Recent Transactions

06-Aug-99
$12.8 billion
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Target: 

One2One

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Acquiror: 
Deutsche Telekom AG

(joint venture between Cable and Wireless plc and Media One)
Strategic advice to C&W in connection with the sale of One2One, a UK mobile phone operator, 50% owned by C&W and 50% owned by Media One

30-Jul-99
$2.5 billion
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Target: 

Mirror Group PLC

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Acquiror: 
Trinity plc

Advised Trinity on its merger with Mirror Group to form Trinity Mirror, the UK’s largest newspaper publisher

26-Jul-99
$23.3 billion
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Target: 

Cable & Wireless Communications plc

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Acquiror: 
Cable and Wireless plc

, 53% subsidiary of Cable and Wireless plc Advised C&W on the reorganisation of Cable & Wireless Communications, including the sale of CWC’s consumer businesses to NTL and the acquisition of the public minority interest in CWC’s business telephony, data and IP operations

29-Jun-99
$3.0 billion
U.S.A. flag
Target: 

Alta Vista Company

U.S.A. flag
Acquiror: 
CMGI Inc.

(Compaq Computer Corp.) Advised Compaq Computer Corporation on the sale of an 83% stake in the Alta Vista Company for a combination of CMGI common equity, preferred stock and a note

16-Jun-99
$2.5 billion
U.S.A. flag
Target: 

TriNet Corporate Realty Trust, Inc.

U.S.A. flag
Acquiror: 
Starwood Financial Trust

Advised TriNet on a stock for stock merger with Starwood Financial, creating a leading player in the specialty real estate finance area

01-Jun-99
$1.6 billion
U.S.A. flag
Target: 

Chancellor Media Corp

U.S.A. flag
Acquiror: 
Lamar Advertising Co.

(Outdoor Advertising Division) Advised Chancellor Media on the sale of its outdoor advertising unit for a combination of stock and cash

01-Jun-99
$601 million
U.S.A. flag
Target: 

Aquarion Company

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Acquiror: 
Kelda Group plc

Advised Kelda Group (formerly Yorkshire Water) on the all-cash purchase of Aquarion Company, a US water utility group.

14-Apr-99
$1.3 billion
U.S.A. flag
Target: 

Berkshire Realty Company, Inc.

U.S.A. flag
Acquiror: 
Berkshire Chairman, Goldman Sachs and The Blackstone Group

Advised investor group led by Berkshire Realty Chairman, Goldman Sachs and The Blackstone Group on the buyout of Berkshire Realty, a multi-family REIT that owns 82 apartment communities located in Florida, Texas and the Mid-Atlantic and Southeastern U.S.

12-Mar-99
$3.1 billion
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Target: 

M&G Group plc

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Acquiror: 
Prudential Corp. plc

Advised M&G Group on the sale of the company for cash to Prudential, the United Kingdom’s largest life insurer and fund manager.

16-Jul-98
$1.5 billion
U.S.A. flag
Target: 

iMCI

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Acquiror: 
Cable and Wireless plc

, MCI’s Internet Business
Advised C&W on the financing of its iMCI acquisition via the largest equity primary placement to date in the London market

07-Jul-98
$1.7 billion
U.S.A. flag
Target: 

LIN Television Corporation

U.S.A. flag
Acquiror: 
Chancellor Media Corp.

Advised LIN on its sale to Chancellor Media

02-Mar-98
$400 million
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Target: 

Olsy SpA (Olivetti SpA)

U.S.A. flag
Acquiror: 
Wang Laboratories Inc.

Advised Wang on its acquisition of Olsy, the systems and solutions division of Olivetti, for a combination of cash and securities.

04-Feb-98
$75 million
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Target: 

The Ritz-Carlton

U.S.A. flag
Acquiror: 
Blackstone Capital Partners

, Boston (Sumitomo Bank)
Advised Sumitomo Bank on the public sale to the Blackstone Group of its promissory note secured by the first mortgage on The Ritz-Carlton, Boston.

26-Jan-98
$9.6 billion
U.S.A. flag
Target: 

Digital Equipment Corporation

U.S.A. flag
Acquiror: 
Compaq Computer Corporation

Advised Compaq on the purchase, for cash and stock, of Digital, a maker of PCs and high performance servers and a provider of enterprise solutions and multi-vendor services. The acquisition is the largest technology transaction to date and creates the second largest enterprise computing company in the world

16-Jan-98
$NA
U.S.A. flag
Target: 

Borden Foods International

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Acquiror: 
Nestlé S.A.

Advised Nestlé on its acquisition of Borden Foods International’s businesses, which have sales of more than $400 million.

27-Oct-97
$1.9 billion
U.S.A. flag
Target: 

LIN Television Corporation

U.S.A. flag
Acquiror: 
Hicks, Muse, Tate & Furst Incorporated

Advised Hicks, Muse on the acquisition of LIN Television, which owns and operates eight network-affiliated television stations, and provides marketing and programming for four additional stations through Local Marketing Agreements

22-Jul-97
$1.7 billion
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Target: 

Cigarrera La Moderna

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Acquiror: 
B.A.T. Industries Plc

, subsidiary of Empresas La Moderna Advised Empresas La Moderna on the sale of its subsidiary Cigarrera La Moderna, Mexico’s largest cigarette producer, for a combination of cash and redeemable notes

23-Jun-97
$4.4 billion
U.S.A. flag
Target: 

Tandem Computers Inc.

U.S.A. flag
Acquiror: 
Compaq Computer Corporation

Advised Compaq on the purchase, for stock, of Tandem, a maker of fault-tolerant server and hardware products

09-Jun-97
$540 million
U.S.A. flag
Target: 

Robertson Stephens & Company

U.S.A. flag
Acquiror: 
Bank America Corporation

Advised Robertson, Stephens & Co. on the sale of 100% of this privately-held securities firm to BankAmerica in a friendly all-cash transaction.

18-Feb-97
$1.1 billion
U.S.A. flag
Target: 

Viacom Inc.

U.S.A. flag
Acquiror: 
Chancellor Broadcasting

- various radio assets
Advised Chancellor in the purchase of Viacom’s radio assets

18-Feb-97
$1.8 billion
U.S.A. flag
Target: 

Chancellor Broadcasting

U.S.A. flag
Acquiror: 
Evergreen Media Corp.

Provided a fairness opinion for the merger of Chancellor and Evergreen. The transaction created the largest pure-play radio company in the U.S.

17-Dec-96
$1.3 billion
U.S.A. flag
Target: 

Genetics Institute

U.S.A. flag
Acquiror: 
American Home Products

Represented the Special Committee to the Board of Directors of Genetics Institute as AHP exercised its option to acquire the remaining 40% of Genetics Institute

20-Sep-96
$3.9 billion
U.S.A. flag
Target: 

PanAmSat Corp.

U.S.A. flag
Acquiror: 
Hughes Electronics Corp.

Advised Hughes on the acquisition of PanAmSat, creating the world’s premier privately-owned global satellite communications provider

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