Jones Day Advises on $1.3 Billion International Deal
ATLANTA, GA (October 21, 2009) - A team of lawyers from Jones Day is advising MPS Group, Inc. (NYSE:MPS), a leading provider of specialty staffing, consulting and business solutions, on its approximately $1.3 billion acquisition by Zurich, Switzerland-based Adecco Group (SIX: ADEN-VX) (Euronext: ADE), a Fortune Global 500 Company and the world's leading provider of human resource solutions.
The transaction is expected to close in the first quarter of 2010 and is subject to MPS Group shareholder approval, antitrust clearance and certain other regulatory approvals and closing conditions. The transaction is not subject to a financing contingency and will be financed with Adecco's current cash resources as well as existing financing capabilities.
Timothy Mann, Jr., a partner in the Atlanta office, led the Jones Day team. The team consisted of the following attorneys:
M&A
Atlanta:
Tim Mann (Partner)
John Zamer (Partner)
Brendon Durkin (Associate)
Daniel Fishbein (Associate)
James Hsiung (Associate)
Marla Nicholson (Associate)
Heith Rodman (Associate)
New York:
Marilyn Sonnie (Partner)
London:
Greg Vincent (Associate)
Employee Benefits & Executive Compensation
Atlanta:
Rory Lyons (Partner)
Arthur Kent (Counsel)
Sara Hanig (Associate)
Finance
Atlanta:
Doug Gosden (Partner)
Antitrust
London:
Frances Murphy (Partner)
Tom Bainbridge (Associate)
Washington:
Bevin Newman (Partner)
Michael Gleason (Associate)
Governmental Regulation
Washington:
Peter Garvin (Partner)
Also working on the deal were Gregory D. Holland, MPS Group's Senior Vice President and Chief Legal Officer and local counsel in Florida, Daniel B. Nunn, Jr. of Fowler White Boggs.
Jones Day ranked #1 globally in M&A league tables for the third quarter of 2009, a position it has maintained in both the Thomson and Bloomberg tables every quarter since year-end 2000. M&A is the Firm's second largest practice, with more than 400 professionals around the world.
Jones Day is an international firm with 32 offices in business and finance centers throughout the world. The Firm has more than 2,400 lawyers, including more than 200 in Asia and 400 in Europe, making it one of the largest firms in the world. Jones Day acts as principal outside counsel to, or provides significant legal representation for, more than half of the Fortune Global 500 companies.
Related Links