Corporate Control Alert, the legal and financial dealmaking journal published by The Deal, has ranked Alston & Bird second among counsel to financial advisors on U.S. M&A transactions with a value of $100 million or more announced between Jan. 1 and Dec. 31, 2021.
Stuart Rogers and Aaron Dixon of the firm’s Financial Advisors Practice acted as counsel to the investment banks in 38 qualifying transactions having an aggregate value of more than $140 billion in 2021.
Included among last year’s qualifying deals in which Alston & Bird advised the investment banks are:
- Discovery’s $43 billion combination, via a Reverse Morris Trust transaction, with AT&T’s WarnerMedia, in which Alston & Bird acted for the financial advisor to Advance Publications Inc., a significant stockholder in Discovery.
- Reinvent Technology Partners Y’s $11 billion acquisition of Aurora Innovation, in which Alston & Bird acted for the financial advisor to Reinvent Technology Partners, a SPAC.
- Altus Midstream Company’s $9 billion acquisition of EagleClaw Midstream Services LLC from private equity firms Blackstone Group Inc. and I Squared Capital Advisors LLC, in which Alston & Bird acted for the financial advisor to Altus Midstream.
- Scientific Games’ $6.05 billion sale of its lottery business to Brookfield Business Partners, in which Alston & Bird acted for the financial advisor to Scientific Games.
- Apollo Strategic Growth Capital’s proposed $5.3 billion merger with American Express Global Business Travel, in which Alston & Bird is acting for the financial advisor to Apollo, a SPAC.
Alston & Bird is consistently ranked among the top 10 law firms representing financial advisors in M&A deals by Corporate Control Alert, having in recent years acted as counsel to investment banks in transactions with an aggregate value exceeding $1 trillion.