Freshfields Hires Cleary’s Klingsberg in Push for U.S. M&A

<-bsp-bb-link state="{"bbHref":"bbg://securities/1002L%20LN%20Equity","_id":"0000016e-0560-d862-a16e-8d66c62d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Freshfields Bruckhaus Deringer LLP has hired M&A lawyer Ethan Klingsberg to lead its push to join the top tier of U.S. dealmaking advisers.

Klingsberg and three members of his team at <-bsp-bb-link state="{"bbHref":"bbg://securities/1138L%20US%20Equity","_id":"0000016e-0560-d862-a16e-8d66c62e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Cleary Gottlieb Steen & Hamilton LLP are joining Freshfields in New York, the firm said Friday in a <-bsp-bb-link state="{"bbDocId":"PZXK3OMEQTXC","_id":"0000016e-0560-d862-a16e-8d66c62e0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement.

At Cleary where he was a partner, Klingsberg’s work included advising insurer XL Group Ltd. in its $15.2 billion acquisition last year by Axa SA, according to data compiled by Bloomberg. The previous year, he advised Staples Inc. on its $6.2 billion sale to <-bsp-bb-link state="{"bbHref":"bbg://securities/9875574Z%20US%20Equity","_id":"0000016e-0560-d862-a16e-8d66c6310003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Sycamore Partners LLC. ...