S&C is the top-ranked counsel to financial advisers in global M&A transactions announced last year, measured both by total deal value as well as by number of deals. S&C’s M&A Financial Advisory Practice advised on deals totaling $264 billion in 2020, representing a 30 percent market share. As a leading law firm for global M&A transactions, S&C has advised financial advisers on nearly 300 M&A transactions totaling $1.3 trillion in deal value since 2015.
During 2020, S&C advised a broad range of leading financial advisers on transactions spanning sectors including financial services, pharmaceuticals, technology, consumer and retail, and oil and gas. The Firm advised Barclays, BofA Securities, BMO Financial Group, Centerview Partners, CICC, Duff & Phelps, Evercore, Financial Technology Partners, Goldman Sachs, Guggenheim Securities, Houlihan Lokey, J.P. Morgan Securities, Lazard, LionTree Advisors, Morgan Stanley, Perella Weinberg Partners and Rothschild in their capacity as financial advisers in, among others, the following M&A matters:
- Acadia Healthcare Company in the $1.47 billion pending sale of its U.K. operations to Waterland Private Equity;
- Aerojet Rocketdyne Holdings in its $5 billion pending acquisition by Lockheed Martin;
- Agios Pharmaceuticals in the $2 billion pending sale of its commercial, clinical and research-stage oncology portfolio to Servier;
- Analog Devices in its $21 billion pending acquisition of Maxim Integrated Products;
- eBay in the $9.2 billion pending transfer of its Classifieds business to Adevinta;
- Grubhub in its $7.3 billion pending acquisition by Just Eat Takeaway.com;
- HD Supply Holdings in its $8 billion acquisition by The Home Depot;
- HMS in its $3.4 billion pending acquisition by Veritas Capital-backed Gainwell Technologies;
- Macquarie Infrastructure in the $2.69 billion sale of its International-Matex Tank Terminals business to Riverstone Holdings;
- MyoKardia in its $13.1 billion acquisition by Bristol Myers Squibb;
- National General Holdings in its $4 billion acquisition by The Allstate Corporation;
- PetroChina Company in the $40 billion sale of certain of its pipeline business and other assets to China Oil & Gas Pipeline Network;
- S&P Global in its $44 billion pending acquisition of IHS Markit; and
- Slack Technologies in its $27.7 billion pending acquisition by Salesforce.com.
S&C partners involved in M&A financial adviser matters in 2020 included Stephen Kotran (M&A Financial Advisory Practice Leader), Frank Aquila, Carsten Berrar (Frankfurt), Max Birke (Frankfurt), Garth Bray (Hong Kong), Audra Cohen, Mitch Eitel, Jared Fishman, Matthew Goodman, Matthew Hurd, Eric Krautheimer (Los Angeles), Kay Ian Ng (Hong Kong), Rita-Anne O’Neill (Los Angeles), Keith Pagnani, Ben Perry (London), Alison Ressler (Los Angeles), George Sampas, John Savva (Palo Alto), Melissa Sawyer, Joseph Shenker, Konstantin Technau (Frankfurt) and Gwen Wong (Beijing).