Recent Transactions

14-Jul-23
$333 million
Canada flag
Target: 

Canopy Growth Corporation

flag not available
Acquiror: 
N/A

Advised Canopy Growth, a leading diversified cannabis company, on a series of agreements, including privately negotiated redemption agreements with certain holders of its unsecured senior notes due July 15, 2023 and agreements with certain of its lenders under its term loan credit agreement dated March 18, 2021, that will have the overall effect of deleveraging the Company’s balance sheet by ~C$437mm over time

14-Jul-23
$674 million
U.S.A., U.K. flags
Target: 

Juice Plus+

flag not available

Advised Juice Plus+, a global health and wellness company in the direct selling space on a comprehensive recapitalization transaction

26-Apr-23
Pending
$127 million
Australia flag
Target: 

Marley Spoon business combination with 468 SPAC II

Germany flag
Acquiror: 
468 SPAC II SE

Advising Marley Spoon SE, an ASX listed global subscription-based meal kit provider, on its business combination agreement with 468 SPAC II, simultaneous capital raising and amendment to existing debt facilities

29-Mar-23
Pending
Undisclosed
Sweden flag
Target: 

Scandinavian Enviro Systems AB

France flag
Acquiror: 
Antin Infrastructure Partners

Advising Enviro on the creation of the world’s first large-scale tire recycling group in a JV with Antin Infrastructure Partners, supported by Michelin

03-Nov-22
Undisclosed
United States flag
Target: 

Pixelligent Technologies

United States flag
Acquiror: 
MVolution Partners

Advised Pixelligent Technologies, a leading manufacturer of nanocrystal material used in consumer electronic devices, on its growth capital raise

25-Oct-22
Pending
Undisclosed
United States flag
Target: 

Acreage Holdings

Canada flag
Acquiror: 
Canopy Growth Corporation

Advising Canopy Growth, a leading diversified cannabis company, on the re-organization and consolidation of its U.S. cannabis assets under a new holding company, Canopy USA, and on related investments and debt repurchase transactions

02-Sep-22
Pending
$205 million
United Kingdom flag
Target: 

brsk

United States flag
Acquiror: 
Ares Management

Advising brsk, a UK-based alternative network broadband provider, on its first debt-raise of £178m from Ares Management, a leading global alternative investment manager

05-May-22
Undisclosed
United States flag
Target: 

Airtower Networks

Acquiror: 
DIF Capital Partners

Advised Airtower Networks on its strategic growth capital raise from DIF Capital Partners

19-Apr-22
Pending
$107 million
Australia flag
Target: 

Syrah Resources

United States flag
Acquiror: 
U.S. Department of Energy

Advisor to Syrah Resources, an ASX-listed industrial minerals and technology company, on its US$107mm loan from the U.S. Department of Energy under the Advanced Technology Vehicles Manufacturing loan program to fund the initial expansion of its Vidalia active anode material facility in Louisiana, USA

01-Apr-22
$203 million
United States flag
Target: 

Monument Pipeline LP

United States flag
Acquiror: 
ARM Energy Holdings

Advised ARM Energy Holdings, an integrated North American energy services platform, on its acquisition and financing of Monument Pipeline LP, a Houston-based natural gas pipeline, from NextEra Energy Partners in a bilateral transaction

08-Dec-21
$240 million
United States flag
Target: 

Alert 360

United States flag
Acquiror: 
My Alarm Center

Advising My Alarm Center, a nationwide provider of security and smart home monitoring services, on the acquisition of Alert 360, a leading competitor in the alarm monitoring industry

17-Sep-21
$750 million
United States flag
Target: 

MDC Texas Energy

United States flag
Acquiror: 
Maple Energy Holdings

Advised MDC Texas Energy in connection with its Chapter 11 bankruptcy and sale of substantially all of its oil and gas assets to Maple Energy Holdings pursuant to a plan of reorganization

11-Jun-21
$248 million
United States flag
Target: 

My Alarm Center

United States flag
Acquiror: 
Ad Hoc Group of First Lien Lenders

Advised the Ad Hoc Group of First Lien Lenders on the pre-packaged Chapter 11 restructuring of My Alarm Center, a provider of security and smart home monitoring services

31-Mar-21
$801 million
United States flag
Target: 

Assets of NPC International, a former national Wendy’s and Pizza Hut franchisee

United States flag
Acquiror: 
Flynn Restaurant Group and a consortium of existing Wendy’s franchisees

Advised the Company on its chapter 11 proceedings and $801mm sale through a § 363 process

18-Mar-21
$750 million
Canada flag
Target: 

Canopy Growth Corporation

United States flag
Acquiror: 
King Street Capital Management, L.P.

Advised Canopy Growth, a leading diversified cannabis company, on its US$750 million term loan financing with King Street Capital Management, L.P.

25-Feb-21
$1.5 billion
United States flag
Target: 

Ascena Retail Group, Inc.

United States flag
Acquiror: 
Sycamore Partners

Advised the Ad Hoc Group of First-Lien Term Loan lenders of Ascena Retail Group, Inc. with respect to (i) negotiation of a restructuring support agreement, including a fully backstopped DIP and exit financing and (ii) a sale of Ann Taylor, LOFT and Lane Bryant as well as the intellectual property assets of the Justice and Catherine’s brands.

01-Feb-21
$292 million
Canada flag
Target: 

Sunwing Airlines and Sunwing Vacations

Canada flag
Acquiror: 
Canada Enterprise Emergency Funding Corp.

Advised Sunwing, a leading Canadian travel company and leisure airline, on its C$375mm financing under the Large Employer Emergency Financing Facility (LEEFF) program administered by the Canada Enterprise Emergency Funding Corp. and overseen by the Government of Canada

20-Jan-21
$1.9 billion
United States flag
Target: 

Extraction Oil and Gas

flag not available
Acquiror: 
N/A

Advised the Official Committee of Unsecured Creditors on the in-court restructuring of Extraction Oil and Gas, Inc., an Exploration and Production company focused on the Wattenberg Field of the Denver-Julesburg Basin

31-Dec-20
$1.2 billion
United States flag
Target: 

Pacific Drilling

flag not available
Acquiror: 
N/A

Advised Pacific Drilling, an international provider of offshore drilling services, on its pre-arranged Chapter 11 restructuring

23-Nov-20
$120 million
United Kingdom flag
Target: 

Greencore Group plc

flag not available
Acquiror: 
N/A

Advised Greencore Group plc, a leading UK manufacturer of convenience foods based in Ireland, on its £90mm non pre-emptive equity placing

13-Nov-20
$343 million
United States flag
Target: 

Revlon Consumer Products Corporation

flag not available
Acquiror: 
N/A

Advised Ad Hoc Group of Note Holders with respect to Revlon’s Exchange Offer

13-Nov-20
$495 million
United States flag
Target: 

Libbey, Inc.

flag not available
Acquiror: 
N/A

Advised the Committee of Unsecured Creditors on the in-court restructuring of Libbey, Inc., a leading tableware manufacturer

16-Oct-20
$430 million
United States flag
Target: 

Alert 360 (Central Security Group, Inc.)

flag not available
Acquiror: 
N/A

Advised the Ad Hoc Group of First Lien Lenders on the out-of-court restructuring of Alert 360 (Central Security Group, Inc.), a leading home-security provider

30-Sep-20
$236 million
United States flag
Target: 

J. Jill, Inc.

United States flag
Acquiror: 
TowerBrook Capital Partners L.P.

Advised TowerBrook Capital Partners L.P., a leading investment management company and majority shareholder of J. Jill, on the comprehensive out-of-court recapitalization of J. Jill 

10-Sep-20
$195 million
United Kingdom flag
Target: 

Saga plc

United Kingdom flag
Acquiror: 
Sir Roger De Haan

Advised Sir Roger De Haan on his cornerstone investment of £100mm in Saga, the UK provider of products and services exclusively for the over 50s, as part of its £150m equity raise

03-Sep-20
$789 million
United States flag
Target: 

Unit Corporation

flag not available
Acquiror: 
N/A

Advised the Ad Hoc Group of Noteholders on the prepackaged in-court restructuring of Unit Corporation

01-Jul-20
$22 billion
United States flag
Target: 

PG&E Corporation

flag not available
Acquiror: 
N / A

Advised Pension Benefit Guaranty Corporation (“PBGC”) in connection with PG&E’s in-court restructuring 

11-Jun-20
$760 million
United States flag
Target: 

CSM Bakery Solutions

United States flag
Acquiror: 
Rhône Group

Advised the Ad-Hoc Group of First Lien and Second Lien Lenders on consensual out-of-court amend & extend

06-Apr-20
$352 million
United Kingdom flag
Target: 

WH Smith PLC

flag not available
Acquiror: 
N/A

Advised WH Smith PLC, one of the UK’s leading retailers, on its £166m non pre-emptive equity placing and new £120mm financing facility

20-Dec-19
$50 million
United States flag
Target: 

Destination Maternity Corporation

United States flag
Acquiror: 
Marquee Brands

Advised Destination Maternity Corporation, the largest maternity, apparel specialty retailer in the United States, on the sale of its intellectual property, e-commerce business, marketing partnership business, store-in-store retail business and other assets to Marquee Brands, a US based investment firm, as part of the Company’s Chapter 11 reorganization

27-Nov-19
$320 million
United States flag
Target: 

David’s Bridal Inc.

flag not available
Acquiror: 
N/A

Advised David’s Bridal, a leading bridal gown and special occasion dress retailer, on its out-of-court recapitalization

17-Oct-19
$2.2 billion
United States flag
Target: 

American Energy – Permian Basin

flag not available

Advised the independent Restructuring Committee of American Energy – Permian Basin (formerly known as Sable Permian Resources) in connection with its $2.2bn out-of-court recapitalization transaction

26-Jul-19
$518 million
United States flag
Target: 

Crossmark

flag not available

Advised an ad hoc group of lenders on the comprehensive out-of-court recapitalization of Crossmark, a sales and marketing services company that provides solutions for consumer-branded suppliers and retailers

18-Nov-18
$876 million
United States flag
Target: 

David's Bridal

flag not available
Acquiror: 
N/A

Advised the Ad Hoc Group of the company's $481mm term loan with respect to the company's prepackaged Chapter 11 restructuring

12-Nov-18
$84 million
Australia flag
Target: 

AUB Group Limited

flag not available

Advised ASX-listed AUB Group, a leading insurance intermediary business operating a network of over 100 insurance brokers and underwriting agencies across Australia and New Zealand, on its fully underwritten entitlement offer to raise A$116mm

02-Nov-18
$NA
United States flag
Target: 

Pinnacle Midstream

United States flag
Acquiror: 
EagleClaw Midstream

Advised I Squared Capital on the contribution of Pinnacle Midstream, its Delaware Basin Midstream Company, to EagleClaw Midstream as part of the formation of a leading Delaware Basin Midstream Partnership with EagleClaw Midstream and Blackstone Energy Partners

28-Sep-18
$NA
Australia flag
Target: 

Blue Sky Alternative Investments Limited

United States flag
Acquiror: 
Oaktree Capital Management L.P.

Advised Blue Sky, an ASX-listed diversified alternative assets manager, on its response to an activist short-seller campaign, strategic review of recapitalisation options, and receipt of a A$50mm long-term capital investment by Oaktree via a 7-year senior secured convertible loan note facility

28-Sep-18
$NA
Target: 

Grupo Monge

flag not available

Advised Grupo Monge, a leading Latin American retailer and consumer finance company, in the establishment of a long-term funding relationship with impact investment manager BlueOrchard

23-May-18
$93 million
United Kingdom flag
Target: 

Dairy Crest Group PLC

flag not available

Advised Dairy Crest, a leading British dairy company, on a non-pre-emptive cash placing, raising proceeds of approximately £70 million

28-Mar-18
$NA
United States flag
Target: 

Willbros Group, Inc.

United States flag
Acquiror: 
Primoris Services Corporation

Advised Willbros Group, Inc., a specialty energy infrastructure contractor serving the power and oil & gas industries, on its sale to Primoris Services Corporation

29-Nov-17
$NA
United States flag
Target: 

Substantially all of the gas production and midstream assets of Energy Corporation of America

United States flag
Acquiror: 
Greylock Energy

Advised Energy Corporation of America, a natural gas producer focused on the Marcellus Shale, on the sale of substantially all its gas production and midstream assets to Greylock Energy, an affiliate of ArcLight Capital Partners

23-Feb-17
$1.1 billion
United States flag
Target: 

Natural Resource Partners L.P.

flag not available

Advised Natural Resource Partners L.P., a publicly-traded master limited partnership that owns, manages and leases mineral properties in the United States, on a series of recapitalization transactions including the extension of NRP’s near-term debt maturities and the issuance of $250mm of new preferred equity capital to funds managed by Blackstone Tactical Opportunities and from several affiliates of GoldenTree Asset Management L.P.

04-Oct-16
$32.0 billion
United States flag
Target: 

Texas Competitive Electric Holdings and its subsidiaries

flag not available

Advised  Texas Competitive Electric Holdings,  Texas’ largest power generator and competitive retail electricity provider, and its subsidiaries at the direction of its independent director in connection with its and Energy Future Holdings’ Chapter 11 proceedings 

26-May-16
$500 million
Egypt, U.S. flags
Target: 

Apex International Energy Management LLC

flag not available

Advised Apex International Energy Management, a newly formed oil and gas venture focused on the Middle East and North Africa regions, in the private equity fund-raising process with multiple energy-focused financial sponsors, ultimately resulting in an initial $500 million capital commitment from Warburg Pincus.

02-May-16
$NA
United States flag
Target: 

Fairway Group Holdings Corp.

flag not available

Advised Fairway Group Holdings Corp., a grocery store chain operating fifteen stores in the New York metropolitan area, in connection with its pre-packaged Chapter 11 bankruptcy plan

17-Dec-15
$130 million
Swiss, Netherlands flags
Target: 

Airopack Technology Group AG

United States flag
Acquiror: 
Apollo Global Management, LLC

Advised Airopack Technology Group, developer of a revolutionary all-plastic dispenser, on a €120 million debt and equity investment from funds managed by affiliates of Apollo Global Management, and the concurrently announced proposed acquisition of the 50% stake it does not already own in Airolux AG, its joint venture with Resilux NV

27-Mar-15
$1.4 billion
United Kingdom flag
Target: 

AA plc

flag not available

Advised AA plc, the UK’s leading roadside assistance provider, on the refinancing of its high yield bond and PIK instrument

03-Sep-13
$830 million
United States flag
Target: 

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-13
$NA
United Kingdom flag
Target: 

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-13
$893 million
Australia flag
Target: 

A$1.6bn non-core loan portfolio

United States flag
Acquiror: 
Goldman Sachs Group. Inc.

Advised Suncorp Group Ltd (ASX:SUN), a leading general insurance, retail banking and life insurance group in Australia and New Zealand, on the sale of a A$1.6bn portfolio of performing and non-performing (corporate and property) loans to Goldman Sachs Group Inc., an American multinational investment banking firm

11-Dec-12
$51.6 billion
United States flag
Target: 

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

18-Jun-12
$NA
United Kingdom flag
Target: 

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-12
$55 million
United Kingdom flag
Target: 

Armajaro Trading Limited

United States flag
Acquiror: 
International Finance Corporation

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

23-Apr-12
$2.0 billion
Australia flag
Target: 

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-12
$650 million
U.K., Ireland flags
Target: 

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

08-Dec-11
$NA
United States flag
Target: 

US Department of Energy

Advised Herb Allison in an independent review of a $35.9 billion energy loan portfolio

27-Sep-11
$259 million
Australia flag
Target: 

Goodman Fielder Limited

Advised Goodman Fielder Limited, an Australian consumer foods manufacturer and distributor, on its equity capital raising via a rights issue

01-Mar-11
$122 million
Australia flag
Target: 

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

11-Feb-11
$986 million
United Kingdom flag
Target: 

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-11
$420 million
United States flag
Target: 

Bosque Power Company

Advised Bosque Power Company, a natural gas-fired power plant located in Texas, on its negotiations with lenders and restructuring

22-Nov-10
$NA
United States flag
Target: 

US Department of the Treasury

Advised the United States Department of the Treasury on the management and disposition of its common shares of AIG

30-Jun-10
$820 million
U.S.A., Canada flags
Target: 

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-10
$1.3 billion
U.K., Australia flags
Target: 

Guinness Peat Group plc

Advised GPG plc, a listed investment company, on potential restructuring alternatives

29-Jul-09
$138 million
Canada flag
Target: 

Groupe Aeroplan Inc.

Advised Groupe Aeroplan on its C$150MM participation in a C$600MM credit facility for Air Canada

07-Mar-08
$1.5 billion
United States flag
Target: 

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-07
$900 million
United Kingdom flag
Target: 

Eggborough CTA Bonds

United Kingdom flag
Acquiror: 
Ampere plc (a newly formed company)

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

15-Dec-05
$4.5 billion
United Kingdom flag
Target: 

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-05
$16.8 billion
United States flag
Target: 

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

04-Apr-03
$6.1 billion
United States flag
Target: 

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-03
$6.1 billion
United States flag
Target: 

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

18-Jan-02
$520 million
United Kingdom flag
Target: 

Thus plc

Advised THUS plc on its underwritten £275 million open offer, £90 million bank loan and demerger from its parent, ScottishPower

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