Deals of the week - August 27 2012

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

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

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

Deals of the week - August 27 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$7.3 billion

Aetna

Coventry Health Care

Jones Day / Davis Polk & Wardwell

Wachtell, Lipton, Rosen & Katz - Deborah Paul

Merger

$3.7 billion

Hudson City Bancorp

M&T Bank Corporation

Sullivan & Cromwell

Wachtell, Lipton, Rosen & Katz - Joshua Holmes

Merger

$2.3 billion

Hertz Global Holdings

Dollar Thrifty Automotive

Cravath, Swaine & Moore / Debevoise & Plimpton / Jones Day

Cleary Gottlieb Steen & Hamilton - Jason Factor

Acquisition

$1.2 billion

Pacific Industrial Services BidCo

Spotless

Gilbert + Tobin

Clayton Utz

Acquisition

$1 billion

Bain Capital Partners

Genpact

Ropes & Gray

Cravath, Swaine & Moore / Nishith Desai Associates

Acquisition

$577 million

Silver Lake

Global Blue Luxembourg Holdings

WongPartnership

Weil, Gotshal & Manges

Joint Venture

$337 million

SK Innovation

Continental AG

Kim & Chang / WongPartnership

Acquisition

$285 million

FMC Technologies

Pure Energy Services

Stikeman Elliott - Douglas Richardson / Vinson & Elkins

Blake, Cassels & Graydon

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes Offering

$3 billion

Rio Tinto

HSBC / Morgan Stanley / RBS / BNP Paribas / RBC / SG Americas / Standard Chartered

Davis Polk & Wardwell - John Paton

Notes Offering

$2.5 billion

PepsiCo

Citigroup / Morgan Stanley / RBS

Davis Polk & Wardwell - Avishai Shachar

Jones Day

Subordinated Notes Offering

$2 billion

UBS AG

UBS Securities / Citigroup / Goldman, Sachs / J.P. Morgan / Merrill Lynch / Morgan Stanley / RBS / Wells Fargo

Davis Polk & Wardwell - John Paton

High-Yield Notes Offering

$1.2 billion

Continental Resources

Merrill Lynch

Latham & Watkins

Davis Polk & Wardwell - Michael Mollerus

Notes Offering

$750 million

ICICI Bank

Citigroup / HSBC / J.P. Morgan / Merrill Lynch / Standard Chartered

Davis Polk & Wardwell - Alon Gurfinkel

Senior Notes Offering

$500 million

Moody's

Citigroup / Merrill Lynch

Gibson, Dunn & Crutcher

Davis Polk & Wardwell - Michael Mollerus

Dribble-Out Offering

$500 million

Westar Energy

BNY Mellon

Davis Polk & Wardwell

Hunton & Williams

more across site & shared bottom lb ros

More from across our site

PwC Australia’s response to its tax leaks scandal could give KPMG a useful case study, but so far there’s little sign of positive lessons learned
Tom Goldstein’s attempt to overturn his tax conviction was shot down; in other news, Deloitte promoted several tax partners in Italy
The tax advisory firm becomes the latest member of the Andersen Global network, which has more than 50,000 professionals worldwide
A revised Chapter VII signals a move away from mechanical TP approaches, stressing transaction understanding, functional analysis and context-driven documentation requirements
HMRC’s growing focus on evidencing tax decisions is shifting attention from technical accuracy to governance, requiring businesses to demonstrate how positions were reached and documented
Australia’s Department of Finance will also commission an independent review of KPMG’s governance, culture, ethics and integrity frameworks, it has revealed
In the second instalment of this two-part series, Jayne Stokes takes a practical approach to navigating the capital v revenue question for UK R&D claims for software development, and shares pointers for businesses
ITR's latest podcast considers how transformational the buyout could be in Ryan's quest for global advisory reach and analyses a recent boom in demand for private client advisory services
The event comes at an important moment for professionals dealing with practical realities related to this practice area
Germany’s dogmatic restriction of third-party investment in tax advisory firms will only serve to slow down innovation and access to justice
Gift this article