Alston & Bird has ranked third among U.S. law firms representing financial advisors in first-quarter M&A activity.
The results were announced by The Deal, a business unit of TheStreet, Inc., which ranked the top law firms for M&A deals of $100 million or more that involved a U.S. company.
First-quarter deals in which Alston & Bird acted as counsel to financial advisors include, among others:
- Advising Wells Fargo Securities, the financial advisor to Algonquin Power & Utilities in connection with Algonquin Power & Utilities’ proposed acquisition of Empire District Electric pursuant to a cash merger valued at approximately $2.4 billion.
- Representing Credit Suisse, the financial advisor to WPX Energy in connection with the sale of its wholly owned subsidiary, WPX Energy Rocky Mountain, to Terra Energy Partners for $910 million in cash.
- Advising Macquarie Capital, the financial advisor to Xenith Bankshares in connection with its proposed stock-for-stock merger with Hampton Roads Bankshares in a transaction valued at approximately $107 million.
The Deal is a media and technology company providing more than 100,000 users with business opportunities sourced from proprietary deal news and a relationship discovery tool. Its M&A League Tables, which come out each quarter, are cumulative across the year.