Cargill / Mosaic deal: one of the most remarkable transactions in recent history
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Cargill / Mosaic deal: one of the most remarkable transactions in recent history

After nearly half a decade of construction, joint bookrunners Credit Suisse, JPMorgan and UBS receive a Euromoney Deal of the Year 2011 for their Cargill Inc/The Mosaic Company trade

Cargill Inc/The Mosaic Company
Size $7.5 billion customized split-off and debt-for-equity exchange
Date May 2011
Joint bookrunners Credit Suisse, JPMorgan, UBS
Adviser to Cargill Credit Suisse
Adviser to MAC Foundation UBS
return to the Global Deals of the Year index

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, Ms 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 Ms Cargill’s stake at some $9.4 billion.

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