Ropes & Gray ranked third in mergers and acquisitions legal advisors in the retail sector according to GlobalData’s “Global and Retail M&A Report Legal Advisors League Tables H1 2021.” The tables ranked firms by deal value and volume for the first half of 2021. Over that period, Ropes & Gray recorded six deals valued at $10.4 billion.
Among those transactions, Ropes & Gray represented HBC in its partnership with Insight Partners to establish luxury retailer Saks OFF 5th and Saks.com as a standalone digital business, valuing the company at approximately $1 billion. Hudson’s Bay Company is North America’s longest continually operating retailer. The transaction was particularly complex as the digital business had to be “stood up” so that it could operate on its own, while preserving the ability of Saks OFF 5th’ and Saks.com’s retail business to continue to operate without interruption.
The firm’s approximately 200 M&A and private equity attorneys advised on more than 300 transactions over the past 12 months for an aggregate total of more than $350 billion demonstrating the skills and attention to client needs that are the hallmark of Ropes & Gray.
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