Transactions
& Case Studies

Ascent Media Corporation’s sale to Encompass Digital Media Inc. and Deluxe Entertainment Services Group, Inc.

Date Announced:
12/2/2010

client:
Ascent Media Corporation and its Board of Directors

Status:
Closed – 2/2011

Value:
$190 million

Affinity Group, Inc.’s senior secured notes offering

Date Announced:
11/29/2010

client:
Affinity Group, Inc.

Status:
Closed – 11/2010

Value:
$333 million

Coty Inc.’s acquisition of OPI Products, Inc.

Date Announced:
11/28/2010

client:
Coty Inc.

Status:
Closed – 12/2010

Value:
Undisclosed

CPI International, Inc.’s sale to Veritas Capital

Date Announced:
11/25/2010

client:
Special Committee of the Board of Directors of CPI International, Inc.

Status:
Closed – 2/2011

Value:
$525 million

Radio One, Inc.’s exchange offer

Date Announced:
11/23/2010

client:
Ad Hoc Group of Noteholders of Radio One, Inc.

Status:
Closed – 11/2010

Value:
$296 million

Aeroflex Holding Corp.’s initial public offering

Date Announced:
11/23/2010

client:
Aeroflex Holding Corp.

Status:
Closed – 11/2010

Value:
$267 million

Penhall Company’s recapitalization

Date Announced:
11/18/2010

client:
Centerbridge Partners L.P.

Status:
Closed – 11/2010

Value:
$291 million

Chemtura Corporation’s Chapter 11 Reorganization

Date Announced:
11/9/2010

client:
Ad Hoc Committee of Bondholders of Chemtura Corporation

Status:
Closed – 11/2010

Value:
$2.7 billion Read the case study

Financial advisor to the Ad Hoc Committee of Bondholders of Chemtura Corporation on its $2.7 billion Chapter 11 Reorganization

On November 10, 2010, Chemtura Corporation (“Chemtura,” NYSE: CHMT), a global manufacturer of specialty chemicals, successfully emerged from Chapter 11 bankruptcy with indebtedness reduced from $1.3 billion prepetition to $750 million post-emergence. The court confirmed a Plan of Reorganization which resulted in bondholders receiving a 100% recovery, including post-petition interest and Make-Whole/No-Call damage claims, through the issuance of cash and 95% of the reorganized company’s equity to all unsecured creditors. The Plan of Reorganization was the result of intensive negotiations with the Debtors and was confirmed over the strong objection of certain other stakeholders in a highly litigated confirmation hearing. Moelis & Company represented the Ad Hoc Committee of Bondholders, which collectively owned an overwhelming majority of the unsecured bonds.

Ares Life Sciences’s acquisition of 73.2% stake in Stallergenes S.A.

Date Announced:
11/9/2010

client:
Ares Life Sciences

Status:
Closed – 11/2010

Value:
€794 million

Renal Advantage Inc.’s combination with Liberty Dialysis

Date Announced:
11/3/2010

client:
Renal Advantage Inc.

Status:
Closed – 12/2010

Value:
Undisclosed

Smile Brands Group Inc. and Freeman Spogli & Co.’s sale of majority position in Smile Brands Group Inc. to Welsh, Carson, Anderson & Stowe

Date Announced:
11/2/2010

client:
Smile Brands Group Inc. and Freeman Spogli & Co.

Status:
Closed – 12/2010

Value:
Undisclosed

Quality Distribution, Inc.’s senior secured notes offering

Date Announced:
10/31/2010

client:
Quality Distribution, Inc.

Status:
Closed – 11/2010

Value:
$225 million

Henniges Automotive Holdings, Inc.’s sale to Littlejohn & Co. LLC

Date Announced:
10/27/2010

client:
Wynnchurch Capital Ltd. and Henniges Automotive Holdings, Inc.

Status:
Closed – 11/2010

Value:
Undisclosed

General Growth Properties, Inc’s Chapter 11 Reorganization

Date Announced:
10/20/2010

client:
Ad Hoc Committee of Exchangeable Senior Noteholders of General Growth Properties, Inc

Status:
Closed – 11/2010

Value:
$27.3 billion

Comstock Mining Inc.’s debt for equity exchange and equity offering

Date Announced:
10/19/2010

client:
Comstock Mining Inc.

Status:
Closed – 10/2010

Value:
$29 million Debt for Equity Exchange; $36 million Equity Offering

Transactions &
Case Studies


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