Transactions

Care1st Health Plan’s sale to Blue Shield of California

Date Announced:
12/08/2014

client:
Care1st Health Plan

Status:
Closed – 10/2015

Value:
Undisclosed

Breeze Finance S.A.’s commutation of Class A financial guarantee

Date Announced:
12/03/2014

client:
Ad Hoc Committee of Class A Noteholders of Breeze Finance S.A.

Status:
Closed – 12/2014

Value:
€287 million

Elanor Investors Groups' institutional placement

Date Announced:
12/03/2014

client:
Elanor Investors Group

Status:
Closed – 12/2014

Value:
A$13 million

Komatsulite Mfg. Co., Ltd’s sale to Bourns, Inc.

Date Announced:
12/03/2014

client:
Board of Directors of Komatsulite Mfg. Co., Ltd

Status:
Closed – 12/2014

Value:
Undisclosed

Packers Holdings, LLC’s sale to Leonard Green & Partners, L.P.

Date Announced:
12/03/2014

client:
Packers Holdings, LLC

Status:
Closed – 12/2014

Value:
Undisclosed

Monitise plc’s strategic investment from Santander Group, Telefónica Group and MasterCard Inc. and expanded commercial partnership with IBM

Date Announced:
11/27/2014

client:
Monitise plc

Status:
Closed – 12/2014

Value:
$76 million

Dealer Tire, LLC’s sale of a majority stake to Lindsay Goldberg LLC

Date Announced:
11/24/2014

client:
Dealer Tire, LLC

Status:
Closed – 12/2014

Value:
Undisclosed

Folkestone Limited’s A$42 million capital raise

Date Announced:
11/24/2014

client:
Folkestone Limited

Status:
Closed – 11/2014

Value:
A$42 million

Landmark Media Enterprises, LLC’s sale of KLAS-TV to Nexstar Broadcasting, Inc.

Date Announced:
11/21/2014

client:
Landmark Media Enterprises, LLC

Status:
Closed – 02/2015

Value:
$145 million

Simonds Group Limited’s initial public offering

Date Announced:
11/17/2014

client:
Simonds Group Limited

Status:
Closed – 11/2014

Value:
A$270 million

DP World Limited’s acquisition of Economic Zones World FZE from Port and Free Zone World FZE

Date Announced:
11/13/2014

client:
DP World Limited

Status:
Closed – 03/2015

Value:
$3.5 billion Read the case study

Financial Advisor to DP World Limited on its $3.5 billion Acquisition of Economic Zones World

In March, 2015, DP World Limited (“DP World”) successfully completed its acquisition of Economic Zones World FZE (“EZW”) from Port and Free Zones World FZE (“PFZW”) for a total cash consideration of $2.6 billion (subject to certain adjustments), in addition to the assumption of net debt ($859 million as of June 30, 2014). Moelis & Company served as financial advisor to DP World and led all aspects of the transaction from inception to closing.

This transaction was consistent with DP World’s strategy of providing port-centric integrated logistics solutions at key gateway locations. DP World is one of the leading marine terminal operators in the world and the Jebel Ali port is its flagship port in the Middle East. EZW’s primary business unit, the Jebel Ali Free Zone FZE (“JAFZ”), is a 57 square kilometer modern commercial and industrial logistics park that is located adjacent to Jebel Ali port and serves as an integral component of the supply chain for DP World’s customers at Jebel Ali port.

Moelis & Company designed a tailored due diligence and negotiations process for DP World, in order to maintain confidentiality and limit press leaks. As the acquisition constituted a Related Party and Class 1 transaction for the purposes of UK Listing Rules, Moelis & Company conducted a comprehensive evaluation of EZW to develop a view on valuation, draft a shareholder circular and obtain the support of DP World’s independent directors. Moelis & Company was also intimately engaged in key negotiations with the seller and was instrumental in achieving a successful outcome for its client.

DP World’s acquisition was the largest M&A deal involving a Middle Eastern target in 2014-2015 and had compelling strategic, operational and financial benefits for DP World. It created the leading port and free zone in the Middle East, enhanced DP World’s competitive advantage by strengthening Jebel Ali port’s integrated product offering and provided an opportunity to control and improve investment levels at JAFZ. The acquisition was also expected to enhance earnings by more than 15 percent and generate greater than a 7 percent return on capital employed in the first full financial year following completion.

Lone Star Funds' acquisition of a portfolio of 38 hotels from Hyatt Hotels Corporation

Date Announced:
11/13/2014

client:
Lone Star Funds

Status:
Closed – 11/2014

Value:
$590 million

Folkestone Social Infrastructure Trust’s merger with Folkestone Education Trust

Date Announced:
11/13/2014

client:
Folkestone Social Infrastructure Trust

Status:
Closed – 12/2014

Value:
Undisclosed

Conning Holdings Corporation’s sale to Cathay Financial Holdings

Date Announced:
11/12/2014

client:
Conning Holdings Corporation

Status:
Closed – 09/2015

Value:
$240 million

Transaction Network Services' sale of Payment Gateway Services business to MasterCard

Date Announced:
11/06/2014

client:
Transaction Network Services

Status:
Closed – 12/2014

Value:
Undisclosed

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