Mergers & Acquisitions

Experience

    • Tribune Media Company in its $6.4 billion sale to Nexstar Media.
    • J.P. Morgan Securities, as financial advisor to Quad/Graphics, in its $1.4 billion acquisition of LSC Communications.
    • J.P. Morgan Securities, as financial advisor to Leggett & Platt, in its $1.25 billion acquisition of Elite Comfort Solutions.
    • Elliott Management in its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
    • American Express in its acquisition of Resy, a leading digital restaurant reservation booking and management platform.
    • Clayton, Dubilier & Rice and TRANZACT in the $1.2 billion sale of TRANZACT to Willis Towers Watson.
    • Toyota Motor Corporation in its joint investment, with DENSO Corporation and SoftBank Vision Fund, in Uber’s Advanced Technologies Group.
    • Morgan Stanley Capital Partners in its acquisition of Impact Fitness, a franchisee of Planet Fitness and formerly a Bain Capital portfolio company.
    • Ply Gem and Clayton, Dubilier & Rice in Ply Gem’s $5.5 billion stock-for-stock combination with NCI Building Systems.
    • Discovery Communications in its $14.6 billion acquisition of Scripps Networks Interactive.
    • Capital Group Private Markets and other selling shareholders in the $1.85 billion sale of Eaton Towers to American Tower.
    • Bain Capital Private Equity and Diamond Castle in the sale of Beacon Health Options to Anthem.
    • HCA Healthcare in its $1.5 billion acquisition of Mission Health, a nonprofit North Carolina health system.
    • Schneider Electric in its joint venture with The Carlyle Group to develop energy management and automation solutions for critical infrastructure projects.
    • Guggenheim Securities and Morgan Stanley, as financial advisors to Pfizer, in its $11.4 billion acquisition of Array Biopharma.
    • Alibaba in the joint venture of its AliExpress business in Russia with the Russian Direct Investment Fund, MegaFon and Mail.ru, aimed at integrating Russia’s key consumer internet and e-commerce platforms.
    • Principal Financial Group in its $1.2 billion acquisition of Wells Fargo & Company’s Institutional Retirement & Trust business.
    • AmTrust Financial Services in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2 billion.
    • Kelso & Company in its acquisition of J.S. Held, a global consulting firm focused on high value insurance claims and construction-related matters.
    • Sirius Computer Solutions, a leading IT solutions integrator, and its majority owner, Kelso & Company, in the sale of a majority equity interest in Sirius to Clayton, Dubilier & Rice.
    • GoDaddy in its acquisition of Sellbrite, a multi-channel management platform.
    • Providence Equity Partners in the combination of Benefit Street Partners and Franklin Templeton Investments.
    • SouthernCarlson in its sale to Kyocera Corporation.
    • Clayton, Dubilier & Rice in its acquisition of a controlling interest in Westbury Street, a leading independent contract caterer and hospitality services provider in the UK.
    • Toyota Motor Corporation in its $500 million investment in Uber to jointly develop Uber’s self-driving business.
    • The Carlyle Group in its strategic minority investment in Grupo Madero, the largest casual dining and fast-casual restaurant chain in Brazil.
    • Julian Dunkerton, the co-founder of global fashion retailer Superdry, in his successful bid to return to the company’s board.
    • AmTrust Financial Services in the sale of its domestic and international surety and credit reinsurance operations to Liberty Mutual.
    • Credit Suisse, as financial advisor to JACK Entertainment, in the $780 million sale of JACK Cincinnati Casino and Turfway Park to Hard Rock International and VICI Properties.
    • Hojeij Branded Foods in its $330 million sale to Lagardère Travel Retail.
    • Hamilton Insurance Group in its acquisition of Pembroke Managing Agency and Ironshore Europe DAC from Liberty Mutual.
    • Deutsche Bank, as financial advisor to Eli Lilly, in its $8 billion acquisition of Loxo Oncology.
    • Blackstone’s Tactical Opportunities Group in its strategic minority investment in Annexus, a leading designer of annuities and insurance-based retirement products.
    • NCI Building Systems in its unit purchase agreement with Environmental Materials, LLC.
    • 4Refuel and its equityholders, including Kelso & Company and Penske Truck Leasing, in the sale of 4Refuel, the leading mobile on-site refueling company in Canada, to Finning International.
    • Quarton International in its sale to Cowen.
    • Time Inc. in its $2.8 billion sale to Meredith.
    • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the U.S.
    • The Carlyle Group in its sale of a majority stake in Getty Images to the Getty family.
    • Risk Strategies, a Kelso & Company portfolio company, in its acquisition of Krauter & Company, a leading specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies nationwide.
    • Elliott Management in a $450 million equity rights offering of Roadrunner Transportation Systems, resulting in Elliott acquiring 90% of Roadrunner.
    • Citizens Financial Group in its agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based merger and acquisition advisory firm.
    • HarbourVest Partners in its role in the £1.2 billion take-private acquisition of UK insurer esure.
    • Resolution Life in its AUS$3.3 billion acquisition of AMP Life in Australia and New Zealand.
    • Chubb in its long-term distribution agreement with Banco de Chile, the largest bank based in Chile.
    • Japan Post Holdings in its purchase of a strategic stake of approximately 7% of outstanding common shares of Aflac.
    • KeyBank in its acquisition of Laurel Road’s affinity-focused digital lending business.
    • Guggenheim Securities and Morgan Stanley, as financial advisors to Red Hat, in its $34 billion sale to IBM.
    • Dealer Tire in a significant investment by Bain Capital Private Equity.
    • Citizens Financial in its acquisition of Clarfeld Financial Advisors.
    • Access Industries as a lead consortium investor in the $5.6 billion acquisition of Calpine.
    • American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
    • Sequoia Capital as a shareholder of Qualtrics International in Qualtric’s $8 billion sale to SAP.
    • Tribune Media Company in its $6.6 billion sale, later terminated, to Sinclair Broadcast Group.
    • TPG Capital and Welsh, Carson, Anderson & Stowe, with Humana, in their $1.4 billion acquisition of Curo Health Services.
    • J.P. Morgan Securities, as financial advisor to CommScope, in its $7.4 billion acquisition of ARRIS.
    • The Carlyle Group in its acquisition of an outstanding interest in NEP Group from Crestview Partners.
    • Ambev S.A. in the acquisition of a 30% interest in Cervecería Nacional Dominicana (CND), the leading beer company in the Caribbean, and the restructuring of its joint venture with E. León Jimenes, in a transaction valued at $926.5 million.
    • EIG Global Energy Partners in the formation of a joint venture with FS Investments to manage the $4 billion FS Energy and Power Fund.
    • Helios Investment Partners in its investment in KMR Holding Pédagogique, a Morocco-based leading private higher education group.
    • Providence Service Corporation and LogistiCare in LogistiCare’s acquisition of Circulation, a provider of technology-enabled logistics solutions and analytics for managing non-emergency transportation across healthcare.
    • Clayton, Dubilier & Rice in its $2.4 billion take private of Ply Gem and acquisition of Atrium Windows & Doors, two leading building products companies.
    • Cornell Capital as a leading investor in the $2.05 billion acquisition of Talcott Resolution, The Hartford’s run-off life and annuity businesses.
    • International Paper in the $1.8 billion combination of its North America Consumer Packaging business with Graphic Packaging.
    • Cerberus Capital Management in its acquisition of Electrical Components International, the world’s leading manufacturer of wire harnesses, control boxes and value-added assembly services, from KPS Capital Partners.
    • Johnson & Johnson in its acquisition of Zarbee's Naturals, a leader in naturally-based healthcare products.
    • SunSource, a Clayton, Dubilier & Rice portfolio company, in its acquisition of United Distribution Group, one of the largest distributors of industrial components and assemblies in North America.
    • Kelso & Company in its sale of PowerTeam Services to Clayton, Dubilier & Rice.
    • Nationstar Mortgage, a leading mortgage servicer and originator, in its $3.8 billion merger with WMIH.
    • Johnson & Johnson in its global co-development and commercialization agreement with Theravance Biopharma, relating to various compounds being developed for the treatment of inflammatory bowel disease, including Crohn's and ulcerative colitis.
    • Dover Corporation in its acquisition of Germany-based Ettlinger, a leading manufacturer of filtering solutions for the plastics recycling industry.
    • Clayton, Dubilier & Rice in its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
    • J.P. Morgan, as financial advisor to FS Investment Corporation, in its $8 billion merger with Corporate Capital Trust.
    • AXA in its acquisition of 51% of Mercantil Colpatria’s insurance operations in Colombia for COP 672 billion.
    • Mitsui in its acquisition of an additional 10% limited partnership interest in Penske Truck Leasing from subsidiaries of GE Capital Global Holdings.
    • Risk Strategies, a Kelso & Company portfolio company, in its acquisition of Oxford Risk Management, an established leader in alternative risk and captive insurance and consulting.
    • Ullico, a labor-owned insurance and investment company, in the $1.2 billion cross-border take private acquisition of Student Transportation.
    • Pitney Bowes in the sale of its global production mail business to Platinum Equity.
    • Solenis, a Clayton, Dubilier & Rice portfolio company, in its combination with BASF's paper and water chemicals business.
    • SunSource, a Clayton, Dubilier & Rice portfolio company, in its acquisition of Ryan Herco Flow Solutions, a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada.
    • AIA Group in its AUS$3.8 billion acquisition of CommInsure and Sovereign, the life insurance businesses of the Commonwealth Bank of Australia in Australia and New Zealand, and related 20 year bancassurance agreements.
    • The Carlyle Group in its strategic minority investment in DiscoverOrg, the leading global sales and marketing intelligence platform.
    • Evercore, as financial advisor to CSRA, in its $9.6 billion sale to General Dynamics.
    • Cerberus Capital Management in its acquisition of Cyanco International, the largest global producer of sodium cyanide.
    • Syncora Holdings in a reinsurance agreement with Assured Guaranty to reinsure approximately $13.5 billion of financial guaranty policies, representing 91% of Syncora's outstanding insured exposures.
    • Guggenheim and J.P. Morgan, as financial advisors to Bioverativ, a global biopharmaceutical company, in Bioverativ’s $11.6 billion sale to Sanofi.
    • P2 Capital, alongside Silver Lake, in the $3.5 billion acquisition of Blackhawk, a global financial technology company.
    • TPG Capital and Welsh, Carson, Anderson & Stowe in the $4.1 billion acquisition of Kindred Healthcare.
    • Verizon Communications in its $3.1 billion acquisition of Straight Path Communications, a leading wireless spectrum holder.
    • Westfield in the company’s $24.7 billion sale to Unibail-Rodamco, Europe's largest listed commercial property company.
    • Pacific Life and Aviation Capital Group in the minority investment by Tokyo Century in Aviation Capital Group, a transaction which won the Airline Economics Aviation 100 “2017 Overall Equity Deal of the Year” award.
    • The CF Corporation and The Blackstone Group in the $1.835 billion acquisition of Fidelity & Guaranty Life.
    • Hony Capital in its investment in WeWork Companies, which valued the company at approximately $16 billion.
    • Prudential Financial in its $350 million partnership with LeapFrog Investments, targeting investments in life insurance companies in Africa.
    • Sawai Pharmaceutical in its $1.5 billion acquisition of the generic pharmaceuticals business of Upsher-Smith Laboratories.
    • Schneider Electric in its $900 million divestiture of Telvent DTN, a leader in providing information services, supply chain connectivity tools and decision support solutions to the agricultural, energy and environmental industries, to TBG AG, a private Swiss holding company.
    • Clayton, Dubilier & Rice and Brand Energy and Infrastructure Services in the merger of Brand Energy and Safway Group, forming the leading global industrial service business with over $5 billion in revenue.
    • PVDC, a subsidiary of Barrick and Goldcorp, in a renegotiation of the terms of the Pueblo Viejo Special Lease Agreement with an NPV of $1.5 billion.
    • Allergan in its $2.47 billion acquisition of ZELTIQ, a medical technology company focused on utilizing its proprietary CoolSculpting controlled-cooling technology platform, the sales leader in the fast-growing body contouring segment of medical aesthetics.
    • Clayton, Dubilier & Rice in its $2.3 billion sale of Mauser Group, a leading global supplier of industrial rigid packaging products and reconditioning services, to Stone Canyon Industries.
    • Envision Healthcare in its $15 billion merger with AMSURG, creating one of the largest U.S. providers of specialty physicians and hospital-related services.
    • Lannett in its acquisition for $1.23 billion in cash, plus additional contingent consideration, of Kremers Urban Pharmaceuticals, the U.S. specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB.
    • Activision Blizzard in its $5.9 billion acquisition of King Digital Entertainment.
    • Norilsk Nickel in the $2 billion spin-off of its gold assets and creation of Polyus Gold, a major international gold company with a market capitalisation in excess of $9 billion.
    • The Dolan family, controlling stockholders of Cablevision Systems Corporation, in Cablevision’s $17.7 billion sale to Altice.
    • Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business.
    • Canada Pension Plan Investment Board in its $12 billion acquisition of GE Capital’s sponsor lending business, including Antares Capital, the leading lender to middle market private equity sponsors in the U.S.
    • Morgan Stanley Private Equity in the $600 million sale of Creative Circle, a leading professional staffing firm specializing in advertising, creative and marketing talent, to NYSE-listed On Assignment for a mix of stock and cash consideration.
    • Verizon Communications in the $10.54 billion sale of its local wireline operations in California, Florida and Texas to Frontier Communications.
    • HarbourVest Partners in the secondary acquisition of limited partnership interests in Doughty Hanson & Co Limited Partnerships IV and V, and proposed commitment to Doughty Hanson & Co Limited Partnerships VI, in a stapled transaction.
    • Nestlé in its $1.4 billion acquisition of the aesthetic dermatology business of Valeant Pharmaceuticals.
    • Protective Life in its $5.7 billion merger with a subsidiary of Dai-ichi Life, a life insurance company listed on the Tokyo stock exchange.
    • Arcelor in the $32 billion acquisition by Mittal Steel.
    • TIAA-CREF in its $6.25 billion acquisition of Nuveen Investments.
    • Uralkali in its $8.1 billion merger with Silvinit.
    • Clayton, Dubilier & Rice and US Foods in the $8.2 billion merger of US Foods with Sysco Corporation.
    • The Special Committee of the Board of Directors of Dell in the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
    • Hertz Global Holdings in its $2.3 billion acquisition of Dollar Thrifty Automotive Group.
    • The Carlyle Group in its $3.3 billion acquisition of Getty Images.
    • Access Industries in its $3.3 billion acquisition of Warner Music Group.
    • KazakhGold Group Limited in a reverse takeover of Polyus Gold valued at $10 billion.
    • Bain Capital, The Carlyle Group and Clayton, Dubilier & Rice in their $8.5 billion acquisition of HD Supply from The Home Depot.
    • American International Group in its $6 billion sale of a portion of its controlling stake in AIA Group.
    • General Electric and NBC in their acquisition of Vivendi Universal Entertainment and formation of NBC Universal, a $43 billion broadcast, cable, studio, film and diversified entertainment company owned 20% by Vivendi and 80% by General Electric.
    • Verizon Wireless in its $28.1 billion acquisition of Alltel Corporation.