Deals of the week - July 2 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 - July 2 2012

TYPE OF DEAL

VALUE

ACQUIRER

TARGET

ADVISER TO ACQUIRER (TAX)

ADVISER TO TARGET (TAX)

Acquisition

$20.1 billion

Anheuser-Busch InBev

Grupo Modelo

Skadden, Arps, Slate, Meagher & Flom / Sullivan & Cromwell / Freshfields Bruckhaus Deringer

Cravath Swaine & Moore

Acquisition

$5.35 billion

Petronas

Progress Energy

Norton Rose

Burnet, Duckworth & Palmer

Acquisition

$3.8 billion

MediaTek

Mstar Semiconductor

Jones Day

Lee & Li

Acquisition

$1.9 billion

Rift

Veolia

Hogan Lovells

Simmons & Simmons

Acquisition

$1.2 billion

Microsoft

Yammer

Perkins Coie

Orrick Herrington & Sutcliffe

Acquisition

$500 million

Oriental Financial Group

Banco Bilbao Vizcaya Argentaria

Davis Polk & Wardwell - Kathleen Ferrell

Acquisition

$315 million

Affymetrix

eBioscience

Davis Polk & Wardwell - Rachel Kleinberg

DLA Piper

Acquisition

$237.6 million

Marubeni

ACR

Allen & Gledhill

WongPartnership

TYPE OF DEAL

VALUE

ISSUER / BORROWER

LEAD MANAGERS / ARRANGERS

ADVISER TO ISSUER / BORROWER

ADVISER TO LEAD MANAGERS

Notes Offering

$1.5 billion

Caterpillar

Citigroup / J.P. Morgan / Merrill Lynch

Sidley Austin

Davis Polk & Wardwell - Kathleen Ferrell

Refinancing

$1.08 billion

Loy Yang B Power Station (International Power / GDF Suez / Mitsui & Co)

King & Wood Mallesons

Freehills

Secondary Offering

$1 billion

IHS

Goldman Sachs

Davis Polk & Wardwell - Harry Ballan

Sullivan & Cromwell

Global Bond Offering

$1 billion

Province of Ontario

Deutsche Bank / Goldman Sachs / J.P. Morgan / TD Securities

Davis Polk & Wardwell

Medium-term Note Programme

$630.7 million

Mewah International

DBS Bank

WongPartnership

Allen & Gledhill

Notes Offering

$250 million

Brasil Foods

BB Securities / HSBC / Itau BBA / Santander

Simpson Thacher & Bartlett / Machado, Meyer, Sendacz e Opice

Davis Polk & Wardwell - Samuel Dimon, Yuliya Epifantseva

Term Loan Facility

$250 million

NCI Building Systems

Credit Suisse

Debevoise & Plimpton

Davis Polk & Wardwell - Michael Mollerus

Entitlement Offer

$225 million

Billabong

Goldman Sachs / Deutsche Bank

Allens / Sidley Austin

King & Wood Mallesons / Skadden, Arps, Slate, Meagher & Flom

more across site & shared bottom lb ros

More from across our site

The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
A vote to be held in 2026 could create Hogan Lovells Cadwalader, a $3.6bn giant with 3,100 lawyers across the Americas, EMEA and Asia Pacific
Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand compliance obligations, withholding risks, and treaty relief to avoid costly surprises
Hotel La Tour had argued that VAT should be recoverable as a result of proceeds being used for a taxable business activity
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR
AI and assisting clients with navigating global tax reform contributed to the uptick in turnover, the firm said
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
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
As ITR’s exclusive data uncovers in-house dissatisfaction with case management, advisers cite Italy’s arcane tax rules
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
Gift this article