One of the most remarkable transactions in recent history…
After nearly five years of crafting, joint bookrunners Credit Suisse, JPMorgan and UBS receive a Euromoney Deal of the Year 2011 for their Cargill Inc/The Mosaic Company trade.
One of the most interesting transactions in the market last year was set in motion a full four-and-a-half years ago. The death on August 1, 2006, of Margaret Cargill, the granddaughter of Cargill founder WW Cargill, set in motion a chain of events that would result, in 2011, in one of the more remarkable transactions in recent capital markets history.
Along with a personal fortune estimated by Forbes Magazine at about $1.8 billion, making her the 164th-richest American, Margaret Cargill had endowed the trustees of the Margaret A Cargill Philanthropies (MAC) Foundation with her 17% shareholding in the privately owned Cargill. Although the company has never publicly disclosed its valuation, market estimates of around $55 billion valued her stake at some $9.4 billion.
Jeff Bunzel, head of equity capital markets for the Americas with Credit Suisse in New York, says:
For full details and the story behind this deal, click here