Recent Transactions

06-Aug-12
$6.2 billion
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Target: 

Tennessee Gas Pipeline and 50% of El Paso Natural Gas

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Acquiror: 
Kinder Morgan Energy Partners, L.P.

Advised the Independent Directors of the Board of Kinder Morgan Energy Partners on the acquisition of Tennessee Gas Pipeline, a ~14,000 mile natural gas pipeline system connecting Texas, Louisiana, and the Gulf of Mexico with the northeastern US, and 50% of El Paso Natural Gas, a ~10,000 mile natural gas pipeline system connecting the Permian Basin in Texas / New Mexico with key consumer markets in Arizona, California and Mexico

04-May-12
$55 million
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Target: 

Armajaro Trading Limited

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Acquiror: 
International Finance Corporation

Advised Armajaro Trading Limited, a global soft commodity trading house and supply chain manager, on raising mezzanine capital from the International Finance Corporation, a unit of the World Bank

08-Dec-11
$NA
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Target: 

US Department of Energy

Advised Herb Allison in an independent review of a $35.9 billion energy loan portfolio

07-Feb-11
$548 million
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Target: 

Wesco Financial Corporation

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Acquiror: 
Berkshire Hathaway Inc.

Advised the Special Committee of Wesco Financial Corporation in connection with Berkshire Hathaway Inc.'s proposal to acquire the remaining 19.9% of the shares of Wesco’s common stock that it does not presently own

04-Feb-11
$420 million
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Target: 

Bosque Power Company

Advised Bosque Power Company, a natural gas-fired power plant located in Texas, on its negotiations with lenders and restructuring

22-Nov-10
$NA
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Target: 

US Department of the Treasury

Advised the United States Department of the Treasury on the management and disposition of its common shares of AIG

30-Jun-10
$820 million
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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

25-Feb-10
$14.4 billion
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Target: 

Coca-Cola Enterprises Inc.

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Acquiror: 
The Coca-Cola Company

Advised the Affiliated Transaction Committee of Coca-Cola Enterprises Inc. on the sale of its North American bottling operations to The Coca-Cola Company and on its concurrent acquisition of The Coca-Cola Company’s bottling operations in the Nordic region

27-Aug-09
$144 million
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Target: 

NYFIX, Inc.

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Acquiror: 
NYSE Euronext

Advised the Special Committee of the Board of Directors of NYFIX, Inc., a provider of electronic trading solutions, on its sale to NYSE Euronext

10-Aug-09
$596 million
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Target: 

Barnes & Noble College Booksellers, Inc.

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Acquiror: 
Barnes & Noble, Inc.

Advised the Special Committee of the Board of Directors of Barnes & Noble, Inc., the world’s largest bookseller, on its acquisition of Barnes & Noble College Booksellers, Inc.

10-Aug-09
$1.5 billion
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Target: 

Dynegy, Inc.

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Acquiror: 
LS Power Equity Partners

Advised Dynegy, Inc., a merchant power generator, on its sale of 9 power plants to LS Power Equity Partners in exchange for cash and Dynegy shares

23-Apr-08
$2.8 billion
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Target: 

Wendy's International, Inc.

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Acquiror: 
Triarc Companies, Inc.

Advised the special committee of the board of directors in connection with its merger with Triarc Companies, Inc., the operator of the Arby’s franchise. The combined systems will have approximately 10,000 restaurant units and pro forma annual system sales of approximately $12.5 billion, positioning it as the nation’s third largest quick service restaurant company

07-Mar-08
$1.5 billion
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Target: 

Ambac Financial Group, Inc.

Advised a consortium of leading global financial institutions and investors, including but not limited to Banc of America Securities LLC; Citigroup Global Markets Inc.; Dresdner Kleinwort Securities LLC; Keefe, Bruyette & Woods, Inc.; and UBS Securities LLC, on its participation in a recapitalization of Ambac Financial Group, Inc.

18-Apr-07
$950 million
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Target: 

Trans Mountain Pipeline System

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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

16-Apr-07
$25.0 billion
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Target: 

SLM Corporation

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Acquiror: 
J.C. Flowers, Friedman Fleischer & Lowe, Bank of America and JPMorgan Chase

Advised the Transaction Committee of the Board of Directors of SLM Corporation, commonly known as Sallie Mae, on the sale to a consortium consisting of J.C. Flowers, Friedman Fleischer & Lowe, Bank of America and JPMorgan Chase

17-Oct-05
$16.8 billion
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Target: 

Refco

Acted as the exclusive financial advisor to Refco Inc. in connection with its Chapter 11 proceedings which included the sale of substantially all of the assets of Refco's regulated commodities futures business to Man Financial for $1.2 billion

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

20-Apr-05
$1.4 billion
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Target: 

Archipelago Holdings Inc

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Acquiror: 
New York Stock Exchange

Provided financial advisory services and a fairness opinion to Archipelago Holdings, Inc. in its definitive merger agreement with the NYSE to create the NYSE Group, Inc

04-Apr-03
$6.1 billion
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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

21-Mar-03
$6.1 billion
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Target: 

Conseco, Inc.

Advised the Official Committee of Unsecured Creditors of Conseco, Inc., a life insurance and annuities company, on the financial restructuring of the Company’s $6 billion of externally held financial indebtedness

18-Mar-03
$7.0 billion
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Target: 

Wella AG

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Acquiror: 
The Procter & Gamble Company

Advised Wella AG, a global market leader in hair care and fragrances, on its sale to The Procter & Gamble Company

27-Mar-02
$168 million
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Target: 

Morton’s Restaurant Group Inc.

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Acquiror: 
Castle Harlan, Inc.

Advised the Special Committee of Morton’s on sale of the Company.

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