Our Approach

Our firm is regularly involved in the largest and most complex mergers and acquisitions situations of the day. Our clients have typically been industry-leading corporations; some have long-standing relationships with us, while many others come to us when the scope and strategic importance of a transaction calls for Davis Polk.

Most recently, Davis Polk has been a firm of choice throughout the financial crisis on the most highly complex matters involving the world's major financial institutions. Our M&A lawyers have been deeply involved in various unprecedented transactions involving Citi, AIG, Morgan Stanley and Banco Santander.
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Awards & Rankings

Davis Polk ranked:

  • 1st in North American M&A and IPO transactions announced in the fourth quarter of 2009 (CorpFin)
  • 3rd in global M&A transactions announced in 2009 (mergermarket)
  • 3rd in U.S. M&A transactions announced in 2009 (Dealogic)
  • 3rd in U.S. financial industry M&A transactions announced in 2009 (Thomson Reuters)
  • 3rd among U.S. law firms in Japanese M&A transactions announced in 2009 (mergermarket)
  • 5th among U.S. law firms in European M&A transactions announced in 2009 (mergermarket)

Notable Matters

  • We advised Roche on its successful $46.8 billion contested acquisition of the 44% publicly held interest in Genentech. Headquartered in Basel, Switzerland, Roche is one of the world’s leading research-focused health care groups in the fields of pharmaceuticals and diagnostics. Genentech is a U.S. biotechnology company. The deal is the largest-ever completed going-private transaction.
  • We are advising ExxonMobil on its $41 billion all-stock acquisition of XTO Energy, a Fort Worth, a Texas-based natural gas producer. The transaction is the largest oil and gas deal in four years. 
  • We have advised Citi on all of its major financial-crisis related matters, including:
    • the conversion into common stock of $58 billion of preferred stock held by the U.S. government and private investors
    • its realignment into two businesses, Citicorp and Citi Holdings
    • its joint venture with Morgan Stanley that combined Morgan Stanley’s Global Wealth Management Group and Citi’s Smith Barney retail brokerage units in the U.S., U.K. and Australia, creating the largest U.S. brokerage
    • its agreement with agencies of the U.S. government pursuant to which the government has provided a package of guarantees on $306 billion of assets, liquidity access and capital and the subsequent termination of the agreement
    • its proposed $56 billion rescue of Wachovia
  • We are advising Comcast in connection with its $37 billion NBC Universal joint venture with General Electric. The joint venture will be 51% owned by Comcast, 49% owned by GE and managed by Comcast.
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Areas of Expertise

Private Equity