Recent Transactions

18-Feb-97
$1.1 billion
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Target: 

Viacom Inc.

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Acquiror: 
Chancellor Broadcasting

- various radio assets
Advised Chancellor in the purchase of Viacom’s radio assets

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.

30-Jul-99
$2.5 billion
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Target: 

Mirror Group PLC

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Acquiror: 
Trinity plc

Advised Trinity on its merger with Mirror Group to form Trinity Mirror, the UK’s largest newspaper publisher

06-Aug-99
$12.8 billion
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Target: 

One2One

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Acquiror: 
Deutsche Telekom AG

(joint venture between Cable and Wireless plc and Media One)
Strategic advice to C&W in connection with the sale of One2One, a UK mobile phone operator, 50% owned by C&W and 50% owned by Media One

04-Oct-99
$23.5 billion
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Target: 

AMFM, Inc.

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Acquiror: 
Clear Channel Communications, Inc.

Advised AMFM on the sale of the company to Clear Channel Communications to form the largest US radio company

31-Mar-00
$498 million
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Target: 

Dorling Kindersley plc

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Acquiror: 
Pearson plc

Advised Dorling Kindersley, a leading and innovative book publisher, on the sale of the company to Pearson in an all cash transaction.

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.

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.

Switzerland flag
Acquiror: 
Nestlé S.A.

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

25-Mar-01
$9.7 billion
U.K., Australia flags
Target: 

Cable & Wireless Optus Limited

Singapore flag
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

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.

09-Aug-02
$17.6 billion
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Target: 

Adelphia Communications

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Acquiror: 
Time Warner Inc. and Comcast Corp.

Advised the Unsecured Creditors of Adelphia Communications representing $14.5 billion of value in Adelphia’s Chapter 11 proceedings. Advised on the sale of Adelphia’s assets to Time Warner and Comcast for $17.6 billion

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

15-Jul-03
$1.1 billion
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Target: 

Loral Space and Communications Ltd.

Bermuda flag
Acquiror: 
Intelsat Ltd.

Advised Loral with its Chapter 11 proceedings. Advised on the sale of its North American Fixed Satellite Services assets to Intelsat for $1.1 billion

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

02-Mar-04
$2.1 billion
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Target: 

Taylor & Francis Group Plc

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Acquiror: 
Informa Group Plc

Advised Informa Group on its merger with Taylor & Francis. Following the merger, Informa shareholders own 51% of the combined 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.

01-Jun-05
$1.4 billion
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Target: 

IIR

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Acquiror: 
T&F Informa

Advised T&F Informa on the acquisition of IIR, a leading provider of performance improvement solutions and organiser of conferences and exhibitions. The acquisition is to be financed via a rights issue of c.$570mm and a new debt facility

21-Jun-05
$714 million
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Target: 

Scottish Radio Holdings plc

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Acquiror: 
EMAP plc

Advised UK radio and regional press company Scottish Radio Holdings plc on a recommended offer by EMAP plc

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

03-Apr-06
$3.7 billion
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Target: 

Verizon Communications Inc.

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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

12-Apr-06
$NA
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Target: 

WH Smith PLC

Advised WH Smith PLC on the demerger of its Retail business

15-Dec-06
$19.1 billion
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Target: 

Gallaher Group plc

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Acquiror: 
Japan Tobacco Inc.

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

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