Deals of the week - February 20 2012

February 20 2012

Type of Deal	Value	Acquirer	Target	Adviser to acquirer (tax)	Adviser to target (tax)
Acquisition	$2.7 billion	Kellogg	Pringles	Wachtell, Lipton, Rosen & Katz	Jones Day
Acquisition	$1.89 billion	Patrizia Immobilien	LBBW Immobilien		Hengeler Mueller - Ernst-Thomas Kraft
Acquisition	$1 billion	Glory	Talaris (Carlyle)	Slaughter & May	Clifford Chance
Share Sale	$924 million	Hapag-Lloyd	TUI AG		Hengeler Mueller - Martin Klein
Acquisition	Undisclosed	Trilantic Capital Partners	Billabong (Nixon)		Sullivan & Cromwell - Ronald Creamer
Type of Deal	Value	Issuer/Borrower	Lead managers/arrangers	Adviser to issuer/borrower (tax)	Adviser to lead managers (tax)
Senior Secured Credit Facility	$800 million	Roundy's Supermarkets	Credit Suisse / J.P. Morgan	Kirkland & Ellis	Davis Polk & Wardwell - Po Sit, Patrick Sigmon
Hybrid Securities Offer	$500 million	Colonial	Goldman Sachs / Commonwealth Bank of Australia / Citigroup / Evans and Partners / RBS	Freehills	Mallesons Stephen Jaques
Medium-term Note Programme	$399 million	Perennial China Retail Trust	DBS / Standard Chartered	Allen & Gledhill	Wong Partnership - Christy Lim
Acquisition Financing	$375 million	IHH	Bank of America / CIMB / Credit Suisse / DBS Bank / Deutsche Bank / Goldman Sachs	Allen & Gledhill	Wong Partnership - Hui Choon Yuen, Goh Gin Nee, Trevor Chuan
CMBS issuance	$333 million	DECO 2012-MHILL	Deutsche Bank	Hogan Lovells	Walkers - Garry Ferguson, Andrew Traynor
Notes Offering	$300 million	Kennametal	J.P. Morgan / Merrill Lynch / RBS	Buchanan Ingersoll & Rooney	Davis Polk & Wardwell - Harry Ballan, Rhiannon Nakano, Patrick Sigmon
Senior Notes Offering	$300 million	Synovus	J.P. Morgan		Davis Polk & Wardwell - Kathleen Ferrell, Yuliya Epifantseva
Notes Offering	$200 million	Banco Santander - Chile	Deutsche Bank / Goldman, Sachs / Santander Investment	Davis Polk & Wardwell - Harry Ballan, Changsheng Song	Shearman & Sterling
Unsecured Subordinated Notes Offering	$200 million	Tabcorp	UBS AG / Macquarie Capital / Westpac	Allens Arthur Robinson	Mallesons Stephen Jaques

more across site & shared bottom lb ros

More from across our site

Direct Tax

Aerial view of Christ and Botafogo Bay from high angle.

Brazilian MNEs struggling to align pillar two with domestic tax incentives

While pillar two has been enacted on paper in Brazil, companies are encountering a range of practical compliance issues, ITR has heard

Sam Sholli, March 24 2026

Direct Tax

guinevere moore resized.jpg

Guinevere Moore on balancing tax litigation with childcare and ‘paying it forward’

Moore, founding partner of the Chicago tax boutique which bears her name, shares her career wisdom for ITR’s new Women in Tax interview series

March 24 2026

Direct Tax

Baker McKenzie

Clients considering US relocation following pillar two carve-out deal: Baker McKenzie

But partners at the firm admit that jumping ship to the US would not be as easy as some believe

Tom Baker, March 23 2026

Direct Tax

Artificial intelligence

A taxing week: AI is reshaping capital flows and toppling the old tax order

Governments are rewriting tax policy for the AI era, deploying digital taxes, tailored incentives and algorithmic enforcement that redefine where value is created

Teresa Owusu-Adjei, March 20 2026

Direct Tax

This week in tax: KPMG announces Gary Wingrove as new global chairman and CEO

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

Sam Sholli, March 20 2026

Transfer Pricing

‘Clear limitations’: Italian advisers differ on intra-group financing TP ruling

Partners are divided on Italy vs PDM D’s analytical depth, evidentiary standards, and what the judgment signals for future intra-group financing cases

Sam Sholli, March 19 2026

Direct Tax

Back office

Back office to backbone: tax risks of evolving global capability centres

As GCCs increasingly become strategic hubs, multinationals face heightened risks around permanent establishment and place of effective management

Mehul Jain, March 19 2026

Direct Tax

wopke hoekstra.jpg

‘Kept the family together’: EU tax chief praises US/OECD pillar two deal

While all options presented ‘drawbacks’, European Commission tax leader Wopke Hoekstra said the controversial US carve-out deal has ‘many benefits’

Sam Sholli, March 18 2026

Direct Tax

FAQs

The pillar two side-by-side agreement: key questions answered

From tech preparations to competitiveness concerns, Tax Systems’ Russell Gammon addresses the most pressing client considerations arising from the SbS deal

Russell Gammon, March 17 2026

Direct Tax

Alex Cobham, Paul Monaghan

Tax campaigners clash on pillar two as side-by-side deal costs emerge

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’

Sam Sholli, March 16 2026