S&C’s M&A Financial Advisory and Valuation Practice led all law firms globally in representations of financial advisers in M&A transactions in 2025, advising on more than $319 billion of announced deals, according to Bloomberg. From 2016 to 2025, S&C has counseled financial advisers on nearly 530 M&A transactions totaling more than $2.2 trillion in deal value and representing a 22 percent market share.
The Firm advised Ardea Partners, Barclays, BofA Securities, Centerview Partners, Citigroup, Evercore, FT Partners, Goldman Sachs, Greenhill, Houlihan Lokey, J.P. Morgan, Lazard, LionTree, Macquarie Capital, Morgan Stanley, PJT Partners, Rothschild, Scotia Capital, UBS and Wells Fargo in their capacity as financial advisers in announced M&A matters during 2025. These matters include advising:
- PJT Partners and J.P. Morgan Securities as financial advisers to Kimberly-Clark in its $48.7 billion pending acquisition of Kenvue;
- Goldman Sachs and PJT Partners as financial advisers to FIS in connection with Global Payments’ $24.3 billion acquisition of Worldpay from FIS and affiliates of GTCR and FIS’ concurrent $13.5 billion acquisition of Global Payments’ Issuer Solutions business;
- BofA Securities as financial adviser to Google in its $32 billion pending acquisition of Wiz;
- Lazard as financial adviser to Keurig Dr Pepper in its $22.5 billion pending acquisition of JDE Peet’s;
- Goldman Sachs as exclusive financial adviser to Black Hills in its pending merger with Northwestern Energy Group;
- Goldman Sachs & Co. and Centerview Partners as financial advisers to Baker Hughes in connection with Baker Hughes’ $13.6 billion pending acquisition of Chart Industries;
- Lazard as financial adviser to the board of directors of Beacon Roofing Supply in its $11 billion acquisition by QXO;
- Barclays as financial adviser to Terex Corporation in its $9 billion pending merger with REV Group;
- UBS Securities as financial adviser to Veeco Instruments in its agreement to combine with Axcelis Technologies in a $4.4 billion all-stock merger;
- Wells Fargo and Goldman Sachs & Co. as financial advisers to Brighthouse Financial in its $4.1 billion pending acquisition by Aquarian Capital;
- Morgan Stanley as financial adviser to the Special Committee of Soho House & Co in the $2.7 billion acquisition of its outstanding shares not held by certain significant shareholders by an investor group led by MCR and its Chairman and CEO Tyler Morse;
- Centerview Partners LLC as lead financial adviser to MeridianLink in its $2 billion acquisition by funds advised by affiliates of Centerbridge Partners;
- Evercore as financial adviser to FuboTV in connection with The Walt Disney Company’s $1.1 billion combination of its Hulu + Live TV business with Fubo, forming a combined virtual MVPD company; and
- Macquarie Capital as exclusive financial adviser to the Independent Committee of the Board of Directors of Golden Entertainment in its pending sale of operating assets to Blake L. Sartini and affiliates and seven of its casino real estate assets to VICI Properties.