A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The closing of this transaction is expected in the first half of 2026, subject to regulatory approvals.
United States
A&O Shearman has advised Deutsche Bank on the financing of
Air Liquide's acquisition of DIG Airgas, a leading industrial
gas player in South Korea, from Macquarie Asia-Pacific
Infrastructure Fund 2, in a transaction valued at EUR2.85 billion
(KRW4.6 trillion).
This major acquisition marks a significant strategic milestone
for Air Liquide, substantially strengthening its position in the
South Korean market—the world's sixth largest industrial
economy by GDP, the fourth largest industrial gas market, and the
second in terms of innovation spending ratio.
The financing of this acquisition was secured through the
arrangement of a bridge loan fully underwritten by Deutsche Bank
AG, Luxembourg branch, with Deutsche Bank AG acting as mandated
lead arranger and bookrunner.
The closing of this transaction is expected in the first half of
2026, subject to regulatory approvals.
A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
