Recent Transactions

01-Jun-99
$601 million
United States flag
Target: 

Aquarion Company

United Kingdom flag
Acquiror: 
Kelda Group plc

Advised Kelda Group (formerly Yorkshire Water) on the all-cash purchase of Aquarion Company, a US water utility group.

17-Feb-00
$866 million
United States flag
Target: 

Shorewood Packaging Corporation

United States flag
Acquiror: 
International Paper Company

Advised Shorewood on its successful hostile takeover defense from Chesapeake Corp., achieving a $21.00 friendly cash offer from an original $17.25 hostile bid.

16-Jul-01
$982 million
United States flag
Target: 

Sterling Chemicals

Advised Sterling Chemicals in connection with its Chapter 11 proceedings

29-Aug-01
$5.9 billion
United States flag
Target: 

Westvaco Corporation

United States flag
Acquiror: 
The Mead Corporation

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

14-Oct-01
$4.5 billion (Liabilities)
United States flag
Target: 

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

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

25-Apr-03
$20.8 billion
United States flag
Target: 

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

26-Aug-04
$1.2 billion
United States flag
Target: 

Dresser-Rand Co.

United States flag
Acquiror: 
First Reserve Corporation

(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.

18-Jan-05
$2.3 billion
United States flag
Target: 

MeadWestvaco Corporation

United States flag
Acquiror: 
Cerberus Capital Management, L.P.

/ 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

19-May-05
$7.2 billion+
United States flag
Target: 

US Airways Group

United States flag
Acquiror: 
America West Holdings

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)

28-Jun-05
$111 million
United States flag
Target: 

Texas Genco LLC

United States flag
Acquiror: 
Kinder Morgan Energy Partners LP

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

11-Jul-05
$NA
United States flag
Target: 

Inergy, L.P.

United States flag
Acquiror: 
Inergy Holdings GP, LLC

Provided a fairness opinion to Inergy Holdings GP, LLC regarding the Stagecoach natural gas storage acquisition

15-Jul-05
$70 million
United States flag
Target: 

Texas Genco LLC

United States flag
Acquiror: 
TEPPCO Partners LP

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

08-Aug-05
$2.7 billion
United States flag
Target: 

Maytag Corporation

United States flag
Acquiror: 
Whirlpool Corporation

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

08-Oct-05
$NA
United States flag
Target: 

General Motors

Advised General Motors in connection with the Chapter 11 of Delphi, its largest supplier and former subsidiary

28-Nov-05
$103 million
Netherlands flag
Target: 

Akzo Nobel N.V.

United States flag
Acquiror: 
Hexion Specialty Chemicals Inc.

(Ink and Adhesive Resins business) Advised Akzo Nobel N.V., a global leader in coatings, chemicals and healthcare on the sale of its Ink and Adhesive Resins business to Hexion Specialty Chemicals Inc

20-Feb-06
$254 million
Switzerland flag
Target: 

Textile Effects

United States flag
Acquiror: 
Huntsman Corporation

(division of Ciba Specialty Chemicals AG)
Advised Ciba Specialty Chemicals AG on the sale of its global Textile Effects business

24-Feb-06
$860 million
U.S.A., U.K. flags
Target: 

Aquarion Company

Australia flag
Acquiror: 
Macquarie Bank

(a wholly-owned subsidiary of Kelda Group plc) Advised Kelda Group plc on the sale of Aquarion Company, one of the largest investor-owned water utilities in the US

30-Jun-06
$NA
United States flag
Target: 

Topaz Power Partners

United States flag
Acquiror: 
Carlyle / Riverstone

(portfolio of seven power plants)
Advised Topaz Power Partners (a joint venture of Sempra Energy and Carlyle / Riverstone) on the sale of a portfolio of seven power plants to an affiliate of Carlyle / Riverstone

15-Sep-06
$4.1 billion
United States flag
Target: 

LS Power Group

United States flag
Acquiror: 
Dynegy, Inc.

Advised Dynegy, Inc., a merchant power generator, on its acquisition of LS Power Group's power generation portfolio

21-Dec-06
$3.3 billion
United States flag
Target: 

Raytheon Aircraft Company

United States flag
Acquiror: 
Goldman Sachs Capital Partners / Onex Partners

Provided advisory services and fairness opinion to the board of directors of Raytheon Company, a market leader in the aerospace and defense industry, on the sale of its Raytheon Aircraft division, which offers aircrafts and services and the renowned Hawker and Beechcraft brand names

19-Mar-07
$5.5 billion
United States flag
Target: 

The ServiceMaster Company

United States flag
Acquiror: 
Clayton, Dubilier & Rice

Provided fairness opinion to the Board of Directors of The ServiceMaster Company, a diversified consumer services business whose brands include Terminix, TruGreen and American Home Shield, in connection with its sale to private equity firm Clayton, Dubilier & Rice

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.

18-Apr-07
$950 million
United States flag
Target: 

Trans Mountain Pipeline System

United States flag
Acquiror: 
Kinder Morgan Energy Partners, L.P.

Advised Independent Committee of the Board of Kinder Morgan Energy Partners on the acquisition of Trans Mountain Pipeline System, an ~800 mile pipeline which transports crude oil and refined products from Alberta to British Columbia and Washington State

25-Jun-07
$8.1 billion
United States flag
Target: 

Energy East Corporation

Spain flag
Acquiror: 
Iberdrola SA

Advised Energy East Corporation, a super-regional electric and gas utility with nearly 3 million regulated customers in the northeast US, on its sale to Iberdrola SA

Pages

show all