IFLR1000's selection of deal announcements from May 2016 draws attention to some scarcely believable deal values in the pharmaceuticals and technology, media and telecommunications sectors. Bayer—the German chemical and pharmaceutical company—soldiered on in its attempt to acquire US agrochemical company Monsanto with a $62 billion bid; and Charter Communications successfully completed its whopping $78.7 billion acquisition of Time Warner Cable under condition from New York’s Public Service Commission that it upgrades broadband speeds statewide, as well as expand broadband services in under-served areas and provide more lower priced internet packages.
Sullivan & Cromwell sat comfortably on top of the pile in the value stakes—no doubt owing much to its work on Bayer’s bid for Monsanto—and Kirkland & Ellis led in deal volume with 23 deals in May.
Elsewhere we saw more billion dollar deals in pharmaceuticals as Pfizer acquired Anacor Pharmaceuticals for $5.2 billion; the Chinese continued to look to buy into the high tech space as home appliance maker Midea Group made a $4.5 billion proposal to buy German robot maker Kuka; and while offshore wind farms picked up speed in the British Isles, Japan’s addiction to solar in post-Fukushima life failed to abate as Trina Solar embarked on a mega solar power project in Ishinomaki.
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
It has been a full month now since we went live with the first Beta model of our new Deals Database, which includes searchable and filterable data on the most significant legal transactions from around the globe, 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 17 picks for May 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: Banco Hipotecario $150 million notes offering
Jurisdictions: Argentina
Deal type: Investment grade bond/note issue
Industry sectors: Banking
Deal 2: Bayer $62 billion bid for Monsanto
Jurisdictions: United States, Germany
Deal type: Public acquisition
Industry sectors: Pharmaceuticals and life sciences, Food and beverage, Agriculture
Deal 3: Beatrice 588MW Offshore Wind Farm
Jurisdictions: United Kingdom
Deal type: Project development, Project finance
Industry sectors: Energy
Deal 4: Bluesky Hotels and Resorts $1.6 billion acquisition of InnVest Real Estate Investment
Jurisdictions: Canada
Deal type: Public acquisition
Industry sectors: Real estate
Deal 5: Charter Communications $78.7 billion acquisition of Time Warner Cable
Jurisdictions: United States
Deal type: Public acquisition
Industry sectors: Technology and telecommunications
Deal 6: PRC Rmb3 billion sovereign bond issue
Jurisdictions: China, United Kingdom
Deal type: Investment grade bond/note issue, Sovereign bond issue
Industry sectors: Government and public policy
Deal 7: Dudgeon 402MW Offshore Wind Farm
Jurisdictions: United Kingdom
Deal type: Project development, Project finance
Industry sectors: Energy
Deal 8: FMC Technologies merger with Technip
Jurisdictions: United States, France
Deal type: Merger
Industry sectors: Oil and gas
Deal 9: Ireland primary care centre PPP project
Jurisdictions: Ireland
Deal type: PPP, Project development
Industry sectors: Healthcare
Deal 10: Malaysian sovereign sukuk
Jurisdictions: Malaysia
Deal type: Sukuk
Industry sectors: Government and public policy
Deal 11: Midea $4.5 billion bid for Kuka
Jurisdictions: China, Germany
Deal type: Public acquisition
Industry sectors: Consumer goods and services, Technology and telecommunications
Deal 12: NIBE Industrier $364 million acquisition of Climate Control Group
Jurisdictions: United States, Sweden
Deal type: Public acquisition
Industry sectors: Energy
Deal 13: Orange acquistion of 65% of Groupama Banque
Jurisdictions: France
Deal type: Public acquisition
Industry sectors: Banking, Technology and telecommunications
Deal 14: Pfizer $5.2 billion acquisition of Anacor Pharmaceuticals
Jurisdictions: United States
Deal type: Public acquisition
Industry sectors: Consumer goods and services, Healthcare, Pharmaceuticals and life sciences
Deal 15: Tocumen International Airport $575 million secured bond issuance
Jurisdictions: Panama, Luxembourg
Deal type: Investment grade bond/note issue
Industry sectors: Aviation
Deal 16: Ishinomaki 14MW Solar Power Plant
Jurisdictions: Japan
Deal type: Project development
Industry sectors: Energy
Deal 17: Turkiye Sinai Kalkinma Bankasi $300 million green bond issue
Jurisdictions: Turkey
Deal type: Investment grade bond/note issue
Industry sectors: Energy
Reporters
Sam Duke - Editor
Adam Majeed - Asia-Pacific Editor
Ben Naylor - EMEA Editor
John Crabb - Journalist EMEA
Jon Moore - Journalist EMEA
Candy Chan - Journalist Asia-Pacific
Rani Mehta - Journalist Latin America
Kurt Stumpo - Journalist - North America and the Caribbean
James Wilson - Journalist - North America and the Caribbean