McDermott Played Key Role in Three of the Top 10 Announced U.S. Deals in 2007
NEW YORK (July 16, 2007) — Among the top ten Americas deals announced by Thomson Financial, McDermott Will & Emery played a key role in three, including the leveraged buyout of TXU and the spinoffs of Tyco Electronics and the Tyco Healthcare Group. McDermott also ranked among the top 10 legal advisors for Global Buy-Outs and top 25 U.S. M&A legal advisors in the second quarter deal tables published by Mergermarket and Thomson Financial (Worldwide Rankings for M&A/Legal Advisors and Americas Rankings for M&A/Legal Advisors).
“McDermott has built a premier M&A practice,” commented Thomas Sauermilch, co-chair of the Firm’s Mergers & Acquisition Practice Group. “The Firm is delivering exceptional M&A services to our clients in their most important transactions, as is reflected in our continued high ranking.”
McDermott Will & Emery represented Morgan Stanley & Co. Incorporated with respect to its equity commitment in connection with the proposed $45 billion leveraged buy out acquisition of TXU Corp., the Texas energy company. The transaction represents one of the largest leveraged buyouts in history. McDermott also represented Tyco International Ltd. as lead U.S. corporate, commercial and tax counsel in connection with the tax-free distributions of Tyco Electronics Ltd. (TEL) and Covidien Ltd. (COV) to Tyco’s shareholders. The spinoff resulted in the separation of Tyco International into three independent, publicly traded companies: Tyco International Ltd., Covidien Ltd. and Tyco Electronics Ltd. The spinoff is among the largest and most complex separation transactions announced to date.
McDermott Will & Emery's Mergers and Acquisitions Practice Group represents a wide spectrum of publicly and privately held businesses from Global 50 companies to venture backed start ups, as well as private equity funds and investment banks. As a globally integrated team, our lawyers manage complex transactions with components in multiple jurisdictions throughout the world.
