Фирма «Клири Готтлиб» представляет интересы широкого круга разнообразных международных и национальных компаний и финансовых организаций при осуществлении не только крупнейших, но и нередко первых в своем роде сделок по слиянию и поглощению, которые задают тон и создают прецедент для всей соответствующей отрасли экономики в целом. Мы чрезвычайно успешно проводим сделки по слиянию и поглощению компаний на национальном уровне в США, Европе, Латинской Америке и Азии, при этом благодаря накопленному нами опыту и нашей интегрированной международной практике мы не менее успешно проводим такие сделки и на международном уровне. Большинство партнеров нашей фирмы, занимающихся сделками по слиянию и поглощению, в каком бы офисе они ни работали, отмечены в числе ведущих специалистов в своей области рядом авторитетных независимых обозревателей и изданий, таких как «Чэмберс» (Chambers) и «Зе Америкэн Лойер» (The American Lawyer). Наши специалисты в США, Европе и Азии досконально разбираются в местных законах и обычаях делового оборота и завоевали высокую международную репутацию благодаря своей работе над широко известными сделками во всем диапазоне отраслей экономики.
Мы регулярно предоставляем консультации компаниям и их советам директоров по поводу поглощения других компаний, слияния с другими компаниями, поглощения их другими компаниями и предотвращения недружественных поглощений. При работе над каждой сделкой юристы фирмы «Клири Готтлиб» стремятся понять и уяснить себе потребности клиента, а показателем успешности своей работы мы считаем то, в какой мере нам удалось удовлетворить или предвосхитить его потребности. Наши специалисты по вопросам слияния и поглощения имеют возможность задействовать любые необходимые для сопровождения той или иной сделки ресурсы нашей фирмы, работая при этом во взаимодействии с нашими ведущими специалистами по корпоративным вопросам, ценным бумагам, финансовым вопросам, антимонопольному законодательству, налогообложению, вознаграждениям и компенсациям руководящих работников. Среди заслуживающих внимания дел с нашим участием можно упомянуть представительство интересов:
- целого ряда крупнейших финансовых организаций по всему миру в связи с осуществлением ими сделок по слиянию и поглощению;
- некоторых из наиболее известных фирм, занимающихся выкупом акций компаний за счет привлеченного финансирования и частных инвестиционных компаний, в связи с осуществлением ими приобретений и инвестиций;
- советов директоров и специальных комитетов крупнейших корпораций в связи с осуществлением сделок по изменению контроля над корпорацией, по преобразованию корпорации из публичной в закрытую, а также по слиянию и поглощению в конфликтных ситуациях;
- нескольких крупных технологических компаний в связи с осуществлением целого ряда приобретений;
- приобретателя в ходе осуществления им первого в истории зарубежного поглощения итальянского банка;
- Участник двух из пяти крупнейших в Германии публичных сделок по поглощению компаний со времени принятия в Германии закона о поглощениях в 2002 году;
- Сторона в сделках по осуществлению крупнейших в истории иностранных инвестиций в китайскую компанию;
- приобретателя в ходе осуществления первого в своем роде согласованного в результате переговоров тендерного предложения в соответствии с новыми правилами проведения сделок по слиянию и поглощению, утвержденными Комиссией по ценным бумагам и биржам США;
- сторон в ряде крупнейших сделок в секторе рекламы/маркетинга/связей с общественностью;
- первого успешного приобретателя акций в рамках недружественного тендерного предложения, которое привело к принятию штатом Делавэр закона, направленного против поглощений;
- участников ряда крупнейших национальных и международных совместных предприятий.
Shorten »
May 14, 2013
Cleary Gottlieb is representing Itaú Unibanco, Latin America’s largest bank by market value, in the acquisition of Citigroup’s Brazilian consumer finance business (including its credit card business) for 2.77 billion reais ($1.37 billion). The deal signed and was announced after market close on Tuesday, May 14, 2013.
May 22, 2012
Cleary Gottlieb represented Google in its acquisition of Motorola Mobility. The purchase includes Motorola’s 17,000 patents and marks Google’s largest-ever acquisition. The deal closed on May 22 following approval by antitrust authorities. Cleary Gottlieb advised on the M&A, U.S. and EU antitrust, intellectual property, employee benefits and executive compensation, litigation, tax, securities law, real estate and environmental, and general corporate aspects of the deal.
Dec 19, 2012
Cleary Gottlieb is representing Google in the sale of its Motorola Home Business, which makes cable set-top boxes, among other items, to ARRIS Group, a cable equipment manufacturer. The transaction, valued at approximately $2.35 billion, was announced December 19 and is expected to close in the second quarter of 2013. Upon closing of the transaction, Google will receive cash and newly issued ARRIS shares.
Apr 15, 2013
Cleary Gottlieb is representing the Board of Directors and Special Committee of National Financial Partners Corp. in the acquisition of NFP by affiliates of Madison Dearborn Partners. The all-cash merger, which was announced on April 15 and is expected to close in the third quarter, has an equity value of approximately $1.3 billion, including the value of NFP’s convertible notes.
NFP and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP’s national scale and resources.
Feb 16, 2012
Cleary Gottlieb represented Sony on its acquisition of Ericsson’s 50 percent stake in Sony Ericsson Mobile Communications AB, making the mobile handset business a wholly-owned subsidiary of Sony.
The transaction will provide Sony with a broad IP cross-licensing agreement and ownership of five essential patent families and will give Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices.
Apr 22, 2013
Cleary Gottlieb is representing ABB, a Swiss industrial engineering company, in ABB’s ongoing acquisition of Power-One for approximately $1 billion in cash. ABB is headquartered in Zurich, Switzerland, and is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. Power-One is a provider of power conversion and power management solutions, in particular for the renewable energy sector. The deal was announced on April 22 and is expected to close in the second half of this year.
Jan 31, 2013
Cleary Gottlieb is representing Scientific Games, a supplier of lottery systems and instant tickets, in connection with SG’s acquisition of WMS Industries, a designer, manufacturer and distributor of reel-spinning and video gaming devices, for $1.5 billion in cash. The deal was announced on January 31.
The transaction is the largest deal in leisure and recreational products in almost two years, creating a global supplier of lottery equipment and slot machines. The acquisition is expected to be completed by the end of this year and produce annual savings of about $90 million.
Nov 20, 2012
Cleary Gottlieb represented Dollar Thrifty Automotive Group in its acquisition by Hertz Global Holdings. The transaction received antitrust clearance by the U.S. Federal Trade Commission (FTC) on November 15 and the deal closed on November 20. This transaction involved multiple competing bids by Hertz and Avis over 30 months and was closely scrutinized by the FTC.
The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options through its strong premium and value brands. Cleary Gottlieb advised Dollar Thrifty on all aspects of the transaction including the M&A, antitrust, employee benefits, litigation, tax, securities, structured finance, intellectual property, and general corporate aspects of the deal.
Mar 11, 2013
Cleary Gottlieb represented Ivanhoé Cambridge in a €1 billion joint investment with Blackstone in debt secured by Gecina shares. On March 11, 2013, Ivanhoé Cambridge and Blackstone entered into limited partnership agreements in relation to a joint investment through various Canadian and Luxembourg entities in (i) the debt of certain Gecina shareholders secured by pledges over their Gecina shares and (ii) Gecina shares.
Ivanhoé Cambridge and Blackstone have already invested approximately €1 billion in such debt through this investment structure (as of March 11, 2013). In particular, they now hold more than 60% of the debt (secured by Gecina shares) of Alteco Gestión y Promoción de Marcas and Mag-Import, two of the three largest Gecina shareholders, which are both currently in insolvency proceedings in Spain.
Gecina is a French real estate investment company (so-called “SIIC”) listed on Euronext Paris, and one of the leading French real estate groups. It owns, manages and develops property holdings worth €11 billion as of December 31, 2012.
Ivanhoé Cambridge is a Canadian real estate subsidiary of “Caisse de dépôt et placement du Québec” (one of Canada's leading institutional fund managers) and operates in real estate investment, development, asset management and building operations. It holds assets in more than 20 countries worth more than Cdn$30 billion as of December 31, 2011.
Blackstone is one of the world’s leading investment and advisory firms. Its businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds, as well as various financial advisory services.
May 17, 2012
Cleary Gottlieb is representing Agilent Technologies, Inc. in its $2.2 billion acquisition of Danish cancer diagnostics company Dako A/S from EQT, the Sweden-based private equity group.
The transaction, which was announced on May 17 and is Agilent's largest ever acquisition, is expected to close within 60 days pending regulatory clearances.
Agilent is the world's premier measurement company and a technology leader in chemical analyses, life sciences, electronics and communication. Dako is a global leader in tissue-based cancer diagnostics, providing know-how, reagents, instruments and software to hospitals and research laboratories in more than 100 countries worldwide. Agilent's strategy in acquiring Dako is to strengthen its presence in life sciences while combining with a complementary company to produce revenue synergies.
Jan 22, 2013
Cleary Gottlieb is representing Atlantic Tele-Network in the sale of its domestic retail wireless business operating under the Alltel name in Georgia, North Carolina, South Carolina, Illinois, Ohio and Idaho to AT&T for $780 million in cash. The transaction was announced on January 22 and is subject to a number of customary conditions, including HSR and FCC clearance. It is expected to close in the second half of 2013.
ATN is a telecommunications service provider to rural, niche and other under-served markets. The regional retail wireless business was acquired from Verizon in 2010, as part of divestitures Verizon was required by regulators to make in connection with its acquisition of Alltel.
Jul 16, 2012
Cleary Gottlieb represented GlaxoSmithKline in connection with its unsolicited tender offer to acquire Human Genome Sciences and the subsequent negotiated acquisition of HGS for approximately $3.6 billion on an equity basis.
GSK is one of the world's leading research-based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer. HGS is a biopharmaceutical company that exists to place new therapies into the hands of those battling serious disease.
Apr 26, 2012
Cleary Gottlieb represented Asahi Kasei Corporation in its acquisition through a cash tender offer all of the outstanding common stock of Massachusetts-based ZOLL Medical Corporation, a manufacturer of resuscitation and critical care devices and related software solutions, for $93 per share. The transaction, which is valued at approximately $2.21 billion, was announced on March 12 and closed on April 26.
Asahi Kasei has identified health care as a key strategic sector that will power a new phase of growth for the group, and believes that the acquisition represents a significant milestone in fulfilling its core vision for the health care sector: improving patient quality of life through the creation of innovative technologies and devices for critical care. The acquisition extends the development of Asahi Kasei's “Health Care for Tomorrow” project, a key focus of which is the resuscitation and critical care sector, an area where ZOLL is already a market leader in the United States and has a strong international market presence.
Apr 03, 2012
Cleary Gottlieb is representing Biomet in connection with its offer to acquire the global trauma business of DePuy Orthopaedics, Inc., a Johnson & Johnson company, for approximately $280 million. The transaction was announced on April 3.
Biomet is an Indiana-based company and a global leader in the manufacture of musculoskeletal medial products.
Feb 01, 2013
Cleary Gottlieb is representing Goldman Sachs as financial advisor to Banco Bilbao Vizcaya Argentaria (BBVA), in connection with the sale to MetLife of BBVA’s interest in Administradora de Fondos de Pensiones Provida (Provida), the largest private pension fund administrator in Chile. Under the terms of the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida, and BBVA has agreed to transfer its 64.3% stake to MetLife for approximately $1.29 billion. The transaction was announced on February 1 and is expected to close during the third quarter of 2013, subject to the receipt of Chilean regulatory approvals.
BBVA is a multinational Spanish banking group.
MetLife is one of the world’s largest providers of insurance, annuities and employee benefit programs.
Mar 21, 2013
SuperMedia filed a prepackaged chapter 11 proceeding on March 18, 2013 to effectuate its proposed merger with Dex One Corporation, which also filed a prepackaged chapter 11 case on the same day. The prepackaged plans, which have the overwhelming support of the companies' respective secured lenders and stockholders, provide for the consummation of the merger, subject to bankruptcy court approval and other conditions.
The proposed merger was first announced in August 2012, and required certain amendments to SuperMedia and Dex One’s loan agreements. Outside of a court process, these amendments would require consent of each lender under the affected loan agreements, but under bankruptcy law, the amendments can be approved with the consent of only one-half of lenders holding two-thirds in amount of the loans under the affected loan agreements. Although SuperMedia did not obtain the consent of every lender, it did obtain acceptance of its prepackaged plan by lenders holding more than 91 percent of the outstanding loans.
Prior to filing the chapter 11 proceeding, SuperMedia also solicited its stockholders for approval of the prepackaged plan. Under the prepackaged plan, stockholders are to receive the same treatment they would receive if the merger was consummated outside of bankruptcy. It is anticipated that SuperMedia stockholders will hold approximately 40 percent of the stock of the combined company, Dex Media, and that Dex One stockholders will hold the remaining shares. Of the SuperMedia stock that voted, over 99 percent voted to accept SuperMedia's prepackaged plan.
Dex One’s lenders and stockholders have also voted to accept Dex One’s prepackaged plan. Under the prepackaged plans, unsecured creditors of SuperMedia and Dex One will be unimpaired and entitled to full payment of their allowed claims.
The court has scheduled a hearing to consider approval of the prepackaged plans on April 29, 2013.
Aug 10, 2012
Cleary Gottlieb is representing Bank of America Merrill Lynch in the sale of its non-U.S. wealth management business to Julius Baer Group Ltd. The sale and purchase agreement was executed on August 10. The transaction is subject to regulatory and other approvals and is expected to close in stages starting in the fourth quarter of 2012 or in early 2013.
BAML’s non-U.S. wealth management business is a global business, with over 2,000 employees and approximately $84 billion of assets under management as of the end of June. The transaction will be effected through a combination of share sales and asset sales across over twenty jurisdictions. The consideration for the transaction will depend on assets under management that are transferred to Julius Baer. Up to $250 million of such consideration will be in the form of shares of Julius Baer, with the remainder being paid in cash. In conjunction with the sale, BAML and Julius Baer will also enter into a cooperation agreement whereby BAML will provide certain products and services to Julius Baer and BAML and Julius Baer will refer clients to each other.
Sep 30, 2011
Cleary Gottlieb is representing Family Dollar Stores in its entry into an agreement pursuant to which Trian is withdrawing its unsolicited $7.7 billion takeover proposal and accepting standstill restrictions in exchange for Family Dollar's agreement to have a designee of Trian serve on the board of directors for the next two fiscal years. Following the announcement of Trian's unsolicited proposal earlier this year, Cleary Gottlieb has been advising the board of directors of Family Dollar on the adoption of a stockholder rights plan and its decision to reject Trian's proposal.
M&A Practice Group of the Year
Law360 (2013)
Corporate/M&A Firm of the Year
Chambers Latin America (2010)
Five of the Top M&A Deals of the Year
(Google/Motorola Mobility, Dexia’s breakup, Grupo Bimbo/Sara Lee, Nortel’s patent auction, Bank of America’s asset sales)
The Deal (2012)
Commended Firm for Intellectual Property
(Google's $12.5 billion acquisition of Motorola Mobility)
Financial Times - U.S. Innovative Lawyers Report (2012)
Highly Commended Firm for Corporate
(Family Dollar's hostile takeover bid from Trian)
Financial Times - U.S. Innovative Lawyers Report (2012)
Energy & Natural Resources Deal of the Year
(Shandong Iron & Steel Group's $1.5 billion investment in African Minerals Limited)
China Law & Practice (2012)
Best Cross-Border M&A Deal
(AEI’s sale of Latin American assets)
LatinFinance (2012)
Outbound Investment Deal of the Year
(Cementos Argos' acquisition of Lafarge's U.S. assets)
Latin Lawyer (2012)
America's M&A Deal of the Year,
M&A Deal of the Year
(Nortel’s patent auction)
International Financial Law Review (2012), Managing Intellectual Property (2011)
M&A Deal of the Year
(Grupo Bimbo’s acquisition of Sara Lee’s bakery assets)
Managing Intellectual Property (2011)
#1 in Russian M&A
mergermarket, 2012 Rankings (Value)
#2 in French M&A
mergermarket, 2012 Rankings (Value)
#2 in UK M&A
mergermarket, 2012 Rankings (Value)
#3 in Emerging Markets M&A
Thomson Reuters, 2012 Rankings (Announced, value)
#4 in Middle East & North African M&A
Thomson Reuters, 2012 Rankings (Completed, value)
M&A Deal of the Year, Americas M&A Deal of the Year
(Heineken’s acquisition of FEMSA’s beer operations)
Latin Lawyer (2011), International Financial Law Review (2011)
Europe M&A Transaction of the Year
(Merck & Co./sanofi-aventis joint venture)
Global Competition Review (2011)
“With unparalleled strength in Latin America, this firm is also renowned for its prominent teams in New York, Europe and Asia. It has also consolidated its global presence through the opening of new offices in Seoul and Abu Dhabi. The practice has a broad and deep bench of corporate specialists and earns particular praise for its expertise on mandates in the technology and other IP-intensive sectors.”
Chambers Global (2013)
“The dexterity and experience of this firm’s New York and Washington, DC teams allow it to remain at the vanguard of corporate activity, especially in the technology, IP and pharmaceutical industries. Lawyers have been prominent on some of the largest deals of the year. ‘I think the Cleary team was very professional, knew what it was doing, and all the legal processes were done very slickly.’”
Chambers USA (2013)
“This premium team remains a top choice for the largest and most complicated transactions, particularly privatisations and nationalisations. Its recent history has been dominated by financial crisis work … ‘An extremely good service. The Rolls-Royce for large transactions.’”
Chambers Europe (2013)
“Cleary Gottlieb has long set the standard for corporate legal services in Latin America. Clients are unanimous in their praise for the group’s efficiency, experience and dedication. … ‘We couldn’t ask more of the team: they worked round the clock, weeks on end, always with the best attitude and delivering the highest quality.’”
Chambers Latin America (2013)
“This 55-lawyer practice handles all facets of complex and sophisticated corporate transactions covering cutting-edge M&A, private equity, capital markets and restructuring issues. It advises on inbound investments into the Asian region and outbound transactions by PRC and Hong Kong-based corporates. Sources say: ‘For public M&A they are my preferred advisory lawyers.’”
Chambers Asia (2013)
“Sources praise Cleary Gottlieb for its expertise in all aspects of domestic and cross-border M&A across Europe, Asia and the USA. Its office opening in São Paulo strengthens its already significant Latin America capability. The firm has been particularly active in the energy and resources sector, and as counsel to financial institutions and consumer product companies. ‘Cleary proved to be of invaluable help in keeping the deal moving forward effectively and liaising with our local counterpart.’”
Chambers Global (2012)
“This potent group can handle all manner of complicated corporate transactions and has a special niche in technology deals. … The team also has M&A expertise within the energy, life sciences and financial services sectors. … ‘Brilliant and impressive, really know their stuff. They have the people, the smarts and the technical skills.’”
Chambers USA (2012)
“Admiring feedback from all sides reflects this U.S. firm’s continuing and undisputed membership of the M&A elite. Sources enthuse about this sizeable group’s breadth and depth of practice, and its ability to bring serious gravitas to a case. It focuses on the high end of the market. Its capacity and quality of work are excellent both on the international and on the domestic level. ‘The best U.S. firm on the market for corporate and M&A, offering a great depth of practice.’ ‘Doing an excellent job across the board.’”
Chambers Europe (2012)
“This U.S. firm is often chosen by clients for some of the more complex and innovative deals that arise in the Asia market. Sources say: ‘Excellent service.’ ‘They were invaluable in helping to move the deal forwards effectively.’”
Chambers Asia (2012)
“According to clients, Cleary Gottlieb is ‘synonymous with expertise, knowledge and reliability.’”
Chambers UK (2012)
The firm’s “‘overall service level is extraordinary. The attorneys are available 24/7, have excellent business acumen and knowledge, and give sound advice. … I have always felt that I got excellent value for the money spent.’”
The Legal 500 U.S. (2012)
“Clients see the firm as ‘a long-term partner that brings not only legal knowledge but also a good practical business sense’…. ‘It is global in nature, has great local insights and has some of the best talent I have seen in the industry.’”
The Legal 500 Latin America (2012)
|
|