Transactions

Gladedale Group Holdings Limited’s refinancing

Date Announced:
06/29/2012

client:
Gladedale Group Holdings Limited

Status:
Closed – 06/2012

Value:
£450 million

Cinram International Income Fund’s sale to Najafi Companies

Date Announced:
06/25/2012

client:
Cinram International Income Fund

Status:
Closed – 01/2013

Value:
Undisclosed

Klöckner Pentaplast’s restructuring

Date Announced:
06/22/2012

client:
Coordinating Committee of First Lien Lenders of Klöckner Pentaplast

Status:
Closed – 06/2012

Value:
€1.3 billion

London Metal Exchange’s sale to Hong Kong Exchanges and Clearing Limited

Date Announced:
06/15/2012

client:
London Metal Exchange

Status:
Closed – 12/2012

Value:
£1.4 billion Read the case study

Exclusive Financial Advisor to the London Metal Exchange on its £1.4 billion sale to Hong Kong Exchanges and Clearing Limited

On June 15, 2012, the board of the London Metal Exchange (“LME”) announced that it had agreed to recommend a cash offer of £1.4 billion for the entire issued and outstanding ordinary share capital of the LME by Hong Kong Exchanges and Clearing Limited (“HKEx”). The transaction brings together the LME, the world’s leading non-ferrous base metals trading venue, and HKEx, the world’s largest exchange group by market capitalization and the leading operator of exchanges and clearing houses in Asia. The sale to HKEx preserves the features of the LME’s unique business model and significantly accelerates the LME’s access to China. Moelis & Company acted as exclusive financial advisor to the LME. This landmark transaction, involving one of the most iconic exchanges in the world, represents Moelis & Company’s ability to conduct a highly competitive and complex international sale process while balancing financial and non-financial transaction aspects to achieve an exceptional outcome for our client. The transaction successfully closed in December 2012.

DIFC Investments LLC’s sukuk refinancing

Date Announced:
06/13/2012

client:
DIFC Investments LLC

Status:
Closed – 06/2012

Value:
$1.3 billion

eircom Group’s restructuring

Date Announced:
06/11/2012

client:
Second Lien Creditors Committee of eircom Group

Status:
Closed – 06/2012

Value:
€4.1 billion

Retire Australia’s capital raise

Date Announced:
06/08/2012

client:
Retire Australia

Status:
Closed – 06/2012

Value:
A$143 million

Savers, Inc.’s recapitalization by Tom Ellison, Leonard Green & Partners and TPG Capital

Date Announced:
06/07/2012

client:
Savers, Inc.

Status:
Closed – 07/2012

Value:
Undisclosed

Thomas H. Lee Partners’s acquisition of majority interest in Party City Holdings Inc.

Date Announced:
06/05/2012

client:
Thomas H. Lee Partners

Status:
Closed – 06/2012

Value:
$2.7 billion

ValueAct Capital’s sale of interest in Misys plc to Vista Equity Partners

Date Announced:
06/01/2012

client:
ValueAct Capital

Status:
Closed – 06/2012

Value:
$400 million

Hughes Telematics, Inc.’s sale to Verizon Communications, Inc.

Date Announced:
06/01/2012

client:
Hughes Telematics, Inc.

Status:
Closed – 07/2012

Value:
$718 million

Lighting Science Group Corporation’s equity private placement

Date Announced:
05/29/2012

client:
Lighting Science Group Corporation

Status:
Closed – 05/2012

Value:
$140 million

Cellular South, Inc.’s exchange of wireless spectrum licenses with T-Mobile USA, Inc.

Date Announced:
05/22/2012

client:
Cellular South, Inc.

Status:
Closed – 09/2012

Value:
Undisclosed

NEXTDC Limited’s A$51 million placement

Date Announced:
05/21/2012

client:
NEXTDC Limited

Status:
Closed – 05/2012

Value:
A$51 million

General Maritime Corporation’s Chapter 11 Reorganization

Date Announced:
05/17/2012

client:
General Maritime Corporation

Status:
Closed – 05/2012

Value:
$1.5 billion Read the case study

Financial advisor to General Maritime Corporation on its $1.5 billion Chapter 11 Reorganization

On May 17, 2012, General Maritime Corporation (“General Maritime”), a leading crude and products tanker company, successfully emerged from Chapter 11 Bankruptcy. The consensual reorganization among debtors, creditors and plan sponsor significantly strengthened the company’s balance sheet and enhanced its strategic flexibility. General Maritime filed for Chapter 11 protection on November 17, 2011, after securing a lock-up with over 2/3 of its senior secured first lien lenders and plan sponsor on the terms of a comprehensive financial restructuring. As a result, the debtors were able to expeditiously engage with the remaining key creditors to secure a global settlement allowing for an exit from Chapter 11 within six months. As part of the plan of reorganization, General Maritime reduced its debt burden by approximately $600 million and received a $175 million new equity investment from the plan sponsor. Moelis & Company acted as financial advisor to General Maritime on the expeditious six-month Chapter 11 process, which minimized operational disruption and represented the largest Chapter 11 Bankruptcy restructuring in the shipping industry in 2012. Additionally, General Maritime is the first major global shipping operator to successfully attract new capital and emerge from Chapter 11 with a significantly deleveraged capital structure.

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