M&A and Private Equity | White & Case LLP International Law Firm, Global Law Practice

M&A and Private Equity

We advised on 282 announced M&A deals with a US$339 billion+ aggregate value.

Transportation
Berkshire Hathaway investment in Pilot Flying J
We represented Pilot Flying J, the largest operator of travel centers in North America, and its shareholders, the Haslam Family, in the investment by Warren Buffett’s Berkshire Hathaway in a significant minority stake.

Infrastructure
Major Texas crude oil transportation system acquisition
We represented Global Infrastructure Partners in its US$1.825 billion acquisition of Medallion Gathering & Processing, LLC, owner of the largest privately held crude oil transportation system in the Permian Basin in West Texas.

Sports & entertainment
Houston Rockets sale
We represented Mr. Leslie Alexander and his affiliated entities in the US$2.2 billion sale of the Houston Rockets National Basketball Association (NBA) team and its interest in the Toyota Center to Houston businessman Tilman J. Fertitta and his affiliated entity, Fertitta Entertainment, Inc. The sale price was the largest of any NBA franchise.

Pharmaceuticals
Largest-ever acquisition of Israeli healthcare company
We represented NeuroDerm Ltd., an Israel-based clinical stage pharmaceutical company, in its US$1.1 billion sale to Mitsubishi Tanabe Pharma Corporation.

Transportation
Berkshire Hathaway investment in Pilot Flying J
We represented Pilot Flying J, the largest operator of travel centers in North America, and its shareholders, the Haslam Family, in the investment by Warren Buffett’s Berkshire Hathaway in a significant minority stake.

Infrastructure
Major Texas crude oil transportation system acquisition
We represented Global Infrastructure Partners in its US$1.825 billion acquisition of Medallion Gathering & Processing, LLC, owner of the largest privately held crude oil transportation system in the Permian Basin in West Texas.

Sports & entertainment
Houston Rockets sale
We represented Mr. Leslie Alexander and his affiliated entities in the US$2.2 billion sale of the Houston Rockets National Basketball Association (NBA) team and its interest in the Toyota Center to Houston businessman Tilman J. Fertitta and his affiliated entity, Fertitta Entertainment, Inc. The sale price was the largest of any NBA franchise.

Pharmaceuticals
Largest-ever acquisition of Israeli healthcare company
We represented NeuroDerm Ltd., an Israel-based clinical stage pharmaceutical company, in its US$1.1 billion sale to Mitsubishi Tanabe Pharma Corporation.

Utilities
Sempra Energy high-profile acquisition
We are representing US energy giant Sempra Energy in its proposed US$18.8 billion acquisition of Energy Future Holdings Corp. (EFH), a complex acquisition in connection with EFH’s bankruptcy proceedings and one of the highest-profile US transactions in 2017.

Technology
Sale of majority stake in SES-imagotag
We represented SES-imagotag, a specialist in digital solutions for retail commerce and a global leader in smart digital labels, on the acquisition by BOE Technology Group, a leader in the semiconductor display industry and “Internet of Things” technologies, associated with the management of SES-imagotag, of a majority stake in SES-imagotag based on an equity value of €410 million.

Chemicals/Industrials
Sale of leading Korean cement company
We represented Baring Private Equity Asia in its US$800 million sale of Halla Cement Co. Ltd., to Asia Cement Co. Ltd.

Power
US$17 billion sale of Calpine Corporation
We are representing US power generator Calpine Corporation in its sale to Energy Capital Partners and an investor consortium, announced in 2017.

Telecommunications
Sale of MegaFon interest
We represented Nordic telecoms operator Telia Company in the US$1 billion sale of its 19 percent holding in MegaFon, a leading federal mobile telecoms operator in Russia, to Gazprombank, Russia’s third-largest bank.

Consumer goods
Polish convenience store network sale
We represented Mid Europa Partners in the £1.1 billion sale of Żabka Polska to funds advised by CVC Capital Partners.

Payment solutions
Sweden’s largest 2017 M&A deal
We represented Ingenico Group, the global leader in seamless payments, in its €1.5 billion acquisition of Bambora, a fast-growing global player in the payments industry, from Nordic Capital.

Real estate
Public tender offer for Sponda
We represented Blackstone in its €3.8 billion (US$4 billion) recommended public tender offer for Sponda, a Helsinki-based real estate investment company.

Oil & gas
North Sea diversified portfolio acquisition
We represented Harbour Energy, Ltd., the energy investment vehicle managed by EIG Global Energy Partners, in its agreement to lead the US$3 billion acquisition by Chrysaor Holdings Ltd. of a diversified portfolio of oil and natural gas North Sea assets from Shell UK and its affiliates.

Giant JV breakup
We represented Saudi Aramco and its US affiliates in the distribution of the assets of Motiva Enterprises LLC between Saudi Aramco and its joint venture partner, Royal Dutch Shell PLC. The breakup results in ownership by Saudi Aramco affiliates of an integrated downstream network, including the largest US oil refinery.

 

 

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