Recent Transactions

20-Feb-24
Pending
$1.9 billion
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Target: 

Audacy Inc.

flag not available

Advising 1L Ad Hoc Group on the pre-packaged restructuring of Audacy, one of the largest multi-platform audio content and entertainment companies with 221 radio stations in 45 distinct markets

02-Sep-22
Pending
$205 million
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Target: 

brsk

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Acquiror: 
Ares Management

Advising brsk, a UK-based alternative network broadband provider, on its first debt-raise of £178m from Ares Management, a leading global alternative investment manager

08-Apr-22
$364 million
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Target: 

Netomnia

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Acquiror: 
DigitalBridge Investment Management, Advencap, SoHo Square

Advised Netomnia, a leading UK-based fiber operator, on its £295m fundraise led by DigitalBridge Investment Management with follow-on commitments from existing shareholders Soho Square Capital LLP and Advencap Limited

18-Jan-22
$321 million
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Target: 

Fusion Connect, Inc.

flag not available
Acquiror: 
N/A

Advised Fusion Connect, Inc., a leading service provider of cloud communications and secure network solutions with a focus on serving mid-market and enterprise businesses on its comprehensive balance sheet recapitalization

15-Nov-21
$166 million
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Target: 

Netomnia

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Acquiror: 
Avenue Capital, Advencap

Advised Netomnia, a UK-based fibre operator, on its first large-scale fundraise of £123m 

11-Mar-21
$725 million
U.S.A., Australia flags
Target: 

Speedcast International Limited

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Acquiror: 
Centerbridge Partners L.P.

Advised the Ad Hoc Group of First Lien Lenders on the Chapter 11 restructuring of Speedcast International Limited (ASX:SDA)

24-Nov-20
$1.5 billion
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Target: 

Cirque du Soleil

U.S.A., Canada flags
Acquiror: 
Ad Hoc Group of Lenders

Advised the Company on its CCAA and Ch.15 proceedings and $1.5bn sale through a Sale and Investment Solicitation Process (SISP) 

19-Nov-20
$797 million
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Target: 

iQor Holdings Inc.

flag not available
Acquiror: 
N/A

Advised the ad-hoc Cross-Holder Group of lenders on the fully consensual Prepackaged Plan of Reorganization of iQor Holdings Inc., a business process outsourcing company

17-Nov-20
$497 million
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Target: 

Gannett Co., Inc.

flag not available
Acquiror: 
N/A

Advised Gannett Co., Inc., a news media and marketing solutions company, on the refinancing of ~$500mm of its term loan with convertible notes

14-Jan-20
$760 million
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Target: 

Fusion Connect, Inc.

flag not available
Acquiror: 
N/A

Advised the Ad Hoc Group of 1L lenders with respect to Fusion's Chapter 11 proceeding

10-Jun-19
$NA
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Target: 

Book Publishing Business of F+W Media

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Acquiror: 
Penguin Random House

Advised F+W Media, a content and e-commerce company focused on a variety of special interest categories, on the sale of its book publishing business as part of its broader in-court restructuring

25-May-17
$115 million
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Target: 

F+W Media

flag not available

Advised F+W Media, a content and e-commerce company focused on a variety of special interest categories, on the out-of-court restructuring of its c.$100 million term loan and a $15 million new money investment from existing lenders

25-Jan-17
$325 million
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Target: 

Ad Hoc Group of Senior Secured Noteholders

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Advised the Ad Hoc Group of Senior Secured Noteholders in connection with the restructuring of Goodman Networks.

02-Nov-16
$NA
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Target: 

IAC/InterActiveCorp

flag not available

Advised the Special Committee of the Board of Directors of IAC/InterActiveCorp, a leading media and internet company, on the potential creation of a new class of non-voting common stock 

05-Aug-14
$NA
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Target: 

Gannett Co., Inc.

flag not available

Advised Gannett Co., Inc. a media and marketing solutions company, on the spin-off of its Publishing business and the creation of two separate media companies: one focused on television broadcasting and digital marketing and one focused on newspapers.

03-Mar-14
$3.6 billion
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Target: 

hibu plc (formerly Yell Group plc)

Advised hibu, a full service provider of digital and print marketing services for SMEs and owner of print directory brands Yellow Pages (UK), Yellowbook (US) and Paginas Amarillas (Spain), on the comprehensive restructuring of its £2.2 billion balance sheet debt

13-Aug-12
$32 million
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Target: 

Journal Communications, Inc.

Advised the Board of Directors of Journal Communications, Inc., a diversified media company with newspaper and broadcasting interests, in connection with the repurchase of 100% of the issued and outstanding shares of its Class C Common Stock from successors to the Company’s founding family

28-Jun-12
$275 million
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Target: 

Village Roadshow Entertainment Group

Advised Village Roadshow Entertainment Group on its $275 million mezzanine and equity capital raise from a group of investors

02-Dec-10
$NA
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Target: 

IAC / InterActiveCorp.

Advised the Special Committee of the Board of Directors of IAC, a leading Internet company, on the repurchase of all IAC shares owned by Liberty Media in exchange for a combination of cash and two operating businesses, Evite and Gifts.com

21-Jul-09
$2.8 billion
U.S.A., Canada flags
Target: 

Quebecor World Inc

Acted as financial advisor to Quebecor World on its CCAA / Chapter 11 restructuring

30-Jun-07
$52.0 billion
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Target: 

BCE Inc.

U.S.A., Canada flags
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

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

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

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