Transactions

Result of filter: 59

Advisory Services: Financial Institutions Advisory
Industry Coverage: All Industry Coverage
Deal Status: All Deal Status

Advisors to select non-litigating preferred stockholders of Fannie Mae and Freddie Mac

Date Announced:
05/31/2017

client:
Select non-litigating preferred stockholders of Fannie Mae and Freddie Mac

Status:
Terminated

Value:
Undisclosed

UK Asset Resolution Limited’s sale of Bradford & Bingley plc loans to Prudential plc and funds managed by Blackstone

Date Announced:
03/31/2017

client:
UK Financial Investments Limited

Status:
Closed – 04/2017

Value:
£11.8 billion

Aon plc’s sale of its benefits administration and HR business process outsourcing platform to Blackstone Group

Date Announced:
02/10/2017

client:
Aon Corporation / Aon plc

Status:
Closed – 05/2017

Value:
$4.8 billion

Syncora Holdings Ltd.'s exchange offer and proxy solicitation

Date Announced:
07/01/2016

client:
Syncora Holdings Ltd.

Status:
Closed – 08/2016

Value:
$1.2 billion

General Electric Company's sale of GE Capital’s U.S. restaurant franchise financing assets to three buyers: First Horizon National Corporation, Wintrust Financial Corporation and Sterling National Bank

Date Announced:
06/27/2016

client:
General Electric Company

Status:
Closed – 09/2016

Value:
$1.4 billion

Assured Guaranty Ltd.'s acquisition of CIFG Holding Inc.

Date Announced:
04/13/2016

client:
Assured Guaranty Ltd.

Status:
Closed – 07/2016

Value:
$450 million

College Avenue Student Loans, LLC’s equity capital raise

Date Announced:
01/11/2016

client:
College Avenue Student Loans, LLC

Status:
Closed – 01/2016

Value:
Undisclosed

Glitnir hf.’s restructuring

Date Announced:
12/08/2015

client:
Winding-Up Board of Glitnir hf.

Status:
Closed – 12/2015

Value:
€15.4 billion

UK Financial Investments Limited’s sale of an asset portfolio to affiliates of Cerberus Capital Management LP

Date Announced:
11/13/2015

client:
UK Financial Investments Limited

Status:
Closed – 12/2015

Value:
£13 billion Read the case study

Financial Advisor to UK Financial Investments Limited on UK Asset Resolution Limited’s sale of an asset portfolio to affiliates of Cerberus Capital Management LP

On November 13, 2015, UK Financial Investments Limited (UKFI) announced that UK Asset Resolution Limited (UKAR) would sell a £13.0 billion asset portfolio to Cerberus Capital Management LP (“Cerberus”). Moelis & Company acted as the financial advisor to UKFI on this record-breaking sale of mortgages which had been taken into public ownership nearly a decade earlier.

As part of the U.K.’s response to the financial crisis and in order to manage the Governments interventions, UKFI was set up in 2008. UKFI’s objective is to implement a strategy for realizing value for the government’s holdings over time in an orderly and active way, consistent with its view that it has no wish to be a permanent investor in U.K. financial institutions. UKAR was established in 2010 as a holding company to integrate the administration and servicing of the legacy mortgage businesses of NRAM (previously known as Northern Rock Asset Management plc) and Bradford & Bingley plc.

The UKAR portfolio sold to Cerberus in this transaction comprised of mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business. This highly competitive process resulted in UKAR achieving a £280 million premium over book value. As part of the transaction, TSB Bank acquired £3.3 billion of mortgages and loans from Cerberus, adding 34,000 customers across the U.K.

The sale brought the total UKAR balance sheet reduction to £73.5 billion (63%) and meant that the government had exited over 85% of Northern Rock whilst delivering value-for-money for the taxpayer.

This marque transaction, completed in May 2016, received accolades from U.K. Chancellor George Osborne, who called it a “major milestone in clearing up the mess left by the financial crisis, with the sale of former Northern Rock mortgages.” It currently represents the largest financial asset sale ever by a European government.

Syncora Holdings Ltd.’s amendments to the Master Transaction Agreement

Date Announced:
08/24/2015

client:
Syncora Holdings Ltd.

Status:
Closed – 08/2015

Value:
Undisclosed

Deutsche Bank AG, KKR & Co. L.P. and Värde Partners, Inc.’s acquisition of GE Capital Australia & New Zealand Consumer Finance

Date Announced:
03/15/2015

client:
Consortium consisting of Deutsche Bank AG, KKR & Co. L.P. and Värde Partners, Inc.

Status:
Closed – 11/2015

Value:
A$8.2 billion

DEPFA Bank plc’s proposed tender offer for preferred securities

Date Announced:
01/14/2015

client:
Committed holders of DEPFA Bank plc

Status:
Closed – 05/2015

Value:
€1.2 billion

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

Syncora Holdings Ltd.’s monetization of pass through securities and mark-to-market value swaps of Redbank Project

Date Announced:
10/31/2014

client:
Syncora Holdings Ltd.

Status:
Closed – 10/2014

Value:
A$147 million

College Ave Student Loans, LLC’s formation and capitalization

Date Announced:
08/22/2014

client:
College Ave Student Loans, LLC

Status:
Closed – 08/2014

Value:
Undisclosed

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