Transactions Archive - Page 150 of 474

Life Technologies Corporation’s acquisition of Ion Torrent Systems, Inc.

Date Announced:
08/16/2010

client:
Life Technologies Corporation

Status:
Closed – 10/2010

Value:
$375 million

NextWave Wireless, Inc.’s sale of remaining equity interest in PacketVideo Corporation to NTT DOCOMO, INC.

Date Announced:
07/31/2010

client:
NextWave Wireless, Inc.

Status:
Closed – 10/2010

Value:
$173 million

Neenah Enterprises, Inc.’s Chapter 11 Reorganization

Date Announced:
07/28/2010

client:
Ad Hoc Group of Senior Secured Noteholders of Neenah Enterprises, Inc.

Status:
Closed – 07/2010

Value:
$380 million

Entravision Communications Corporation’s senior secured notes offering

Date Announced:
07/26/2010

client:
Entravision Communications Corporation

Status:
Closed – 07/2010

Value:
$400 million

Air Lease Corporation’s common stock and 144A equity offering

Date Announced:
07/12/2010

client:
Air Lease Corporation

Status:
Closed – 07/2010

Value:
$1.3 billion Read the case study

Financial Advisor to Air Lease Corporation on its $1.3 billion equity capital raise

On July 13, 2010, Air Lease Corporation (“ALC”), a new aircraft leasing company launched by aviation industry pioneer Steven F. Udvar-Hazy and longtime aviation executive John L. Plueger, closed its approximately $1.3 billion equity capital raise, including an approximately $1 billion Regulation 144A private placement. ALC also secured approximately $2 billion of committed debt financing including a $1.5 billion warehouse credit facility, bringing total initial capital availability at closing to approximately $3.3 billion in less than six months after opening in Los Angeles. These transactions represented one of the largest Regulation 144A equity private placements ever completed as well as the largest ever first-time warehouse credit facility of its type. Moelis & Company acted as financial advisor to ALC.

Syncora Holdings Ltd.’s waiver and amendment to 2009 Master Transaction Agreement including the prepayment of Surplus Notes

Date Announced:
07/07/2010

client:
Syncora Holdings Ltd.

Status:
Closed – 07/2010

Value:
$75 million

Pacific Century Motors’s acquisition of Nexteer Automotive from General Motors Company

Date Announced:
07/06/2010

client:
Pacific Century Motors

Status:
Closed – 11/2010

Value:
Undisclosed Read the case study

Financial advisor to Pacific Century Motors on its acquisition of Nexteer Automotive from General Motors

On November 30, 2010, Pacific Century Motors (“PCM”), an entity backed by the Beijing Municipal Government, completed its acquisition of Nexteer Automotive (“Nexteer”) from General Motors (NYSE: GM), representing the single largest investment in the auto parts industry ever made by a Chinese company. The acquisition provided PCM with a global platform for cross-selling products as well as access to Nexteer’s world-class technology, design and manufacturing capabilities. It also positioned Nexteer for greater growth through expansion of its customer base in key emerging markets, particularly in the Asia-Pacific region. Moelis & Company acted as financial advisor to Pacific Century Motors.

Ashton Woods Homes' senior secured term loan and equity investment

Date Announced:
07/05/2010

client:
Ashton Woods Homes

Status:
Closed – 07/2010

Value:
$75 million Term Loan; $10 million Equity Investment

Natixis’s disposal of most of its complex credit derivative portfolio

Date Announced:
07/04/2010

client:
Natixis

Status:
Closed – 07/2010

Value:
€30+ billion

Greektown Casino, LLC’s restructuring

Date Announced:
06/29/2010

client:
Greektown Casino, LLC

Status:
Closed – 06/2010

Value:
$880 million

Aspen Dental Management, Inc., a portfolio company of Ares Management, sale to Leonard Green & Partners

Date Announced:
06/29/2010

client:
Ares Management and its portfolio company Aspen Dental Management, Inc.

Status:
Closed – 10/2010

Value:
Undisclosed

Nu Skin Worldwide’s follow-on equity offering

Date Announced:
06/02/2010

client:
Nu Skin Worldwide

Status:
Closed – 06/2010

Value:
$136 million

Nordic Capital’s acquisition of Handicare International from the Herkules Private Equity Fund

Date Announced:
06/01/2010

client:
Nordic Capital

Status:
Closed – 12/2010

Value:
Undisclosed

Aleris International, Inc.’s Chapter 11 Reorganization

Date Announced:
05/31/2010

client:
Aleris International, Inc.

Status:
Closed – 07/2010

Value:
$2.7 billion Read the case study

Financial advisor to Aleris International on its $2.7 billion Chapter 11 Reorganization

On June 1, 2010, Aleris International Inc. (“Aleris”), a global leader in the production and sale of aluminum rolled and extruded products, recycled aluminum and specifications alloy manufacturing, emerged from Chapter 11. Aleris and its wholly-owned U.S. subsidiary co-debtors filed petitions for voluntary reorganization under Chapter 11 on February 12, 2009, as a result of financial constraints related to the deteriorating global economic situation, declining industrial demand and a swift drop in aluminum prices. Moelis & Company guided Aleris through a highly complex bankruptcy process that involved filing a voluntary petition for relief under Chapter 11 in the U.S. bankruptcy court for its German holding company subsidiary. Aleris’ innovative plan of reorganization received substantial support from its U.S. and European creditor groups and was confirmed in May 2010. Moelis & Company acted as exclusive financial advisor to Aleris and helped the company raise over $2.2 billion of capital over the course of the bankruptcy process.

GLG Partners, Inc.’s sale to Man Group plc

Date Announced:
05/16/2010

client:
Special Committee of the Board of Directors of GLG Partners, Inc.

Status:
Closed – 10/2010

Value:
$1.6 billion Read the case study

Financial advisor to the Special Committee of the Board of Directors of GLG Partners on its $1.6 billion sale to Man Group

On October 14, 2010, Man Group plc (“Man,” LSE: EMG), one of the world’s largest alternative asset managers with $39 billion under management, agreed to buy GLG Partners Inc. (“GLG,” NYSE: GLG), a global alternative asset manager with $24 billion in assets under management (“AUM”), for $1.6 billion. The transaction represents the first ever public-to-public M&A transaction in the alternative asset management sector. The structure included two concurrent transactions with different forms of consideration paid to insiders and the public stockholders. Insiders received Man shares in exchange for their GLG shares based on a valuation of $3.50 per share and public stockholders received cash consideration of $4.50 per share. Man acquired the outstanding common stock of GLG not subject to the share exchange at a 55% premium to the closing price of GLG’s common stock on the last trading day prior to announcement. The transaction brought together two highly complementary businesses, both focused on delivering long-term investment performance. The combined company has $63 billion of net AUM, making it the largest alternative asset manager in the world. Moelis & Company acted as financial advisor to the Special Committee of the Board of Directors of GLG, which represented public shareholders.