S&C Tops M&A Rankings for Global and U.S. Dealmaking for First Half of 2023

In the first half of 2023, Sullivan & Cromwell led all law firm advisers in announced global and U.S. deals, according to Bloomberg and Refinitiv. The Firm advised on announced deals totaling $210 billion worldwide, representing a 15.8 percent market share, based on data from Refinitiv.

S&C ranked first in the following categories for the first half of 2023, per Refinitiv:

• Global deals ($210 billion)
• U.S. deals ($152.5 billion)
• U.S. deals representing target ($143 million)
• Europe completed deals ($82.5 billion)
• France completed deals ($21 billion)

Melissa Sawyer, Global Head of M&A, told The American Lawyer that the firm has “been staying busy” because of its diverse practice. “We’ve been able to flex our creativity by porting over techniques from different geographies and different industries to get deals done, even when we’ve faced tricky macro or regulatory challenges,” she said.

To date in 2023, S&C has advised:

• Credit Suisse in its merger with UBS;
• Majorel's €3 Billion Proposed Public Takeover by Teleperformance;
• Seagen in its $43 billion pending acquisition by Pfizer—the largest deal announced in 2023;
• New York Community Bancorp subsidiary Flagstar Bank in the acquisition of assets and liabilities from Signature Bridge Bank.