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Shearman & Sterling LLP

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George Casey

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Shearman & Sterling LLP




Latin America: International firms

Corporate and M&A

Within: Corporate and M&A

Shearman & Sterling LLP is making a considerable impact on the market, bringing its M&A standing further in line with its excellence in banking and finance, projects and energy, and capital markets. Much credit for was due to Sao Paulo office-head was due to Jonathan Kellner, who elevated the firm's M&A reputation considerably; however, he departed to Paul Hastings LLP in August 2019. Nevertheless the M&A team has successfully leveraged the wider Latin America group's standing in power, oil and gas, renewables and mining and metals, and has achieved further success in finance-sector M&A deals. Clients include Liberty Global, Anglo American, Energía del Pacífico, ArcelorMittal, GE Global Capital, ExxonMobil and TPG. The team advised Anglo American on Mitsubishi Corporation’s $600m acquisition of an additional 22% equity interest in Anglo American Quellaveco, which owns the Quellaveco copper project in Peru; an also assisted Energía del Pacífico with its $342m sale of a 25% stake in Peruvian power generation companies Kallpa Generación and Samay I to Nautilus Inkia Holdings, a portfolio company of I Squared Capital. In private equity, the team advised TPG on its acquisition of Abengoa's operating electricity transmission line assets in Brazil. The Latin America M&A team is 'very deal oriented, especially in the Brazilian environment'; group members 'know when American practice and Brazilian practice may differ and they know how to respect that'. It has 'the most efficient team in Brazil to advise companies on the full spectrum of domestic and cross-border deals'. Global managing partner George Casey is a recognised dealmaker with experience in Latin America deals; despite his management responsibilities he remains incredibly active in transactions. Waajid Siddiqui is recommended for upstream and downstream oil-and-gas deals in the region and Cody Wright 'is a brilliant attorney and does an excellent job on Latin America transactions'. Manuel Orillac and Rory O’Halloran are key names in the Houston office, which was launched in May 2018. All other partners are based in New York unless stated otherwise.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: Leading lawyers

George Casey - Shearman & Sterling LLP

Within: M&A: large deals ($1bn+)

Shearman & Sterling LLP continues to impress in big-ticket domestic and cross-border M&A. The firm has built further market share in recent years and in 2018 it made additional inroads by launching new offices in Houston and Austin. The new offices offer a growing number of M&A partners and associates that are well-plugged into the oil and gas, industrials and technology sectors. The firm's 'dedication to client service is second to none', according to one client who also singles out its 'judgment and business sense', 'negotiation skills' and 'genuine care for its clients'. From its New York headquarters, the firm is also making a greater impression for big-name clients including CVS Health, The Dow Chemical Company, Liberty Global, Novartis and General Electric. It continued to advise CVS Health on its $77bn acquisition of Aetna, the leading diversified healthcare benefits company. It also advised Liberty Global on its ‚ā¨19bn sale of its operations in Germany, Hungary, Romania, and the Czech Republic to Vodafone. Moreover, it advised Novartis on its $3.9bn all-cash acquisition of Advanced Accelerator Applications, the French cancer specialist company.¬† Global managing partner George Casey remains actively engaged in many of the team's headline deals for clients such as Dow Chemical and Novartis; he is 'a brilliant senior dealmaker', 'highly respected', has 'excellent business judgment' and is 'very pleasant to deal with'. Scott Petepiece leads the Americas M&A group and has strong connections to the likes of Canada Pension Plan Investment Board (CPPIB), Fairfax Financial and American Axle; he is 'probably the best negotiator I have ever come across in my 15+ years of M&A experience,' says one client who also comments how Petepiece is 'superbly knowledgeable and always delivers beyond what would typically be expected from an external counsel'. Robert Katz has emerged as a key name in the team, having taken a pivotal role on CVS Health's acquisition of Aetna and Liberty Global's sale of its operations in¬†Germany, Hungary, Romania, and the Czech Republic. Elected to the partnership in January 2018, Richard Fischetti is 'street smart and efficient', a 'young partner who has demonstrated an ability to get deals done in the most sensible manner for the client'.

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United States: Tax

US taxes: non-contentious

Within: US taxes: non-contentious

Shearman & Sterling LLP¬†displays ‚Äėstrong professional skills and knowledge‚Äô across a broad-range of tax fields, including cross-border M&A deals, spin-offs and restructuring, and also advises on tax-efficient investment and operating structures. Among the team's recent work, international M&A has been particularly well represented, with Larry Crouch¬†in Menlo Park and Ethan Harris¬†in Washington DC advising CVS Health on its $77bn acquisition of Aetna. Harris also acted for General Electric in the multi-jurisdictional sale of its power distribution business to Advent International, valued at $3.5bn. In another highlight from Washington DC, Kristen Garry¬†advised Citigroup on its sale of the Mexican asset management business Citibanamex to BlackRock. In New York, spin-offs lead partner Laurence Bambino, M&A partner George Casey¬†and Harris structured the spin-off transactions for Liberty Global in connection with its issuance of tracking stock. Michael Shulman¬†handled international restructuring matters on behalf of The Bank of Nova Scotia.

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