December 22, 2011 6:04 PM
Firms Bulk Up on Bank of Ireland, HSBC Asset Sales
Posted by Brian Baxter
Goodwin Procter and three British law firms have landed roles on a pair of asset sales by global banks repositioning themselves before the new year kicks off.
Bank of Ireland, which avoided an Irish government takeover this year by selling a minority stake to an investor group, is selling its Burdale Financial unit to Wells Fargo for about $900 million.
Ashurst financial institutions partner James Perry and senior associate Alex Lewis are advising Wells Fargo on the transaction. The British firm has handled corporate work San Francisco–based Wells Fargo in the past.
Last week, Ashurst advised Crédit Agricole on the sale of the French bank’s private equity unit to London-based buyout firm Coller Capital in a deal valued at about $390 million.
James Strother serves as general counsel of Wells Fargo, which in addition to its banking operations is one of the largest mortgage lenders in the U.S. (Several attorneys, including Brobeck, Phleger Harrison alum Enrique Hernandez, Federico Peña, Cynthia Milligan, and Read More from the Article Source: Full Article
