Deals of the week - June 4 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 2025

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

Deals of the week - June 4 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$3.08 billion

CGI Group

Logica

Sullivan & Cromwell - Michael McGowan

Freshfields

Acquisition

$900 million

Marfrig

Cargill

Lefosse

Acquisition

$600 million

Jackson National Life Insurance

Swiss Re (REALIC)

Skadden, Arps, Slate, Meagher & Flom

Sullivan & Cromwell

Acquisition

$220 million

AngloGold Ashanti

Kinross Gold (Crixas gold mine)

Stikeman Elliott

Spin-Off

Sears Canada

Sears Holdings Corporation

Torys

Osler, Hoskin & Harcourt / Simpson Thacher & Bartlett

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Senior Notes Offering

$1.25 billion

Covidien

BNP Paribas / Citigroup / Deutsche Bank

Gibson, Dunn & Crutcher

Davis Polk & Wardwell - Michael Mollerus

Initial Public Offering

$1.02 billion

PIMCO Dynamic Income Fund

Morgan Stanley / Citigroup / Merrill Lynch / UBS / Wells Fargo

Ropes & Gray

Davis Polk & Wardwell - Rachel Kleinberg

Notes Offering

$500 million

Energizer

Goldman Sachs / J.P. Morgan / Merrill Lynch

Bryan Cave

Davis Polk & Wardwell - Samuel Dimon

Senior Secured Notes Offering

$250 million

Momentive Performance Materials

J.P. Morgan

Paul, Weiss, Rifkind, Wharton & Garrison

Davis Polk & Wardwell

Share Offer

$200 million

Ten Network

Citigroup

Freehills / Sidley Austin

King & Wood Mallesons

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