Recent Transactions

31-Jul-07
$491 million
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Target: 

DEUTZ Power Systems

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Acquiror: 
3i

Sole advisor to DEUTZ AG on the divestiture of its division DEUTZ Power Systems, a leading manufacturer of gas fired engines for decentralized power generation

08-Jun-07
$448 million
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Target: 

Dobbies Garden Centres plc

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Acquiror: 
Tesco plc

Acted as financial adviser to Tesco plc on its recommended acquisition of Dobbies Garden Centres plc, one of the UK's largest garden centre retailers

30-Mar-07
$24.4 billion
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Target: 

Alliance Boots plc

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Acquiror: 
Kohlberg Kravis Roberts & Co. Ltd. and Stefano Pessina

Advised Alliance Boots plc, the leading international pharmacy-led health and beauty group, on a proposal regarding an offer for the company from a consortium comprising of Kohlberg Kravis Roberts & Co. Ltd. and Stefano Pessina

30-Mar-07
$1.2 billion
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Target: 

Initial Electronic Security Group

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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.

29-Jan-07
$900 million
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Target: 

Eggborough CTA Bonds

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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-06
$19.1 billion
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Target: 

Gallaher Group plc

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Acquiror: 
Japan Tobacco Inc.

Advised Gallaher Group plc, the world’s fifth largest tobacco company, on a recommended cash offer from Japan Tobacco Inc

10-Nov-06
$1.9 billion
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Target: 

John Laing plc

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Acquiror: 
Henderson Equity Partners

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

08-Aug-06
$565 million
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Target: 

Emdeon Practice Services, Inc.

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Acquiror: 
The Sage Group plc

Advised The Sage Group plc, a leading international supplier of accounting and business management software solutions

12-Apr-06
$NA
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Target: 

WH Smith PLC

Advised WH Smith PLC on the demerger of its Retail business

24-Feb-06
$860 million
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Target: 

Aquarion Company

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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

15-Dec-05
$4.5 billion
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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

09-Sep-05
$1.0 billion
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Target: 

7-Eleven, Inc.

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Acquiror: 
Seven-Eleven Japan Co., Ltd

Advised the special committee of 7-Eleven, Inc. in connection with its evaluation of an unsolicited tender offer commenced by Seven-Eleven Japan Co., Ltd

18-Jul-05
$101 million
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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

23-Oct-03
$3.1 billion
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Target: 

Debenhams plc

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Acquiror: 
Baroness Retail (a consortium of CVC, TPG and Merrill Lynch)

Advised the independent committee of the Board of Directors of Debenhams plc, a leading UK department store chain, with regards to the sale of the company

29-Aug-02
$6.2 billion
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Target: 

Marconi plc

Advised the official committee of bondholders of Marconi, a leading telecom equipment provider, on the financial restructuring of Marconi's £4 billion of externally held financial indebtedness

18-Jan-02
$520 million
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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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