Recent Transactions

16-Jan-98
$NA
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Target: 

Borden Foods International

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Acquiror: 
Nestlé S.A.

Advised Nestlé on its acquisition of Borden Foods International’s businesses, which have sales of more than $400 million.

14-Apr-99
$1.3 billion
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Target: 

Berkshire Realty Company, Inc.

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Acquiror: 
Berkshire Chairman, Goldman Sachs and The Blackstone Group

Advised investor group led by Berkshire Realty Chairman, Goldman Sachs and The Blackstone Group on the buyout of Berkshire Realty, a multi-family REIT that owns 82 apartment communities located in Florida, Texas and the Mid-Atlantic and Southeastern US

01-Jun-99
$601 million
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Target: 

Aquarion Company

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Acquiror: 
Kelda Group plc

Advised Kelda Group (formerly Yorkshire Water) on the all-cash purchase of Aquarion Company, a US water utility group.

16-Jun-99
$2.5 billion
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Target: 

TriNet Corporate Realty Trust, Inc.

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Acquiror: 
Starwood Financial Trust

Advised TriNet on a stock for stock merger with Starwood Financial, creating a leading player in the specialty real estate finance area

17-Jul-00
$10.5 billion
U.S.A., U.K. flags
Target: 

Diageo plc

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Acquiror: 
General Mills, Inc.

Advised Diageo on the sale of The Pillsbury Company for $5.1 billion in assumed debt and $5.4 billion in stock to General Mills.

10-Aug-00
$750 million
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Target: 

Radisson Group, Inc.

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Acquiror: 
Olympus Real Estate Fund (Hicks, Muse)

(subsidiary of Carlson Companies, Inc.)
Advised Carlson Companies, Inc., the owner of the Radisson Hotels brand, on the formation of a $750 million Radisson Hotel acquisition fund, Radisson-Olympus Capital Partners.

19-Dec-00
$8.2 billion
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Target: 

Seagram

U.K., France flags
Acquiror: 
Diageo plc and Pernod Ricard

(Spirits Division)
Advised Diageo on its joint agreed bid with Pernod Ricard for Seagram’s spirits business.

16-Jan-01
$11.5 billion
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Target: 

Ralston Purina Co.

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Acquiror: 
Nestlé S.A.

Advised Nestlé on the agreed cash offer for the US pet-food company Ralston Purina

11-Oct-01
$1.3 billion
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Target: 

Regal Cinemas, Inc.

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Acquiror: 
The Anschutz Corporation

Advised Regal Cinemas, the largest theatre chain in the United States, on its prepackaged bankruptcy plan and acquisition by The Anschutz Corporation

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

27-Mar-02
$168 million
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Target: 

Morton’s Restaurant Group Inc.

flag not available
Acquiror: 
Castle Harlan, Inc.

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

30-Oct-02
$588 million
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Target: 

T&S Stores Plc

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Acquiror: 
Tesco PLC

Advised Tesco PLC, Britain’s largest retailing group, on its acquisition of T&S Stores plc, a publicly listed convenience store retailer operating in the UK.

13-Dec-02
$1.5 billion
U.S.A., U.K. flags
Target: 

Burger King Corp

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Acquiror: 
Texas Pacific Group, Bain Capital, Goldman Sachs Capital Partners

(subsidiary of Diageo plc) Advised Diageo plc on sale of Burger King Corporation restaurant system.

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

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

09-Jun-03
$237 million
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Target: 

Kelda Group plc’s

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Acquiror: 
Terra Firma Investments

46% stake in Waste Recycling Group plc
Advised Kelda Group plc on the disposal of its 46% stake in Waste Recycling Group plc.

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

08-Mar-04
$840 million
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Target: 

International Multifoods Corporation

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Acquiror: 
JM Smucker Company

Advised International Multifoods Corporation, whose brands include Pillsbury, Martha White, Hungry Jack and Robin Hood, on its sale to the J.M Smucker Company.

28-Apr-04
$161 million
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Target: 

Atlantic Electric and Gas Ltd

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Acquiror: 
Scottish and Southern Energy plc

Advised Atlantic Electric and Gas, an affiliate of Sempra Energy, on the sale of its assets to Scottish and Southern Energy.

29-Aug-04
$3.8 billion
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Target: 

LNR Property Corporation

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Acquiror: 
Cerberus Capital Management, L.P.

Advised the Special Committee of the Board of Directors and the Board of Directors of LNR Property Corporation, one of the US’ leading real estate investment, finance and management companies, on its sale to Cerberus Capital Management, L.P. and its real estate affiliate, Blackacre Institutional Capital Management, LLC

28-Jun-05
$111 million
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Target: 

Texas Genco LLC

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Acquiror: 
Kinder Morgan Energy Partners LP

Advised Texas Genco LLC on the sale of natural gas storage assets to Kinder Morgan Energy Partners LP

11-Jul-05
$NA
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Target: 

Inergy, L.P.

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Acquiror: 
Inergy Holdings GP, LLC

Provided a fairness opinion to Inergy Holdings GP, LLC regarding the Stagecoach natural gas storage acquisition

15-Jul-05
$70 million
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Target: 

Texas Genco LLC

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Acquiror: 
TEPPCO Partners LP

Advised Texas Genco LLC on the sale of a fuel oil pipeline and associated storage assets to TEPPCO Partners LP

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

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

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