Deals of the week - November 18 2013

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

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

The Office for Budget Responsibility’s pessimistic pillar two forecast accompanied the UK chancellor’s muted Spring Statement, dubbed ‘as dull as possible’ by one adviser
Digital tax reform is dissolving the old ‘temporal buffer’, forcing systems, institutions, and professionals to adapt as real-time reporting reshapes governance, capability, and compliance
Our first instalment features analysis of Deloitte’s landmark EMEA merger, Donald Trump’s Supreme Court tariff showdown and Venezuela’s tax evolution
While some believe it could have a positive effect on the wider advisory landscape, others argue that HMRC’s ‘red tape’ exercise won’t deter bad actors
The political optics of the US’s carve-out deal are poor, but as the Fair Tax Foundation’s Paul Monaghan writes, it preserves pillar two’s guiding ethos
The big four firm reportedly sent ‘threatening’ correspondence to Unity Advisory over its hiring of ex-PwC partners; plus tax recruitment news from the week
Tom Goldstein, who was represented by US law firm Munger, Tolles & Olson, denied wilfully cheating on his taxes and blamed errors on his staff
Multinationals face rising TP scrutiny as global rules diverge. As Daniel Moalusi argues, strong, consistent documentation is now essential to minimise audit risk and protect tax positions
The profession is fundamentally restructuring itself around what tax and accounting work should be, a Thomson Reuters leader told ITR
The big four firm is consolidating 16 entities across the region to create a single 6,000-partner behemoth
Gift this article