Mergers and Acquisitions

Davis Polk is regularly involved in the largest and most complex mergers and acquisitions of the day. Clients engage us when the strategic importance, regulatory or tax complexity, or global scope of a transaction calls for our lawyers.

Clients benefit from Davis Polk’s long history of innovation and creative problem solving. We bring sophisticated judgment, commercial awareness and excellent client service to our clients on the full range of strategic and private equity M&A and commercial transactions.

Our M&A clients rely on the seamless integration of Davis Polk’s unparalleled tax, executive compensation and regulatory practices, including in the crucial areas of antitrust and competition, CFIUS, data privacy, anti-corruption and FCPA advice.

Recognition

  • According to Refinitiv – Davis Polk ranked second in global completed M&A in 2019
  • Chambers USA, Legal 500?and?IFLR1000?–?1st tier among law firms in U.S.?M&A (2020)
  • Law360?– Among the?“M&A Groups of the Year”?–?2013-2018
  • “Americas Law Firm of the Year”?–?IFLR?Americas Awards 2018
  • “M&A Team of the Year” –?IFLR?Europe Awards 2018
  • Chambers USA?2020 – Clients say: “It provides a first-class service all the way.” “No ask is too big and no timeline is too tight, Davis Polk makes it happen.”
  • Legal 500 U.S.?2020 – “The firm’s M&A credentials are augmented by top-quality teams specializing in antitrust, CFIUS matters, and FCPA, among others.”

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Notable Matters

Davis Polk has long been the firm of choice for many of the world’s leading blue chip companies and financial institutions.

Our recent representations include:

Aetna. Advised Aetna on its $77 billion acquisition by CVS Health – named “Global M&A Deal of the Year” by?The?American Lawyer

Shire. Advised Shire on its $62 billion acquisition by Takeda – the largest-ever cross-border deal in the pharmaceutical industry

Syngenta. Advised Syngenta on its $43 billion acquisition by ChemChina – the largest-ever Chinese outbound deal, and named “Global M&A Deal of the Year” by The American Lawyer and “M&A Deal of the Year” at the IFLR?European Awards

Comcast. Advised Comcast on its $40 billion successful contested acquisition of Sky?– named "Dealmaker of the Year" (Will Pearce) by?The American Lawyer?and “Corporate M&A Deal of the Year” at The Deal Awards Europe

Charles Schwab. Advised Charles Schwab on its pending $26 billion acquisition of TD Ameritrade

Baker Hughes. Advised Baker Hughes on its $25 billion combination with GE’s oil and gas business – named “M&A Deal of the Year” at the IFLR?Americas Awards

Morgan Stanley. Advised Morgan Stanley on its pending $13 billion acquisition of E*TRADE

General Electric. Advised GE on the $11.1 billion merger of GE Transportation and Wabtec

Reliance Industries.?Advised Reliance Industries and Jio Platforms on approximately $11 billion in minority investments by Facebook, Abu Dhabi Investment Authority, General Atlantic, KKR, Mubadala, Silver Lake and Vista Equity Partners in Jio Platforms, Reliance’s wireless internet network – in one of the largest foreign direct investments in India

Williams. Advised Williams Companies on its $10.5 billion acquisition of all of the outstanding public common units of Williams Partners in an all stock-for-unit transaction

Tencent. Advised Tencent on its pending €6 billion investment in 10% of Universal Music Group’s?share capital

Natura. Advised Natura, a global cosmetics group in Brazil, on its $3.5 billion?acquisition of Avon Products – in the largest Brazilian outbound deal since 2006