Deals of the week - August 27 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 - August 27 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$7.3 billion

Aetna

Coventry Health Care

Jones Day / Davis Polk & Wardwell

Wachtell, Lipton, Rosen & Katz - Deborah Paul

Merger

$3.7 billion

Hudson City Bancorp

M&T Bank Corporation

Sullivan & Cromwell

Wachtell, Lipton, Rosen & Katz - Joshua Holmes

Merger

$2.3 billion

Hertz Global Holdings

Dollar Thrifty Automotive

Cravath, Swaine & Moore / Debevoise & Plimpton / Jones Day

Cleary Gottlieb Steen & Hamilton - Jason Factor

Acquisition

$1.2 billion

Pacific Industrial Services BidCo

Spotless

Gilbert + Tobin

Clayton Utz

Acquisition

$1 billion

Bain Capital Partners

Genpact

Ropes & Gray

Cravath, Swaine & Moore / Nishith Desai Associates

Acquisition

$577 million

Silver Lake

Global Blue Luxembourg Holdings

WongPartnership

Weil, Gotshal & Manges

Joint Venture

$337 million

SK Innovation

Continental AG

Kim & Chang / WongPartnership

Acquisition

$285 million

FMC Technologies

Pure Energy Services

Stikeman Elliott - Douglas Richardson / Vinson & Elkins

Blake, Cassels & Graydon

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes Offering

$3 billion

Rio Tinto

HSBC / Morgan Stanley / RBS / BNP Paribas / RBC / SG Americas / Standard Chartered

Davis Polk & Wardwell - John Paton

Notes Offering

$2.5 billion

PepsiCo

Citigroup / Morgan Stanley / RBS

Davis Polk & Wardwell - Avishai Shachar

Jones Day

Subordinated Notes Offering

$2 billion

UBS AG

UBS Securities / Citigroup / Goldman, Sachs / J.P. Morgan / Merrill Lynch / Morgan Stanley / RBS / Wells Fargo

Davis Polk & Wardwell - John Paton

High-Yield Notes Offering

$1.2 billion

Continental Resources

Merrill Lynch

Latham & Watkins

Davis Polk & Wardwell - Michael Mollerus

Notes Offering

$750 million

ICICI Bank

Citigroup / HSBC / J.P. Morgan / Merrill Lynch / Standard Chartered

Davis Polk & Wardwell - Alon Gurfinkel

Senior Notes Offering

$500 million

Moody's

Citigroup / Merrill Lynch

Gibson, Dunn & Crutcher

Davis Polk & Wardwell - Michael Mollerus

Dribble-Out Offering

$500 million

Westar Energy

BNY Mellon

Davis Polk & Wardwell

Hunton & Williams

more across site & shared bottom lb ros

More from across our site

Given the US/G7 pillar two deal, the OECD is in danger of being replaced by the UN as the leading global tax reform forum
Cinven’s latest investment follows its acquisition of a stake in Grant Thornton UK in December; in other news, a barrister listed by HMRC as a tax avoidance promoter has alleged harassment
CIT base narrowing measures remain more prevalent than increased CIT rates, the report also highlighted
ITR's parent company, LBG, will acquire The Lawyer, a leading news, intelligence and data-driven insight provider for the legal industry, from Centaur Media
KPMG UK’s Graeme Webster and KPMG Meijburg & Co’s Eduard Sporken outline the 20-year evolution of MAPAs, with DEMPE analyses becoming more prevalent and MAPA requirements growing stricter
Rishi Joshi, of the Institute of Chartered Accountants of India, warns of potential judicial overreach as assets are recharacterised to bypass a legislative exclusion
Only 2% of in-house survey respondents said they were ‘heavy’ users of AI for TP, Aibidia’s report also found
There was a ‘deeply embedded culture within PwC that routinely disregarded formal confidentiality obligations,’ the chairman of Australia’s Tax Practitioners Board said
Jennifer Best was most recently the acting commissioner of the IRS’s large business and international division
Section 899’s exclusion from the One Big Beautiful Bill does not mean it has been nipped in the bud, Aruna Kalyanam also tells ITR
Gift this article