Recent Transactions

29-Aug-02
$6.2 billion
United Kingdom flag
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

15-Dec-05
$4.5 billion
United Kingdom flag
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

02-May-18
$3.7 billion
Canada flag
Target: 

Concordia International Corp.

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Advised an Ad Hoc Group of Cross-over Debtholders on Concordia International’s cross-border Canadian restructuring and recapitalization, including a US$586.5mm common equity private placement, the equitization of ~US$1.7bn of unsecured debt and the partial paydown and exchange of ~US$2.2bn of secured debt

03-Mar-14
$3.6 billion
United Kingdom flag
Target: 

hibu plc (formerly Yell Group plc)

Advised hibu, a full service provider of digital and print marketing services for SMEs and owner of print directory brands Yellow Pages (UK), Yellowbook (US) and Paginas Amarillas (Spain), on the comprehensive restructuring of its £2.2 billion balance sheet debt

15-Oct-02
$3.2 billion
Canada flag
Target: 

AT&T Canada

Advised AT&T Canada on a stand-alone financial restructuring

21-Jul-09
$2.8 billion
U.S.A., Canada flags
Target: 

Quebecor World Inc

Acted as financial advisor to Quebecor World on its CCAA / Chapter 11 restructuring

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

Rolls-Royce £2bn Fully Underwritten Rights Issue

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Acquiror: 
N/A

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

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

Stemcor Holdings Limited

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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

31-Oct-17
$2.0 billion
South Africa, Switzerland flags
Target: 

Hirslanden Private Hospital Group

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Advised Hirslanden Private Hospital Group, Switzerland's largest private hospital group and a wholly-owned subsidiary of Mediclinic International Plc, on the refinancing of its CHF 2.0 billion senior secured bank debt

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

19-Dec-11
$1.6 billion
United Kingdom flag
Target: 

The Miller Group

Advised The Miller Group, the UK’s largest private homebuilder, on the recapitalization of its balance sheet comprising a substantial new equity capital raising and a significant debt for equity swap

27-Mar-15
$1.4 billion
United Kingdom flag
Target: 

AA plc

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Advised AA plc, the UK’s leading roadside assistance provider, on the refinancing of its high yield bond and PIK instrument

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

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

The AA plc

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

11-Feb-11
$986 million
United Kingdom flag
Target: 

Findel plc

Advised Findel plc, a UK listed multi-channel retailer, on the restructuring of its balance sheet comprising an equity capital raising and refinancing of its debt and pension obligations

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

Sterling Chemicals

Advised Sterling Chemicals in connection with its Chapter 11 proceedings

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

29-Jan-07
$900 million
United Kingdom flag
Target: 

Eggborough CTA Bonds

United Kingdom flag
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

18-Nov-18
$876 million
United States flag
Target: 

David's Bridal

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Acquiror: 
N/A

Advised the Ad Hoc Group of the company's $481mm term loan with respect to the company's prepackaged Chapter 11 restructuring

30-Jun-10
$820 million
U.S.A., Canada flags
Target: 

Trident Resources Corporation

Advised Chilton Investment Company on Trident’s financial restructuring and emergence from CCAA / Chapter 11 bankruptcy protection including the negotiation of a new equity investment

09-Nov-15
$777 million
U.K., South Africa flags
Target: 

Lonmin Plc

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Advised Lonmin Plc on its c.$777m recapitalization consisting of c.$370m of bank facilities at the Plc and in South Africa from the Company’s ten lending banks and a fully underwritten Rights Issue of c.$407m.

15-Mar-12
$650 million
U.K., Ireland flags
Target: 

Viridian Group

Advised the Board of Viridian, the leading energy utility company in the all-Ireland market, on its refinancing comprising the issue of €313 million and $250 million notes due April 2017

18-Jan-02
$520 million
United Kingdom flag
Target: 

Thus plc

Advised THUS plc on its underwritten £275 million open offer, £90 million bank loan and demerger from its parent, ScottishPower

22-Jan-18
Pending
$375 million
U.K., South Africa flags
Target: 

Lonmin

flag not available

Advising Lonmin PLC, a major fully integrated producer of Platinum Group Metals, on the amendment of its debt facilities to support the review and implementation of its strategic options

06-Apr-20
$352 million
United Kingdom flag
Target: 

WH Smith PLC

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Acquiror: 
N/A

Advised WH Smith PLC, one of the UK’s leading retailers, on its £166m non pre-emptive equity placing and new £120m financing facility

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