The transactions highlighted below are representative of Greenhill engagements. In addition, the Firm has completed many engagements that were not publicly-disclosed.
Recent Transactions
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22-Jul-97
$1.7 billion
Target:
Cigarrera La Moderna
Acquiror:
B.A.T. Industries Plc
, subsidiary of Empresas La Moderna Advised Empresas La Moderna on the sale of its subsidiary Cigarrera La Moderna, Mexico’s largest cigarette producer, for a combination of cash and redeemable notes
11-Nov-99
$732 million
Target:
Indigo Aviation AB
Acquiror:
AerFi Group plc
Advised AerFi Group on its acquisition of Indigo Aviation. The transaction involved a negotiated purchase of 72% of Indigo for shares of AerFi followed by a cash tender offer for the remaining 28% of the outstanding Indigo shares.
15-Feb-00
$555 million
Target:
Seguros Comercial América
Acquiror:
ING Groep N.V.
, S.A. de C.V. (stake owned by Savia S.A. de C.V.)
Advised Savia on the sale of a minority stake in Seguros Comercial América, the largest Mexican insurance company, to ING Groep.
28-Feb-00
$38.1 billion
Target:
Hong Kong Telecom
Acquiror:
Pacific Century Cyberworks
, 54% subsidiary of Cable and Wireless plc
Advised C&W on the sale of Hong Kong Telecom (54% owned subsidiary of C&W) to PCCW in non-Japan Asia’s largest ever transaction.
19-Dec-00
$8.2 billion
Target:
Seagram
Acquiror:
Diageo plc and Pernod Ricard
(Spirits Division)
Advised Diageo on its joint agreed bid with Pernod Ricard for Seagram’s spirits business.
15-Feb-01
$850 million
Target:
Loews Cineplex Entertainment
Acquiror:
Onex Corp. and Oaktree Capital Management
Advised Onex on its joint acquisition of Loews Cineplex. The acquisition will occur as Loews Cineplex emerges from its Chapter 11 bankruptcy reorganization.
25-Mar-01
$9.7 billion
Target:
Cable & Wireless Optus Limited
Acquiror:
Singapore Telecommunications Limited
, 52.5% subsidiary of Cable and Wireless plc Advised C&W on the sale of its 52.5% owned Australian subsidiary, Cable & Wireless Optus, to SingTel
16-Jul-01
$982 million
Target:
Sterling Chemicals
Advised Sterling Chemicals in connection with its Chapter 11 proceedings
06-May-02
$1.4 billion
Target:
Pegaso Telecommunications
Advised Pegaso, Mexico’s No. 2 wireless provider, on its financial restructuring and subsequent sale of 65% stake to Telefonica for $1.36 billion
06-May-02
$1.4 billion
Target:
Pegaso Telecomunicaciones
Acquiror:
Telefonica Moviles S.A.
Advised Pegaso, Mexico’s No. 2 wireless provider, on its financial restructuring and subsequent sale of 65% stake to Telefonica
15-Oct-02
$3.2 billion
Target:
AT&T Canada
Advised AT&T Canada on a stand-alone financial restructuring
14-Nov-02
$375 million
Target:
Sterling Chemicals
Acquiror:
Superior Propane Income Fund
(Pulp Chemicals Business)
Advised Sterling Chemicals on the disposal of its Pulp Chemicals Business. The business is one of the largest providers of chemicals for the processing and bleaching of pulp and paper products.
19-Feb-03
$110 million
Target:
AT&T Latin America
Advised AT&T Latin America on the restructuring and sale of its South American subsidiaries in Argentina, Brazil, Chile, Colombia and Peru to Telefonos de Mexico for $206.7 million. Also advised ATTLA on the resolution of it US Chapter 11 proceedings
16-Jul-04
$275 million
Target:
Malmberg Investments
Acquiror:
SanomaWSOY
(majority owned by 3i Group plc)
Advised 3i and Malmberg's management on the sale of educational publisher Malmberg Investments to SanomaWSOY. The transaction represents 3i's largest exit in Continental Europe.
13-Jan-05
$153 million
Target:
Deutz AG
Acquiror:
Wärtsilä Oyj
Advised Marine Service business Deutz on the sale of its marine service business for medium and large size engines to Wärtsilä
22-Jun-05
$198 million
Target:
Rothschilds Continuation Holdings
Acquiror:
Jardine Strategic Holdings
held by Royal & Sun Alliance
Advised Royal & Sun Alliance on the sale of its 21.5% shareholding in Rothschilds Continuation Holdings AG to Jardine Strategic Holdings
21-Aug-05
$2.0 billion
Target:
CP Ships Ltd
Acquiror:
TUI AG
Advised TUI AG, Europe’s largest tourism company and a leading container shipping provider, on its acquisition of CP Ships Ltd., a leading Canadian container shipping company
20-Oct-05
$NA
Target:
Drakkar Holdings SA (Adisseo Group)
Acquiror:
China National Chemical Corporation
Advised CVC Capital Partners on the divestiture of Adisseo via the sale of Drakkar Holdings SA to China National BlueStar, a subsidiary of state-owned diversified chemicals company China National Chemical Corporation. Adisseo is a leading player in the animal nutrition market
03-Apr-06
$3.7 billion
Target:
Verizon Communications Inc.
Acquiror:
América Móvil and Telmex
(various assets)
Provided independent valuation services in connection with the acquisition by América Móvil and Telmex of a 100% stake in Verizon Dominicana, an approximate 52% stake in Telecomunicaciones de Puerto Rico and an approximate 28.5% stake in Compania Anónima Nacional Teléfonos de Venezuela
14-Aug-06
$250 million
Target:
MTS Allstream Media
Acquiror:
Yellow Pages Group Co.
Advised MTS Allstream Inc., a leading Canadian telecommunications company on the sale of its directories business
03-Oct-06
$445 million
Target:
Tele2 AB’s fixed telephony and broadband business in France
Acquiror:
SFR S.A.
Advised SFR S.A., the second largest mobile telecoms operator in France on the acquisition of the French fixed telephony and broadband business of Tele2 AB
02-Mar-07
$150 million
Target:
Patheon Inc.
Advised Patheon Inc., a leading global provider of drug development and manufacturing services, on an equity investment from a private equity investor, the result of a strategic alternatives review process
03-May-07
$8.5 billion
Target:
IPSCO Inc.
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
30-Jun-07
$52.0 billion
Target:
BCE Inc.
Acquiror:
Teacher's Private Capital, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC
Advised the Board of BCE on a review of a range of strategic alternatives that culminated in an agreement to sell to a consortium consisting of Teacher's Private Capital, Providence Equity Partners and Madison Dearborn Partners for $52.0 billion that was ultimately terminated
21-Aug-07
$NA
Target:
Schenck Process Holding GmbH
Acquiror:
Industri Kapital Limited
Advised HgCapital on the sale of Schenck Process, one of the global market leading providers of industrial weighing, feeding, screening and automation equipment and solutions