DEALS OF THE YEAE
By Michael Shari
| Best Equity Deal |
US Treasury/American International Group (AIG) $20.7 billion follow-on offering, September 2012. |
| Bookrunners |
Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch, Barclays, Morgan Stanley, RBC Capital Markets, UBS, Wells Fargo Securities, Credit Suisse |
| Best Debt Deal |
Italy’s Ministero dell’Economia e delle Finanze €18 billion four-year inflation-linked BTP Italia bonds, October 2012. |
| Bookrunners/Lead Managers | Monte dei Paschi, UniCredit |
| Best M&A Deal |
Rosneftegaz’s $54.5 billion acquisition of TNK-BP from AAR and BP, October 2012. |
| Advising Target |
Rothschild, Evercore Partners, UBS, Goldman Sachs, Morgan Stanley |
| Advising Acquirer |
Barclays, Citi, VTB Capital, Bank of America Merrill Lynch, Deutsche Bank |
DEALS OF THE YEAR
BEST EQUITY DEAL
US Treasury/American International Group $20.7 billion follow-on offering, September 2012
Bookrunners: Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch, Barclays, Morgan Stanley, RBC Capital Markets, UBS, Wells Fargo Securities, Credit Suisse. The sale last September of US Treasury stock from its 2008 bailout of AIG marked the biggest follow-on equity deal in American history, according to Thomson Reuters. Until then, the record was held by the Treasury’s sale of $19.3 billion in Bank of America stock in 2009.
BEST DEBT DEAL
Italy’s Ministero dell’Economia e delle Finanze’s €18 billion four-year inflation-linked BTP Italia bonds, October 2012
Bookrunners/Lead Managers: Monte dei Paschi, UniCredit. In one of the Mediterranean nations often blamed for Europe’s debt crisis, Italy’s Ministry of Economy and Finance raised €18 billion ($23.62 billion) in bonds in a single deal last October. Because most of the bonds were bought in small portions by retail investors, the deal was greeted as a sign of confidence in Italy’s credit-worthiness.
BEST M&A DEAL
Rosneftegaz’s $54.5 billion acquisition of TNK-BP from AAR and BP, October 2012
Advising Target: Rothschild, Evercore Partners, UBS, Goldman Sachs, Morgan Stanley.
Advising Acquirer: Barclays, Citi, VTB Capital, Bank of America Merrill Lynch, Deutsche Bank.
In the biggest petroleum deal since the merger of Exxon and Mobil Oil in 1998, Barclays served as lead adviser to Rosneftegaz on the $54.5 billion acquisition of TNK-BP. The intricate transaction was designed to give the British oil company a 19.8% stake in Rosneft— and help Moscow open a strategic industry to foreign investors.
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