Capabilities by Industry

Advised leading European support services company Rentokil Initial on unsolicited approach from Raphoe Management Limited

Advised Whirlpool Corporation, one of the world’s leading manufacturers of major home appliances, on its acquisition of Maytag Corporation

Advised Texas Genco LLC on the sale of a fuel oil pipeline and associated storage assets to TEPPCO Partners LP

Advised Texas Genco LLC on the sale of natural gas storage assets to Kinder Morgan Energy Partners LP

Advised UK radio and regional press company Scottish Radio Holdings plc on a recommended offer by EMAP plc

Advised T&F Informa on the acquisition of IIR, a leading provider of performance improvement solutions and organiser of conferences and exhibitions. The acquisition is to be financed via a rights issue of c.$570mm and a new debt facility

Advised America West Holdings in connection with its merger with US Airways Group. (+Transaction value represents enterprise value of combined entity, including capitalized operating leases of $4.8 billion)

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

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

/ Papers Business
Provided fairness opinion to the Board of Directors of MeadWestvaco Corporation on the sale of its Papers business and associated assets to Cerberus Capital Management, L.P

Advised Aggregate Industries PLC on the sale of the company to Holcim Ltd

(31.3 % stake owned by WestLB)
Advised TUI AG, Europe’s largest tourism company, in connection with WestLB’s sale of its 31.3% stake in TUI AG.

Advised Akzo Nobel N.V., a global leader in coatings, chemicals and pharmaceuticals, on the sale of its coating resins activities to Nuplex Industries Ltd.

(subsidiary of Ingersoll-Rand Co.) Advised Ingersoll-Rand Company on the divestiture of its Dresser-Rand business unit, a supplier of steam and gas turbines, for $1.2 billion to First Reserve Corporation.

(majority owned by 3i Group plc)
Advised 3i and Malmberg's management on the sale of educational publisher Malmberg Investments to SanomaWSOY. The transaction represents 3i's largest exit in Continental Europe.

Advised specialty medical products company, Maxxim Medical, in connection with its Chapter 11 proceedings and sale to Medline and others

Advised WH Smith PLC on a possible offer for the company from Permira Advisers Limited

Advised Informa Group on its merger with Taylor & Francis. Following the merger, Informa shareholders own 51% of the combined company

Advised Cable & Wireless plc in connection with the Chapter 11 proceedings of its US subsidiary, Cable & Wireless America, including its sale to Savvis Communications for $155 million

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

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

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

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

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