Sullivan and Simpson reprise roles on £3.5bn Anheuser-Busch reacquisition
Sullivan & Cromwell (S&C) and Simpson Thacher have taken the lead roles on Anheuser-Busch InBev's $5.8bn (£3.5bn) reacquisition of Korea's Oriental Brewery from KKR and Affinity Equity Partners.
January 20, 2014 at 08:49 AM
2 minute read
Sullivan & Cromwell (S&C) and Simpson Thacher have taken the lead roles on Anheuser-Busch InBev's $5.8bn (£3.5bn) reacquisition of Korea's Oriental Brewery from KKR and Affinity Equity Partners.
The two firms have reprised their 2009 mandates, when AB InBev initially sold the South Korean company to KKR for $1.8bn (£1.1bn), including debt.
S&C acted for long-time client AB InBev, while Simpson Thacher was handed the mandate by KKR, with M&A partner Mark Pflug leading.
S&C partner Michael DeSombre is leading for AB In-Bev on the deal, having also acted on the 2009 mandate.
The white shoe firm has also acted as the lead adviser to Anheuser on sevearl of its major transactions, with New York-based corporate partner and private equity group co-head George Sampas holding the firm's relationship.
In 2008, Sampas was part of a team which led on the $60.8bn (£37bn) merger between Anheuser-Busch and InBev, as well as a number of subsequent cross-border and international deals, including last year's $20.1bn (£12.2bn) acquisition of the remaining stake not owned by the company in Mexican brewer Grupo Modelo.
Simpson Thacher carries out a large amount of deals for New York-headquartered KKR, recently fielding a London team on the buyout house's purchase of SBB/Telemach Group, the leading Pay-TV and broadband operator in South-East Europe, and the purchase of Japan's Panasonic Healthcare for $1.67bn.
In October Simpson found itself acting on the other side from KKR, when it represented Melrose Industries on its $1bn (£627m) sale of construction manufacturing assets Crosby and Acco to the private equity group.
Following the sale of Oriental Brewery to KKR in 2009, the private equity group sold on half its stake in the Korean company to Affinity Equity Partners, a deal which saw Linklaters' Korea group advise Affinity.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHow I Made Riyadh Managing Partner: ‘Leadership is More Than Knowledge’ Says HSF's Joza AlRasheed
MinterEllison, Latham Advise Anglo American on $3.8B Australian Divestments
2 minute readTrending Stories
- 1'Great News' for Businesses? Judge Halts Transparency Mandate
- 2Consilio Announces ‘Native AI Review,’ Expanding Its Gen AI E-Discovery Offerings
- 3Federal Judge Hits US With $227,000 Sanction for Discovery Misconduct
- 4Elon Musk Has a Lot More Than a 'Tornetta' Appeal to Resolve in Del. Court
- 5Litigation Funder Behind Mastercard Case Says Settlement 'Struck Without Our Agreement'
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250