Skadden made it a hat-trick of awards as it was named tax team of the year for its work advising Vantiv on a merger with London-based Worldpay.
The $10.4bn cash-and-stock deal was Vantiv’s first cross-border transaction, and required expert guidance on US and UK tax law to devise a transaction structure that matched the company’s complex tax (and non-tax) objectives. Those included ensuring it complies with Vantiv’s ‘Up-C’ structure in the US, and that it can also benefit from President Donald Trump’s recent tax reforms (something that took place after signing the transaction agreement but before the deal closed).
