2023 Annual Letter to Boards
Leading the Way: Navigating Volatile Markets and Macroeconomic Forces
Corporate and M&A
The firm you need when it matters most.
As an M&A leader, we handle the largest and most complex domestic and cross-border transactions.
Our teams in New York, Silicon Valley and Washington, DC advise companies, their boards and special committees on a broad range of matters, including public and private M&A, carve-outs, spin-offs, split-offs, joint ventures and strategic alliances. We also advise on private equity and venture capital investments.
We work hand-in-glove with a fully integrated, highly-regarded group of transaction specialists to deliver sophisticated advice on complex matters, comprising antitrust, CFIUS, IP/data, compensation and benefits, tax, finance and M&A litigation disciplines. Our multidisciplinary group has deep experience advising on sensitive matters involving hostile M&A, takeover defense, shareholder activism and other efforts for corporate control, allowing us to proactively and successfully mitigate situations involving active shareholders.
Our US M&A team is an integral part of our global M&A practice, which consistently ranks among the top five firms for global M&A. By tapping into our network of 28 offices around the world with six “Band 1” rankings (including across M&A antitrust and tax), we are well-prepared to help service our clients wherever their businesses take them.
Client successes
Alexion, AstraZeneca Rare Disease on its acquisition of LogicBio® Therapeutics, Inc.
AmerisourceBergen on its $1.3 billion acquisition of PharmaLex.
América Móvil on the sale of Claro Panama to Liberty Latin America affiliate and formation of telecom JV with Liberty Latin America in Chile.
AstraZeneca on its $39 billion acquisition of Alexion Pharmaceuticals.
Beiersdorf on its acquisition of Chantecaille skin care brand.
BP on its $4.1bn take-private of Archaea Energy.
Cargill and the buyer consortium on the $4.5 billion take-private of Nasdaq-listed Sanderson and simultaneous formation of JV with Continental Grain and private acquisition of Wayne Farms.
CarLotz on its sale to Shift Technologies.
Cazoo on its $7 billion business combination with US SPAC AJAX I, including a concurrent $800 million PIPE.
Coupa on its $8 billion sale to Thoma Bravo.
CVC on its $470 million investment in Aleph Holding.
eBay on its acquisition of TCGPlayer.
Ericsson on its $6.2 billion acquisition of Vonage and sale of its IoT business to Aeris.
Google on its $5.4 billion acquisition of publicly-traded Mandiant Inc., as well as related transactions with Blackstone and other private equity sponsor holders of convertible preferred stock of Mandiant.
GXO Logistics on its $1.2 billion acquisition of Clipper Logistics.
Hapag Lloyd in its announced $1 billion acquisition of Chilean Sociedad Matriz SAAM, which operates a terminal business and provides associated logistics services in North, Central and South America, including five ports in Chile.
Hewlett Packard Enterprise on its $925 million acquisition of Silver Peak and acquisition of Determined AI.
Holcim on its $1.35 billion acquisition of Herbert Malarkey Roofing Company and $1.29bn pending acquisition of Duro-Last.
Honeywell on the combination of Honeywell Quantum Solutions and Cambridge Quantum Computing and acquisition of a majority stake in the combined company.
LANXESS on its $1.3 billion acquisition of International Flavors & Fragrances’ microbial control business.
London Stock Exchange Group on its acquisition of MayStreet.
Qualtrics committee of independent directors of the board on the pending $12.5bn all-cash sale of the company to a private equity consortium
Rayner Surgical on its acquisition of OMIDRIA from Omeros in a transaction valued in excess of $1 billion.
Saint-Gobain on its $2.3 billion acquisition of GCP Applied Technologies.
ServiceNow on its acquisition of Era Software, Inc.
Siemens on its $700 million acquisition of Supplyframe.
Sitel on its $2.2 billion take-private of Sykes Enterprises.
Sonoco on its $1.35 billion acquisition of Ball Metalpack.
Stanley Black & Decker on numerous matters, including the $3.2 billion sale of its of its security and healthcare segment to Securitas and PAC/GDX security business to Comelit.
TriNet on its acquisition of Zenefits and Clarus R+D Solutions.
Universal Music Group on its spin-off from Vivendi SE and listing of 60% of its share capital on Euronext Amsterdam at a $40 billion valuation and concurrent sale of 10% of Vivendi’s holding in UMG to Pershing Square; previously advised UMG on the $3.36 billion sale of 10% of its equity by parent Vivendi to Tencent and related option for Tencent Music to acquire a piece of UMG’s China business.
UPS on its acquisition of healthcare logistics provider, BOMI Group.
Western Union on the $910 million sale of Western Union Business Solutions to Goldfinch Partners and Baupost.
Zymergen on its $300 million sale to Ginkgo Bioworks—the first-ever sale of a publicly-listed public benefit corporation.
Corporate and M&A
- Carve-outs
- Corporate governance
- Equity capital markets
- General corporate
- Joint ventures
- Listed companies
- Market abuse
- Private equity and other financial investors
- Private M&A
- Public M&A
- Reorganizations
- Special purpose acquisition companies (SPACs)
Corporate blog posts
Our team
Paul Tiger Partner
New York
Jenny Hochenberg Partner
New York
Sebastian L. Fain Partner
New York
Paul Humphreys Partner
New York
Oliver J. Board Counsel
New York
Enrique Dancausa Counsel
New York
Olaf Ehlers Counsel
New York
Andrea Merediz Basham Partner
New York
Joseph Halloum Partner
Silicon Valley
Elizabeth K. Bieber Partner
New York
Zheng (Jonathan) Zhou Partner
New York
