Deals of the week - November 18 2013

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

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

Deals of the week - November 18 2013

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$732 million

Deutsche Telekom

GTS Central Europe Group

Noerr

Acquisition

$284 million

Essilor International

Costa Inc

Weil Gotshal & Manges - Chayim Neubort, Eric Remijan

Sale of majority stake

Undisclosed

EQT

BackWerk

Hengeler Mueller - Martin Klein

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Loan refinancing facility

$872 million

Blackboard Inc

Merrill Lynch, Pierce, Fenner & Smith; Deutsche Bank Securities; Morgan Stanley

Weil Gotshal & Manges

Davis Polk & Wardwell

Notes offering

$500 million

General Mills

Barclays Bank; Deutsche Bank; Merrill lynch International

Dorsey & Whitney

Davis Polk & Wardwell - Lucy Farr, Vinay Prabhakar

Secondary offering

$467.5 million

CST Brands (Valero Energy Corporation)

Citigroup Global Markets

Baker Botts; Jackson Walker

Davis Polk & Wardwell - Michael Farber, Neil Barr

Secondary offering

$365 million

US Silica Holdings

Morgan Stanley

Kirkland & Ellis

Davis Polk & Wardwell - Kathleen Ferrell, Nicole Field

Loan B credit facility

$320 million

Northeast Wind Capital II

BNP Paribas; CIT Finance; Goldman Sachs; Union Bank

Davis Polk & Wardwell - Samuel Dimon, Ankur Dalal

Milbank, Tweed, Hadley & McCloy

Bonds offering

$250 million

Kentucky Utilities

BNP Paribas; Citigroup; Goldman Sachs; Mitsubishi UFJ Securities

Pillsbury Winthrop Shaw Pittman

Davis Polk & Wardwell - Samuel Dimon, Anthony Oliva

Initial public offering

$187.5 million

Chegg

JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith

Fenwick & West

Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang

more across site & shared bottom lb ros

More from across our site

A German economics professor was reportedly ‘irritated’ by how the Finnish ministry of finance used his data
Countries that care about the fair taxation of tech multinationals and equitable global distribution of wealth should back the UN’s tax framework, writes economist Abdelmalek Riad
The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe
The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency
Historically low levels of attrition over consecutive years made a ‘difficult decision’ necessary, PwC has reportedly said
WTS Global is also vetting new potential member firms in Algeria, Cote D’Ivoire and Benin, Kelly Mgbor tells ITR in an exclusive interview
The scope of qualifying pillar two tax credits could reportedly be broadened; in other news, hundreds of IRS appeals staff are to resign
For many taxpayers, the prospect of long-term certainty that a bilateral APA offers can override concerns about time, cost and confidentiality
Gift this article