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Selected Transactions
DATE $   COMPANY/ASSET ACQUIRED   ACQUIROR
03-Mar-2014
$3.6 billion hibu plc (formerly Yell Group plc)
Advised hibu, a full‐service provider of digital and print marketing services for SMEs and owner of print directory brands Yellow Pages (UK), Yellowbook (US) and Paginas Amarillas (Spain), on the comprehensive restructuring of its £2.2 billion balance sheet debt
 
14-Feb-2014
$175 million New Enterprise Stone & Lime Co., Inc.
Advised New Enterprise Stone & Lime Co., Inc. on the refinancing of its $145 million credit with facility with a new $175 million credit facility
 
19-Dec-2013
$145 million New Enterprise Stone & Lime Co., Inc.
Advised New Enterprise Stone & Lime Co., Inc., on an amendment to its $145 million ABL facility
 
03-Sep-2013
$830 million American Roads LLC
Advised American Roads LLC, the operator of five toll road facilities in the United States and Canada, in connection with its pre-arranged Chapter 11 proceedings
 
31-Jul-2013
NA Schenck Process Holding GmbH
Advised Schenck Process Holding GmbH, a global leader in bulk material handling, providing applications incorporating weighing, feeding, screening and automation solutions, on the establishment and implementation of a refinancing solution leading to the amendment and extension of its existing senior and mezzanine syndicated facilities
 
31-Jul-2013
NA CPP Group plc
Advised on the comprehensive restructuring of its balance sheet, including sale of the US business, terming out the existing RCF and creation of additional liquidity by the long term deferral of business partner payments
 
12-Jun-2013
$893 million A$1.6b non-core loan portfolio
Advised Suncorp Group Ltd, a leading general insurance, retail banking and life insurance group in Australia and New Zealand, on the sale of a A$1.6b portfolio of performing and non-performing (corporate and property) loans to Goldman Sachs Group Inc., an American multinational investment banking firm
Goldman Sachs Group. Inc.
10-Jun-2013
Pending
NA Detroit Retirement Systems
Advising the General Retirement System of the City of Detroit and the Police and Fire Retirement System of the City of Detroit (the Detroit Retirement Systems) in connection with the Governor of Michigan’s appointment of an Emergency Financial Manager for the City of Detroit
 
26-Apr-2013
$313 million Azelis S.A.
Advised Azelis S.A., a Pan-European distributor of specialty chemicals owned by funds managed by 3i plc, on its covenant reset and a two year maturity extension of its €240m syndicated debt package
 
21-Dec-2012
$3.7 billion NewPage Corp.
Advised Stora Enso Oyj, a global paper, packaging and wood products producer headquartered in Helsinki, Finland, in connection with the Chapter 11 proceeding of NewPage, the largest North American coated-paper manufacturer
 
19-Dec-2012
$100 million Thiele Kaolin Company
Advised Thiele Kaolin Company, a miner and processor of kaolin clay, on a range of strategic options, resulting in a leveraged recapitalization and special dividend
 
11-Dec-2012
$51.6 billion American International Group (AIG)
Advised the United States Department of the Treasury (“UST”) on the full reduction of its 92% ownership stake in the insurer through numerous Secondary Public Offering Transactions
 
23-Nov-2012
NA SAS Group
Advised the Norwegian Government in relation to some specific issues in connection with the restructuring of SAS, the leading airline group in Northern Europe
Norwegian Government
09-Nov-2012
~$1.7 billion Lonmin plc
Advised Lonmin plc, the world’s third largest primary producer of Platinum Group Metals, on a comprehensive refinancing of its balance sheet, including an underwritten ~$817m rights issue and amendments to its existing ~$929m debt facilities
 
13-Aug-2012
$32 million Journal Communications, Inc.
Advised the Board of Directors of Journal Communications, Inc., a diversified media company with newspaper and broadcasting interests, in connection with the repurchase of 100% of the issued and outstanding shares of its Class C Common Stock from successors to the Company’s founding family
 
01-Aug-2012
$4.0 billion Mediclinic International Limited
Advised Mediclinic International, South Africa’s second largest and Switzerland’s largest provider of private hospital services, on the restructuring of its entire balance sheet, including $2.2 billion debt refinancing in Switzerland and a $0.6 billion rights issue in South Africa
 
28-Jun-2012
$275 million Village Roadshow Entertainment Group
Advised Village Roadshow Entertainment Group on its $275 million mezzanine and equity capital raise from a group of investors
 
18-Jun-2012
NA Pension Trustees of Howden Joinery Group plc
Advised the Pension Trustees of Howden Joinery Group plc in negotiating a revised schedule of deficit reduction payments, and with regards to their security position relative to the Company’s lenders
 
04-May-2012
$55 million Armajaro Trading Limited
Advised Armajaro Trading Limited, a global soft commodity trading house and supply chain manager, on raising mezzanine capital from the International Finance Corporation, a unit of the World Bank
International Finance Corporation
23-Apr-2012
$2.0 billion Moorebank Intermodal Terminal
Acted as independent advisor to the Australian Government in a peer review of the proposed intermodal terminal linking Sydney’s major port with Australia’s road and rail system
 
15-Mar-2012
$650 million Viridian Group
Advised the Board of Viridian, the leading energy utility company in the all-Ireland market, on its refinancing comprising the issue of €313 million and $250 million notes due April 2017
 
19-Dec-2011
$1.6 billion The Miller Group
Advised The Miller Group, the UK’s largest private homebuilder, on the recapitalization of its balance sheet comprising a substantial new equity capital raising and a significant debt for equity swap
 
13-Dec-2011
$345 million Cabot Microelectronics Corporation
Advised Cabot Microelectronics Corporation on its new capital management initiative, including a leveraged recapitalization via a special dividend
 
08-Dec-2011
NA U.S. Department of Energy
Advised Herb Allison in an independent review of a $35.9 billion energy loan portfolio
 
29-Nov-2011
NA Pension Benefit Guaranty Corporation
Advised the Pension Benefit Guaranty Corporation (“PBGC”) in connection with the Chapter 11 filing of AMR Corporation, the parent company of American Airlines, Inc. and American Eagle Airlines, Inc.
 
27-Sep-2011
$259 million Goodman Fielder Limited
Advised Goodman Fielder Limited, an Australian consumer foods manufacturer and distributor, on its equity capital raising via a rights issue
 
24-May-2011
$1.0 billion New Zealand Ultra-Fast Broadband
Sole financial adviser to Crown Fibre Holdings (100% New Zealand Government owned entity) on the tender and negotiations for the investment of NZ$1.3 billion in a new ultra-fast broadband network in New Zealand, which includes agreements with Telecom Corporation of New Zealand, Christchurch City Holdings, WEL Networks and Northpower
 
13-May-2011
NA Bionomics Ltd
Advised Bionomics Ltd, in relation to the tender process run by Bionomics’ largest shareholder, Start-up Australia Ventures (“Start-up”), for its 28% stake in the company, follow on sell-down of Start-up’s stake to 8% and associated capital raising by Bionomics
 
01-Mar-2011
$122 million Australian Unity Limited
Advised Australian Unity Limited, a leading healthcare, financial services and retirement living mutual organisation, on its A$120 million issue of five year unsecured notes listed on the Australian Stock Exchange
 
14-Feb-2011
$40.0 billion Australian National Broadband Network
Greenhill acted as sole adviser to the Australian government in connection with the National Broadband Network, which represents the single largest infrastructure project in the country’s history
 
11-Feb-2011
$986 million Findel plc
Advised Findel plc, a UK listed multi-channel retailer, on the restructuring of its balance sheet comprising an equity capital raising and refinancing of its debt and pension obligations
 
04-Feb-2011
$420 million Bosque Power Company
Advised Bosque Power Company, a natural gas-fired power plant located in Texas, on its negotiations with lenders and restructuring
 
11-Jan-2011
$220 million Constar International, Inc.
Advised Constar International, Inc., a plastic packaging manufacturer, in connection with its pre-arranged Chapter 11 proceedings
 
22-Nov-2010
NA U.S. Department of the Treasury
Advised the United States Department of the Treasury on the management and disposition of its common shares of AIG
 
10-Nov-2010
NA Pension Benefit Guaranty Corporation
Advised the Pension Benefit Guaranty Corporation ("PBGC") in connection with its claim in Chemtura’s Chapter 11 proceeding
 
09-Nov-2010
$27.0 billion General Growth Properties Inc.
Advised the 2006 Credit Facility Lenders, the largest class of unsecured debt with claims in excess of $2.8 billion, in connection with the Chapter 11 proceedings of mall REIT GGP, which resulted in cash payoff of the facilities in full
 
07-Aug-2010
$220 million Environmental Systems Products
Advised Environmental Systems Products Holdings with its out-of-court restructuring
 
30-Jun-2010
$820 million Trident Resources Corporation
Advised Chilton Investment Company on Trident’s financial restructuring and emergence from CCAA / Chapter 11 bankruptcy protection including the negotiation of a new equity investment
 
28-Jun-2010
$1.3 billion Guinness Peat Group plc
Advised GPG plc, a listed investment company, on potential restructuring alternatives
 
10-Jun-2010
$580 million Tishman Speyer Washington D.C. Portfolio
Advised term loan and credit facility lenders to the Tishman Speyer partnership holding a portfolio of 28 office buildings in Washington D.C. and the surrounding area on a restructuring which resulted in payoff of the facilities in full
 
30-Apr-2010
NA Pension Benefit Guaranty Corporation
Advised the Pension Benefit Guaranty Corporation ("PBGC") in connection with its claim in Lyondell’s Chapter 11 proceeding
 
27-Oct-2009
$325 million Fleetwood Enterprises, Inc.
Advised Fleetwood Enterprises, Inc. on the sale of substantially all of its assets, pursuant to multiple Section 363 sales
  Various
06-Oct-2009
NA Pension Benefit Guaranty Corporation
Advised the Pension Benefit Guaranty Corporation ("PBGC") on Delphi’s reorganization and the structure and terms of the PBGC’s recovery on account of Delphi’s pension plan termination
 
14-Aug-2009
$724 million NCI Building Systems, Inc.
Advised NCI Building Systems, Inc., one of North America’s largest integrated manufacturers and marketers of metal products for the non-residential construction industry, on its financial restructuring, which included a majority investment by CD&R and a restructuring of NCI’s outstanding debt
 
29-Jul-2009
$138 million Groupe Aeroplan Inc.
Advised Groupe Aeroplan on its C$150MM participation in a C$600MM credit facility for Air Canada
 
21-Jul-2009
$2.8 billion Quebecor World Inc
Acted as financial advisor to Quebecor World on its CCAA / Chapter 11 restructuring
 
16-Jul-2009
NA Pension Trustees of Galiform PLC
Advised the Pension Trustees of the Galiform PLC Defined Benefit Pension Scheme to negotiate a revised schedule of payments to fund its deficit
 
04-May-2009
NA Constar International Inc.
Advised Constar International Inc. in connection with its pre-arranged Chapter 11 proceedings
 
01-May-2009
$65 million euNetworks Group Limited
Advised euNetworks Group Ltd, a Singapore listed operator of a fibre telecommunications network in Europe, on a repurchase at a discount of the majority of its outstanding convertible bonds, financed by a placement and rights issue
 
30-Apr-2009
NA Chrysler LLC
Advised Chrysler in connection with the chapter 11 proceedings to effectuate the sale of substantially all of its operating assets and certain liabilities to a newly created entity that will be jointly owned by Fiat S.p.A., the VEBA Trust (responsible for the healthcare benefits of current and former employees of Chrysler), the US Treasury and the Canadian government
 
29-Apr-2009
NA U.S. Shipping Partners L.P.
Advised U.S. Shipping Partners L.P. in connection with its pre-arranged Chapter 11 proceedings
 
23-Mar-2009
NA BearingPoint, Inc.
Advised BearingPoint, Inc. on the sale of substantially all of its assets, pursuant to a Section 363 process
  Various
19-Mar-2009
$349 million Inchcape plc
Provided financial advice to Inchcape, the leading independent international automotive retailer, on its assessment of funding and strategic options, resulting in a significant rights issue to strengthen the balance sheet
 
07-Mar-2008
$1.5 billion Ambac Financial Group, Inc.
Advised a consortium of leading global financial institutions and investors, including but not limited to Banc of America Securities LLC; Citigroup Global Markets Inc.; Dresdner Kleinwort Securities LLC; Keefe, Bruyette & Woods, Inc.; and UBS Securities LLC, on its participation in a recapitalization of Ambac Financial Group, Inc.
 
29-Jan-2007
$900 million Eggborough CTA Bonds
Advised an ad hoc committee of bondholders representing over 70% of the debt in Eggborough Power Limited, a UK power station, on (a) the formation of a new company for the purpose of acquiring and holding a controlling interest in the Eggborough CTA Bonds and (b) an associated US$600m financing. The Eggborough CTA Bonds include an option to purchase Eggborough power station in March 2010
Ampere plc (a newly formed company)
15-Dec-2005
$4.5 billion Drax Group Limited
Advised bondholders of Drax Group Limited on the refinancing & listing of, and possible offers for, the company. On 15-Dec-05, Drax Group plc was successfully listed on the London Stock Exchange
 
17-Oct-2005
$16.8 billion Refco
Acted as the exclusive financial advisor to Refco Inc. in connection with its Chapter 11 proceedings which included the sale of substantially all of the assets of Refco's regulated commodities futures business to Man Financial for $1.2 billion
 
08-Oct-2005
NA General Motors
Advised General Motors in connection with the Chapter 11 of Delphi, its largest supplier and former subsidiary
 
15-Sep-2005
NA Delta Air Lines
Advised Delta Air Lines in connection with strategic issues relating to its Chapter 11 proceedings
 
07-Jun-2005
$250 million Monsanto
Advised Monsanto in connection with Solutia’s bankruptcy proceedings
 
19-May-2005
$7.2 billion America West Holdings
Advised America West Holdings in connection with its merger with US Airways Group, which emerged from Chapter 11 as part of the transaction
 
17-May-2005
NA General Motors
Advised General Motors in connection with the Chapter 11 of Collins & Aikman, a significant supplier to GM
 
16-May-2005
$315 million Evergreen International Aviation
Advised Evergreen on refinancing alternatives for its maturing bank facility, resulting in the successful issuance of $215 million of high yield notes and execution of a new $100 million credit facility
 
22-Apr-2005
NA Pension Benefit Guaranty Corporation
Advised the Pension Benefit Guaranty Corporation (PBGC) in United Airlines' bankruptcy proceedings. The PBGC insures the defined benefit pension plans of United Airlines and has asserted a $9.8 billion unfunded pension liability claim against the company
 
20-Dec-2004
$596 million CornerStone Propane, L.P.
Advised CornerStone Propane L.P., one of the nation's largest propane marketers, in connection with its Chapter 11 proceedings, which resulted in a successful stand-alone restructuring
 
02-Aug-2004
$771 million Pegasus Satellite
Advised the Unsecured Creditors of Pegasus Satellite on the sale of the debtor to DirecTV
 
17-May-2004
$400 million Maxxim Medical
Advised specialty medical products company, Maxxim Medical, in connection with its Chapter 11 proceedings and sale to Medline and others
 
13-Feb-2004
$631 million Allegiance Telecom, Inc.
Advised Allegiance Telecom, a telecommunications products and services provider, in connection with its Chapter 11 proceedings, including its sale to XO Communications, Inc
 
23-Jan-2004
$155 million Cable & Wireless
Advised Cable & Wireless plc in connection with the Chapter 11 proceedings of its U.S. subsidiary, Cable & Wireless America, including its sale to Savvis Communications for $155 million
 
19-Sep-2003
$2.8 billion Loral Space and Communications Ltd.
Advised Loral with its Chapter 11 proceedings. Advised on the sale of its North American Fixed Satellite Services assets to Intelsat for $1.1 billion
 
09-Sep-2003
$3.6 billion AboveNet, Inc. (Metromedia Fiber Network, Inc.)
Advised Metromedia Fiber Network (now renamed AboveNet), a leading telecommunications company, in connection with its chapter 11 proceedings, including its ultimate standalone financial restructuring
 
25-Apr-2003
$20.8 billion AMR Corporation
Advised AMR, parent of American Airlines, on strategic alternatives and implementation of a historic out-of-court restructuring through which a variety of stakeholder concessions were achieved, averting bankruptcy
 
04-Apr-2003
$6.1 billion Dynegy Inc.
Advised Dynegy Inc., a leading integrated energy company involved in power generation, gas marketing and processing and regulated energy delivery, on restructuring alternatives during a period of significant pending debt maturities and liquidity constraints. The assignment culminated in a successful renegotiation and extension of Dynegy’s credit facilities
 
21-Mar-2003
$6.1 billion Conseco, Inc.
Advised the Official Committee of Unsecured Creditors of Conseco, Inc., a life insurance and annuities company, on the financial restructuring of the Company’s $6 billion of externally held financial indebtedness
 
13-Mar-2003
$734 million (Bank Facility) RCN Corporation
Advised RCN on the negotiation of an amendment to its $734.4 million bank facility that adjusts and eliminates certain covenants and enables the use of up to $125 million of existing cash and up to $500 million of new secured capital for strategic deleveraging
 
19-Feb-2003
$110 million AT&T Latin America
Advised AT&T Latin America on the restructuring and sale of its South American subsidiaries in Argentina, Brazil, Chile, Colombia and Peru to Telefonos de Mexico for $206.7 million. Also advised ATTLA on the resolution of it U.S. Chapter 11 proceedings
 
13-Jan-2003
$464 million (Liabilities) Orius Corp.
Advised Orius Corp, a leader in Telecom Services, on various strategic alternatives, including its ultimate standalone financial restructuring
 
16-Dec-2002
$350 million Mutual Risk Management
Advised MRM, a global insurance, risk management, and financial administration services provider on the restructuring of $350 million of externally held financial indebtedness, and on the sale of certain key subsidiaries. The restructuring plan provided for this indebtedness to be exchanged for a package of cash and new debt and equity securities
 
08-Dec-2002
$552 million Trenwick Group Ltd.
Advised Trenwick, a Bermuda-based specialty insurance and reinsurance underwriting organization on the restructuring of $552 million of externally held financial indebtedness
 
15-Oct-2002
$3.2 billion AT&T Canada
Advised AT&T Canada on a stand-alone financial restructuring
 
29-Aug-2002
$6.2 billion Marconi plc
Advised the official committee of bondholders of Marconi, a leading telecom equipment provider, on the financial restructuring of Marconi's £4 billion of externally held financial indebtedness
 
23-Aug-2002
$650 million WebLink Wireless, Inc.
Advised WebLink, a leading provider of two-way wireless messaging services, on various strategic alternatives, including its ultimate standalone financial restructuring
 
12-Aug-2002
$450 million Ziff Davis Media, Inc.
Advised Ziff Davis Media, Inc., a special interest media company focused on the technology and game markets, regarding its strategic alternatives and, ultimately, with respect to its recapitalisation effectuated through an exchange offer
 
09-Aug-2002
$17.6 billion Adelphia Communications
Advised the Unsecured Creditors of Adelphia Communications representing $14.5 billion of value in Adelphia’s Chapter 11 proceedings. Advised on the sale of Adelphia’s assets to Time Warner and Comcast for $17.6 billion

Time Warner Inc. and Comcast Corp.
24-Jul-2002
$5.4 billion United Pan-Europe Communications NV
Advised the Committee representing holders of UPC’s Senior Notes and Senior Discount Notes in the negotiations with UPC and its Liberty Media controlled parent company, UnitedGlobalCom, about a proposed balance sheet restructuring and recapitalisation of UPC
 
30-May-2002
NA American Commercial Lines
Advised American Commercial Lines, an operator of barges, towboats and shipyards, on its out of court restructuring
 
15-May-2002
$230 million Completel Europe NV
Advised Completel, an alternative telecom operator, on a balance sheet restructuring and recapitalisation agreement involving an exchange offer for €255 million in face value of public bonds (debt/equity swap), €30 million in new capital from two major shareholders and €8 million from certain bondholders
 
06-May-2002
$1.4 billion Pegaso Telecommunications
Advised Pegaso, Mexico’s No. 2 wireless provider, on its financial restructuring and subsequent sale of 65% stake to Telefonica for $1.36 billion
 
18-Jan-2002
$520 million Thus plc
Advised THUS plc on its underwritten £275 million open offer, £90 million bank loan and demerger from its parent, ScottishPower
 
14-Oct-2001
$4.5 billion (Liabilities) Bethlehem Steel Corporation
Advised Bethlehem Steel Corp., the United States third largest steel producer, in connection with its Chapter 11 proceedings and eventual sale to International Steel
 
11-Oct-2001
$1.3 billion Regal Cinemas, Inc.
Advised Regal Cinemas, the largest theatre chain in the United States, on its prepackaged bankruptcy plan and acquisition by The Anschutz Corporation
 
21-Sep-2001
$1.1 billion RCN Corporation
Advised RCN, the nation’s largest cable overbuilder, in a tender offer for up to $1.1 billion in face value of public indebtedness
 
16-Jul-2001
$982 million Sterling Chemicals
Advised Sterling Chemicals in connection with its Chapter 11 proceedings
 
03-Jul-2001
$309 million AMRESCO
Advised AMRESCO, a specialty finance company, on its sale to NCSI pursuant to Section 363 of the Bankruptcy Code
 
05-Mar-2001
$1.1 billion (liabilities) U.S. Office Products Company
Advised the Official Committee of Unsecured Creditors in connection with the Chapter 11 proceedings of U.S. Office Products Company
 
21-Jan-2001
$225 million (liabilities) RBX Corp.
Advised RBX Corp., a leading manufacturer of rubber products in the U.S., in connection with its Chapter 11 proceedings and financial restructuring
 


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