Cleary Gottlieb won both M&A Deal of the Year and Debt and Equity-Linked Deal of the Year at the International Financial Law Review’s Americas Awards 2008 dinner. Cleary Gottlieb earned the M&A honor for representing Euronext in its $11.3 billion merger with the New York Stock Exchange, creating the first transatlantic securities exchange company. IFLR described this deal as “part of a growing trend of exchange consolidation” that “also set the biggest and most complex precedent for such cross-border mergers.”
The firm advised Citigroup on its private placement of $7.5 billion of hybrid securities to sovereign wealth fund Abu Dhabi Investment Authority, recognized by IFLR as Debt and Equity-Linked Deal of the Year. IFLR commended the transaction for “creating a trend that continued into 2008 with financial institutions agreeing to investments by sovereign wealth funds.”
IFLR, published monthly by Euromoney, covers news and analysis on international deals, legislative changes, practice issues, latest techniques and best practice strategies.