Deals of the week - April 2 2012

April 01 2012

Type of Deal	Value	Acquirer	Target	Adviser to acquirer (tax)	Adviser to target (tax)
All-share Merger	$61.9 billion	Xstrata	Glencore International	King & Wood Mallesons	King & Wood Mallesons
Acquisition	$2 billion	Guggenheim Baseball Management	Los Angeles Dodgers	Foley & Lardner	Sullivan & Cromwell
Strategic Partnership	$2 billion	Mubadala Development	EBX Group	Shearman & Sterling	Davis Polk & Wardwell - Kathleen Ferrell, Michelle Messer, Arie Rubenstein
Acquisition	$681.7 million	PetroChina	Athabasca Oil Sands (MacKay River)	Stikeman Elliott
Acquisition	$500 million	Bausch & Lomb	ISTA Pharmaceuticals	Cleary Gottlieb Steen & Hamilton	Davis Polk & Wardwell / Greenhill & Co.
Acquisition	$380.2 million	ISPT	CFS Retail Property Trust	Holding Redlich	King & Wood Mallesons
Acquisition	$173 million	Monitise	Clairmail	Sullivan & Cromwell
Type of Deal	Value	Issuer/Borrower	Lead managers/arrangers	Adviser to issuer/borrower (tax)	Adviser to lead managers (tax)
Senior Five-Year Revolving Credit Facility	$1.5 billion	Aetna	J.P. Morgan / Citigroup / Merrill Lynch	Davis Polk & Wardwell	Cravath, Swaine & Moore
Ordinary Shares Offering	$1.2 billion	Michael Kors Holdings	Morgan Stanley / J.P. Morgan / Goldman Sachs	Paul, Weiss, Rifkind, Wharton & Garrison / Harney Westwood & Riegels	Davis Polk & Wardwell - Mary Conway, Lauren Murphey
Refinancing Senior Secured Term Loans	$1.2 billion	Rovi	J.P. Morgan / Morgan Stanley	Cooley	Davis Polk & Wardwell - Rachel Kleinberg, Arie Rubenstein
Notes Offering	$750 million	Syngenta Finance	Citigroup / Merrill Lynch	Sidley Austin / Davis Polk & Wardwell - John Paton, Alon Gurfinkel	De Brauw Blackstone Westbroek / Homburger
Initial Public Offering	$575 million	Vantiv	J.P. Morgan / Morgan Stanley / Credit Suisse	Weil, Gotshal & Manges	Davis Polk & Wardwell - Harry Ballan, William Curran, Kerry Price

Topics

Direct Tax

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Direct Tax

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Hogan Lovells, Cadwalader to merge in ‘largest combination in history’

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Indirect Tax

HMRC scores Supreme Court VAT victory over Hotel La Tour

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EY recruits provided AI training but still taught ‘old way’

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KPMG reports 7.5% tax and legal services revenue increase

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Sam Sholli, December 16 2025

Direct Tax

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US Treasury secretary eyes pillar two deal finalisation this week

In a post on X, Scott Bessent urged dissenting countries to the US/OECD side-by-side arrangement to ‘join the consensus’ to get a deal over the line

Tom Baker, December 16 2025

Direct Tax

Business deal mergers and acquisitions

Winston & Strawn and Taylor Wessing merger confirmed, new brand unveiled

A new transatlantic firm under the name of Winston Taylor is expected to go live in May 2026 with more than 1,400 lawyers and 20 offices

Noemi Distefano, December 15 2025

Direct Tax

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Italy’s opaque tax system underlies in-house discontent, advisers say

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Direct Tax

Horse racing

A taxing week: HMRC’s GfC13 puts tax advisers in an unwinnable situation

The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations

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