Deals of the month

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Deals of the month



Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquistion

$10.4 billion

Vantiv Inc

Worldpay Group (United Kingdom)

Skadden, Arps, Slate, Meagher & Flom

Allen & Overy

Acquisition

$5.2 billion

Walgreens Boots Alliance

Rite Aid Corporation (Sale of 2,186 stores, related distribution assets and inventory)

Sidley Austin; Weil, Gotshal & Manges

Skadden, Arps, Slate, Meagher & Flom (Chase Wink); Jones Day

Acquisition

$2.8 billion

Internet Brands

WebMD Health Corp

Simpson Thacher & Bartlett (Rob Holo and Sophie Staples)

Shearman & Sterling (Ethan Harris and Ryan Au)

Acquisition

$2.2 billion (approx.)

A wholly owned subsidiary of Royal Philips Holding USA Inc

The Spectranetics Corporation

Sullivan & Cromwell (Eric Wang and Michelle Lu)


Acquisition

$2.6 billion

Liberty Interactive

HSN

Baker Botts

Davis Polk & Wardwell (David H Schnabel)

Acquisition

$2.3 billion (approx.)

L1 Retail

Holland & Barrett Retail (part of the Carlyle Group)

Jones Day

DLA Piper (Holland & Barret); Latham & Watkins (Carlyle Group)

Acquisition

$1.6 billion

Key Safety Systems Inc

Takata Corporation (Japan)

Skadden, Arps, Slate, Meagher & Flom (Stuart Finkelstein)

Nagashima Ohno & Tsunematsu; Weil, Gotshal & Manges

Acquisition

$1.4 billion (approx.)

Newly formed company controlled by KKR and Walgreens Boots Alliance

PharMerica Corporation

Simpson Thacher & Bartlett; Weil, Gotshal & Manges

Davis Polk & Wardwell (Rachel Kleinberg)

Acquistion

$1.4 billion

Michael Kors Holdings

Jimmy Choo

Slaughter and May (Sara Luder); Paul, Weiss, Rifkind, Wharton & Garrison

Freshfields Bruckhaus Deringer

Acquistion

$1.4 billion

Atlantic Broadband (a subsidiary of Cogeco Communications)

Harron Communications LP's MetroCast cable systems

Stikeman Elliott; Kirkland & Ellis

Morgan, Lewis & Bockius

Acquisition

$1.4 billion (approx.)

Red Ventures Holdco

Bankrate

Simpson Thacher & Bartlett

Wachtell, Lipton, Rosen & Katz

Acquisition

$1.2 billion (approx.)

LabCorp

Chiltern International

Hogan Lovells; Nixon Peabody

Hughes Hubbard; Macfarlanes

Acquisition

$1.2 billion (approx.)

The Washington Companies

Dominion Diamond Corporation

Skadden, Arps, Slate, Meagher & Flom (Dean Kraus and Lindsay Gwyer); Blake, Cassels & Graydon

Stikeman Elliott

Acquisition

$1.2 billion (approx.)

H&E Equipment Services Inc

Neff Corporation

Dechert

Akin Gump Strauss Hauer & Feld

Acquisition

$1.1 billion (approx)

Mitsubishi Tanabe Pharma Corporation

NeuroDerm

Davis Polk & Wardwell

White & Case; Meitar Liquornik Geva Leshem Tal

Acquisition

$1 billion

Bertelsmann SE & Co KGaA

Penguin Random House (22% stake from Pearson)

Davis Polk & Wardwell (Ethan R Goldman and Aliza Slansky); Slaughter & May (Tony Beare)

Freshfields Bruckhaus Deringer (Paul Davison); Morgan Lewis & Bockius (Richard Zarin)

Acquisition

$850 million

The Sage Group

Intacct Corporation

Skadden, Arps, Slate, Meagher & Flom (Nathan Giesselman)

Fenwick & West (Will Skinner and Michael Knobler)

Type of Deal

Value

ssuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Senior notes offering

$7 billion

Morgan Stanley


Davis Polk & Wardwell (Po Sit, Lucy Farr and Andrew Smith); Sidley Austin (Nicholas Brown and Joshua Lingerfelt)


Notes offering

$4.25 billion

Sumitomo Mitsui Financial Group


Davis Polk & Wardwell (John Paton, Alon Gurfinkel and Omer Harel)


Senior notes offering

$2.25 billion

General Motors Financial Company

AmeriCredit Financial Services

Davis Polk & Wardwell (Lucy Farr and Gil Savir)


Notes offering

$1.5 billion

Baidu


Skadden, Arps, Slate, Meagher & Flom





more across site & shared bottom lb ros

More from across our site

The threat of 50% tariffs on Brazilian goods coincides with new Brazilian legal powers to adopt retaliatory economic measures, local experts tell ITR
The country’s chancellor appears to have backtracked from previous pillar two scepticism; in other news, Donald Trump threatened Russia with 100% tariffs
In its latest G20 update, the OECD also revealed tense discussions with the US where the ‘significant threat’ of Section 899 was highlighted
The tax agency has increased compliance yield from wealthy individuals but cannot identify how much tax is paid by UK billionaires, the committee also claimed
Saffery cautioned that documentation requirements in new government proposals must be limited if medium-sized companies are not exempted from TP
The global minimum tax deal is not viable without US participation, Friedrich Merz has argued
Section 899 of the ‘one big beautiful’ bill would have spelled disaster for many international investors into the US, but following its shelving, attention turns to the fate of the OECD’s pillars
DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
Tax expert Craig Hillier agrees with the comparison of pillar two to using a sledgehammer to crack a nut
The amount is reported to be up 57% from the £5.6bn that the UK tax agency believes was underpaid in the previous year
Gift this article