Freshfields advised Anheuser-Busch in $127.8b SABMiller merger

Freshfields is expected to have bagged the biggest slice of the nearly $350m legal bill.

Freshfields advised Anheuser-Busch in $127.8b SABMiller merger
Freshfields Bruckhaus Deringer has confirmed its role in the world’s largest beer merger yet, the $127.8b megamerger between Anheuser-Busch InBev and SABMiller.
 
Freshfields advised Anheuser-Busch InBev – the world’s largest brewer and owner of the Budweiser, Stella Artois and Corona brands – in the deal which closed 11 October.
 
As the lead legal adviser to Anheuser-Busch InBev, Freshfields is expected to have bagged the biggest slice of fees.
 
The Freshfields team was led on the corporate side by partners Simon Marchant, Alison Smith and Vincent Macq, and on the antitrust side by partners John Davies and Thomas Janssens.
 
“The project was unique due to its huge scale and global reach and demonstrated Freshfields’ ability to work seamlessly across borders,” the Magic Circle firm said.
 
According to a scheme document from SABMiller which was widely circulated last month, total professional advisory fees for the massive deal was about $2.58b with law firms estimated to have billed $347.3m.
 
Anheuser-Busch InBev was expected to pay law firms more than $246m while SABMiller was expected to pay law firms more than $101m.
 
Anheuser-Busch InBev has also instructed Cravath, Swaine & Moore and Sullivan & Cromwell while controlling shareholders of the company were advised by Clifford Chance.
 
SABMiller is understood to have tapped BigLaws Linklaters and Hogan Lovells for legal advice while Herbert Smith Freehills has previously been reported to be acting on behalf of BevCo, the second largest SABMiller shareholder.
 
Simpson Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz are also said to have advised other shareholders of SABMiller.
 
The combined company has more than $73b in annual revenues and approximately 28% global market share in the beer industry.
 

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

DLA Piper taps partner, counsel to spearhead international pro bono initiative

Corporations face increased compliance burden this year: Hogan Lovells report

Jones Day elects new partner-in-charge for Melbourne branch

Baker McKenzie guides Zeder Corp shareholders to smooth sale

Australasian Law Awards 2022 seeks the legal profession's superstars

Supreme Court to hear the case of WA's unvaccinated police force

Most Read Articles

Federal Court wins match point in Djokovic visa showdown

Lavan starts 2022 strong with new senior appointments

Corrs energises partnership with ENR stars

Wotton + Kearney welcomes new partner