Transactions
& Case Studies

Excel Polymers LLC’s sale to HEXPOL AB

Date Announced:
10/17/2010

client:
Excel Polymers LLC

Status:
Closed – 11/2010

Value:
$213 million

Energizer Holdings, Inc.’s acquisition of substantially all of the assets of American Safety Razor Co. in a Chapter 11 363 Sale

Date Announced:
10/7/2010

client:
Energizer Holdings, Inc.

Status:
Closed – 10/2010

Value:
$301 million

J.P. Morgan’s provision of subordinated funding to the Meridien Retirement Living business

Date Announced:
9/30/2010

client:
J.P. Morgan

Status:
Closed – 10/2010

Value:
A$95 million

TRI Pointe Homes, LLC’s private equity placement

Date Announced:
9/23/2010

client:
TRI Pointe Homes, LLC

Status:
Closed – 9/2010

Value:
$150 million Read the case study

Exclusive financial advisor to TRI Pointe Homes on its $150 million private equity placement

On September 24, 2010, TRI Pointe Homes, a California homebuilder founded in April 2009, agreed to issue $150 million in a private placement of common equity, one of the largest equity investments in the homebuilding industry. TRI Pointe Homes has used the capital to fund growth in its operations in Southern and Northern California, aiming to become one of the largest regional builders over the next five years. Moelis & Company acted as exclusive financial advisor to TRI Pointe Homes.

Sam Houston Race Park’s sale of 50% of joint venture interest to Penn National Gaming, Inc.

Date Announced:
9/21/2010

client:
Sam Houston Race Park

Status:
Closed – 4/2011

Value:
Undisclosed

Almatis GmbH’s Chapter 11 Reorganization

Date Announced:
9/19/2010

client:
Almatis GmbH

Status:
Closed – 9/2010

Value:
$1.0 billion

The Student Loan Corporation’s sale to Discover Financial Services and associated asset sales to SLM Corporation and Citibank, N.A.

Date Announced:
9/16/2010

client:
Special Transaction Committee of the Board of Directors of The Student Loan Corporation

Status:
Closed – 12/2010

Value:
$42.0 billion Read the case study

Financial advisor to the Special Transaction Committee of the Board of Directors of The Student Loan Corporation on the company’s sale to Discover and $42.0 billion of associated asset sales to Sallie Mae and Citi

On December 31, 2010, The Student Loan Corporation (“SLC,” NYSE: STU), a leading originator and servicer of student loans, and Citibank N.A. completed a series of transactions that allowed Citi to exit the student loan business and continue its strategic reduction of assets held in Citi Holdings. The transaction was structured in three parts including an agreement to sell SLC’s operating business and $4.0 billion in student loans to Discover Financial Services (NYSE: DSF). Separately, SLM Corporation (“Sallie Mae,” NYSE: SLM) agreed to acquire $28.0 billion of securitized federal student loans and related assets while Citi agreed to acquire $8.7 billion in federal and private student loans. Public shareholders of SLC were entitled to receive $30 per share, a 42% premium to SLC’s closing price on the last trading day prior to announcement. Moelis & Company acted as financial advisor to the Special Transaction Committee of SLC’s Board of Directors and issued a number of fairness opinions.

Gateway Casinos & Entertainment’s recapitalization

Date Announced:
9/15/2010

client:
Gateway Casinos & Entertainment

Status:
Closed – 9/2010

Value:
$1.2 billion

Van Houtte Inc.’s sale from an affiliate of Littlejohn & Co., LLC to Green Mountain Coffee Roasters, Inc.

Date Announced:
9/13/2010

client:
Littlejohn & Co., LLC and Van Houtte Inc.

Status:
Closed – 12/2010

Value:
C$915 million

VMG Partners and Waggin' Train LLC’s sale of Waggin' Train LLC to Nestlé Purina PetCare Company

Date Announced:
9/9/2010

client:
VMG Partners and Waggin' Train LLC

Status:
Closed – 9/2010

Value:
Undisclosed

Univar and CVC Capital Partners' sale of a 42.5% ownership interest in Univar to Clayton, Dubilier & Rice

Date Announced:
9/1/2010

client:
Univar and CVC Capital Partners

Status:
Closed – 11/2010

Value:
Undisclosed

Istithmar World’s restructuring and sale of the W New York – Union Square

Date Announced:
9/1/2010

client:
Istithmar World

Status:
Closed – 9/2010

Value:
$232 million

ING Industrial Fund’s divestiture of 50% interest in ING Summit Industrial Fund

Date Announced:
8/26/2010

client:
Independent Directors of ING Industrial Fund

Status:
Closed – 10/2010

Value:
C$1.01 billion

Air Medical Group Holdings' sale to Bain Capital LLC

Date Announced:
8/25/2010

client:
Air Medical Group Holdings

Status:
Closed – 10/2010

Value:
Undisclosed

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

Date Announced:
8/16/2010

client:
Life Technologies Corporation

Status:
Closed – 10/2010

Value:
$375 million

Transactions &
Case Studies


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