Transactions
& Case Studies

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

NextWave Wireless, Inc.’s sale of remaining equity interest in PacketVideo Corporation to NTT DOCOMO, INC.

Date Announced:
7/31/2010

client:
NextWave Wireless, Inc.

Status:
Closed – 10/2010

Value:
$173 million

Neenah Enterprises, Inc.’s Chapter 11 Reorganization

Date Announced:
7/28/2010

client:
Ad Hoc Group of Senior Secured Noteholders of Neenah Enterprises, Inc.

Status:
Closed – 7/2010

Value:
$380 million

Entravision Communications Corporation’s senior secured notes offering

Date Announced:
7/26/2010

client:
Entravision Communications Corporation

Status:
Closed – 7/2010

Value:
$400 million

Air Lease Corporation’s common stock and 144A equity offering

Date Announced:
7/12/2010

client:
Air Lease Corporation

Status:
Closed – 7/2010

Value:
$1.3 billion Read the case study

Financial Advisor to Air Lease Corporation on its $1.3 billion equity capital raise

On July 13, 2010, Air Lease Corporation (“ALC”), a new aircraft leasing company launched by aviation industry pioneer Steven F. Udvar-Hazy and longtime aviation executive John L. Plueger, closed its approximately $1.3 billion equity capital raise, including an approximately $1 billion Regulation 144A private placement. ALC also secured approximately $2 billion of committed debt financing including a $1.5 billion warehouse credit facility, bringing total initial capital availability at closing to approximately $3.3 billion in less than six months after opening in Los Angeles. These transactions represented one of the largest Regulation 144A equity private placements ever completed as well as the largest ever first-time warehouse credit facility of its type. Moelis & Company acted as financial advisor to ALC.

Transactions &
Case Studies


Download CSV