It has been a lively November according to IFLR1000's selection of deal announcements, with deals across M&A, private equity and capital markets in a diverse range of sectors. The real estate, banking, and energy industries were the most active, and there were a number of landmark transactions in some of the less obvious markets.
French energy company EDF had a particularly busy month with multi-tranche bond issues at an aggregated value of $5.86 billion, and the acquisition of 51% of the reactor business of nuclear and renewable energy company Areva NP; and there was a rare multibillion-dollar inbound private equity deal in Japan where KKR bought a 41% stake in Calsonic Kansei from Nissan Motor for $4.5 billion.
Compared to this time last year, however, deal values have been a little bit lower with Latham & Watkins and White & Case leading the field and Vinson & Elkins, Potter Anderson & Corroon, and Richards Layton & Finger making notable appearances. Yet again, Kirkland & Ellis has seemingly entrenched itself in the top berth with 23 deals in November—its fifth month in a row at the top.
Elsewhere we have seen a number of landmark transactions in Central and Eastern Europe. Mid Europa Partners acquired Profi Rom Food for €533 million from Polish Enterprise Fund VI (PEF VI), which was the largest private equity acquisition in Romanian history; Energo-Pro Varna undertook a €130 million bond issue that was the largest bond issue in Bulgarian history; and Singapore sovereign wealth fund GIC acquired property company P3 Logistic Parks from TGP Real Estate and Ivanhoé Cambridge for €2.4 billion, which was the largest real estate acquisition ever in Czech Republic. Also the National Bank of Canada (NBC) became the first North American financial institution to issue a panda bond with its Rmb3.5 billion ($518 million) offering; and Ctrip, China's biggest international travel site, acquired Skyscanner for £1.4 billion.
If you have any public deal announcements you would like us to take into account for our reports please send them to - amajeed@iflr1000.com
As the year draws to a close, the EMEA launch of IFLR1000 Deal Data—a fully searchable database whose BETA version went live in May—has almost arrived. This database of significant deal records from over 120 countries will launch this November and will include searchable and filterable data on the most significant legal transactions from around the globe, and all of our featured monthly deals will be included along with many more garnered from the IFLR1000's own research, press releases and other deal announcements.
Below you can access our top picks for November 2016 linked to their record in the new deals database.
Adam Majeed - Asia-Editor
Mergermarket table 1 - Law firms by global M&A deal value
Mergermarket table 2 - Law firms by global M&A deal volume
Deal 1: Abbott Laboratories $15.1 billion notes issue
Jurisdictions: United States
Deal type: Investment grade bond/note issue
Industry sectors: Pharmaceuticals and life sciences
Deal 2: Alliar R$674.2 Million Bovespa IPO
Jurisdictions: Brazil
Deal type: IPO
Industry sectors: Healthcare, Technology and telecommunications
Deal 3: Blackstone €3.3 billion acquisition of OfficeFirst
Jurisdictions: Germany
Deal type: Private acquisition
Industry sectors: Real Estate
Deal 4: CTrip £1.4 billion acquisition of Skyscanner
Jurisdictions: China, Hong Kong, United Kingdom
Deal type: Public acquisition
Industry sectors: Consumer goods and services; Transport
Deal 5: EDF acquisition of Areva NP
Jurisdictions: France
Deal type: Public acquisition
Industry sectors: Energy
Deal 6: EDF $5.86 billion multi-tranche bond issues
Jurisdictions: France
Deal type: Investment grade bond/note issue
Industry sectors: Energy
Deal 7: Energo-Pro Varna €130 million 3.5% bond issue
Jurisdictions: Bulgaria
Deal type: Investment grade bond/note issue
Industry sectors: Energy
Deal 8: GIC €2.4 billion acquisition of P3 Logistic Parks from TPG Real Estate and Ivanhoé Cambridge
Jurisdictions: Italy, Czech Republic
Deal type: Private acquisition
Industry sectors: Real Estate
Deal 9: Iluka Resources £215 million acquisition of Sierra Rutile
Jurisdictions: Australia, United Kingdom, Sierra Leone
Deal type: Public acquisition
Industry sectors: Mining
Deal 10: KKR $4.5 billion acquisition of Calsonic Kansei
Jurisdictions: Japan
Deal type: Private acquisition
Industry sector: Automotive
Deal 11: Mid Europa Partners €533 million acquisition of Profi Rom Food
Jurisdictions: Romania
Deal type: Private acquisition
Industry sectors: Consumer goods and services, Food and beverage
Deal 12: National Bank of Canada $518 million panda bond issue
Jurisdictions: China
Deal type: Investment grade bond/note issue
Industry sectors: Banking
Deal 13: Nueva Era Pipeline
Jurisdictions: Mexico
Deal type: Project development, Project finance
Industry sectors: Oil and Gas
Deal 14: PNB Housing Finance $450 million Bombay Stock Exchange IPO
Jurisdictions: India
Deal type: IPO
Industry sectors: Real Estate
Deal 15: Samsung Electronics $8 billion acquisition of Harman International Industries
Jurisdictions: United States, South Korea
Deal type: Public acquisition
Industry sectors: Technology and telecommunications
Deal 16: Santander buys back 50% stake in asset management business
Jurisdictions: Spain, United Kingdom
Deal type: Private acquisition
Industry sectors: Banking, Investment management
Reporters
Sam Duke - Editor
Adam Majeed - Asia-Pacific Editor
Ben Naylor - EMEA Editor
John Crabb - Journalist EMEA
Jon Moore - Journalist EMEA
Wai Yee Tsang - Journalist Asia-Pacific
Rani Mehta - Journalist Latin America
Kurt Stumpo - Journalist - North America and the Caribbean