Representative Mergers & Acquisitions Transactions


Financial Services

  • Abu Dhabi Investment Authority in its US$7.5 billion acquisition of a 4.9% interest in Citigroup Inc.
  • Allianz SE in its €9.8 (US$14.3) billion sale of Dresdner Bank AG to Commerzbank AG.
  • Bolsa de Mercadorias & Futuros S.A. and Bovespa Holding S.A. in their US$22.4 billion merger to create the world’s third-largest stock exchange by market value.
  • Bolsa de Mercadorias & Futuros S.A. in its US$1.2 billion cross investment with CME Group, Inc.
  • Borsa Italia S.p.A. in its £1.08 (US$2.15) billion merger with London Stock Exchange Group plc.
  • China Investment Corporation in its proposed acquisition of a 40% stake in CITIC Capital Holdings Limited.
  • Depfa Bank plc in its €5.6 (US$7.8) billion acquisition by Hypo Real Estate Holding AG.
  • Fairfax Financial Holdings Ltd. in its US$1.1 billion acquisition of the minority stake in Odyssey Re Holdings Corp.
  • Hub International Limited in its US$1.8 billion acquisition by funds advised by Apax Partners and Morgan Stanley Principal Investments.
  • Hypo Real Estate Holding AG in its €1.13 (US$1.8) billion sale of a 24.9% interest to J.C. Flowers & Co. LLC, Shinsei Bank Limited and Grove International Partners LLP.
  • Hypo Real Estate Holding AG in its €50 (US$63.0) billion restructuring with a consortium of financial institutions and the German government.
  • IntercontinentalExchange, Inc. in its acquisition of The Clearing Corporation and in the formation of ICE US Trust.
  • International Petroleum Investment Company in its £3.5 (US$5.7) billion disposal of approximately 13.5% of Barclays Bank PLC ordinary shares to numerous market investors.
  • Legg Mason, Inc. in its sale of a US$1.25 billion minority interest to Kohlberg Kravis Roberts & Co. Ltd.
  • Merrill Lynch & Co., Inc. in its US$50 billion acquisition by Bank of America Corporation.
  • Mizuho Corporate Bank, Ltd. in its US$1.2 billion minority investment in Merrill Lynch & Co., Inc.
  • Mubadala Development Company in its US$8.0 billion global business partnership with General Electric Company.
  • Sal.Oppenheim Jr. & Cie.S.C.A. in its €1.0 (US$1.48) billion acquisition by Deutsche Bank AG.
  • Société Générale, S.A. in its joint venture with Crédit Agricole S.A. for the merger of the European and Asian activities of Société Générale’s asset management business and the asset management activities of Crédit Agricole.
  • The Bank of Ikeda, Ltd. and The Senshu Bank, Ltd in their US$1.89 billion merger.
  • The Royal Bank of Scotland Group plc in its €71.1 (US$98.2) billion acquisition of ABN AMRO Bank N.V. with Fortis Bank nv-sa and Banco Santander Central Hispano, S.A.
  • Whitehall, the real estate investment arm of Goldman, Sachs & Co., in its US$1.2 billion counter-tender offer to acquire Berenice and Tecla funds.

Technology & Media

  • Advanced Technology Investment Company LLC in its US$3.9 billion acquisition of Chartered Semiconductor Manufacturing Ltd.
  • Business Objects S.A. in its US$6.8 billion acquisition by SAP AG.
  • China Netcom Group Corporation (Hong Kong) Limited in its US$23.8 billion merger with China Unicom Limited.
  • Dassault Systèmes in its US$600 million acquisition of IBM’s sales and client support business.
  • Huawei Technologies in its US$150 million joint venture with Symantec Corporation to form a global storage and security appliance and solutions provider.
  • Intuit Inc. in its acquisition of PayCycle, Inc.
  • The McGraw-Hill Companies, Inc. in the sale of BusinessWeek magazine to Bloomberg L.P.
  • Nokia Corporation in the merger of its Networks Business Group with the carrier-related operations of Siemens AG to form Nokia Siemens Networks BV.
  • Nokia Corporation in its US$8.1 billion acquisition of NAVTEQ Corporation.
  • Partner Communications Company Ltd. in the sale by Hutchison Telecommunications International Limited of its 51.3% equity interest in Partner Communications to Scailex Corporation Ltd.
  • Siemens AG in its US$3.5 billion acquisition of UGS Corp. from Bain Capital Partners LLC, Silver Lake Partners L.P. and Warburg Pincus LLC.
  • SINA Corporation in its US$1.37 billion acquisition of the Out-of-Home Advertising Networks assets of Focus Media Holding Limited.
  • STMicroelectronics N.V. in its US$3.1 billion joint venture with Intel Corporation and Francisco Partners LP to form a new independent semiconductor company.
  • Symphony Technology Group in its acquisition of MSC.Software Corporation.
  • Thales S.A. in connection with its €1.6 (US$2.1) billion agreement with Alcatel-Lucent on the transfer of Alcatel-Lucent’s transportation, security and space assets to Thales S.A. and on the future industrial cooperation of the two groups.
  • The Independent Directors Committee of Neuf Cegetel SA in the €4.3 (US$6.7) billion public tender offer made by SFR to acquire all of the shares of Neuf Cegetel SA held by Louis Dreyfus Group.
  • The Thomson Corporation in its merger with Reuters Group to form Thomson-Reuters.
  • Viacom Inc. in its sale of Famous Music LLC to Sony/ATV Music Publishing LLC.

Manufacturing & Industrials
(Includes Automotive/Truck and Chemicals)

  • Aabar Investments PJSC in its acquisition of 40% of Daimler’s interest in Tesla Motors Inc.
  • Aabar Investments PJSC and International Petroleum Investment Company in their €1.9 (US$2.7) billion acquisition of a 9.1% interest in Daimler AG.
  • AngloGold Ashanti Limited in its US$1.1 billion sale of its 33.3% joint venture interest in Boddington Gold Mine to Newmont Mining Corporation.
  • Avenue Capital Group in its acquisition of Milacron Inc. with DDJ Capital Management, LLC.
  • B/E Aerospace, Inc. in its US$1.1 billion acquisition of the consumable solutions business of Honeywell International Inc.
  • Corning Incorporated in its acquisition of Axygen BioScience, Inc. from American Capital, Ltd.
  • Corus Group plc in its £6.7 (US$13.2) billion acquisition by Tata Steel UK Limited, a subsidiary of Tata Steel Limited.
  • DaimlerChrysler AG in the €1.5 (US$1.95) billion sale of a 7.5% interest in EADS N.V. to an investor consortium.
  • Daimler AG in the acquisition by Cerberus Capital Management, L.P. of an 80.1% interest in Chrysler Holding LLC.
  • The German Government regarding legal matters related to the restructuring of the General Motors Group and Adam Opel GmbH respectively.
  • International Petroleum Investment Company in its US$978.8 million acquisition of a majority interest in MAN Ferrostaal AG from MAN AG.
  • Nomura Principal Finance Co., Ltd. and its subsidiary, TNN Investment Co., Ltd. in their ¥70.28 billion (US$586 million) tender offer to acquire all of the remaining outstanding shares of Tsubaki Nakashima Co., Ltd.
  • Qatar Investment Authority in its €7.0 (US$9.9) billion investment in Volkswagen AG and in Porsche Automobil Holding SE.
  • RAG-Stiftung in the €2.4 (US$3.7) billion sale of its 25.01% interest in Evonik Industries AG to CVC Capital Partners.
  • Saudi Basic Industries Corporation in its US$11.6 billion acquisition of GE Plastics from General Electric Company.
  • Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd in its acquisition of HUMMER from General Motors Corporation.
  • Sterlite Industries (India) Limited, a wholly owned subsidiary of Vedanta Resources plc, in its US$1.1 billion acquisition of substantially all of the operating assets of ASARCO LLC.
  • The Dow Chemical Company in its US$15.7 billion acquisition of Rohm and Haas Company.
  • The Dow Chemical Company in the US$1.7 billion sale by Rohm & Haas Company, its wholly owned subsidiary, of its Morton Salt business to K+S Aktiengesellschaft.
  • The Dow Chemical Company in negotiations of a joint venture with Petrochemical Industries Company of Kuwait to form a global petrochemicals company.

Energy

  • Ecopetrol, S.A. in its US$900 million acquisition of Offshore International Group, Inc. with Korea National Oil Corporation.
  • E.ON AG in its €4.5 (US$7.1) billion sale of stock and certain assets to Statkraft AS and in its acquisition of E.ON Sverige AB.
  • ERG S.p.A in its €1.35 (US$2.1) billion joint venture with OAO Lukoil to form a coastal refinery company.
  • Industry Funds Management Pty Ltd. in its US$1.48 billion acquisition of certain assets of Consolidated Edison, Inc.
  • International Petroleum Investment Company in its US$1.1 billion acquisition of a 17.6% equity stake in Oil Search Limited through exchangeable bonds issued by the Independent Public Business Corporation of Papua New Guinea, a trustee wholly owned by the Government of Papua New Guinea.
  • International Petroleum Investment Company in its acquisition of a US$780 million interest in Cosmo Oil Company Limited.
  • IVG Immobilien AG in the €1.7 (US$2.5) billion sale of its cavern business to a fund structured by IVG Institutional Funds GmbH.
  • Members of the Louis-Dreyfus Family in their US$2 billion sale of a 38.3% interest in Louis Dreyfus SAS to Robert Louis-Dreyfus.
  • Norsk Hydro ASA in the merger of its oil and gas activities with Statoil ASA.
  • PetroChina Company Limited, through its indirectly wholly owned subsidiary, PetroChina International (Singapore) Pte. Ltd., in its US$1 billion acquisition of Singapore Petroleum Company Limited from Keppel Oil and Gas Services Pte. Ltd., a wholly owned subsidiary of Keppel Corporation Limited.  
  • Raetia Energie in forming a joint venture with SüdWestStrom Kraftwerk to develop and operate a hard coal-fired power plant for the generation of up to 1,800 MW in Brunsbüttel.
  • Scottish and Southern Energy Plc in its US$2.66 billion acquisition of Airtricity.
  • Suncor Energy Inc. in its US$15.8 billion merger with Petro-Canada.

Healthcare/Pharmaceutical

  • Fujifilm Holdings Corporation in its ¥155 (US$1.5) billion acquisition of Toyama Chemical Co., Ltd. with Taisho Pharmaceutical Co., Ltd.
  • HLTH Corporation in its US$1.3 billion merger with WebMD Health Corporation.
  • Kirin Holdings Company, Limited in its US$1.47 billion tender offer to acquire the pharmaceutical and bio-chemical company, Kyowa Hakko Kogyo Co., Ltd.
  • Morgan Stanley as financial advisor to Schering-Plough Corporation in its US$41 billion merger with Merck & Co., Inc.
  • MorphoSys AG in its US$1 billion strategic alliance with Novartis AG to establish an innovative therapeutic antibody pipeline.
  • Novartis AG in its €925 million (US$1.2 billion) acquisition of the specialty generic injectables business of EBEWE Pharma. 
  • Novartis AG in the US$2.5 billion sale of its medical nutrition business to Nestlé S.A.
  • Quest Diagnostics Incorporated in its US$2 billion acquisition of AmeriPath, Inc. from Welsh, Carson, Anderson and Stowe IX, L.P.
  • The Special Committee of the Independent Directors of BioVeris Corporation in its US$600 million acquisition by Roche Holding AG.

Multiple Industries
(Includes Food, Professional Sports, Retail and Transportation)

  • Abu Dhabi United Investment & Development Limited in its acquisition of Manchester City Limited, the holding company of Manchester City Football Club, from UK Sports Investments Limited.
  • BAE Systems plc in its £538 million (US$1.1 billion) acquisition of Detica plc.
  • Cadbury in connection with an unsolicited US$16.7 billion acquisition proposal by Kraft Foods Inc.
  • Dakota, Minnesota & Eastern Railroad Corporation in its US$1.48 billion acquisition by Canadian Pacific Railway Limited.
  • JBS S.A., through its wholly-owned subsidiary JBS USA Holdings, Inc., in its US$2.8 billion acquisition of 64% of Pilgrim’s Pride Corporation in its plan of reorganization.
  • Meiji Dairies Corporation and Meiji Seika Kaisha, Ltd. in their US$1.9 billion joint share transfer to form a new parent company, MEIJI Holdings Co., Ltd.
  • Tata Tea Ltd. in the US$1.2 billion sale of its 30% interest in Energy Brands Inc. to The Coca-Cola Company.
  • Tengelmann Warenhandelsgesellschaft KG in its joint venture with EDEKA ZENTRALE AG & Co. KG to form a chain of discount grocery stores.
  • The Special Committee of the Board of Directors of Bright Horizons Family Solutions, Inc. in its US$1.3 billion acquisition by Bain Capital Partners LLC.
  • The Special Committee of the Board of Directors of Pathmark Stores, Inc. in its US$1.3 billion acquisition by The Great Atlantic & Pacific Tea Company, Inc.
  • The Thomson Corporation in its US$7.75 billion sale of certain assets of Thomson Learning Inc. to Apax Partners.


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