Shearman & Sterling Makes Giant Leap in Mergers & Acquisitions Tables for 2023

In 2023, Shearman & Sterling rose to No. 14 in deal value from a ranking of No. 47 in 2022. Over the past year, the firm increased its market share by 3.9%, the third-largest gain among top 25 firms for deal value.

For deal volume, Shearman & Sterling also made a giant leap, jumping to No. 13 from No. 61 in 2022, reported The American Lawyer in an article published on Jan. 4, 2024. According to LSEG, worldwide M&A activity in 2023 totaled $2.9 trillion.

Highlights of Shearman & Sterling’s recent work as advisors includes:

• SAP SE in the $12.5 Billion Sale of Qualtrics International to Silver Lake
• CVS Health Corp. in its $10.6 Billion Acquisition of Oak Street Health
• Intercontinental Exchange in its $11.9 Billion Acquisition of Black Knight
• Mubadala Capital’s Pending Acquisition of Fortress Investment Group
• TELUS International Holding Corp. in its Cash and Stock Acquisition of WillowTree