price for mainboard shares and impose rules on collateral for some trades after a slump in the stocks of three companies erased $6.9 billion in market value over three days in October.
Weil, Gotshal & Manges LLP represented Lenovo Group Ltd. in its purchase of Google Inc.’s Motorola Mobility phone unit for $2.91 billion. Cleary Gottlieb Steen & Hamilton LLP advised Google on the deal.
Mark Shelton, formerly UBS AG’s Americas general counsel and global head of investigations, is joining Gibson, Dunn & Crutcher LLP in New York. He will practice financial institutions law with a focus on banking regulation and investigations.
Liberty Global Plc, the company controlled by billionaire John Malone, agreed to fully take over Dutch broadband provider Ziggo NV for 4.9 billion euros ($6.7 billion) to cement its dominance in Europe’s cable industry.
Deutsche Bank AG, Europe’s biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest- rate rigging scandal, according to a person with knowledge of the matter.
Clifford Chance LLP and Allen & Overy LLP, two of the U.K.’s highest-grossing law firms, saw single- digit increases in both profit and revenue following expansions into emerging markets such as China, Turkey and Indonesia.