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Leading firms take top roles on Virgin Media mega deal

By James Barnes

07 February 2013 at 12:46 BST

A raft of global law firms took starring roles as US cable giant Liberty Global completed the $23.3bn (£14.9bn) purchase of Virgin Media yesterday.

Virgin Media: acquired by Liberty Global Mtaylor848

According to Legal Week, the cash and stock merger will create the world's largest broadband communications company covering 25 million customers in 14 countries, subject to regulatory and stockholder approval.
New York firm Shearman & Sterling and Boston’s Ropes & Gray led the Liberty Global team alongside financial advisers LionTree and Credit Suisse.

Magic circle

Virgin Media was advised by New York heavyweights Milbank Tweed Hadley & McCloy and Fried Frank, alongside financial advisers Goldman Sachs and JP Morgan.
Other firms involved in the deal included Anglo-US player Hogan Lovells (advising Liberty Global), London magic circle firm Allen & Overy and Los Angeles firm Latham & Watkins (both acting for the arranging banks: Credit Suisse, BNP Paribas, Barclays, Deutsche Bank and Bank of America Merrill Lynch).


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