- "Davis Polk & Wardwell continues to live up to its reputation as one of the country's most cutting-edge M&A practices." – IFLR1000 2012
- "They are experts in their fields, creative problem solvers and dedicated to providing excellent service.” – Chambers Global 2012
- Davis Polk lawyers are: "Subject matter experts, who have strong commercial instincts and good, practical judgment. They are terrific at anticipating issues and are very effective negotiators, drafters and problem solvers.” – Legal 500 U.S. 2012
- 21 nominations – more than any other firm – for theIFLR 2012 Americas Awards, including:
- M&A Team of the Year
- Private Equity Team of the Year
- 3 M&A/Private Equity Deals of the Year
Davis Polk is regularly involved in the largest and most complex M&A deals of the day. Clients – longstanding and new, large and small, global and domestic – come to us when the scope and strategic importance of a transaction calls for Davis Polk.We have a long history of innovation and creative problem-solving. Our M&A lawyers bring sophisticated judgment, advice and client service to high-stakes transactions, including public and private deals, private equity transactions, joint ventures, carveouts and divestitures, friendly and contested situations, leveraged buyouts and other types of transactions.
Our expanded regulatory capabilities are increasingly important to our clients and complement our M&A transactional capability, including our antitrust and competition, FCPA, CFIUS, information privacy, and Asian investigations and enforcement practices.
Awards and Rankings
- According to Thomson Reuters, in Q3 2013, Davis Polk ranked:
- 1st in announced worldwide M&A, including withdrawn deals
- 1st in completed Asia Pacific Emerging Market M&A
- 1st in announced U.K. M&A
- 2nd in announced U.S. M&A
- According to mergermarket, in Q3 2013, Davis Polk ranked:
- 1st in announced global M&A
- 2nd in announced Americas M&A
- 2nd in announced U.S. M&A
- According to Bloomberg, in Q3 2013, Davis Polk ranked:
- 2nd in announced global M&A
- 2nd in announced global private equity M&A
- 4th in announced European M&A
- 1st tier among U.S. law firms advising on M&A transactions – Chambers USA 2013 and IFLR1000 2013
- “M&A Lawyer Deal Team of the Year” and “Corporate Deal of the Year” – Global M&A Network’s 2012 Major Markets M&A Atlas Awards
Davis Polk has long been the firm of choice for many of the world’s leading blue chip companies.
- $81 billion merger with Mobil – creating the world’s largest integrated oil company
- $41 billion stock acquisition of XTO Energy – the largest oil and gas deal in four years
- $53 billion acquisition of AT&T’s broadband business
- $37 billion NBCUniversal joint venture with General Electric
- $16.7 billion acquisition of GE’s 49% common equity stake in NBCUniversal
- $3.6 billion sale by SpectrumCo of 122 Advanced Wireless Services spectrum licenses to Verizon Wireless
- $1.4 billion acquisition of properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, New Jersey
- $150 million acquisition of shares of the common stock of ARRIS Group
- Conversion of $58 billion of preferred stock held by the U.S. government and private investors into common stock
- Joint venture with Morgan Stanley that combined Morgan Stanley’s Global Wealth Management and Citi’s Smith Barney retail brokerage units into a new entity, Morgan Stanley Smith Barney, and sale of its interest in that joint venture
- $46.8 billion acquisition of the public minority in Genentech – the largest-ever completed going-private transaction
- $6.7 billion unsolicited proposal to acquire Illumina
- $3.4 billion hostile acquisition of Ventana Medical Systems
H.J. Heinz Company
- $28 billion acquisition by a consortium comprised of Berkshire Hathaway and 3G Capital – the largest transaction ever in the food industry
- $735 million sale of its Weight Watchers classes business
- $165 million acquisition of Foodstar, a soy sauces company
- Proxy fight mounted by Trian Group and Nelson Peltz
Freeport-McMoRan Copper & Gold
- $25.6 billion acquisition of Phelps Dodge
- $6.9 billion acquisition of Plains Exploratin & Production Company
- $3.4 billion acquisition of McMoRan Exploration Co.
- $435 million acquisition of a large-scale cobalt refinery in Kokkolo, Finland, from Om Group
- $25 billion merger with Caremark – forming the largest pharmacy services provider in the U.S.
- $2.9 billion contested acquisition of Longs Drug Stores
- $1.25 billion acquisition of the Medicare Part D business of Universal American
- acquisition of Drogaria Onofre, one of Brazil’s largest retailers of health care and personal care products, in its first-ever international acquisition
- $15.1 billion acquisition of Nexen – the largest foreign acquisition by a Chinese company
- $18.5 billion proposed acquisition of Unocal
- $9 billion investment by Mitsubishi UFJ Financial
- Joint venture with Mitsubishi UFJ Financial that integrated their securities operations in Japan – named "M&A Deal of the Year" at the 2011 Asian Legal Business Japan Awards
- $1.5 billion disposition of Van Kampen Investments and spinoffs of FrontPoint Partners and Process Driven Trading (PDT)
- $15.6 billion acquisition of MedImmune
- $7 billion expansion of its diabetes alliance with Bristol-Myers Squibb (BMS) through BMS' acquisition of Amylin Pharmaceuticals
- $323 million pending acquisition of Omthera Pharmaceuticals
- $10.3 billion hostile takeover of software company PeopleSoft
- $5.85 billion acquisition of Siebel Systems
- $1 billion acquisition of Art Technology Group
- $14.4 billion acquisition of Quaker Oats
- $7.8 billion going-private acquisition of its two largest anchor bottlers
- $5.8 billion acquisition of a 95% stake in Russian food and beverage company Wimm-Bill-Dann Foods
- $7.3 billion acquisition of Coventry Health Care, a diversified national managed health care company based in Bethesda, Maryland
- $600 million acquisition of Prodigy Health Group
- $500 million acquisition of Medicity
- $290 million acquisition of Genworth Financial’s Medicare Supplement business
- $202 million acquisition of PayFlex Holdings
- $2 billion strategic partnership with Mubadala Development Company
- C1.2 billion acquisition of Ventana Gold
- Splitup MMX Mineração e Metálicos, an EBX company, and subsequent $5.5 billion sale of one of the resulting companies to Anglo American
China Investment Corporation
- $1.9 billion investment in Bumi Resources, the largest coal mining company in Indonesia
- Strategic investments in a variety of companies, including Bank of Communications, Enogex Holdings and China Lumena New Materials
- £997 million unsolicited acquisition of Chloride Group
- $1.2 billion acquisition of Avocent
Recent Selected Matters
- Warner Chilcott. We advised Warner Chilcott, an Ireland-incorporated specialty pharmaceutical company focused on the women’s health care, gastroenterology, urology and dermatology segments, on its all-stock $8.5 billion acquisition by Actavis, a global integrated specialty pharmaceutical company focused on developing, manufacturing and distributing generic, brand and bio-similar products.
- ConAgra Foods. We advised ConAgra Foods, an Omaha, Nebraska-based food company with brands in 97% of America’s households, on its $6.8 billion acquisition of Ralcorp, a St. Louis, Missouri-based producer of a variety of private-brand foods sold under the individual labels of retailers.
- Bertelsmann. We advised Bertelsmann, a German diversified media and business outsourcing company, on its combination with Pearson, a U.K. business information, education and publishing company, of their trade-book publishing companies, Random House and Penguin Group, respectively. Bertelsmann owns 53% and Pearson owns 47% of the combined company, which will be named Penguin Random House.
- Millicom International Cellular. We have advised Millicom International Cellular, an international telecommunications and media company dedicated to emerging markets in Latin America and Africa, on the $4.4 billion merger of its Colombian telecommunications business, conducted through Colombia Móvil, with UNE EPM Telecomunicaciones, a subsidiary of Empresas Públicas de Medellín–EPM, the largest Colombian public services company and operates in the electricity, natural gas, water, waste management, information technology and telecommunications industries.
- Daikin Industries. We advised Daikin Industries, a diversified Japanese manufacturing company and producer of heating, ventilating and air conditioning (HVAC) products, on its $3.7 billion acquisition of Goodman Global, a Houston, Texas-based manufacturer of HVAC products, from affiliates of Hellman & Friedman.
- Tele2. We advised Tele2 AB, one of Europe’s leading telecom operators, on the $3.55 billion sale of its Russian operations to VTB Group, the financial holding company of one of the leading universal banks of Russia.
- Rabobank. We advised Rabobank, a Dutch provider of a full-range of financial services, on its €1.935 billion sale of approximately 90.01% of the equity in Robeco Groep, a global asset manager with approximately €189 billion of assets under management, to ORIX Corporation, a Japanese integrated financial services group.
- Dalian Wanda. We advised Dalian Wanda, a Chinese real estate conglomerate, on its $2.6 billion acquisition of AMC Entertainment, a Kansas City, Missouri-based movie theater company, in the largest Chinese outbound acquisition of a U.S. company.
- Sterling Financial. We have advised Sterling Financial, a Spokane, Washington-based bank holding company for Sterling Savings Bank, a Washington state-chartered and federally insured commercial bank, on its $2 billion merger with Umpqua, the parent company of Umpqua Bank, an Oregon-based community bank.
- Baidu. We have advised Baidu, a Chinese-language Internet search provider, on its $1.9 billion acquisition of 91 Wireless Websoft, a Chinese mobile software developer and operator of smartphone application distribution platforms, community websites and other products for smartphone users.
- Solvay. We have advised Solvay, a Belgian international chemical group, on its $1.345 billion acquisition of The Chemlogics Group, which serves the oil and gas industry’s stimulation and cementing segments with its expertise in friction reducers, non-emulsifiers and extraction technologies.
- Reliance Steel & Aluminum. We advised Reliance Steel & Aluminum, the largest metals service center company in North America with headquarters in Los Angeles, California, on its $1.2 billion acquisition of Metals USA Holdings, a Fort Lauderdale, Florida-based provider of a wide range of products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals and building products markets.