S&C’s Global M&A Financial Advisory Practice Sees Strong Start in Q1 of 2021

April 12, 2021

S&C's M&A Financial Advisory Practice has continued its strong performance as counsel to financial advisers in global M&A transactions, advising on announced deals totaling $43 billion in the first quarter of this year. S&C was the top-ranked counsel to financial advisers in global M&A transactions for 2020, advising on deals totaling $264 billion, representing a 30 percent market share. As a leading law firm for global M&A transactions, S&C has advised financial advisers on more than 250 M&A transactions totaling $1.1 trillion in deal value since 2016.
 
S&C advised a broad range of leading financial advisers, including BarclaysEvercore, Goldman Sachs, Greenhill & Co., Guggenheim Securities, Morgan Stanley, Perella Weinberg Partners, Rothschild and UBS in, among others, the following M&A matters:

  • Apollo Global in its $11 billion pending merger with Athene
  • FLIR Systems in its $8 billion pending acquisition by Teledyne Technologies
  • Jazz Pharmaceuticals in its $7.2 billion pending acquisition of GW Pharmaceuticals
  • Acacia Communications in its $4.5 billion acquisition by Cisco
  • McAfee in its $4 billion pending sale of its Enterprise business to a consortium led by Symphony Technology Group 
  • Hygo Energy Transition, a 50-50 joint venture between Golar LNG and Stonepeak Infrastructure Fund II Cayman (G) Ltd., in its $3.1 billion pending acquisition by New Fortress Energy
  • Allianz in its €2.5 billion pending purchase of the life and non-life insurance operations, as well as pension and asset management business from Aviva Group, and pending acquisitions of a majority stake in Aviva's life and non-life bancassurance joint ventures with Santander, setting Allianz to become the fifth largest insurer in Poland 
  • Annaly Capital Management in its $2.3 billion pending sale of its Commercial Real Estate business to Slate Asset Management
  • Glu Mobile in its $2.1 billion pending acquisition by Electronic Arts
  • NextGen Acquisition Corp., a publicly traded SPAC, in its pending business combination with Xos Inc., which will result in Xos becoming a publicly listed company with a $2 billion equity value, and the $220 million PIPE in connection with the merger
S&C partners involved in M&A financial adviser matters in the first quarter of 2021 include Stephen Kotran, Nikolaos Andronikos (London), Carsten Berrar (Frankfurt), Matthew Goodman, Alison Ressler (Los Angeles), John Savva (Palo Alto) and Melissa Sawyer.