Transactions
& Case Studies

NBTY, Inc.’s acquisition of Leiner Health Products

Date Announced:
6/9/2008

client:
NBTY, Inc.

Status:
Closed – 7/2008

Value:
$371 million

WCI Steel, Inc.’s sale to Severstal

Date Announced:
5/15/2008

client:
WCI Steel, Inc.

Status:
Closed – 7/2008

Value:
$389 million

The Finish Line, Inc.’s acquisition of Genesco

Date Announced:
3/3/2008

client:
The Finish Line, Inc.

Status:
Successful Termination

Value:
$1.5 billion

Entravision Communications Corporation’s sale of outdoor advertising operations to Lamar Advertising Company

Date Announced:
2/27/2008

client:
Entravision Communications Corporation

Status:
Closed – 5/2008

Value:
$100 million

Westwood One, Inc.’s equity investment from The Gores Group

Date Announced:
2/24/2008

client:
Strategic Review Committee of Westwood One, Inc.

Status:
Closed – 2/2008

Value:
$100 million

Yahoo! Inc.'s unsolicited proposal from Microsoft Corporation

Date Announced:
1/31/2008

client:
Yahoo! Inc.

Status:
Withdrawn

Value:
$44.6 billion

Cannery Casino Resorts non-participating convertible preferred investment by Crown Limited

Date Announced:
12/11/2007

client:
Cannery Casino Resorts

Status:
Closed – 4/2009

Value:
$320 million

New Vision Television, Inc.’s acquisition of television stations owned by Montecito Broadcast Group, an affiliate of The Blackstone Group

Date Announced:
7/22/2007

client:
New Vision Television, Inc.

Status:
Closed – 11/2007

Value:
$300 million

Hilton Hotels Corporation’s sale to The Blackstone Group

Date Announced:
7/2/2007

client:
Hilton Hotels Corporation

Status:
Closed – 10/2007

Value:
$26.5 billion Read the case study

Financial advisor to Hilton Hotels on its $26.5 billion sale to Blackstone

On October 24, 2007, the real estate and corporate private equity funds of The Blackstone Group (“Blackstone,” NYSE: BX), a leading global alternative asset manager and provider of financial advisory services, acquired Hilton Hotels Corp. (“Hilton,” NYSE: HLT), the leading global hospitality company with more than 2,800 hotels and 480,000 rooms in 76 countries and territories, in the largest deal ever in the hotel sector. The acquisition was made at $47.50 per share in cash, representing a 40% premium to Hilton’s share price on the day prior to announcement. The acquisition brought together a leading global hospitality company with Blackstone’s extensive portfolio of hotels and resorts and is ranked among the top 10 largest U.S. leveraged buyouts ever. Moelis & Company acted as financial advisor to Hilton.

Transactions &
Case Studies


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