Recent Transactions

04-Dec-13
$850 million
Russia flag
Target: 

Megapolis Distribution

Japan flag
Acquiror: 
Japan Tobacco Inc

Advised Japan Tobacco Inc in connection with the acquisition of a minority stake in Megapolis Distribution B.V., Russia’s leading tobacco distributor

02-Oct-13
$NA
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Target: 

Tesco PLC's Chinese retail operations

China flag
Acquiror: 
China Resources Enterprise

Advised Tesco PLC on the formation of a joint venture with China Resources Enterprise, a Hong Kong listed, Chinese retailer, to create the leading multi-format retailer in China

10-Sep-13
$NA
U.S.A., U.K. flags
Target: 

Fresh & Easy (owned by Tesco plc)

United States flag
Acquiror: 
YFE Holdings, Inc (affiliate of The Yucaipa Companies, LLC)

Advised Tesco plc, a listed FTSE 100 retailer, on the sale of a substantive part of Fresh & Easy’s operating business to YFE Holdings, Inc, an affiliate of The Yucaipa Companies, LLC

09-Sep-13
$2.1 billion
United Kingdom flag
Target: 

Lucozade & Ribena brands (owned by GSK)

Japan flag
Acquiror: 
Suntory Beverage & Food Ltd

Advised GlaxoSmithKline, the UK listed international pharmaceutical and consumer company, on the sale of its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd

26-Apr-13
$NA
Japan flag
Target: 

Yakult Honsha

France flag
Acquiror: 
Danone

Advised Danone, a world leading food company, on its business and capital alliance with Yakult Honsha, the largest probiotic dairy product manufacturer in Japan

20-Feb-13
$120 million
Australia flag
Target: 

Trivett Automotive Group

United Kingdom flag
Acquiror: 
Inchcape plc

Advised Inchcape plc, the leading independent international automotive distributor and retailer, on the acquisition of Trivett Automotive Group, the leading luxury and premium automotive group in Australia

07-Dec-12
$43 million
New Zealand flag
Target: 

Champion Flour Limited

Japan flag
Acquiror: 
Nisshin Seifun Group Inc.

Advised Goodman Fielder, a leading Australian listed food company, on the sale of its New Zealand flour milling business, Champion Flour, to Nisshin Seifun Group Inc.

23-Oct-12
$5.7 billion
United States flag
Target: 

Target Corporation’s REDcard credit card assets

U.S.A., Canada flags
Acquiror: 
The Toronto-Dominion Bank Group

Advised The Toronto-Dominion Bank Group on its acquisition of Target Corporation’s REDcard credit card assets

24-Aug-12
$674 million
Japan flag
Target: 

ITX (Mobile Phone Retailing Business)

Japan flag
Acquiror: 
Japan Industrial Partners

Advised Japan Industrial Partners, a leading private equity firm in Japan, on the acquisition of mobile phone retailing business from ITX, a mobile phones marketer and distributor in Japan

18-Jun-12
$NA
United Kingdom flag
Target: 

Pension Trustees of Howden Joinery Group plc

Advised the Pension Trustees of Howden Joinery Group plc in negotiating a revised schedule of deficit reduction payments, and with regards to their security position relative to the Company’s lenders

18-Jun-12
$386 million
Australia flag
Target: 

Little World Beverages

Australia, Japan flags
Acquiror: 
Lion / Kirin

Advised Lion on the acquisition of Little World Beverages, Australia’s largest listed brewer and one of the country’s leading players in the Craft beer segment

04-May-12
$55 million
United Kingdom flag
Target: 

Armajaro Trading Limited

United States flag
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

16-Jan-12
$428 million
United Kingdom flag
Target: 

Robert Wiseman Dairies PLC

Germany flag
Acquiror: 
Unternehmensgruppe Theo Müller

Advised Robert Wiseman Dairies PLC, the UK’s largest processor of fresh milk, on a recommended offer from Unternehmensgruppe Theo Müller S.e.c.s.

09-May-11
$843 million
Canada flag
Target: 

The Forzani Group Ltd.

Canada flag
Acquiror: 
Canadian Tire Corporation, Limited

Advised The Forzani Group Ltd., Canada's largest national retailer of brand-name and private-brand sporting goods, apparel and footwear, on its sale to Canadian Tire Corporation, Limited

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

13-Dec-10
$256 million
United Kingdom flag
Target: 

Maxinutrition Group Holdings Limited

United Kingdom flag
Acquiror: 
GlaxoSmithKline Plc

Advised GlaxoSmithKline Plc, the UK listed international pharmaceutical and consumer company, on its acquisition of Maxinutrition Group Holdings Limited, a UK based sports nutrition business, from Darwin Private Equity

10-Mar-10
$576 million
United Kingdom flag
Target: 

Camelot Group plc

Canada flag
Acquiror: 
Ontario Teachers’ Pensions Plan

Advised the shareholders of Camelot – Cadbury, De La Rue, Fujitsu, Royal Mail and Thales – on the sale of their shareholdings in Camelot, the operator of the UK National Lottery, to Ontario Teachers’ Pensions Plan

29-Jul-09
$138 million
Canada flag
Target: 

Groupe Aeroplan Inc.

Advised Groupe Aeroplan on its C$150MM participation in a C$600MM credit facility for Air Canada

23-Apr-09
$5.7 billion
Australia flag
Target: 

Lion Nathan

Japan flag
Acquiror: 
Kirin Holdings

Advised Lion Nathan, a leading brewery in Australia, on the sale of its remaining 54% stake to Kirin Holdings, a leading beverage company in Japan

28-Jul-08
$2.1 billion
United Kingdom flag
Target: 

Tesco Personal Finance Group Limited

United Kingdom flag
Acquiror: 
Tesco plc

Advised Tesco plc in relation to its acquisition of the 50% interest it does not already own in Tesco Personal Finance Group Limited, a joint venture with The Royal Bank of Scotland Group plc. Tesco Personal Finance offers a range of retail insurance and banking products under the Tesco brand

21-May-08
$85 million
United Kingdom flag
Target: 

Dobbies Garden Centres plc

United Kingdom flag
Acquiror: 
Tesco plc

Advised Tesco plc in relation to its public cash offer to acquire the 35% of Dobbies Garden Centres plc which it does not already own

08-Jun-07
$448 million
United Kingdom flag
Target: 

Dobbies Garden Centres plc

United Kingdom flag
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
United Kingdom flag
Target: 

Alliance Boots plc

United States flag
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

15-Dec-06
$19.1 billion
United Kingdom flag
Target: 

Gallaher Group plc

Japan flag
Acquiror: 
Japan Tobacco Inc.

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

12-Apr-06
$NA
United Kingdom flag
Target: 

WH Smith PLC

Advised WH Smith PLC on the demerger of its Retail business

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