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Mayer Brown advises on transaction named “M&A Deal of the Year” in M&A Advisor Awards

23 December 2013

Mayer Brown, a leading global law firm, advised on a transaction that was named “M&A Deal of the Year” in the Over $1 Billion category of the 2013 M&A Advisor Awards sponsored by The M&A Advisor.

The winning transaction is the Section 363 bankruptcy sale of substantially all operating and mortgage assets of Residential Capital, LLC. Mayer Brown represented Ocwen Loan Servicing, the mortgage servicing arm of Ocwen Financial Corporation, which in a joint bid with Walter Investment Management Corp. was awarded the winning bid for Residential Capital’s mortgage loan servicing business for an aggregate purchase price of approximately $3 billion. The team was co-led by Banking & Finance partner Jon Van Gorp and Corporate & Securities partner William Kucera (both Chicago).

In addition, Mayer Brown Corporate & Securities partner David Carpenter (New York) was a finalist in the “Legal Advisor of the Year” category for leading a Mayer Brown team that represented Nestle in its $11.85 billion acquisition of Pfizer’s infant nutrition business. Mayer Brown also was a finalist in the following Deal of the Year award categories:

• M&A Deal of the Year (over $1 billion): Acquisition of a 40% interest in Pioneer Natural Resources Company by Sinochem Petroleum USA LLC;
• M&A Deal of the Year (over $1 billion): Acquisition of Pfizer's infant nutrition business by Nestlé;
• Corporate/Strategic Acquisition of the Year (over $1 billion): Acquisition of Pfizer's infant nutrition business by Nestlé;
• Cross-Border Deal of the Year (over $500 million): Acquisition of Pfizer's infant nutrition business by Nestlé;
• Sector Deal of the Year – Healthcare/Life Sciences (over $500 million): Acquisition of Pfizer's infant nutrition business by Nestlé;
• Sector Deal of the Year – Financial Services Deal of the Year (over $200 million): Section 363 bankruptcy sale of Residential Capital, LLC substantially all operating and mortgage assets;
• Sector Deal of the Year – Technology, Media, Telecom (between $10 million and $100 million): Sale of Comverse Inc.'s stake in Starhome to Fortissimo Capital;
• Sector Deal of the Year – Energy: Acquisition of a 40% interest in Pioneer Natural Resources Company by Sinochem Petroleum USA LLC; and
• Sector Deal of the Year – Retail Manufacturing/Distribution: Merger of Visual Merchandising Inc. and Noa Visual Group.

The M&A Advisor offers insights and intelligence on M&A activities and has established a premier network of mergers and acquisitions, restructuring and financing professionals through research, reporting, publishing, symposiums and awards.

Related Information

  • Related People
    Jon D. Van Gorp
    T +1 312 701 7091
    William R. Kucera
    T +1 312 701 7296
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