Recent Transactions

09-Nov-10
$27.0 billion
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Target: 

General Growth Properties Inc.

Advised the 2006 Credit Facility Lenders, the largest class of unsecured debt with claims in excess of $2.8 billion, in connection with the Chapter 11 proceedings of mall REIT GGP, which resulted in cash payoff of the facilities in full

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

09-Mar-09
$18.6 billion
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Target: 

Rohm & Haas Company

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Acquiror: 
The Dow Chemical Company

Advised The Dow Chemical Company during its negotiations pertaining to the Rohm & Haas settlement resolution

06-Oct-17
$18.4 billion
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Target: 

Caesars Entertainment

flag not available

Advised selected Second Lien Noteholders, including Canyon Capital Advisors, Mason Capital, Paulson & Co. and Soros Fund Management regarding Caesars Entertainment Operating Company’s Chapter 11 proceedings

14-Apr-08
$17.7 billion+
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Target: 

Northwest Airlines

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Acquiror: 
Delta Air Lines

Advised Delta Air Lines in connection with its merger with Northwest Airlines (+Transaction value represents enterprise value of combined entity)

26-Nov-12
$16 billion
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Target: 

Archstone Enterprise LP

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Acquiror: 
AvalonBay Communities & Equity Residential

Advised AvalonBay on its joint acquisition with Equity Residential of the assets and liabilities of Archstone Enterprise LP, an owner of high-quality apartment communities in major markets in the United States, from Lehman Brothers Holdings

26-Jan-15
$16.0 billion
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Target: 

MeadWestvaco Corporation

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Acquiror: 
Rock-Tenn Company

Provided fairness opinion to the Board of Directors of MeadWestvaco on the merger with RockTenn to create a powerful global provider of consumer and corrugated packaging solutions

27-Jun-14
$11 billion+
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Target: 

TUI Travel Plc

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Acquiror: 
TUI AG

Advised TUI AG on the merger with TUI Travel Plc creating the world’s number one integrated leisure tourism business (+Transaction value represents enterprise value of combined entity)

28-Mar-12
$10.4 billion+
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Target: 

Flow Control Business of Tyco International Ltd.

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Acquiror: 
Pentair, Inc.

Provided fairness opinion to the Board of Directors of Pentair, Inc. in connection with its all-stock merger with Tyco Flow Control, a division of Tyco International Ltd. (+Transaction value represents enterprise value of combined entity)

19-Apr-01
$10.0 billion
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Target: 

GKN plc

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Acquiror: 
Brambles Industries Ltd

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

03-May-07
$8.5 billion
U.S.A., Canada flags
Target: 

IPSCO Inc.

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Acquiror: 
SSAB Svenskt Stål AB

Acted as lead financial advisor to SSAB Svenskt Stål AB on its acquisition of IPSCO Inc., a leading Canadian producer of energy tubulars and steel plate in North America with an annual steel making capacity of 4.3 million tons

19-Feb-15
$8.4 billion
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Target: 

Rexam plc

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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

06-Nov-21
Pending
~$7.6 billion
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Target: 

Equans

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Acquiror: 
Bouygues Group

Advising Bouygues Group, a France-based leading diversified group active in construction, media and telecommunication, on the acquisition of Equans, a leading multi-technical services provider. Equans was created on 1 July 2021, as a separate division within Engie

19-May-05
$7.2 billion+
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Target: 

US Airways Group

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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)

22-May-07
$6.5 billion
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Target: 

Crescent Real Estate Equities Company

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Acquiror: 
Morgan Stanley Real Estate

Advised Crescent Real Estate Equities Company, a REIT holding a diversified portfolio of office properties, hotels and resorts and luxury residential developments on its sale to Morgan Stanley Real Estate

03-Aug-06
$6.0 billion
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Target: 

Reckson Associates Realty Corporation

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Acquiror: 
SL Green Realty Corporation

Advised the independent directors of Reckson, a real estate investment trust specializing in properties located in New York City and the surrounding Tri-State area, on the sale of Reckson to SL Green

18-Dec-17
$6.0 billion
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Target: 

CB&I

Panama Flag
Acquiror: 
McDermott International, Inc.

Advised McDermott International, Inc., a leading provider of integrated engineering, procurement, construction, installation and module fabrication services for upstream field developments worldwide, on its combination with CB&I, a leading provider of technology and infrastructure for the energy industry

12-Oct-08
$6.0 billion
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Target: 

Hapag-Lloyd AG

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Acquiror: 
Albert Ballin KG

Advised TUI AG, Europe’s largest tourism company, on its sale of its shipping division Hapag-Lloyd AG, one of the leading global container shipping companies

29-Aug-01
$5.9 billion
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Target: 

Westvaco Corporation

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Acquiror: 
The Mead Corporation

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

24-Jul-15
$5.6 billion
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Target: 

Gala Coral Limited

United Kingdom flag
Acquiror: 
Ladbrokes plc

Advised Ladbrokes plc, a leading UK betting and gaming company, on the recommended all-share merger with certain businesses of Gala Coral Limited, including Coral Retail, Eurobet Retail and Gala Coral Online

19-Mar-07
$5.5 billion
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Target: 

The ServiceMaster Company

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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

22-Dec-17
$5.3 billion
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Target: 

Ladbrokes Coral Group PLC

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Acquiror: 
GVC Holdings PLC

Advised Ladbrokes Coral Group PLC, a leading multi-channel sports betting and gaming company, on a recommended offer from GVC Holdings PLC, a multi-national online sports betting and gaming company

30-Aug-12
$4.9 billion
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Target: 

Performance Coatings division of E. I. DuPont de Nemours and Company

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Acquiror: 
The Carlyle Group

Advised E. I. Du Pont de Nemours and Company, a global diversified chemicals company, on the sale of its Performance Coatings division to an affiliate of The Carlyle Group, a leading private equity firm

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

20-Apr-17
$4.3 billion
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Target: 

Brookfield Canada Office Properties

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Acquiror: 
Brookfield Property Partners L.P.

Advised the Special Committee of Brookfield Canada Office Properties, Canada’s pre-eminent office real estate investment trust, on its go private transaction with Brookfield Property Partners L.P.

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