Corporate Control Alert, the legal and financial dealmaking journal published by The Deal, has ranked Alston & Bird sixth 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, 2020.
For the year, the firm’s Financial Advisors Practice acted as counsel to the investment banks in 14 qualifying transactions having an aggregate value of more than $70 billion.
Included among last year’s qualifying deals in which Alston & Bird advised the investment banks are:
- 7-Eleven’s $21 billion acquisition of Speedway LLC from Marathon Petroleum Corporation, in which Alston & Bird acted for the financial advisor to 7-Eleven.
- Chevron Corp.’s $13 billion acquisition of Noble Energy, in which Alston & Bird acted for the financial advisor to Chevron.
- Intercontinental Exchange’s $11 billion acquisition of Ellie Mae, in which Alston & Bird acted for the financial advisor to Intercontinental Exchange.
- ConocoPhillips’s $9.7 billion all-stock acquisition of Concho Resources, in which Alston & Bird acted for the financial advisors to Concho Resources.
- Builders FirstSource’s $2.5 billion all-stock business combination with BMC Stock Holdings, in which Alston & Bird acted for the financial advisor to Builders FirstSource.
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 $750 billion.