White & Case Transaction Named "M&A Deal of the Year" by The Deal
White & Case provided antitrust counsel to Grupo Bimbo in its US$959 million acquisition of Sara Lee, a transaction that has been named a 2011 "M&A Deal of the Year" by The Deal magazine. According to The Deal, the timing of the acquisition made it a "test case for the DOJ's antitrust unit and its new guidelines."
"Grupo Bimbo was one of the very first deals reviewed under the DOJ's new 2010 Merger Guidelines," said White & Case antitrust partner George Paul, who led the Firm's work. "We are pleased to see the deal receive the recognition it deserves, because it is truly path-breaking."
This marks the second time in recent months that an M&A deal worked on by White & Case antitrust advisers under the DOJ's new merger review guidelines has been recognized. The Firm's representation of Pilot Travel Centers in its Chapter 11 acquisition of Flying J, which created a company with a combined value of more than US$5 billion, received two recent awards. The Pilot deal was named both a 2011 "Turnaround Deal of the Year (Large Market)" and "Divestiture Deal of the Year" by The M&A Advisor.
In recent months, White & Case's Global Antitrust Practice has earned significant marketplace recognition. In January, legal publication Law360 named the Firm one of its top "Competition Practices of 2011," citing "the significance of litigation wins or deals worked on; the size and complexity of the litigation wins or deals worked on; and the number of significant, large or complex deals the firm worked on or lawsuits the firm had wins in." In 2011, Best Law Firms, a legal publication published jointly by US News Media Group and Best Lawyers, ranked the Firm as a tier-one antitrust practice in the United States, as well as in New York.
"Due to our practice's global focus, we are skilled in matters with a transnational context," said Mark Gidley, head of White & Case's Global Antitrust Practice. "We are well positioned to respond to nearly any antitrust action anywhere in the world."