It's a New Year and IFLR1000's selection of deal announcements from January confirms that is has been a busy start to 2017 across M&A, private equity, capital markets, and project finance. The food and beverage, aviation, energy, oil and gas, industrials and manufacturing, and government and public policy sectors were the most active, with some large transactions and unique trends already starting to emerge globally.

Italian spectacle manufacturer Luxottica and French lens manufacturer Essilor agreed a €46 billion all-share merger, and Johnson & Johnson made a $30 billion tender offer for Swiss pharmaceuticals and biotechnology company Actelion; also Indian budget airline, SpiceJet, acquired 100 new MAX 737 aircraft from Boeing for $22 billion, making it India's largest ever aviation deal, and agribusiness Kernel Holdings made the first successful corporate offering—a $500 million eurobond—by a Ukrainian business since 2013 when the country's government collapsed amid a populist uprising.

Deal values have swollen at the start of the new year with Cravath Swaine & Moore posting an aggregate of over $100 billion and Kirkland & Ellis not that far behind. Also Swiss independents Homburger and Niederer Kraft & Frey have made notable appearances no doubt owing to their role in Johnson & Johnson's acquisition of Actelion. On the deal volumes front, Kirkland & Ellis backed up its strong showing in the values table this month with its seventh month at the top of deal volumes—this time with 35 deals. 

Elsewhere in food and beverage Tesco made a share and cash offer worth £3.7 billion to acquire the Booker Group that would see the UK's biggest supermarket and biggest wholesale retailer combine, and Chinese state-backed conglomerate Citic and US private-equity firm Carlyle Group acquired a controlling stake in the China and Hong Kong operations of McDonalds for $1.7 billion. In fact, private equity has been an underlying trend as Kohlberg Kravis Roberts & Co moved—its second Japanese billion-dollar deal in three months—to acquire Japanese conglomerate Hitachi's power tools manufacturing unit for $1.3 billion as Japanese corporations look to divest non-core assets to boost profitability, and AMC Entertainment Holdings acquired Nordic Cinema Group Holding (NCG) for SKr8.25 billion from private equity house Bridgepoint and Sweden-based media group Bonnier Holding.

Green bonds have also started to become a trend in a Post-Paris world as France, working through its debt manager Agence France Trésor, completed the issuance of its first sovereign green bond, which just missed out on being the first government to issue a green bond when Poland did so in December; and Enel issued a €1.25 billion green bond—its first—due in 2024 and issued on the Irish and Luxembourg stock exchanges.

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—has almost arrived. 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 January 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: AMC Entertainment SKr8.25 billion acquisition of Nordic Cinema Group


Jurisdictions: Finland, Norway, Sweden, Estonia, Latvia, Lithuania

Deal type: Private acquisition

Industry sectors: Entertainment

Deal 2: Buriticá gold mine $250 million financing


Jurisdictions: Canada, Bermuda, Colombia

Deal type: Financing, Project finance

Industry sectors: Mining

Deal 3: Chrysaor Holdings £3 billion acquisition of Shell North Sea oil assets


Jurisdictions: United Kingdom

Deal type: Acquisition finance, Private acquisition 

Industry sectors: Oil and gas

Deal 4: Citic and Carlyle $1.7 billion acquisition of controlling stake in McDonalds


Jurisdictions: China

Deal type: Private acquisition

Industry sectors: Food and beverage

Deal 5: Enel €1.25 billion 1% green bond issue 


Jurisdictions: Ireland, Italy, Luxembourg

Deal type: Investment grade bond/note issue

Industry sectors: Energy

Deal 6: HSH Nordbank €1.64 billion loan portfolio sale


Jurisdictions: Germany

Deal type: Loan portfolio sale

Industry sectors: Banking, Aviation, Real estate

Deal 7: Johnson & Johnson $30 billion acquisition of Actelion


Jurisdictions: Switzerland

Deal type: Public acquisition, Demerger

Industry sectors: Pharmaceuticals and life sciences

Deal 8: Kernal debut $500 million 8.75% eurobond issue


Jurisdictions: Ukraine

Deal type: Investment grade bond/note issue

Industry sectors: Agriculture 

Deal 9: KKR $1.3 billion acquisition of Hitachi Unit


Jurisdictions: Japan

Deal type: Private acquisition

Industry sectors: Industrials and manufacturing

Deal 10: Mars $9.1 billion acquisition of VCA


Jurisdictions: United States

Deal type: Public acquisition

Industry sectors: Healthcare, Food and beverage

Deal 11: Luxottica/Essilor €46 billion merger


Jurisdictions: France, Italy

Deal type: Merger

Industry sectors: Consumer goods and services, Industrials and manufacturing

Deal 12: Plains All American Pipeline $1.22 billion acquisition of Alpha Holding 


Jurisdictions: United States

Deal type: Public acquisition

Industry sector: Oil and gas

Deal 13: Republic of Chile Ps1 trillion 4.5% sovereign bond issue


Jurisdictions: Chile

Deal type: Investment grade bond/note issue, Sovereign bond issue

Industry sectors: Government and public policy

Deal 14: Republic of France €7 billion 1.75% green bond issue


Jurisdictions: France

Deal type: Investment grade bond/note issue

Industry sectors: Government and public policy

Deal 15: SpiceJet $22 billion purchase of 100 Boeing aircraft


Jurisdictions: India

Deal type: Private acquisition

Industry sectors: Aviation

Deal 16: Tesco £3.7 billion acquisition of Booker Group


Jurisdictions: United Kingdom

Deal type: Public acquisition

Industry sectors: Consumer goods and services, Food and beverage 

Deal 17: Vedanta Resources $1 billion 6.375% bond offering


Jurisdictions: India, Singapore

Deal type: High-yield bond/note issue 

Industry sectors: Energy, Mining



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