Shearman & Sterling has been ranked among the top 10 global legal advisors for M&A deal value for Q1 2023, according to Refinitiv’s preliminary M&A rankings. The firm advised on 36 M&A transactions collectively valued at $31.3 billion, making Shearman & Sterling the 7th most prolific legal adviser by value and 8th highest by number of deals in 2023 as of the first quarter.
The transactions noted in the Refinitiv report highlight Shearman & Sterling’s diverse, global client base. The firm advised Liberty Global on its acquisition of a 5% stake in Vodafone, with a team led by M&A partners Maegen Morrison, Simon Burrows (both London), Dan Litowitz and George Casey (both New York). Shearman & Sterling also represented the software company SAP on its pending $12.5 billion sale of Qualtrics to Silver Lake and the Canada Pension Plan Investment Board. Shearman & Sterling’s M&A team included partners Daniel Mitz (Menlo Park), Robert Cardone (Dallas), Scott Petepiece (New York), Michael Dorf (San Francisco) and Alain Dermarkar (Dallas).
Additionally, the firm advised leading health solutions company CVS Health on its pending $10.6 billion acquisition of Oak Street Health. The M&A team included New York-based partners Dan Litowitz, Derrick Lott and Creighton Condon.
Scott Petepiece, Global M&A Practice Group Leader at Shearman & Sterling, said:
“Our global M&A team continues to advise on a variety of market-defining and high-profile transactions across industries as clients look to the firm to guide them through their most ambitious transactions. Our success is driven by the global breadth of our experience and expertise which uniquely positions us to advise on the most complex public and private transactions. I’m extremely excited by the start of 2023 and look forward to a continuation of robust activity levels in the M&A markets.”
Refinitiv, a London Stock Exchange Group business, is one of the world's largest providers of financial markets data and infrastructure.