Earth sweltered to the third hottest August on record as M&A yet again proved to be as hot as the summer according to IFLR1000's selection of deal announcements, with healthy dealflow in the debt capital markets, especially in the investment grade and high yield space. Cutting across practice areas, in the past month the most active industries were transport, insurance, oil and gas, and technology and telecommunications.

Japanese tech company SoftBank has been hurtling billions of dollars into public and private tech companies in the past year, with some of these investments coming from the gargantuan $93 billion SoftBank Vision Fund that includes funds from Saudi Arabia's sovereign wealth fund and tech companies like Apple, Foxconn, Qualcomm and Sharp. One such example came this August with SoftBank's $4.4 billion Vision Fund investment in US office-sharing company WeWork; and the company furthered its investment strategy in India by investing $2.5 billion in Flipkart, an Indian e-commerce startup, which was the largest private investment in India's consumer technology space, and takes Softbank's total investment in India to $6 billion. 

M&A deal values were slightly lower this month at just over $45 billion at the top end of the market, with White & Case leading the field at a 150.8% value increase for itself when compared to this time last year. Kirkland & Ellis slotted into second place with just over $40 billion in deals—including acting for Bain and Cinven in its €5.3 billion takeover of Stada—but with 42 deals in August it took top place in the deal volume table for the eleventh time in the past 13 months. 

Elsewhere we have seen a number of landmark deals. Transocean—one of the world's largest drilling rig operators—bought Norwegian competitor Songa Offshore for NKr9.1 billion ($1.2 billion) in the biggest offshore drilling industry deal since oil prices collapsed three years ago; SPARC EM issued $618.71 million series 2017-1 notes to finance the construction of Line 2 of the Panama City Metro, which was the first time in Panama that bonds were backed by no-objection certificates (CDNOs), and the first time a transaction of this nature was listed on the Singapore Stock Exchange; and Total acquired Mærsk Olie og Gas (Maersk Oil & Gas) fora hefty $7.45 billion from Møller – Mærsk.

In the debt capital markets, Apple completed a C$2.5 billion maple bond offering that was Apple’s first ever Canadian dollar private placement offering; Tesla Motors made a $1.8 billion 5.3% high yield offering that was its first ever offering of high yield notes; and French electrical power transmission network Co-entreprise de Transport d'Electricite (CTE) issued €2.92 billion in bonds.

If you have any public deal announcements you would like us to take into account for our reports please send them to -

The EMEA launch of IFLR1000 Deal Data—a fully searchable database whose BETA version went live in May last year—is well underway with Asia-Pacific close at hand. This database of significant deal records from over 120 countries 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 August 2017 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: Allianz £500 million acquisition of 49% stake in LV =


Jurisdictions: United Kingdom

Deal type: Joint venture, Private acquisition 

Industry sectors: Insurance 

Deal 2: Apple C$2.5 billion maple bond offering

Jurisdictions: Canada

Deal type: Investment grade bond/note issue 

Industry sectors: Technology and telecommunications

Deal 3: Bain and Cinven €5.3 billion takeover of Stada

Jurisdictions: Germany

Deal type: Leveraged finance, Public acquisition

Industry sectors: Pharmaceuticals and life sciences 

Deal 4: Co-entreprise de Transport d'Electricite (CTE) €2.92 billion bond issue

Jurisdictions: France

Deal type: Investment grade bond/note issue 

Industry sectors: Energy 

Deal 5: Grandland Group €467 million acquisition of Permasteelisa

Jurisdictions: Italy

Deal type: Private acquisition 

Industry sectors: Construction and materials 

Deal 6: Leonard Green & Partners £2.4 billion acquisition of CPA Global

Jurisdictions: United Kingdom 

Deal type: Private acquisition

Industry sectors: Investment management 

Deal 7: Lima Metro Line 1 $316 million financing

Jurisdictions: Peru

Deal type: Project development, Project finance

Industry sectors: Transport

Deal 8: Metro de Panama $618.7 million securitization

Jurisdictions: Panama

Deal type: Project finance, Securitisation 

Industry sectors: Transport

Deal 9: Omantel $846 million acquisition of 9.84% in Zain

Jurisdictions: Kuwait

Deal type: Public acquisition 

Industry sectors: Technology and telecommunication 

Deal 10: SoftBank $4.4 billion investment in WeWork

Jurisdictions: United States, Japan 

Deal type: Financial investment  

Industry sectors: Real estate 

Deal 11: SoftBank $2.5 billion investment in Flipkart

Jurisdictions: India, Japan

Deal type: Financial investment

Industry sectors: Technology and telecommunications

Deal 12: Tesla Motors $1.8 billion 5.3% high yield offering

Jurisdictions: United States

Deal type: High-yield bond/note issue 

Industry sectors: Automotive 

Deal 13: Total $7.45 billion acquisition of Maersk Oil & Gas


Jurisdictions: United States, Denmark, France, United Kingdom 

Deal type: Private acquisition 

Industry sectors: Oil and gas 

Deal 14: Transocean NKr9.1 billion acquisition of Songa Offshore

Jurisdictions: Cyprus, Norway, Switzerland

Deal type: Public acquisition

Industry sectors: Oil and gas

Deal 15: VPBank HOSE IPO


Jurisdictions: Vietnam 

Deal type: IPO

Industry sectors: Banking

Deal 16: Yunfeng Financial Group $1.7 billion acquisition of MassMutual Asia

Jurisdictions: Hong Kong

Deal type: Public acquisition

Industry sectors: Insurance



Sam Duke - Editor

Adam Majeed - Asia-Pacific Editor

Ben Naylor - EMEA Editor

Jon Moore - Journalist EMEA

Jordan Hughes - Journalist EMEA

Wai Yee Tsang - Journalist Asia-Pacific

Rani Mehta - Journalist Latin America

Kurt Stumpo - Journalist - North America and the Caribbean

Katrin Kostadinova - Data Analyst - Global