United States

/ Papers Business
Provided fairness opinion to the Board of Directors of MeadWestvaco Corporation on the sale of its Papers business and associated assets to Cerberus Capital Management, L.P

Advised MCI in connection with its sale to Verizon Communications, Inc

Advised America West Holdings in connection with its merger with US Airways Group. (+Transaction value represents enterprise value of combined entity, including capitalized operating leases of $4.8 billion)

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

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

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

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

Advised TeleCity plc on the recommended offer by 3i and Oak Hill Capital

Advised Whirlpool Corporation, one of the world’s leading manufacturers of major home appliances, on its acquisition of Maytag Corporation

Advised Refco Inc. on the sale of substantially all of the assets of Refco's regulated commodities futures business to Man Financial