Michael E. Gilligan focuses his practice on public and private merger and acquisition transactions. Mike has represented large corporations, financial sponsors and financial advisers in connection with a variety of public and private, domestic and cross-border, negotiated and hostile acquisitions and dispositions. He has extensive experience in proxy and other control contests, as well as spin-off and capital markets transactions. He has represented GCP Capital Partners in connection with the pending sale of TransFast Remittance LLC to MasterCard, Pamplona Capital Partners IV LP in connection with the sales of BBB Industries and Charter NEX Films, GE Capital Corporation in the $9-billion disposition of its Healthcare Financial Services business to Capital One N.A. and CNA Financial in the disposition of its payout annuities business to Wilton Re.
Chambers USA and The Legal 500 United States have recognized Mike as a leading lawyer in the areas of M&A and corporate law. According to Chambers, Mike “is a ‘very smart guy’ who is well thought-of by peers for his broad-based M&A practice, including acting for private equity clients and financial advisers.”
Pamplona Capital Partners IV LP in connection with the acquisitions of BBB Industries and Charter NEX Films and Charter NEX Films in connection with its acquisition of Optimum Plastics.
GE Capital Corporation in the $9-billion disposition of its Healthcare Financial Services business to Capital One N.A.
CNA Financial in the disposition of its payout annuities business to Wilton Re.
International Finance Corporation and IFC African, Latin American and Caribbean Fund on their investment of $200-million to acquire a 5.5-percent stake in a company held by Grupo de Inversiones Suramericana, a Colombian insurance company. The investment is to fund the acquisition of ING’s insurance and pension business in five Latin American countries – Chile, Colombia, Mexico, Peru and Uruguay.
Indorama Ventures PCL on its $795-million acquisition of Old World Industries I Ltd. and Old World Transportation Ltd.
Avnet on its acquisition of Canvas Systems, a leading independent supplier of IT hardware and services, from Platinum Equity.
Shell on the disposal of its downstream business in Chile to Quiñenco for a total consideration of $614 million.
Sithe Global Power on its $266-million (1200-crore) equity investment in SKS Ispat and Power Ltd’s 1,200MW coal-based power project in Chhattisgarh, India.
3i on its acquisition of Stork Materials Technology from Stork for 150 million euros.
Sithe Global, as lead equity investor, in a 600 MW coal-fired power plant developed on the Bataan Peninsula in the Philippines. Total project cost was $1 billion.
Apax Partners and Incisive Media on the restructuring and refinancing of the Incisive Media Group.
HSBC Bank plc on its agreement with Better Place for a new Series B round of equity financing of $350 million.
Charterhouse on the circa 325-million-pound buyout of Deb Group Limited from Barclays Private Equity and management.
Depository Trust and Clearing Corporation (DTCC) on the formation of its joint venture with NYSE Euronext to form New York Portfolio Clearing (NYPC). NYPC is the first clearing solution to “bridge” the securities and futures worlds.
Beazley Group plc, a global specialist insurance and reinsurance group, on its acquisition of First State Management Group Inc.
JP Morgan on its investment in a privately held U.S. company, Derivix Corporation.
NBC Universal Inc. on the sale of Gurl website (www.gurl.com), which is owned by IVillage.
Levant Capital Limited, a Dubai-based private equity firm, on the minority investment of $30-million in APR Energy Cayman Limited, a leading provider of major turnkey temporary power generation services.
JP Morgan’s Infrastructure Investments Fund on the structuring and execution of its investment in three wind power projects under development in New York, Oregon and Texas.
A major European investment bank, as one of a number of banks that participated in the US Government’s revamped $150-billion bailout of AIG, on the sale of $16-billion CDO securities backed by now-troubled mortgage assets.
JBS S.A. (Friboi), a leading Brazilian beef producer, on the acquisition of Smithfield Foods beef division for $565 million.
Catalina Holdings (Bermuda) Ltd. on the $197-million acquisition of Quanta Capital, a NASDAQ-listed, Bermuda-based insurance and reinsurance company.
NBC TV Stations Sales & Marketing Inc. on the acquisition of the marketing and promotional business and operations of Skycastle Entertainment.
Covidien on the acquisition of CardioDigital, a U.S. company formed for the commercialization and development of pioneering work into the use of time-frequency decomposition techniques.
TMF US Holding Inc. on the purchase of Lord Securities Corporation and Lord Securities LLC from Computershare Inc.
OneSource, a listed U.S. facilities management company, on its agreement to be acquired for approximately $400 million by San Francisco-based ABM.
Imperial Tobacco on its approximately $23-billion all-cash public tender offer for shares of Altadis.
NBC Universal and CBS on the sale of its stake in the Sundance Channel to Rainbow Media Holdings for $496 million.
NBC Stations Management Inc. on its acquisition of all of the issued and outstanding membership interests of LX Networks LLC.
Hiscox Holdings Inc. on its $55-million acquisition of all of the issued and outstanding capital stock of ALTOHA Inc., American Live Stock Insurance Company Inc. and related insurance agency Harding & Harding.
Carlson Companies Inc. and Vlasov Shipping Corporation on the disposal of their interests in the Regent Seven Seas Cruises business to Apollo Management, the U.S.-based private equity company.
Novartis on its sale of Gerber Life Insurance Co. in connection with the overall sale of Gerber to Nestlé.
Sanmar Group on the $95.7-million acquisition of all of the issued and outstanding membership interests of Matrix Metals LLC.
Imperial Tobacco on its $1.9-billion acquisition of Commonwealth Brands, the fourth largest cigarette manufacturer in the United States.
Imperial Tobacco on the acquisition of J&R Cigar.
Imperial Tobacco Group plc on the acquisition of U.S.-based tobacco distributors Lignum 2 Inc. and L2 Holdings Inc.
Total on the acquisition of the downstream retail and distribution businesses of ExxonMobil in Puerto Rico, U.S. Virgin Islands and Jamaica.
GE Energy on the creation of a global nuclear power joint venture with Hitachi, resulting in approximately $1.4 billion of net proceeds to GE.
GE on its $212-million divestiture of the GE Energy Rentals business to Aggreko plc.
Cyclacel Group on its combination with Xcyte Therapies Inc, a Nasdaq-listed biotech company.
Draka Holdings on the acquisition of the Mexican and Philippines subsidiaries of International Wire Group.
Taminco on its $215-million acquisition of the European methylamines and derivatives business of Air Products & Chemicals Inc.
Taminco on its takeover by CVC.
Promens, the Icelandic plastics manufacturer, on the acquisition of Elkhart Plastics.
Fox Paine & Co. LLC on its $375-million acquisition of the United National Group of insurance companies.
Warburg Pincus LLC on its investments in Avaya Inc. and Agere Inc.
Hellman & Freidman LLC and Warburg Pincus LLC in connection with a $750-million investment in Arch Capital Group.
Kelda Group plc on its $860-million sale of Aquarion Company to affiliates of Macquarie Bank.
Kelda Group on the $28-million disposition of Aquarion Water Company of New York to United Water Resources.
Kelda Group on the $7-million disposition of Aquarion Water Company of Sea Cliff to Aqua America.
Sotheby’s Holdings Inc. on its $300-million recapitalization to eliminate the company’s dual class super-voting share structure.
Valero Energy Corporation on its $8-billion acquisition of Premcor Inc.
BGC Partners L.P. on its $110-million acquisition of Maxcor Financial Group Inc.
Sears, Roebuck and Co. on its $11-billion acquisition by Kmart Holding Corporation.
General Mills Inc. on a $1.5-billion secondary offering by affiliates of Diageo plc and a $750-million offering by Lehman Brothers Holdings Inc. of securities mandatorily convertible into General Mills shares.
Viad Inc. on its spinoff of MoneyGram International Inc.
United National Group Ltd. on its $175-million initial public offering.
Payless ShoeSource Inc. on its $200-million offering of senior notes.
Houston Rockets on the formation of Houston Regional Sports Network.
John A. Williams on a proxy contest for Post Properties Inc.
Martha Stewart on her sale of shares in Martha Stewart Living Omnimedia Inc. to ValueAct Capital Partners.
Solutia Inc. on its $500-million disposition of its resins and additives business to UCB SA.
Providian Financial Corporation on the disposal of $2.6 billion in credit card receivables to affiliates of Goldman, Sachs & Co. and Citigroup.
U.S. Bank on the acquisition of the branch banking operations of Bay View Bank.
Computer Associates Inc. on proxy contests by Sam Wyly.
Pacific Century Financial Corporation on the disposal of the branch banking operations of Pacific Century Bank to U.S. Bank.
AT&T Corp. on a $7.5-billion exchange offer of AT&T Wireless stock.
Michael Jordan on his investment in professional sports teams, the Washington Wizards and Washington Capitals.
Donaldson, Lufkin & Jenrette Inc. on its $11.5-billion acquisition by Credit Suisse Group.
National Commerce Bancorporation and CCB Financial Corporation on their $2-billion merger of equals.
Lilly Industries Inc. on its $975-million acquisition by Valspar Corporation.
Martha Stewart Living Omnimedia Inc. on its $125-million initial public offering.
United Technologies Corporation on its $2-billion disposition of UT Automotive to Lear Corporation.
“Using The M&A Slowdown To Prepare A Portfolio Co. For Sale,” Law360, May 26, 2020
“M&A Disclosure Schedule Carveouts Amid Global Pandemic,” Law360, April 10, 2020
“Preparing a Portfolio Company for Sale,” Lexis Practice Advisor, November 27, 2019
“The Advisers Behind Today’s Defining M&A Deals: A Conversation with SRZ’s Leading M&A and Securities Lawyers,” The Hedge Fund Journal, October 2019 (interview)
“Why Law Firms Must Have a Compliance Plan for PE Clients,” Law360, May 17, 2019 (quoted)
“What the PE Industry’s Middle-Market Fever Means for Attorneys,” Law360, Sept.14, 2017 (quoted)
“Another Benefit to a Thoughtful Sale Process?” Corporate Board Member, Second Quarter, 2017 (co-author)
“M&A Strategies for Success,” Corporate Board Member, First Quarter, 2017 (interview)
“Mid-Market M&A: Riding out the Downturn,” Mergermarket, October 2016 (featured)
“A Tactical Tool-Kit for Buying, Selling and Investing in Payments Companies: First Hand Strategies for Tackling Deal Points, Regulatory Challenges, Diligence Issues and Post-Signing Coordination,” ACI FinTech & Emerging Payment Systems Conference, July 2020
“Investing in Financial Services: PE + VC Activity,” Mergermarket Financial Services M&A Forum, New York, November 2016
“Doing M&A Deals: Strategies to Minimize Deal Risk,” NYSE General Counsel Forum & Compliance Workshop, New York, November 2016
- New York City Bar Association
- Chambers USA
- The Legal 500 US