Recent M&A Transactions

• Telia Company AB on the separate sales of its:

  • 100% interest in the Uzbek mobile operator Ucell to the State Committee of the Republic of Uzbekistan for Assistance to Privatized Enterprises and Development of Competition for $215 million on a debt-free basis

  • 60.4% interest in the Nepalese mobile operator Ncell to Axiata Group for $1.03 billion; and

  • 60% interest in the Tajik mobile operator Tcell to the Aga Khan Fund for Economic Development S.A.

• Delonex Energy Limited in connection with its entry into a consortium with Vitol Investment Partnership II Ltd. and Africa Oil Corp to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. (“POGBV”) for $1.407 billion

• Reliance Industries Limited on its acquisition of wireless infrastructure assets from Reliance Communications

• A private equity portfolio company on the sale of its operations in a Latin American jurisdiction
• Tele2 AB on its $2.4 billion sale of its Russian operations to VTB Group
• DONG Energy in connection with an equity capital injection from Goldman Sachs and other investors
• Delonex Energy Limited in connection with a $600 million investment from an investment group led by an affiliate of Warburg Pincus LLC
• EQT on its 12.8 billion Danish kroner ($2.2 billion) sale of Dako, a Danish healthcare equipment manufacturer, to Agilent Technologies
• Novo Nordisk on strategic transactions including numerous licensing transactions and asset acquisitions in the United States
• A leading global hedge fund on the sale of one of its European assets
• Morgan Stanley:
  • in connection with its participation in a consortium acquiring HSBC Rail
  • on the $2.5 billion sale of its aircraft leasing business to Terra Firma
• Royal Caribbean on its acquisition of Pullmantur, a Madrid-based cruise and tour operator, for €430 million in cash and the assumption of €270 million of net debt
• Julius Baer on its CHF 5.6 billion acquisition of three private banks and an asset manager from a leading global bank
• A U.S. private equity fund on its investment in a European communications company
• Yahoo! on its investment in and exit from Sonera Zed

Recent High-Yield, Credit, Restructuring and Other Capital Markets Transactions

• Netcompany on its DKK 7.75 billion ($1.2 billion) IPO and NASDAQ Copenhagen listing 
• Reliance Industries on several Yankee bond offerings, a senior perpetual bond offering, a Formosa bond offering and a consent solicitation in respect of three series of Yankee bonds 

• The lead arrangers and initial purchasers of a TLB, TLA and high-yield notes offering for Inovyn Finance plc
• ODIGEO Group on three high-yield notes offerings, its IPO, a consent solicitation in respect of two series of high-yield notes and a cash tender offer for one series of high-yield notes
• Technicolor on its comprehensive balance sheet restructuring, several term loan facilities and working capital facilities and repricings and other liability management transactions
• Ocado Group on a consent solicitation in respect of high-yield notes
• The initial purchasers on:
  • a high-yield notes offering by Worldpay Finance plc
  • four high-yield notes offerings by Abengoa
  • on the debut high-yield notes offering for Abengoa Yield
• ISS A/S on several concurrent tender offers for, and partial redemptions of, high-yield notes
• Codere on five high-yield notes offerings, entry into, and amendments and extensions to, its senior credit facilities and its IPO
• Leading hedge fund and private equity fund jointly in connection with a $300 million recapitalization of a portfolio company with operations in Latin America by way of the issuance of convertible senior notes and subsequent consent solicitations and tender offers for such notes
• A leading global hedge fund on its approximately $100 million credit facility
• UBM on a Yankee bond offering and a rights issue
• Cairn India on an equity private placement
• The issuers and underwriters on numerous Spanish IPOs