US ally aids Olswang's hedge fund dealby Caroline Binham
27-June-2007
The alliance with Greenberg Traurig gifted Olswang a key role on the landmark $3.4bn (£1.7bn) reverse takeover of hedge fund and Chadbourne & Parke client GLG Partners.
Olswang's US ally Greenberg was already an adviser to shell company Freedom, which, when it floated last year on the New York Stock Exchange (NYSE) and raised $528m (£265m), was the largest flotation of a special-purpose acquisition company (Spac).
Olswang won instruction on the reverse takeover of GLG through an introduction from Greenberg's New York head of corporate Alan Annex. Both firms worked on the deal for Freedom, with head of corporate Tony Leifer leading the Olswang team. Chadbourne's New York-based corporate partner Alejandro San Miguel led for GLG, heading a ten-partner team.
Leifer told The Lawyer: "We were working mostly with US lawyers in a UK context and the blend of concepts was exciting."
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