Over a dozen firms won roles last week on what is being billed as the largest UK M&A transaction between brewing giants Anheuser-Busch InBev (AB InBev) of SABMiller.

Last week, AB InBev formally announced its £71bn bid for rival SABMiller while also securing a $12bn spin-off sale of the MillerCoors joint venture in the US.

On the latter deal, Kirkland & Ellis teamed up with Cleary Gottlieb Steen & Hamilton to advise Molson Coors Brewing Company, which joined with SABMiller in 2007 to create MillerCoors.

AB InBev is meanwhile being supported on both transactions by Freshfields Bruckhaus Deringer, Sullivan & Cromwell and Cravath Swaine & Moore, with the target SABMiller receiving legal advice from from Cleary, Linklaters and Hogan Lovells.

A range of other firms won roles elsewhere, such as Herbert Smith Freehills, Macfarlanes, Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz who are all working with SABMiller’s shareholders. Clifford Chance is representing the controlling shareholders of AB InBev.

Not content with being the only magic circle firm left out, Allen & Overy is advising the lenders of a $75bn loan facility to finance the bid.

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