Capabilities by Region

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

Advised Trenwick, a Bermuda-based specialty insurance and reinsurance underwriting organization on the restructuring of $552 million of externally held financial indebtedness

Advised Tesco PLC, Britain’s largest retailing group, on its acquisition of T&S Stores plc, a publicly listed convenience store retailer operating in the UK.

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

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

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

(majority owned by 3i plc)
Advised Go Fly, Europe’s No. 3 no-frills airline, on its sale to easyJet. The acquisition created Europe’s largest low cost airline.

Advised Pegaso, Mexico’s No. 2 wireless provider, on its financial restructuring and subsequent sale of 65% stake to Telefonica

Advised the Special Committee of Morton’s on sale of the Company.

Advised Bethlehem Steel Corp., the United States third largest steel producer, in connection with its Chapter 11 proceedings and eventual sale to International Steel

Advised Regal Cinemas, the largest theatre chain in the United States, on its prepackaged bankruptcy plan and acquisition by The Anschutz Corporation

Advised Westvaco Corporation, a packaging and paper products company, on its merger-of-equals with The Mead Corporation

Advised Sterling Chemicals in connection with its Chapter 11 proceedings

Advised EDS on its acquisition of SDRC, a developer of enterprise-wide product data management software

(Industrial Services)
Advised Brambles on its merger with the industrial services division of GKN under a dual listed companies structure

Advised the Official Committee of Unsecured Creditors in connection with the Chapter 11 proceedings of US Office Products Company

(Pillsbury Desserts & Baking Mixes Portfolio)
Advised Diageo on divestiture of Pillsbury’s Desserts & Baking Mix business to gain FTC approval for the sale of Pillsbury to General Mills.

Advised Nestlé on the agreed cash offer for the US pet-food company Ralston Purina

Advised AerFi on its sale to debis AirFinance .

Advised Diageo on the sale of The Pillsbury Company for $5.1 billion in assumed debt and $5.4 billion in stock to General Mills.

, 54% subsidiary of Cable and Wireless plc
Advised C&W on the sale of Hong Kong Telecom (54% owned subsidiary of C&W) to PCCW in non-Japan Asia’s largest ever transaction.

, S.A. de C.V. (stake owned by Savia S.A. de C.V.)
Advised Savia on the sale of a minority stake in Seguros Comercial América, the largest Mexican insurance company, to ING Groep.

Advised AerFi Group on its acquisition of Indigo Aviation. The transaction involved a negotiated purchase of 72% of Indigo for shares of AerFi followed by a cash tender offer for the remaining 28% of the outstanding Indigo shares.

(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