Cleary Gottlieb won both the National Award for France and Debt and Equity-linked Deal of the Year at the 2008 International Financial Law Review’s European Awards Night. The honors were presented at a dinner on March 19, 2008 at The Dorchester, London.
Cleary Gottlieb earned IFLR’s National Award for work done in France in 2007. French transactions that Cleary Gottlieb worked on in 2007 include the representation of Paris-listed Euronext NV in its merger-of-equals with NYSE Group Inc. to create the first transatlantic securities exchange company, the €2.6 billion capital increase of Veolia Environnement (the largest French equity transaction of 2007), and the acquisition of Hagemeyer by Rexel (following Cleary Gottlieb’s work on Rexel’s IPO, one of the largest in France in 2007).
The firm also received the award for Debt and Equity-linked Deal of the Year for its representation of Deutsche Bank in its innovative €200 million offering of callable floating rate contingent capital notes 2007/2012. These straight bonds can be exchanged at the discretion of Deutsche Bank into noncumulative trust preferred securities that qualify for inclusion in its Tier 1 regulatory capital.
Published by Euromoney, IFLR has been published for more than 25 years and is uniquely devoted to covering the law of global capital markets, M&A, finance, and financial regulation.