HSF confirmed alongside Freshfields, Linklaters as advisers as AB InBev eyes $275bn SABMiller mega-merger
Magic circle firms win lead roles as world's largest brewer seeks to tie up with rival SABMiller
September 16, 2015 at 12:06 PM
3 minute read
Freshfields Bruckhaus Deringer, Linklaters and Herbert Smith Freehills have picked up key roles as Anheuser-Busch (AB) InBev, the world's largest brewer, are confirmed to have proposed a merger with rival SABMiller that would create a $275bn (£177bn) company.
SABMiller issued a statement last month saying it had been informed that AB InBev intended to make a bid proposal for the company.
Freshfields is advising AB InBev with a team comprising London M&A partner Mark Rawlinson, London head of corporate Simon Marchant and antitrust partner John Davies, who works out of London and Brussels.
Linklaters is advising SABMiller with a London team led by corporate partners Nick Rumsby and Charlie Jacobs. Brussels-based partner Gerwin Van Gerven is advising on competition issues.
Herbert Smith Freehills (HSF) is advising BevCo Ltd, the second largest shareholder in SABMiller.
The HSF team is being led by London corporate partner Gillian Fairfield. Fairfield recently led the team advising British American Tobacco on its conditional agreement to acquire 100% of CHIC Group, Europe's largest e-cigarette retailing network.
Hogan Lovells is also acting alongside Linklaters for SABMiller, with a team led by London corporate partner Andrew Pearson. The exact remit of the firm's role is unclear.
AB InBev owns beer brands including Budweiser, Corona and Stella Artois, while SABMiller, which is headquartered in the UK, is home to brands such as Fosters, Grolsch, and Peroni.
A successful tie-up would rank as one of the largest corporate deals in history. Other recent mega-deals include Shell's £47bn acquisition of BG Group earlier this year and Vodafone's $130bn (£84bn) sale in 2013 of its 45% stake in US mobile operator Verizon Wireless.
In 2012, Freshfields advised AB InBev's on its $20bn (£12.8bn) acquisition of the Mexican brewer behind brands including Corona and Grupo Modelo alongside Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell.
Linklaters, meanwhile, is understood to have advised SABMiller last year on its failed efforts to buy Heineken, one of Europe's largest breweries.
SABMiller saw its takeover for Heineken rejected in September, with the Dutch company calling the approach "non-actionable" and insisting it wanted to maintain its independence. A&O advised Heineken after previously taking a role for SABMiller when the brewer launched a successful A$11.5 billion (£7.8bn) takeover of Fosters three years ago.
Reports have suggested that SABMiller launched its Heineken takeover bid in order to safeguard itself against an approach from AB InBev.
Clifford Chance is advising the controlling shareholders of AB InBev with a team led by global head of corporate Guy Norman and London corporate partner Patrick Sarch. The firm is also advising the company on the financing of the transaction with a team led by finance partners Roderick McGillivray and Peter Dahlen in London
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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 AllLatham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute readBig Law Leaders, Dealmakers Optimistic about M&A Deal Flow Under Trump, With Caveats
5 minute readThe Law Firms Generating 8-Figure Fees on the Year's Big Ticket UK Deals
3 minute readTrending Stories
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