Deals of the week - May 14 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 - May 14 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$7.2 billion

DBS Group

Danamon

WongPartnership

Allen & Gledhill

Acquisition

$750 million

Marathon Oil

Paloma Partners

Jefferies & Co / Baker & McKenzie

Baker Botts - Matthew Larsen

Acquisition

$320 million

VINCI Energies

EVT

Bolze

Merger

$318 million

Hilltop Holdings

PlainsCapital

Wachtell, Lipton, Rosen & Katz - Joshua Holmes

Sullivan & Cromwell - Ronald Creamer

Acquisition

$120 million

CaixaBank

BPI

Uría Menéndez

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes Offering

$2.5 billion

Diageo

Citigroup / Credit Suisse / Deutsche Bank / HSBC / Morgan Stanley / Nomura / RBS

Sullivan & Cromwell / Slaughter & May / Morton Fraser

Davis Polk & Wardwell - John Paton, Sarah Joy

Notes Offering

$2.5 billion

Devon Energy

Goldman Sachs / Morgan Stanley

Skadden, Arps, Slate, Meagher & Flom

Davis Polk & Wardwell - Lucy Farr, Juelle Gomes

Credit Facilities

$980 million

MSCI

Davis Polk & Wardwell - Michael Mollerus

Senior Notes Offering

$500 million

Bank of Ceylon

Citigroup / Hongkong and Shanghai Banking Corporation / Merrill Lynch

Allen & Overy / Nithya Partners

Davis Polk & Wardwell - John Paton, Alon Gurfinkel, Sarah Joy / Julius & Creasy

Subordinated Notes Offer

$500 million

NAB

NAB

King & Wood Mallesons - David Wood

Perpetual Capital Securities Issue

$239 million

Ascendas

DBS / Citigroup / Credit Suisse

WongPartnership

Allen & Gledhill

Initial Public Offering

$194 million

Bumitama Agri

DBS / HSBC

Stamford

WongPartnership

more across site & shared bottom lb ros

More from across our site

But partners at the firm admit that jumping ship to the US would not be as easy as some believe
Governments are rewriting tax policy for the AI era, deploying digital taxes, tailored incentives and algorithmic enforcement that redefine where value is created
Wingrove will succeed Bill Thomas, who has served in the role since 2017; in other news, Andersen unveiled a sharp increase in revenues for 2025
Partners are divided on Italy vs PDM D’s analytical depth, evidentiary standards, and what the judgment signals for future intra-group financing cases
As GCCs increasingly become strategic hubs, multinationals face heightened risks around permanent establishment and place of effective management
While all options presented ‘drawbacks’, European Commission tax leader Wopke Hoekstra said the controversial US carve-out deal has ‘many benefits’
From tech preparations to competitiveness concerns, Tax Systems’ Russell Gammon addresses the most pressing client considerations arising from the SbS deal
Despite estimates that the US/OECD agreement will cost countries billions, the Fair Tax Foundation’s Paul Monaghan believes the deal is a ‘necessary evil’
The firm’s eye-catching UK launch is a major statement of intent, but it will face stern opposition in its quest to be the top global tax player
The postponement came after industry representatives flagged implementation issues with the registration regime; in other news, firms made key tax partner additions
Gift this article