Deals of the month

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Deals of the month



Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquistion

$10.4 billion

Vantiv Inc

Worldpay Group (United Kingdom)

Skadden, Arps, Slate, Meagher & Flom

Allen & Overy

Acquisition

$5.2 billion

Walgreens Boots Alliance

Rite Aid Corporation (Sale of 2,186 stores, related distribution assets and inventory)

Sidley Austin; Weil, Gotshal & Manges

Skadden, Arps, Slate, Meagher & Flom (Chase Wink); Jones Day

Acquisition

$2.8 billion

Internet Brands

WebMD Health Corp

Simpson Thacher & Bartlett (Rob Holo and Sophie Staples)

Shearman & Sterling (Ethan Harris and Ryan Au)

Acquisition

$2.2 billion (approx.)

A wholly owned subsidiary of Royal Philips Holding USA Inc

The Spectranetics Corporation

Sullivan & Cromwell (Eric Wang and Michelle Lu)


Acquisition

$2.6 billion

Liberty Interactive

HSN

Baker Botts

Davis Polk & Wardwell (David H Schnabel)

Acquisition

$2.3 billion (approx.)

L1 Retail

Holland & Barrett Retail (part of the Carlyle Group)

Jones Day

DLA Piper (Holland & Barret); Latham & Watkins (Carlyle Group)

Acquisition

$1.6 billion

Key Safety Systems Inc

Takata Corporation (Japan)

Skadden, Arps, Slate, Meagher & Flom (Stuart Finkelstein)

Nagashima Ohno & Tsunematsu; Weil, Gotshal & Manges

Acquisition

$1.4 billion (approx.)

Newly formed company controlled by KKR and Walgreens Boots Alliance

PharMerica Corporation

Simpson Thacher & Bartlett; Weil, Gotshal & Manges

Davis Polk & Wardwell (Rachel Kleinberg)

Acquistion

$1.4 billion

Michael Kors Holdings

Jimmy Choo

Slaughter and May (Sara Luder); Paul, Weiss, Rifkind, Wharton & Garrison

Freshfields Bruckhaus Deringer

Acquistion

$1.4 billion

Atlantic Broadband (a subsidiary of Cogeco Communications)

Harron Communications LP's MetroCast cable systems

Stikeman Elliott; Kirkland & Ellis

Morgan, Lewis & Bockius

Acquisition

$1.4 billion (approx.)

Red Ventures Holdco

Bankrate

Simpson Thacher & Bartlett

Wachtell, Lipton, Rosen & Katz

Acquisition

$1.2 billion (approx.)

LabCorp

Chiltern International

Hogan Lovells; Nixon Peabody

Hughes Hubbard; Macfarlanes

Acquisition

$1.2 billion (approx.)

The Washington Companies

Dominion Diamond Corporation

Skadden, Arps, Slate, Meagher & Flom (Dean Kraus and Lindsay Gwyer); Blake, Cassels & Graydon

Stikeman Elliott

Acquisition

$1.2 billion (approx.)

H&E Equipment Services Inc

Neff Corporation

Dechert

Akin Gump Strauss Hauer & Feld

Acquisition

$1.1 billion (approx)

Mitsubishi Tanabe Pharma Corporation

NeuroDerm

Davis Polk & Wardwell

White & Case; Meitar Liquornik Geva Leshem Tal

Acquisition

$1 billion

Bertelsmann SE & Co KGaA

Penguin Random House (22% stake from Pearson)

Davis Polk & Wardwell (Ethan R Goldman and Aliza Slansky); Slaughter & May (Tony Beare)

Freshfields Bruckhaus Deringer (Paul Davison); Morgan Lewis & Bockius (Richard Zarin)

Acquisition

$850 million

The Sage Group

Intacct Corporation

Skadden, Arps, Slate, Meagher & Flom (Nathan Giesselman)

Fenwick & West (Will Skinner and Michael Knobler)

Type of Deal

Value

ssuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Senior notes offering

$7 billion

Morgan Stanley


Davis Polk & Wardwell (Po Sit, Lucy Farr and Andrew Smith); Sidley Austin (Nicholas Brown and Joshua Lingerfelt)


Notes offering

$4.25 billion

Sumitomo Mitsui Financial Group


Davis Polk & Wardwell (John Paton, Alon Gurfinkel and Omer Harel)


Senior notes offering

$2.25 billion

General Motors Financial Company

AmeriCredit Financial Services

Davis Polk & Wardwell (Lucy Farr and Gil Savir)


Notes offering

$1.5 billion

Baidu


Skadden, Arps, Slate, Meagher & Flom





more across site & bottom lb ros

More from across our site

One expert argues the ERS would be unlikely to improve taxpayers’ experience unless it comes with additional funding to hire more agents and staff
From pillar two and amount B to Apple’s headline EU Commission dispute, Martin Bonner and Yiwen Ping of Kreston Global argue that 2024’s key TP developments will inform 2025
Holland & Knight, Nelson Mullins and McCarter & English made the joint-most tax partner hires in the US last year, according to annual ITR Talent Tracker data
Despite a three-year-high in tax revenues generated from settling TP cases, HMRC reported a sharp fall in resolved MAP disputes
Inflexion’s proposed minority stake in Baker Tilly Netherlands could propel the firm in the Dutch market, CEO Ronald Hoeksel tells ITR
While the US’s dramatic exit from the OECD’s global tax deal naturally grabbed headlines, Trump’s premeditated move shouldn’t detract from pillar two’s lofty ambitions
The ‘big four’ firm’s audit of gambling company Entain is under the spotlight; in other news, Ireland shrugs off Trump’s rejection of pillar two
Mid-market European private equity house Inflexion, which also backs law firm DWF, has agreed to acquire a minority stake in the Dutch tax advisory firm
Donald Trump’s inauguration, pillar two, APAs and TP were all up for discussion as ITR spoke to Baker McKenzie’s two newly minted US partners
In-house teams that want a balance of internal control and external expertise for pillar two should seriously consider co-sourcing models, Russell Gammon of Tax Systems argues
Gift this article