White & Case is one of the world’s leading law firms in the area of mergers and acquisitions (M&A), distinguished by our experience and focus on both strategic and private equity transactions, specific industries and cross-border transactions.
With a global M&A team spanning 26 countries, we are one of the few law firms with the global capacity and experience to provide assistance to clients on worldwide M&A transactions.
We are well-versed in the markets in which our clients operate, allowing us to maintain a commercial approach that optimizes efficiency, reduces costs and enhances effective deal execution. Our global presence and critical mass of lawyers in each location ensures local legal advice at standards essential for such transactions, as well as the economies that result from experienced, coordinated transaction management.
White & Case has taken the lead in devising creative deal structures, designing acquisition programs and planning and implementing strategies for both acquirers and potential acquisition targets in domestic and cross-border transactions around the world. Our global transactions include:
- Cross-Border and Domestic Deals
- Public and Private Acquisitions
- Equity Investments and Divestments
- Joint Ventures
- Leveraged Buyouts
- Tender & Exchange Offers
- Unsolicited Offers and Defenses to Unsolicited Offers
- Proxy Contests
- Spin-offs and Dispositions
- Negotiated Acquisitions, including acquisitions of financially troubled companies
Wide Sector Knowledge
Whatever your niche, White & Case's M&A team already knows the terrain. We help clients close deals in many industries, including:
- Financial Services
- Media and Entertainment
- Oil and Gas
Acergy: Representation of Nasdaq and Oslo Stock Exchange-listed Acergy S.A. in its combination with Oslo Stock Exchange-listed Subsea 7 Inc., to create a US$8.8 billion global leader in seabed-to-surface engineering and construction.
BAA: Representation of airport operator BAA plc on the sale of its 75 percent minus one share stake in Budapest Airport to a consortium led by Hochtief AirPort GmbH for £1.309 billion.
Banco Bilbao Vizcaya Argentaria S.A. (BBVA): Representation of BBVA, one of Europe’s major banks and Spain's second-largest bank, in the €4.2 billion (US$5.9 billion) acquisition of a 24.9 percent stake in Turkiye Garanti Bankasi AS, the second-largest private bank in Turkey from Dogus Holding AS and General Electric Company. The transaction is (i) the largest Turkish private sector transaction; (ii) the second largest M&A transaction by a bank in 2010 and (iii) the largest European M&A transaction in 2010.
Calpine Corporation: Representation of Calpine Corporation, the largest publicly traded, independent wholesale power company in the United States measured by power produced in the United States, in its US$1.65 billion purchase of 4,490 MW of power generation assets from Pepco Holdings, Inc.
COSAN: Representation of COSAN S/A Industria E Comercio in its US$826 million acquisition of Esso Brasileria de Petroleo Limitada (Essobras) from ExxonMobil International.
Credicorp: Representation of Credicorp in the acquisition of shares in Pacifico Seguros and Pacifico Vida, two of Peru’s leading life and general insurance companies, from American Life Insurance Company. The transaction is said to be the largest insurance M&A transaction in the Peruvian market to date.
DISH Network Corporation: Representation of DISH Network Corporation (NASDAQ: DISH), a leader for more than 27 years in satellite TV, equipment sales and support worldwide, in its US$25.5 billion unsolicited proposal to acquire Sprint Nextel Corporation.
EchoStar Corporation: Representation of EchoStar Corporation in its strategic transaction with DISH Network Corporation whereby EchoStar and its subsidiaries received five satellites along with related liabilities for in-orbit incentive payments to the manufacturers of certain of those satellites, and approximately US$11 million in cash from DISH Network in exchange for two issues of a newly-created preferred tracking stock that tracks the residential retail satellite business of Hughes Network Systems, LLC, a wholly owned subsidiary of EchoStar, and in its related long-term operating lease agreement for transponder services to DISH on the satellites to be received by EchoStar and its subsidiaries.
Excel Maritime Carriers Ltd. (Excel): Representation of Excel in its US$2.45 billion acquisition of Quintana Maritime Limited. Excel is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargo.
First Republic Bank: Representation of First Republic Bank, a NYSE-traded , private bank and wealth management firm, in its US$1.8 billion merger with Merrill Lynch & Co., Inc., one of the world’s leading wealth management, capital markets and advisory companies.
General Motors: Representation of General Motors Corporation in the sale of its entire equity stake in Fuji Heavy Industries, the manufacturer of Subaru cars, for approximately US$780 million.
GMR Group: Representation of GMR Group in the US$1.232 billion sale of its 50 percent stake in the global power generation company InterGen N.V. China Huaneng Group, China's largest power generation company. This is the largest cross-border M&A transaction to date between India and China and was named "Infrastructure Deal of the Year 2010" by India Business Law Journal 2011. We previously advised GMR in its US$1.1 billion acquisition of the InterGen stake which, at closing, was the largest-ever acquisition of a global energy company by an Indian company. This transaction was named "Acquisition of the Year" by Infrastructure Journal 2009; "India Asset & Corporate Finance Deal of the Year" by Asian Legal Business 2009; and "M&A Deal of the Year" by India Business Law Journal 2008.
Jenoptik: Representation of Jenoptik AG in the sale of its subsidiary Jena-Optronik GmbH, which is operating its space business, to Astrium GmbH, a global leader in the aerospace industry.
Orascom Telecom: Representation of Orascom Telecom in the acquisition of a 19.3 percent interest in Hutchison Telecommunications International Limited from Hutchison Whampoa Limited for a total purchase price of HK$10.1 billion (US$1.3 billion).
Pacific Century Group: Representation of Hong Kong-based Pacific Century Group in its US$500 million acquisition of PineBridge Investments, AIG’s investment advisory and asset management business.
Qatar Holding: Representation of Qatar Holding LLC, the strategic and direct investment arm of the Qatar Investment Authority, on its purchase of US$2.719 billion of 6.75% Mandatorily Exchangeable Bonds due 2013 issued by Banco Santander, S.A., which are exchangeable into approximately 5% of the shares of Banco Santander (Brasil) S.A.
Rajawali Group: Representation of the Rajawali Group, an Indonesia-based diversified business group, in the international law aspects of the US$1.1 billion sale of a 23.7 percent stake in PT Semen Gresik, Indonesia’s largest cement company. The transaction is the largest block trade ever done in Indonesia.
Saudi Basic Industries Corporation (SABIC): Representation of SABIC in its US$3.28 billion joint venture with China Petroleum & Chemical Corporation (Sinopec).
SSAB Svenskt Stål AB (SSAB): Representation of SSAB in the US$4.038 billion sale of four subsidiaries that comprise SSAB's North American tubular business to Evraz Group, S.A., one of the world’s largest vertically integrated steel and mining businesses. SSAB acquired the North American tubular business in 2007 as part of its acquisition of Canadian steel producer IPSCO Inc. for approximately US$7.7 billion, a transaction in which we also served as lead counsel.
Sony Corporation: Representation of Sony Corporation on the sale of two of its consumer product manufacturing plants to Solectron Corporation, the US based electronics equipment maker, which provides manufacturing and supply-chain management services to major high-tech companies.
Weather Investments: Representation of Weather Investments SpA, a privately held telecommunications investment company controlled by the Sawiris family and Naguib Sawiris, in its €3.4 billion acquisition of Greek mobile operator TIM Hellas Telecommunications S.A.
WellPoint: Representation of WellPoint, Inc., one of the nation's largest health benefits companies, in its in its US$6.5 billion acquisition of WellChoice, Inc., the largest health insurer in the State of New York. We also advised WellPoint, Inc. in its sale of 1-800 CONTACTS, INC., a leading contact lens retailer, to Thomas H. Lee Partners, its related sale of 1-800 CONTACTS' glasses.com business to Luxottica and its prior acquisition of 1-800 CONTACTS, which was sold by private equity firm Fenway Partners.