Recent Transactions

06-Aug-08
$10.7 billion
U.K., South Africa flags
Target: 

Lonmin plc

Switzerland flag
Acquiror: 
Xstrata plc

Advised Lonmin plc, a major producer of Platinum Group Metals, regarding an unsolicited pre-conditional offer for the company by Xstrata plc, a global diversified mining company

19-Apr-01
$10.0 billion
United Kingdom flag
Target: 

GKN plc

Australia flag
Acquiror: 
Brambles Industries Ltd

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

19-Feb-15
$8.4 billion
United Kingdom flag
Target: 

Rexam plc

United States flag
Acquiror: 
Ball Corporation

Advised Ball Corporation, a leading manufacturer of metal packaging products for the global beverage, food, personal care and household products industries as well as a provider of systems and technologies for the aerospace industry, on the acquisition of Rexam plc, a leading beverage can manufacturer

25-Apr-16
$3.4 billion
U.S.A., Euro, Brazil flags
Target: 

Divestment assets of Ball and Rexam

Luxembourg flag
Acquiror: 
Ardagh Group SA

Advised Ball Corporation on the acquisition of Rexam plc and provided a fairness opinion to the Board of Directors of Ball Corporation on the sale of select metal beverage can assets in Europe, Brazil and the United States to satisfy certain regulatory requirements in connection with its proposed acquisition of Rexam

12-Mar-99
$3.1 billion
United Kingdom flag
Target: 

M&G Group plc

United Kingdom flag
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.

27-Oct-04
$3.0 billion
United Kingdom flag
Target: 

Warner Chilcott PLC

flag not available
Acquiror: 
Waren Acquisition Limited

Advised Warner Chilcott on approaches received and on recommended proposed acquisition by Waren Acquisition Limited, a vehicle funded by DLJ Merchant Banking and J.P. Morgan Partners, later joined by Bain Capital Partners and Thomas H. Lee Partners

26-Jun-14
$2.9 billion
United Kingdom flag
Target: 

Firth Rixson Limited

United States flag
Acquiror: 
Alcoa Inc.

Advised Alcoa Inc. on the acquisition of Firth Rixson Limited, a leading provider of highly engineered rings, industrial forgings and specialized metal products primarily to the aerospace industry

26-Jun-14
$2.7 billion
United States flag
Target: 

Frank Russell Company

United Kingdom flag
Acquiror: 
London Stock Exchange Group plc

Advised LSEG on the proposed acquisition of Frank Russell Company, the number one provider of benchmarks to US-focused equity funds and a leading provider of multi-asset class investment solutions, from Northwestern Mutual Life Insurance Company, including acting as Joint Sponsor to LSEG on its $1.6 billion rights issue

01-Oct-20
$2.6 billion
United Kingdom flag
Target: 

Rolls-Royce £2bn Fully Underwritten Rights Issue

flag not available
Acquiror: 
N/A

Advising Rolls-Royce on its Fully Underwritten £2bn Rights Issue, as part of a broader recapitalisation package

09-Sep-21
$2.1 billion
United Kingdom flag
Target: 

easyJet plc

flag not available
Acquiror: 
N/A

Advising and acting as joint sponsor to UK-based easyJet plc, a leading low-cost European airline carrier, on its £1.2bn fully underwritten rights issue & $400m secured RCF

16-Oct-15
$2.1 billion
United Kingdom flag
Target: 

Stemcor Holdings Limited

flag not available

Advised Stemcor Holdings Limited, the global steel trader, on their restructuring of $1.0bn of senior and junior debt and the refinancing of a $1.1bn working capital facility

10-Nov-06
$1.9 billion
United Kingdom flag
Target: 

John Laing plc

United Kingdom flag
Acquiror: 
Henderson Equity Partners

Advised John Laing plc, the leading UK infrastructure investor and developer, on a recommended cash offer

09-Nov-12
~$1.7 billion
U.K., South Africa flags
Target: 

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 ~$817mm rights issue and amendments to its existing ~$929mm debt facilities

28-Jul-22
Pending
$1.6 billion
Chile Flag
Target: 

Derco Holdings

United Kingdom flag
Acquiror: 
Inchcape Plc

Advising and acting as sponsor to Inchcape plc, the leading independent global automotive distributor, on its proposed Class 1 acquisition of Derco, the largest independent automotive distributor by volume in Latin America

26-Apr-10
$1.5 billion
United Kingdom flag
Target: 

Chloride Group plc

United States flag
Acquiror: 
Emerson Electric Co.

Advised Emerson Electric Co., a diversified global technology and industrial company, on its acquisition of Chloride Group plc, a manufacturer of uninterruptible power supply (UPS) systems

17-Nov-11
$1.5 billion
United Kingdom flag
Target: 

Northern Rock

United Kingdom flag
Acquiror: 
Virgin Money

Advised Virgin Money, a financial services provider, on the acquisition of Northern Rock, a UK retail mortgage and savings bank, from UK Financial Investments Ltd, which manages the UK Government’s investments in financial institutions

19-May-06
$1.4 billion
United Kingdom flag
Target: 

London Stock Exchange Group plc

United States flag
Acquiror: 
The Nasdaq Stock Market, Inc.

(25.1% stake)
Advised The Nasdaq Stock Market, Inc., the largest electronic equity securities market in the United States, on the acquisition of a 25.1% stake in London Stock Exchange plc

27-May-21
$1.4 billion
United Kingdom flag
Target: 

Equiniti Group PLC

United States flag
Acquiror: 
Siris Capital Group LLC

Advised Siris Capital, a private equity firm focused on the technology sector, on its recommended 180p cash offer for Equiniti Group PLC, a technology-led services and payments specialist

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

05-Jul-09
$1.2 billion
United Kingdom flag
Target: 

Alcan Packaging’s Food Americas business (business unit of Rio Tinto plc)

United States flag
Acquiror: 
Bemis Company, Inc.

Advised Bemis Company, Inc., a global supplier of flexible packaging and pressure sensitive materials, on its acquisition of Alcan Packaging’s Food Americas business

30-Mar-07
$1.2 billion
United Kingdom flag
Target: 

Initial Electronic Security Group

United States flag
Acquiror: 
United Technologies Corp.

(the electronic security division of Rentokil Initial plc)
Advised Rentokil Initial on the sale of its electronic security division to United Technologies Corp.

11-Oct-07
$1.2 billion
United Kingdom flag
Target: 

Foseco plc

United Kingdom flag
Acquiror: 
Cookson Group plc

Advised Foseco plc, a provider of consumables to the Foundry and Steel industries, on a recommended cash offer from Cookson Group plc

10-Jul-18
$1.1 billion
United Kingdom flag
Target: 

The AA plc

flag not available

Advised the AA plc, the UK’s largest roadside assistance provider, on the refinancing of £825mm of its senior secured facilities

30-Mar-15
$950 million
United Kingdom flag
Target: 

Quindell plc’s Professional Services Division

Australia flag
Acquiror: 
Slater and Gordon

Advised Slater and Gordon Limited, an ASX-listed international consumer law firm, on the acquisition of Quindell plc’s Professional Services Division, the UK’s leading personal injury law firm operating across the claims value chain, and associated A$890 million equity and A$375 million debt raisings

30-Oct-12
$834 million
U.S.A., Guernsey flags
Target: 

Investments of AP Alternative Assets, L.P.

U.S., Bermuda flags
Acquiror: 
Athene Holding Ltd.

Advised the Special Committee of the Conflicts Committee of the Board of Directors of Athene Holding Ltd. in connection with the purchase of non-cash investment assets of AP Alternative Assets L.P.

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