Recent Transactions

23-Jun-97
$4.4 billion
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Target: 

Tandem Computers Inc.

United States flag
Acquiror: 
Compaq Computer Corporation

Advised Compaq on the purchase, for stock, of Tandem, a maker of fault-tolerant server and hardware products

26-Jan-98
$9.6 billion
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Target: 

Digital Equipment Corporation

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Acquiror: 
Compaq Computer Corporation

Advised Compaq on the purchase, for cash and stock, of Digital, a maker of PCs and high performance servers and a provider of enterprise solutions and multi-vendor services. The acquisition is the largest technology transaction to date and creates the second largest enterprise computing company in the world

02-Mar-98
$400 million
Italy flag
Target: 

Olsy SpA (Olivetti SpA)

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Acquiror: 
Wang Laboratories Inc.

Advised Wang on its acquisition of Olsy, the systems and solutions division of Olivetti, for a combination of cash and securities.

16-Jul-98
$1.5 billion
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Target: 

iMCI

United Kingdom flag
Acquiror: 
Cable and Wireless plc

, MCI’s Internet Business
Advised C&W on the financing of its iMCI acquisition via the largest equity primary placement to date in the London market

14-Apr-99
$1.3 billion
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Target: 

Berkshire Realty Company, Inc.

United States flag
Acquiror: 
Berkshire Chairman, Goldman Sachs and The Blackstone Group

Advised investor group led by Berkshire Realty Chairman, Goldman Sachs and The Blackstone Group on the buyout of Berkshire Realty, a multi-family REIT that owns 82 apartment communities located in Florida, Texas and the Mid-Atlantic and Southeastern US

16-Jun-99
$2.5 billion
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Target: 

TriNet Corporate Realty Trust, Inc.

United States flag
Acquiror: 
Starwood Financial Trust

Advised TriNet on a stock for stock merger with Starwood Financial, creating a leading player in the specialty real estate finance area

29-Jun-99
$3.0 billion
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Target: 

Alta Vista Company

United States flag
Acquiror: 
CMGI Inc.

(Compaq Computer Corp.) Advised Compaq Computer Corporation on the sale of an 83% stake in the Alta Vista Company for a combination of CMGI common equity, preferred stock and a note

17-Feb-00
$866 million
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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.

10-Aug-00
$750 million
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Target: 

Radisson Group, Inc.

United States flag
Acquiror: 
Olympus Real Estate Fund (Hicks, Muse)

(subsidiary of Carlson Companies, Inc.)
Advised Carlson Companies, Inc., the owner of the Radisson Hotels brand, on the formation of a $750 million Radisson Hotel acquisition fund, Radisson-Olympus Capital Partners.

23-May-01
$950 million
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Target: 

Structural Dynamics Research Corporation

United States flag
Acquiror: 
EDS Corp

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

23-May-01
$170 million
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Target: 

Unigraphics Solutions Inc.

United States flag
Acquiror: 
EDS Corp

(14%)
Advised EDS on its acquisition of the outstanding publicly held shares (14%) of Unigraphics Solutions, a provider of product data management software

16-Jul-01
$982 million
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Target: 

Sterling Chemicals

Advised Sterling Chemicals in connection with its Chapter 11 proceedings

29-Aug-01
$5.9 billion
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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

11-Oct-01
$1.3 billion
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Target: 

Regal Cinemas, Inc.

United States flag
Acquiror: 
The Anschutz Corporation

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

14-Oct-01
$4.5 billion (Liabilities)
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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

25-Apr-03
$20.8 billion
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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
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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.

29-Aug-04
$3.8 billion
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Target: 

LNR Property Corporation

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

Advised the Special Committee of the Board of Directors and the Board of Directors of LNR Property Corporation, one of the US’ leading real estate investment, finance and management companies, on its sale to Cerberus Capital Management, L.P. and its real estate affiliate, Blackacre Institutional Capital Management, LLC

18-Jan-05
$2.3 billion
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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+
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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)

18-Jul-05
$101 million
United Kingdom flag
Target: 

TeleCity Plc

U.S.A., U.K. flags
Acquiror: 
Inhoco 3236 plc (joint venture between 3i and Oak Hill Capital)

Advised TeleCity plc on the recommended offer by 3i and Oak Hill Capital

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
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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
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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

06-Jan-06
$164 million
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Target: 

Acadia Realty Trust

United States flag
Acquiror: 
GDC Properties

(selected assets) Advised GDC Properties on its acquisition of a 77.8% interest in a one million square foot Wilmington, Delaware shopping center portfolio previously held by institutional investors in Acadia Realty Trust Fund I

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