Deals of the week - January 13 2014

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 week - January 13 2014

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes offering/accelerated share repo

$2 billion

FedEx Corporation

JP Morgan Securities; Goldman, Sachs; Morgan Stanley; Merrill Lynch, Pierce, Fenner & Smith; Citigroup

Davis Polk & Wardwell - Mario Verdolini, Leslie Altus, Ankur Dalal

Simpson Thacher & Bartlett

Primary placing of H shares

$759 million

China Oilfield Services (CNOOC)

China International Capital; Credit Suisse; JP Morgan; Goldman Sachs; Morgan Stanley

Davis Polk & Wardwell; KangDa Law Firm; Freshfields Burckhaus Deringer

Zhong Yin Law Firm

Acquisition financing

$325 million

XPO Logistics & 3PD

Credit Suisse Securities

Wachtell Lipton Rosen & Katz

Davis Polk & Wardwell

Incremental facility

$300 million

Verint Systems

Credit Suisse Securities; Deutsche Bank Securities

Jones Day

Davis Polk & Wardwell - Kathleen Ferrell

Common stock offering

$192 million

Kennedy-Wilson Holdings

Deutsche Bank Securities

Latham & Watkins; Kulik, Gottesman & Siegel

Davis Polk & Wardwell - Lucy Farr, Juelle Gomes

Secondary common stock offering

$163 million

Groupon (LivingSocial)

Morgan Stanley

Winston & Strawn; Cooley

Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang

Senior notes offering

$150 million

K Hovnanian Enterprises

Credit Suisse Securities; JP Morgan Securities

Simpson Thacher & Bartlett

Davis Polk & Wardwell - Lucy Farr, Adam Perry

Acquisition financing

Undisclosed

Platinum Equity

Merrill Lynch, Pierce, Fenner & Smith; Credit Suisse Securities

Wilkie Farr & Gallagher

Davis Polk & Wardwell - Rachel Kleinberg, Vinay Prabhakar

more across site & shared bottom lb ros

More from across our site

The reduction would still ‘leave room’ for pillar two and further reductions would be possible, one expert tells ITR
Funding from private equity house EQT will propel WTS Germany to compete with the ‘big four’, the firm’s leaders told ITR in an extensive interview
New Zealand is bucking the trend of its international counterparts with its investment-friendly visa approach. Here’s what high-net-worth investors need to know
However, nearly 10% of reports only disclosed activities in tax havens, according to the Fair Tax Foundation; in other news, Plante Moran sealed a US east coast merger
While pillar one is still alive, it will apply to a smaller group of companies, Brian Foley also told ITR
Tax teams that centralise and automate their pillar two data will have a much easier time during reporting season, says Hank Moonen, CEO of TaxModel
While GCCs drive efficiency for multinationals, they also present a host of TP risks that should be considered carefully
PwC Ireland has also called for simplifying Ireland’s tax code and a reduction in its capital gains tax in a pre-budget submission
Effective audit management requires more than documentation; it’s the way taxpayers engage that can shape audit direction, manage procedural ambiguity, and preserve options for appeal or litigation
American advisers are falling short of client expectations when it comes to providing value-added services, but remaining tight-lipped won’t make the problem go away
Gift this article