Corporate Control Alert – a service of The Deal that provides analysis of key Delaware case law, trends in dealmaking, activism, and regulation – has ranked Alston & Bird third among counsel to financial advisors on U.S. M&A transactions with a value of $100 million or more announced between Jan. 1 and June 30, 2024.
Partners Stuart Rogers and Aaron Dixon of Alston & Bird’s Financial Advisors Team acted as counsel to the investment banks in 14 qualifying transactions in the first half of 2024 with an aggregate value of more than $31 billion.
In the first half of 2024, Alston & Bird advised investment banks on qualifying deals that included:
- Sunoco LP’s $7.3 billion acquisition of NuStar Energy LP; Alston & Bird represented the financial advisor to Sunoco LP.
- ALLETE Inc.’s $6.2 billion announced acquisition by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners; Alston & Bird represented the financial advisor to ALLETE Inc.
- APA Corporation’s $4.5 billion acquisition of Callon Petroleum Co.; Alston & Bird represented the financial advisors to APA Corporation.
- Sterling Check Corp.’s $2.2 billion pending sale to First Advantage Corporation; Alston & Bird represented the financial advisor to Sterling Check Corp.
- Noble Corporation plc’s $1.6 billion announced acquisition of Diamond Offshore Drilling Inc.; Alston & Bird represented the financial advisor to Noble Corporation plc.
Alston & Bird is consistently ranked among the top 10 law firms representing financial advisors in M&A deals by Corporate Control Alert, in recent years acting as counsel to investment banks in transactions with an aggregate value exceeding $1 trillion.