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Wednesday, 24th April 2024 |
| Nominations for FINANCE Deals of the Year 2007 |
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CORPORATE FINANCE
Houghton Mifflin Holding
Company & Riverdeep Holdings Ltd.
Acquirer: HM Rivergroup PLC
Divestor: Bain Capital LLC;
Blackstone Group LP; and Thomas H. Lee Partners LP
Acquirer adviser: Credit Suisse/Davy
Target adviser: Goldman Sachs
Acquirer legal adviser: Matheson Ormsby Prentice; A&L Goodbody; Arthur Cox
Divestor legal adviser: William Fry
Target legal adviser: Mason Hayes+Curran
Date of completion: 22/12/06
Consideration: circa US$4.6 billion
Eircom
Acquirer: BCM Ireland Holdings Limited
Acquirer Adviser: Davy; JPMorgan Cazenove; Merrion Corporate Finance; Rothschild
Target Adviser: Goodbody Corporate Finance, Morgan Stanley
Acquirer Legal Adviser: Matheson Ormsby Prentice; Mason Hayes+Curran; O'Donnell Sweeney Solicitors; William Fry
Target Legal Adviser: A&L Goodbody; Freshfields Bruckhaus Deringer
Date of Completion: 18/08/06
Consideration: E2.4 billion
London City Airport
Acquirer: Clover Bid Co Ltd
Legal adviser: William Fry
Acquirer legal adviser: Linklaters
Consideration: E1.2 billion
Date of transaction: 11/10/06
BWG Holdings Limited
Target: BWG Holdings Limited
Acquirer: Triode Investments UK Ltd (MBO vehicle owned and controlled by Leo Crawford, John Clohisey and John O'Donnell)
Target Adviser: IBI Corporate Finance
Acquirer Adviser: NCB Corporate Finance
Target legal adviser: A&L Goodbody
Acquirer Legal Adviser: McCann
FitzGerald
Date of Completion: 17/10/06
Consideration: E390 million
Davy
Acquirer: Davy management and staff
Target: Davy
Divestor: Bank of Ireland Group plc
Acquirer adviser: Davy Corporate Finance
Divestor adviser: Goldman Sachs and IBI Corporate Finance
Acquirer legal adviser: William Fry
Divestor legal adviser: Arthur Cox
Date of completion: 31/10/06
Consideration: circa E350 million
Great Southern Hotel Group
Vendor: Dublin Airport Authority plc /Great Southern Hotel Group
Acquirer: Various
Lead adviser: BDO Simpson Xavier Corporate Finance
Legal adviser (s): Arthur Cox,
McCann Fitzgerald
Date of announcement: 08/02/06
Consideration: E270 million
Pinewood Healthcare
Acquirer: Wockhardt Pharmaceutical
Target adviser: Goodbody Corporate Finance
Acquirer legal adviser: Arthur Cox
Target legal adviser: O'Donnell Sweeney
Date of announcement: 10/06
Consideration: E117 million
Conduit Limited
Acquirer: Investcorp SA and INFONXX Inc
Acquirer adviser: Merrion Corporate Finance
Target adviser: IBI Corporate Finance
Acquirer legal adviser: Arthur Cox, Matheson Ormsby Prentice, Kilpatrick Stockton LLP
Target legal adviser: O'Donnell Sweeney
Date of announcement: 27/02/06
Consideration: E90 million
Tayto Crisps Limited
Acquirer: Largo Food Exports Limited
Target adviser: IBI Corporate Finance
Acquirer adviser: NCB Corporate Finance
Target legal adviser: McCann FitzGerald
Acquirer legal adviser: Mason Hayes+Curran
Date of announcement: 07/06
Consideration: E62.3 million
MyHome Limited
Acquirer: The Irish Times
Target adviser: IBI Corporate Finance
Acquirer adviser: NCB Corporate
Legal adviser: McCann Fitzgerald
Date of announcement: 07/06
Consideration: E50 million
Champion Sports
Acquirer: PCP One Limited
Acquirer adviser: NCB Corporate Finance
Target adviser: Key Capital
Acquirer legal adviser: A&L Goodbody
Target legal adviser: Matheson Ormsby Prentice
Date of announcement: 21/09/06
Consideration: E48 million
Easy Access Limited
Acquirer: Siteserv Plc
Target adviser: Grant Thornton
Acquirer legal adviser: Arthur Cox
Target legal adviser: O'Donnell Sweeney Solicitors
Date of completion: 21/12/06
Consideration: E26 million
Holgate Fencing (Ireland) Limited
Acquirer: Siteserv Plc
Acquirer adviser: Boundary Capital
Target adviser: BDO Simpson Xavier Corporate Finance
Acquirer legal adviser: Arthur Cox
Target legal adviser: O'Donnell Sweeney
Date of announcement: 30/11/06
Consideration: E19 million
Mentec
Acquirer: Calyx Group plc
Acquirer adviser: BDO
Target adviser: KPMG
Acquirer legal adviser: Arthur Cox
Target legal adviser: LK Shields
Date of annoucnment: 12/06
Consideration: E16 million
Precision Software Limited
Acquirer: QAD Inc.
Target adviser: Grant Thornton Corporate Finance
Acquirer legal adviser: A&L Goodbody
Target legal adviser: Dillon Eustace
Date of announcement: 20/09/06
Consideration: $14.5 million
The People Group Limited
Acquirer: Newcourt Group Plc.
Target adviser: Grant Thornton Corporate Finance
Acquirer legal adviser: A&L Goodbody
Target legal adviser: Crowley Miller
Date of announcement: 03/06
Consideration: E7.7 million
Bruce Shaw Facilities Management Limited
Acquirer: Newcourt Group Plc
Vendor adviser: BDO Simpson Xavier Corporate Finance
Vendor legal adviser: A&L Goodbody
Acquirer legal adviser: BCM Hanby Wallace
Date of announcement: 27/04/06
Consideration: E4.75 million
Statoil Limited
Acquirer: Topaz Energy Group
Target: Statoil Limited
Acquirer adviser: Deloitte
Legal adviser: McCann Fitzgerald
Consideration: Undisclosed
Frazer Estates Limited
Acquirer: Taggart Holdings
Acquirer adviser: KPMG
Target adviser: Moore Stephens
Acquirer legal adviser: Tughans
Target legal adviser: Mills Selig
Date of annoucnment: 06/06
Consideration: Undisclosed
Medicom Medical Computer
Solutions Limited
Acquirer: Systems Solutions Limited
Acquirer adviser: KPMG
Acquirer legal adviser: William Fry
Target legal adviser: A&L Goodbody
Date of annoucnment: 01/07
Consideration: Undisclosed
Reox Holdings plc
Acquirer: The shareholders of Dairygold Co-Operative
Vendor adviser: Goodbody Corporate Finance
Legal adviser: Arthur Cox
Date of announcement: 27/04/06
Consideration: Undisclosed
Weyerhaeuser Europe Limited
Acquirer: Coillte Teoranta
Adviser: AIB Corporate Finance
Legal adviser: McCann Fitzgerald
Date of announcement: 21/08/06
Consideration: Undisclosed
BANK FUNDING
Ulster Bank Ireland Limited
Type of issue: ECP
Legal adviser (s): A&L Goodbody; Clifford Chance
Value of transaction: $6.5 billion
Date of transaction: 10/11/06
IIB Bank plc
Type of issue: ECP
Legal adviser (s): A&L Goodbody
Value of transaction: $4.5 billion
Date of transaction: 28/11/06
Irish Nationwide Building Society
Type of issue: EMTN programme
Legal adviser (s): McCann Fitzgerald
Value of transaction: E3.1 billion (approx.)
Date of transaction: throughout 2006
Sanpaolo Imi Bank Ireland Plc
Managers: Banca IMI, Merrill Lynch, Societe Generale, Dexia Capital Markets
Value of transaction: E4,381.9 million
Date of transaction: 18/10/06
Ulster Bank Finance Plc
Legal adviser (s): A&L Goodbody,
Allen & Overy
Value of transaction: $1.94 billion in floating rate notes
Date of transaction: 27/03/06
AIB Mortgage Bank
Legal adviser: McCann Fitzgerald (AIB); Arthur Cox
Managers: Barclays Capital Group, Deutsche Bank AG, Morgan Stanley, AIB
Capital Markets, Citigroup, DZ Bank, HypoVereinsbank AG, Landesbank Baden-Wurttemberg, UBS Investment Bank
Maturity: 2009
Value of transaction: E4,190.6 million
Date of transaction: 29/03/2006
Depfa ACS Bank
Legal adviser(s): McCann Fitzgerald, Clifford Chance, Sidley Austin
Arranger (s): Barclays Capital, BNP Paribas and Dresdner Kleinwort
Value of transaction: Two US$1bn issues, two E2bn issues
Date of transaction: Various dates throughout 2006
Ulster Bank
Issuer/borrower: Celtic Residential Irish Mortgage Securitisation No. 11 plc
Value of transaction: E3.85 billion
Legal adviser (s): McCann Fitzgerald, Allen and Overy
Arranger(s): Royal Bank of Scotland
Listing agent: McCann FitzGerald Listing Services Limited
Date of transaction: 12/12/06
Irish Life & Permanent RMBS
Value of transaction:$2.8 billion
Legal adviser (s): A&L Goodbody; Weil Gotschal & Manges
Date of transaction: 27/06/06
EBS Building Society
Issuer/borrower: Emerald Mortgages
No.4 plc
Value of transaction: E1.5 billion
Legal adviser: Arthur Cox
Arranger(s): UBS, Barclays
Date of transaction: 05/07/06
Depfa Bank
Issuer/borrower: Depfa Bank plc
(synthetic securitisation of a portfolio of government and public sector bonds)
Value of transaction: $1.3 billion
Legal adviser (s): A&L Goodbody, Linklaters
Start Mortgages Limited
Value of transaction: E376 mn (Apr.) and E525 mn (Dec.)
Arranger(s): Barclays Capital
Legal adviser: Matheson Ormbsy Prentice, McCann Fitzgerald
Date of transaction: 04/06 and 12/06
UniCredito Italiano Bank (Ireland) p.l.c
Legal adviser: McCann Fitzgerald
Placement agents: Merrill Lynch, Goldman Sachs
Co-Managers: HVB, UBM - UniCredit Banca Mobiliare
Maturity: 2009
Value of transaction: $2 billion Extendible Floating Rate Notes.
Date of transaction: 02/06
PROJECT FINANCE
Gort Windfarm (subsidiary of ESB)
Value of transaction: 59.5MW
Legal adviser (s): A&L Goodbody
Arranger (s): Ulster Bank/RBS/Calyon
Date of transaction: 24/02/06
Edenderry Power Plant
Acquirer: Bord na Mona
Acquirer adviser: Ernst & Young
Date of announcement: 07/12/06
Consideration: E80 m
Limerick Tunnel
Issuer/borrower: The DirectRoute Consortium (Sisk, Roadbridge, Lagan and Strabag)
Procurer: National Roads Authority
Value of transaction: $396.2 million
Legal adviser (s): A&L Goodbody, McCann FitzGerald (NRA), Linklaters, Clifford Chance
Date of transaction: 08/06
INTERNATIONAL DEALS
AerCap
Value of transaction: US$1 billion warehouse facility
Legal adviser (s): McCann Fitzgerald, A&L Goodbody
Collateral agent: Deutsche Bank
Financed by: UBS
Date of transaction: 04/06
Mecom Group Plc
Legal adviser (s): Clifford Chance
Arranger (s): Bank of Ireland, CIBC World Markets, Soci?t? G?n?rale
Value of transaction (EUR m): E930m equivalent
Date of transaction: 11/10/06
Fortress Investment Group, Aircastle Limited
Value of transaction: $560 million
Legal adviser (s): A&L Goodbody; McCann Fitzgerald
Date of transaction: 15/06/06
CORPORATE ISSUANCE
HM Rivergroup
Issuer/borrower: HM Rivergroup
Value of transaction: E2.586 billion
Financing: Deal was funded with borrowings of $1,820.0 million under senior secured credit facilities, $1,070.0 million under a senior subordinated bridge facility, $355.0 million under a senior unsecured PIK term loan facility, $400.0 million under a new senior unsecured PIK term loan facility and the cash equity contributions made by various private equity investors
Legal adviser (s): A&L Goodbody, Mason Hayes & Curran, Matheson Ormsby Prentice
Arranger (s): Credit Suisse, Goldman Sachs, Davy
Date of transaction: 29/11/06
Cadbury Schweppes European Beverages
Value of transaction: E1.85 billion
Legal adviser (s): McCann Fitzgerald
Arranger (s): JP Morgan, Bank of America, Citigroup
Date of transaction: 03/06
Aer Lingus Group plc IPO
Sponsors: AIB Corporate Finance, UBS Financial advisers: AIB Capital Markets, UBS, Goldman Sachs International, Merrion Capital Group
Legal adviser (s): Arthur Cox, McCann Fitzgerald,William Fry
Date of transaction: 02/10/06
Market capitalisation on admission: E1.16 billion
Offer size: E740 million
Elan
Issuer/borrower: Elan Corporation, plc
Value of transaction: $615 million
Legal adviser (s): A&L Goodbody,
Arthur Cox
Arranger (s): Goldman Sachs
Initial Purchasers: Goldman Sachs, Morgan Stanley & Co and J&E Davy
Date of transaction: 22/11/06
Setanta Sports
Issuer: Setanta Sport Holdings Limited
Investors: Goldman Sachs, Doughty Hanson, Montrica Investment Management LLP and others
Legal advisor: McCann Fitzgerald, Matheson Ormbsy Prentice
Date of announcement: 12/06
Value of transaction: E315 million
Quinn Group plc
Legal adviser (s): A&L Goodbody, Clifford Chance and Morrison and Forrester, LLP
Arranger (s): Barclays Capital
Value of transaction: $200 million
Date of transaction: 20/04/06
National Toll Roads plc
Financial advisor/broker: Davy
Value of transaction: E170 million
Date of transaction: 08/06
Bord na M?na p.l.c. (BNM)
Arranger/Agent: Ulster Bank/Royal Bank of Scotland
Maturity: 2013/16/18
Value of transaction: $150 million
Date of completion: 06/06
Norkom plc
Issuer: Norkom plc
Purpose of deal: Listing on Dublin's IEX and London's AIM
Financial advisor: Goodbody Stockbrokers, Ernst & Young
Legal advisor: William Fry
Date of announcement: 26/06/06 - admitted to AIM
Value of transaction: Sold shares worth E21 million
Market capitalisation: E100 million
AGI Therapeutics
Issuer: AGI Therapeutics
Purpose of deal: Listing on London's AIM and the ISE's IEX market
Placing agent: Davy
Legal advisor: McCann Fitzgerald
Date of announcement: 27/02/06
Value of transaction: Raised E42.5 million
Market capitalisation: E84.9 million
Waterford Wedgwood
Issuer: Waterford Wedgwood
Purpose of deal: Open offer
Underwriter: Davy
Legal advisor: McCann Fitzgerald
Date of announcement: 12/06/06
Value of transaction: E60 million
Zamano plc
Issuer: Zamano plc
Purpose of deal: Listing on London's AIM
Financial advisor: Seymour Pierce, Ernst & Young
Legal advisor: O'Donnell Sweeney
Date of announcement: 31/10/06 - admitted to AIM
Value of transaction: Raised E6 million
PRIVATE CLIENTS
Airtricity Holdings Limited (Airtricity)
Purpose of deal: Primary issue and secondary placement for the renewable energy company
Shareholder legal advisers: Arthur Cox, A&L Goodbody
Arrangers: NCB/CSFB
Value of Transaction: E385m - E310m primary issue and E75m secondary placement
Date of Transaction: 06/06
CapVest Equity Partners II Limited Partnership
Purpose of deal: Equity investments in a diversified portfolio of established businesses in the United Kingdom and Europe
Arranger(s): NCB Stockbrokers
Value of Transaction: E40m of a E250 million European fundraising
Date of Transaction: 07/06
The GSB Northern Ireland Plc
Purpose of deal: GSB Northern Ireland Plc was set up in February 2006 to invest in property opportunities in Northern Ireland.
Legal adviser (s): McCann Fitzgerald
Arranger (s): Goodbody Stockbrokers
Value of transaction: ?100 million/E145 million
Date of transaction: 05/06
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Ashton Arcades Shopping Centre, Manchester, UK.
Value of transaction: ?100 million / E145 million
Legal adviser (s): McCann Fitzgerald
Arranger (s): Goodbody Stockbrokers and AIB Investment Managers
Date of transaction: 12/06
Eircom Headquarters, Dublin
Legal adviser (s): HT Meagher O'Reilly
Arranger (s): Quinlan Private
Value of transaction: E190 million
Date of transaction: 12/06
Neuer Wall 52
Purpose of deal: Hamburg's Neuer Wall 52, a property in Hamburg's premier high street retail district
Divestor: RIPA, a Hamburg-based property developer.
Arranger (s): Davy Private Clients
Value of transaction: E28 million
IFC Seoul, South Korea
Arranger: Bank of Ireland Private Banking
Value of transaction: E50 million
Date of transaction: 06/10/06
South Wharf
Acquirer: Becbay (consortium of Bernard McNamara, Derek Quinlan, Dublin Docklands Development Authority)
Target: South Wharf plc
(25 acre site in Ringsend, Dublin 4)
Financial adviser: Davy
Legal adviser (s): A&L Goodbody,
William Fry
Value of transaction: E411 million
Date of transaction: 11/06 |
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| Article appeared in the March 2007 issue.
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