Deals of the week - January 23 2012

January 23 2012

Type of Deal	Value	Acquirer	Target	Adviser to acquirer (tax)	Adviser to target (tax)
Acquisition	$7.3 billion	SMFG	RBS Aviation	Milbank Tweed	Clifford Chance
Acquisition	$3.16 billion	Pembina Pipeline	Provident Energy	Blake, Cassels & Graydon / Paul, Weiss, Rifkind, Wharton & Garrison	Norton Rose Canada / Dorsey and Whitney
Acquisition	$2.85 billion	Apache	Cordillera Energy Partners III	Jefferies & Co / Thompson & Knight	Tudor, Pickering, Holt & Co
Merger	$2.2 billion	Abacus Property Group	Abacus Storage Fund	Freehills	Freehills
Acquisition	$1.46 billion	Cinven	CPA (Intermediate Capital Group)	Freshfields Bruckhaus Deringer	DLA Piper
Type of Deal	Value	Issuer/Borrower	Lead managers/arrangers	Adviser to issuer/borrower (tax)	Adviser to lead managers (tax)
Rights Offering	$473.2 million	China Communications Services	CITIC Securities	Freshfields Bruckhaus Deringer / Jingtian & Gongcheng	Davis Polk & Wardwell
High Yield Bond Offering	$420 million	Ardagh		Shearman & Sterling - Jeffrey Tate & Craig Gibian
Convertible Notes Offering	$250 million	PHH Corporation	JP Morgan / Merrill Lynch / Pierce Fenner & Smith	Skadden, Arps, Slate, Meagher & Flom	Davis Polk & Wardwell - Po Sit & Nicole Field

Topics

Sponsored

more across site & shared bottom lb ros

More from across our site

Direct Tax

AI in Tax Forum 2026.JPG

French tax authority leads way in AI adoption

The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard

Ed Conlon, April 29 2026

Direct Tax

pillar two forum 2026 crowd shot.JPG

HMRC invites taxpayers to stress-test pillar two filings in ‘private beta’

The UK tax authority’s deputy director of large business also reassured taxpayers that HMRC will not ‘nitpick’ returns

Tom Baker, April 28 2026

David Beringer, Sucafina, ITR P2 Forum 2026.JPG

Pillar two a ‘box-ticking’ exercise, admits MNE tax head

Sucafina’s tax chief was speaking at the ITR Pillar 2 Forum in London alongside experts from HMRC and other organisations

Ed Conlon, April 28 2026

Direct Tax

India Supreme Court

Tiger Global ruling in India: scope, limits and risks

India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist

Ravish Bhatt, April 28 2026

Direct Tax

marc lien resized.jpg

Unity Advisory appoints AI chief as firm hits 100 employees

The UK-based big four spin-off firm has hired Marc Lien, who declared that most AI in professional services today is ‘cosmetic’

Sam Sholli, April 27 2026

Direct Tax

Pillar two is revising global tax competition with a 15% minimum tax rate

A taxing week: Brazil’s pillar two carve-out request prolongs a death by a thousand cuts

Projected revenue losses and exemption requests are harming the project’s capability and viability

Sam Sholli, April 24 2026

Indirect Tax

Prison

This week in tax: HMRC jails payroll fraudsters for 22 years

HMRC secured lengthy prison sentences in a major payroll VAT fraud case, while law firms announced tax promotions and hires

Tom Baker, April 24 2026

Transfer Pricing

Australian Company Tax Return concept

‘More refined’: advisers dissect updated ATO TP guidance

Significant changes include an update to profit markers and an alteration to how an ‘inbound distributor’ is defined

Sam Sholli, April 23 2026

Direct Tax

tim zech and jeff soar.png

AI in tax: from early promise to everyday reality

ITR sat down for a pre-event interview with Tim Zech, WTS Germany, and Jeff Soar, WTS UK, keynote speaker at next week’s ITR AI in Tax Forum 2026 in London

April 22 2026

Direct Tax

Brazil tax money

Brazil has ‘substantive grounds’ for pillar two carve-out request: advisers

Brazil’s bid to seek US-style exemptions from pillar two is ‘highly advantageous’ for multinationals, ITR has also heard

Sam Sholli, April 22 2026