Recent Transactions

25-Apr-03
$20.8 billion
United States flag
Target: 

AMR Corporation

Advised AMR, parent of American Airlines, on strategic alternatives and implementation of a historic out-of-court restructuring through which a variety of stakeholder concessions were achieved, averting bankruptcy

04-Apr-03
$6.1 billion
United States flag
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

21-Mar-03
$6.1 billion
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Target: 

Conseco, Inc.

Advised the Official Committee of Unsecured Creditors of Conseco, Inc., a life insurance and annuities company, on the financial restructuring of the Company’s $6 billion of externally held financial indebtedness

18-Mar-03
$7.0 billion
Germany flag
Target: 

Wella AG

United States flag
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

13-Mar-03
$734 million (Bank Facility)
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Target: 

RCN Corporation

Advised RCN on the negotiation of an amendment to its $734.4 million bank facility that adjusts and eliminates certain covenants and enables the use of up to $125 million of existing cash and up to $500 million of new secured capital for strategic deleveraging

19-Feb-03
$110 million
United States flag
Target: 

AT&T Latin America

Advised AT&T Latin America on the restructuring and sale of its South American subsidiaries in Argentina, Brazil, Chile, Colombia and Peru to Telefonos de Mexico for $206.7 million. Also advised ATTLA on the resolution of it US Chapter 11 proceedings

31-Jan-03
$NA
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Target: 

Charles Schwab Europe

United Kingdom flag
Acquiror: 
Barclays PLC

Advised The Charles Schwab Corporation on the sale of its British pound sterling brokerage business, to Barclays PLC.

13-Jan-03
$464 million (Liabilities)
United States flag
Target: 

Orius Corp.

Advised Orius Corp, a leader in Telecom Services, on various strategic alternatives, including its ultimate standalone financial restructuring

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

Burger King Corp

United States flag
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.

14-Nov-02
$375 million
U.S.A., Canada flags
Target: 

Sterling Chemicals

United States flag
Acquiror: 
Superior Propane Income Fund

(Pulp Chemicals Business)
Advised Sterling Chemicals on the disposal of its Pulp Chemicals Business. The business is one of the largest providers of chemicals for the processing and bleaching of pulp and paper products.

23-Aug-02
$650 million
United States flag
Target: 

WebLink Wireless, Inc.

Advised WebLink, a leading provider of two-way wireless messaging services, on various strategic alternatives, including its ultimate standalone financial restructuring

12-Aug-02
$450 million
United States flag
Target: 

Ziff Davis Media, Inc.

Advised Ziff Davis Media, Inc., a special interest media company focused on the technology and game markets, regarding its strategic alternatives and, ultimately, with respect to its recapitalisation effectuated through an exchange offer

09-Aug-02
$17.6 billion
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Target: 

Adelphia Communications

United States flag
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-May-02
$NA
United States flag
Target: 

American Commercial Lines

Advised American Commercial Lines, an operator of barges, towboats and shipyards, on its out of court restructuring

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.

14-Oct-01
$4.5 billion (Liabilities)
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Target: 

Bethlehem Steel Corporation

Advised Bethlehem Steel Corp., the United States third largest steel producer, in connection with its Chapter 11 proceedings and eventual sale to International Steel

11-Oct-01
$1.3 billion
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Target: 

Regal Cinemas, Inc.

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

11-Oct-01
$1.3 billion
United States flag
Target: 

Regal Cinemas, Inc.

United States flag
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

21-Sep-01
$1.1 billion
United States flag
Target: 

RCN Corporation

Advised RCN, the nation’s largest cable overbuilder, in a tender offer for up to $1.1 billion in face value of public indebtedness

29-Aug-01
$5.9 billion
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Target: 

Westvaco Corporation

United States flag
Acquiror: 
The Mead Corporation

Advised Westvaco Corporation, a packaging and paper products company, on its merger-of-equals with The Mead Corporation

16-Jul-01
$982 million
United States flag
Target: 

Sterling Chemicals

Advised Sterling Chemicals in connection with its Chapter 11 proceedings

03-Jul-01
$309 million
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Target: 

AMRESCO

Advised AMRESCO, a specialty finance company, on its sale to NCSI pursuant to Section 363 of the Bankruptcy Code

23-May-01
$950 million
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Target: 

Structural Dynamics Research Corporation

United States flag
Acquiror: 
EDS Corp

Advised EDS on its acquisition of SDRC, a developer of enterprise-wide product data management software

23-May-01
$170 million
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Target: 

Unigraphics Solutions Inc.

United States flag
Acquiror: 
EDS Corp

(14%)
Advised EDS on its acquisition of the outstanding publicly held shares (14%) of Unigraphics Solutions, a provider of product data management software

05-Mar-01
$1.1 billion (liabilities)
United States flag
Target: 

US Office Products Company

Advised the Official Committee of Unsecured Creditors in connection with the Chapter 11 proceedings of US Office Products Company

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