White & Case Deal Wins "International Energy Deal of the Year" and "M&A Deal of the Year (Over US$1 Billion)"
White & Case advised on a GMR Group transaction that won two M&A Advisor "Deal of the Year" awards: "International Energy Deal of the Year" and "M&A Deal of the Year (Over US$1 Billion)." The awards were presented at The M&A Advisor's 3rd Annual International M&A Awards, held on October 13, 2011, at the Cornell Club in New York City.
The awards were in recognition of GMR Group's US$1.232 billion sale of its 50% stake in the global power generation company, InterGen N.V., to China Huaneng Group, China's largest power generation company.
The transaction, which marks the largest cross-border M&A transaction between India and China to date, was also named "Infrastructure Deal of the Year 2010" by India Business Law Journal 2011.
The White & Case team advising on the acquisition was led by Nandan S. Nelivigi in New York. Other members of the team included: New York: Someera Khokhar, David Dreier, Amiko Sudo, Laura Chang, Alexandra de la Plante; Shanghai: John Leary; Washington, DC: Earle O'Donnell, Zori Ferkin; London: David Eisenberg, Elizabeth Palmer; Brussels: Suzanne E. Innes-Stubb, Ian Reynolds; Mexico City: Hernan Gonzalez.
White & Case 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.