Selected special committee representations include the following:
The special committee of the board of directors of GWG Holdings, Inc. in the sale by two of GWG’s executive officers of their equity ownership in GWG for $25 million in cash and equity ownership in a newly created entity.
The special committee of board of directors of Penske Automotive Group, Inc. in its $239 million acquisition from subsidiaries of GE Capital Global Holdings, LLC of a 5.5% ownership interest in Penske Truck Leasing Co., L.P.
The Special Committee of the Board of Directors of Constellation Healthcare Technologies in its sale for approximately $309 million to CC Capital.
The special committee of the board of directors of Apple REIT Ten, Inc. in its $1.3 billion sale to Apple Hospitality REIT, Inc.
The special committee of the board of directors of Penske Automotive Group, Inc. in its $499 million acquisition from subsidiaries of GE Capital Global Holdings, LLC of a 14.4% ownership interest in Penske Truck Leasing Co., L.P.
The Conflicts Committee of the general partner of Spectra Energy Partners in connection with its $1.5 billion sale of two natural gas liquids pipelines to Spectra Energy Corp.
One of the Trustees of a charitable trust that is the largest shareholder of Cargill in Cargill's publicly announced $25 billion transaction that would result in the distribution of Cargill's 64% ownership stake in The Mosaic Company to Cargill's shareholders and debt holders.
The Special Committee of the Board of Directors of WPCS as it evaluated strategic alternatives that culminated in a litigated asset sale.
The Special Committee of the board of directors of Mainline Management in responding to an unsolicited bid of approximately $188 million by ArcLight and Kelso for the minority public equity interests that they did not already own.
Selected M&A representations include the following:
Teledyne Technologies Incorporated, a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems, in its $8 billion acquisition of FLIR Systems Inc., a leading industrial technology company focused on intelligent sensing solutions for defense and industrial applications.
Essentra PLC (LSE: ESNT), a global provider of specialty fiber and plastic products, in (1) its $65 million acquisition of 3C! Packaging Inc., a leading designer and manufacturer of custom folding cartons, printed literature, foil and flexible packaging and labels for the pharmaceuticals and healthcare sectors; (2) the $77 million divestiture of its Specialty Tapes business, Duraco Specialty Tapes LLC, to certain units of OpenGate Capital, a global private equity firm; and (3) the sale of its Pipe Protection Technologies business to National Oilwell Varco for approximately $48 million.
Dominion Energy Inc. in its acquisition of SCANA Corp. for $13.4 billion.
American Woodmark Corporation in its acquisition of RSI Home Products Inc. for approximately $1.08 billion.
Stanley Furniture in the sale of substantially all of its assets to Churchill Downs LLC for approximately $16.25 million.
Clondalkin, an international producer of packaging products and a portfolio company of Egeria (a European private equity fund), in the sale of Vaassen, Inc. to ProAmpac, a leading global flexible packaging company, and a portfolio company of Pritzker Group Private Capital.
Badger Sportswear in its sale to CCMP.
ExlService Holdings in its purchase of RPM Direct and RPM Data Solutions for approximately $74 million.
Tesoro Logistics LP in its $2.5 billion acquisition of QEP Resources Inc.
Teledyne Technologies Incorporated in its $171 million merger with Bolt Technology Corporation.
KPMG LLP in the sale of its Acumen Technology Group to The Variable Annuity Life Insurance Company, a subsidiary of American International Group.
Professional Diversity Network Inc. in its acquisition of the National Association of Professional Women Inc.
Angelo Gordon in connection with its acquisition of certain securities from Taylor, Bean & Whitaker Mortgage in a 363 proceeding.
The Jean Coutu Group (PJC) in its $2.375 billion acquisition of over 1,500 drugstores comprising Eckerd's Northern and Mid-Atlantic drugstore business from J. C. Penney Company.
Gibraltar Industries in its purchase of The Expanded Metal Company and Sorst Streckmetall GmbH from Clifton House Acquisition Limited, a UK-based private equity firm, for 22 million pounds sterling.
WCI Steel, an integrated producer of value-added, custom steel products with a focus on custom flat-rolled steel products, in connection with its $380 million litigated sale to OAO SeverStal.
Aixtron Aktiengesellschaft in its $143 million stock-for-stock cross-border merger with Genus.
Selected Financial Advisory representations include the following:
A bulge bracket investment bank as financial advisor to:
- Iberdrola in its $8.4 billion acquisition of Energy East;
- DRAXIS in its $255 million sale to Jubilant Organosys;
- RehabCare in its $101 million acquisition of Symphony Health, a subsidiary of Leucadia;
- Centex in the $400 million sale of Centex to Balfour Beatty;
- KB Home in its $811 million sale of Kaufman & Broad to PAI;
- Cree in its $668 million acquisition of Ruud Lighting;
- Eldorado in its $2.5 billion acquisition of European Goldfields;
- Cardinal Health in its $2.1 billion acquisition of AssuraMed; and
- Alaska Airlines in its $2.6 billion acquisition of Virgin American.
Barclays as financial advisor to Force Protection in its $360 million litigated sale to a leading aerospace and defense company.
Benchmark Capital as financial advisor to RR Media in its $242 million sale to SES S.A.
Berenson as financial advisor to EnergySouth in its $510 million sale to Sempra.
BMO Capital Markets Corp. as financial advisor to:
- Edmentum, Inc. in a strategic growth investment from The Vistria Group.
- Jason Industries, Inc. (Nasdaq: JASN), the parent company to a global family of manufacturing leaders, in the sale of its Metalex business within the Engineered Components segment to UPG LLC, a premier steel provider.
- Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, in its $1.48 billion acquisition of Walden University, a leading online healthcare education provider, from Laureate Education, Inc. (Nasdaq: LAUR), a leading provider of quality higher education services.
- Dialog Semiconductor (XETRA: DLG), a UK-based semiconductor manufacturer, in its $500 million acquisition of Adesto Technologies Corp. (Nasdaq: IOTS), a leading provider of integrated circuits and embedded systems for the Industrial Internet of Things (IIOT).
- Cott Corp. (NYSE: COT), a water and filtration service company, in its $405 million sale of S&D Coffee, the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in America, to Westrock Coffee, a roaster, producer and exporter of coffee.
- Hycroft Mining Corp., a U.S.-based gold and silver producer, in its merger with Mudrick Capital Acquisition Corp. (Nasdaq: MUDS), a blank check company.
- Special Committee of the Board of Directors of Steadfast Income REIT, Inc. in its merger with Steadfast Apartment REIT, Inc., which is also combining with Steadfast Apartment REIT III, Inc., to create a $3.3 billion REIT.
- KeHE Distributors, a specialty and organic wholesale food distributor, in connection with strategic investment from TowerBrook Capital Partners L.P.
- Pioneer Railcorp, a railroad holding company, in its $72.4 million sale to BRX Transportation Holdings, an entity formed by Brookhaven Rail Partners and Related Infrastructure.
- Harsco Corporation in its $625 million acquisition of Clean Earth Inc., a leader in processing and beneficially reusing specialty waste.
- Reddy Ice, Inc., a publicly traded manufacturing and distribution company majority-owned by Centerbridge Partners L.P., in its sale to Stone Canyon Industries Holdings LLC, a global industrial holding company.
- Comstock Resources Inc., an independent energy company engaged in the acquisition, development, production and exploration of oil and natural gas properties, in its $2.4 billion acquisition of Covey Park Energy LLC.
- Brightcove Inc. (Nasdaq: BCOV), the leading provider of cloud services for video, in its $15 million acquisition of the online video platform business of Ooyala, a provider of cloud video technology.
- QEP Resources, Inc. (NYSE: QEP), a leading independent crude oil and natural gas exploration and production company, in its $1.65 billion sale of Williston Basin assets in North Dakota and Montana to Vantage Energy Acquisition Corp. (Nasdaq: VEAC), an energy-focused special purpose acquisition company.
- Hardinge Inc. (Nasdaq: HDNG) in its $245 million sale to an affiliate of Privet Fund Management LLC.
- Global Power Equipment Group in its $43.25 million sale of Braden to Innova Global Ltd.
- Primo Water in its $263 million acquisition of Glacier Water Services.
- Providence and Worcester Railroad in its $126 million sale to Genesee & Wyoming Inc.
- Questar Assessment Inc. in its $127.5 million sale to Educational Testing Service.
- Paysafe in its $470 million acquisition of Merchants’ Choice Payment Solutions.
Capstone/Berkeley Research Group as financial advisor to:
- The Standard Register Company in its $218 million acquisition of WorkflowOne;
- CCA Industries, Inc. in a financing;
- Entertainment Gaming Asia Inc. in a rights offering;
- ION in a debt exchange; and
- in solvency engagements.
Cassel-Salpeter as financial advisor to:
- HF2 Financial Management in its $175 million acquisition of ZAIS Group and in solvency engagements.
- HealthLynked Corp. (OTC: HLYK), a global healthcare network, in its acquisition of MedOfficeDirect, LLC, a virtual distributor of discounted medical supplies.
CBIZ in solvency engagements.
Citigroup as financial advisor to:
- Accu-Met Laser and New England Precision Grinding in their sales to Riverside;
- ProLogic in its sale to Ultra Electronics; and
- TMI in its sale to MiTek.
Credit-Suisse as financial advisor to:
- On Command in its $300 million sale to Liberty Media; and
- SafeNet in its $450 million acquisition of Rainbow Technologies.
Deloitte Corporate Finance LLC as financial advisor in certain engagements.
Duff & Phelps as financial advisor to:
- Rotonics in its $40 million sale to Spell Capital;
- McJunkin Red Man in a recapitalization;
- Gibraltar Packaging in its $21 million sale to Rosmar;
- CommScope in its $2.65 billion purchase of Andrew;
- ZANTAZ in its $400 million sale to Autonomy;
- Applied Digital in its $82 million merger with Digital Angel;
- Source Interlink in its $1.3 billion purchase of the Primedia Enthusiast Division;
- Primedia in its issuance of a $96 million dividend;
- KCPC in its $1 billion purchase of Central Parking;
- American Industrial in its $20 million purchase of E-ONE;
- LSSi in its $70 million sale to Volt Delta;
- Peabody Energy in its spin-off of Patriot Coal;
- Trans Healthcare in its $48 million sale of assets to Omega Healthcare;
- Time Warner in its spin-off of its cable business;
- Seacor in its $410 million spin-off of Era Group;
- NBTY, a portfolio company of The Carlyle Group, in a leveraged dividend recap;
- First Data in its $29 billion sale to KKR;
- Granite Construction in its acquisition of Wilder Construction;
- Veramark in its sale to Varsity Inc.;
- ABC Supply and American Builders & Contractors Supply in their transaction to redeem shares, repay certain indebtedness;
- CiG Wireless in its $150 million sale to Vertical Bridge;
- Aclara, a portfolio company of Sun Capital, in a leveraged dividend recap; and
- in solvency engagements
Eureka Capital as financial advisor to Roofing & Insulation Supply in its acquisition of Beacon Roofing Supply.
GlassRatner, a subsidiary of B. Riley, as financial advisor to Siebert, a financial services company, in its acquisition of Weeden, a leading primer brokerage services provider.
Goldman Sachs as financial advisor to a leading tax firm in its aborted $1 billion sale of one of its divisions to Cerberus.
Houlihan Lokey as financial advisor to:
- OHA Holdings Limited in its acquisition of a portion of Irving Oil, a Canada-based oil and gas company, that it did not already own.
- Trover Solutions in its $60 million acquisition by Thomas Weisel;
- Stratagene in its $246 million sale to Agilent;
- BioVeris in its $600 million sale to Roche;
- a leading consulting firm in its $2.54 billion sale to Carlyle;
- Platinum Equity in its $420 million acquisition of Covad;
- Accredited Home Lenders in its $296 million litigated sale to Lone Star;
- Cornerstone in its $70 million transaction with Chiesi;
- Hexion in its $3.75 billion merger with Momentive;
- Earthlink in its $370 million acquisition of One Communications;
- SuperGen in its $140 million transaction with Astex;
- STR in its $275 million sale of a division to Underwriters Laboratories;
- Armstrong World Industries in its $1.05 billion recap and a $260 million stock repurchase;
- GSI in its $82 million acquisition of NDS Surgical;
- NeoGenomics in its $190 million acquisition of Clarient from GE Healthcare;
- Freeport-McMoRan in its $1 billion sale of a 13% interest in its Morenci mine to Sumitomo Metal Mining;
- Yates Petroleum in its $2.5 billion sale to EOG Resources; and
- in solvency engagements.
KPMG Corporate Finance as financial advisor to:
- Hurray! in a transaction with Shanda Interactive;
- Wonder Auto Technology in its acquisition of Jinheng (BVI) from Jinheng Automotive;
- Ku6 in a transaction with pipi.com; and
- Luna Innovations in Luna’s sale of its medical shape sensing business to Intuitive Surgical.
Kroll as financial advisor having rendered a solvency opinion to a telecom company in its exchange of $115 million of preferred stock for loans and a $75 million dividend.
Lincoln International as financial advisor to:
- Pioneer Power Solutions, Inc., an industry leader in the design and manufacture of electrical equipment, in connection with its sale of liquid filled and dry type transformer business to Mill Point Capital, a middle-market private equity firm.
- CFC in its $94 million sale to Audax;
- WL Plastics in its recap by Sequel Holdings and Crow Kaminski Capital;
- WILink in its $50 million sale to Waterfall Acquisition;
- Siegel-Robert in the sale of its automotive Division to Guardian Industries;
- American Asphalt & Grading in the sale of its Mining Services division to ClearLight;
- Haas TCM in its sale to The Jordan Company;
- John Hardy in the sale of its jewelry business in a management-led buyout;
- Cummins in its $125 million sale of its exhaust business to Global Tube;
- Force Protection in its $360 million litigated sale to General Dynamics;
- Arsenal Capital in its acquisition of Evonik’s global colorants business; and
- General Donlee in its $110 million sale to Triumph Group.
Loop Capital in solvency engagements.
Morgan Joseph as financial advisor to:
- Eagle Supply in its sale to Gulfside Supply;
- American Property Investors in its $652 million acquisition of equity interests in 3 oil & gas companies and The Sands Hotel and Casino;
- American Rice in its sale to SOS Cuetara USA;
- Glenayre Electronics in its acquisition of the CD and DVD business of Entertainment Distribution Company;
- Noble International in its $300 million acquisition of certain assets from ArcelorMittal;
- Peerless Systems in the $37 million sale of substantially all of its intellectual property to Kyocera Mita;
- Radiation Therapy Services in its $1.1 billion litigated sale to Vestar;
- Bio-Imaging Research in its $21 million sale to Varian Medical Systems;
- Michael Baker in its $39 million sale of Baker Energy to John Wood;
- Michael Baker in its $59 million acquisition of The LPA Group;
- Michael Baker in its $50 million acquisition of RBF Consulting; and
- Weidlinger Associates in its merger with Thornton Tomasetti.
Morgan Stanley as financial advisor to:
- Steel Dynamics in its $281 million acquisition of Roanoke Electric Steel;
- CF Industries in its $4.7 billion litigated acquisition of Terra Industries;
- CF Industries in connection with Agrium’s $4.6 billion bid for CF Industries; and
- Pepco Holdings in its $6.8 billion sale to Exelon Corporation.
Navigant Capital Advisors as financial advisor to Radica Games Limited in its $232 million sale to Mattel.
Oberon Securities as financial advisor in certain engagements.
Olsen Palmer as the financial advisor to:
- Clayton, HC in its $284 million sale of Clayton Bank & Trust and American City Bank to FirstBank, a wholly-owned subsidiary of FB Financial Corporation.
- F&M Bank in its $85 million sale to F&M Bancorp.
Oppenheimer & Co. as financial advisor to:
- Anchiano Therapeutics Ltd. (Nasdaq: ANCN), a preclinical biopharmaceutical company, in its $150 million merger with Chemomab Ltd., a clinical-stage biotech company.
- GRAF Industrial Corp. (NYSE: GRAF), a special purpose acquisition company, in its $1.8 billion merger with Velodyne Lidar, Inc., a global leader in lidar technology, and its $150 million PIPE transaction in connection with the merger.
- American Electric Technologies, Inc. (Nasdaq: AETI), a leading provider of power delivery solutions, in its merger with Stabilis Energy, a leader in small-scale production and distribution of liquefied natural gas (LNG), to create one of the leading public small-scale LNG production and distribution companies in North America.
- VirtualScopics in its $16 million sale to BioTelemetry.
Peter J. Solomon & Company as financial advisor to Panavision in connection with:
- an opinion regarding the fairness of the financial terms of a senior subordinated term loan agreement involving MacAndrews & Forbes, its parent;
- an opinion regarding the fairness of the financial terms of an amended line of credit from MacAndrews & Forbes; and
- a $300 million take private by MacAndrews & Forbes.
Raymond James as financial advisor to:
- BioTelemetry, Inc. (Nasdaq: BEAT), a leading remote medical technology company, in its $2.8 billion sale to Royal Philips (NYSE: PHG), a global leader in health technology.
- Blue Ridge Bankshares (NYSE: BRBS) in its all-stock merger with Bay Banks of Virginia (OTC: BAYK) to create a leading Virginia-based community bank.
- Dime Community Bancshares, Inc. (Nasdaq: DCOM), the parent company of Dime Community Bank, in its $850 million merger with Bridge Bancorp, Inc. (Nasdaq: BDGE), the parent company of BNB Bank.
- Leeds Equity Partners, a private equity firm, in its sale of Campus Management Acquisition Corp., a global provider of cloud-based student information systems, and Edcentric Holdings, a leading SaaS platform for institutional effectiveness, to Veritas Capital, a leading private investment firm.
- Capstone Logistics, LLC, a third-party logistics company, in its acquisition of the stock of Priority Express Courier, Inc., a Pennsylvania-based logistics company, from an investor group led by JZ Partners and The Edgewater Funds.
- Liberty Tax, Inc., the indirect parent company of Liberty Tax Service and Buddy’s Home Furnishings, in its $208 million acquisition of The Vitamin Shoppe (NYSE: VSI), an omni-channel, specialty retailer of nutritional products.
- Sun Communities, Inc., a real estate investment trust, in its $343.6 million acquisition of Jensen’s, Inc., a 31-community manufactured housing portfolio.
- Pebblebrook Hotel Trust (NYSE: PEB), a real estate investment trust, in its $5.2 billion acquisition of LaSalle Hotel Properties (NYSE: LHO), a real estate investment trust, to create one of the largest owners of independent lodging properties in the U.S.
- ConnectWise in its approximate $1.5 billion sale to Thoma Bravo, LLC.
- CenterState Bank Corp. (Nasdaq: CSFL), one of the largest community bank franchises headquartered in Florida, in its $850.4 million acquisition of National Commerce Corp. (Nasdaq: NCOM), an Alabama-based financial holding company.
- Merit Medical Systems, Inc. in its $200 million acquisition of Cianna Medical, Inc.
- Seacoast Banking Corp. (Nasdaq: SBCF) in its $133 million acquisition of First Green Bancorp, Inc.
- McEwen Mining, a gold and silver mining company, in its acquisition of Lexam VG Gold.
- March Networks in its $90 million sale to Infinova;
- iParty in its $35 million litigated sale to Party City;
- EMCORE Corporation in its $150 million sale of its Space Photovoltaics business to Veritas Capital;
- Coeur Mining in its $150 million acquisition of Paramount Gold and Silver; and
- Frisch's Restaurants, Inc. in its $175 million sale to an affiliate of NRD Partners.
Robert W. Baird as financial advisor to:
- Sportsman’s Warehouse Holdings Inc. (Nasdaq: SPWH) in its $810 million sale to Great American Outdoors Group.
- AMETEK, Inc. (NYSE: AME), a leading global manufacturer of global instruments and electromechanical devices, in the $250 million sale of its Reading Alloys business to Kymera International, a leading specialty materials company.
- Leidos Holdings, Inc. (NYSE: LDOS), a Fortune 500 science and technology leader, in its $1.65 billion acquisition of Dynetics, Inc., an industry-leading applied research and national security solutions company.
- Ecology and Environment Inc. (Nasdaq: EEI) in its $66 million sale to WSP Global Inc.
- Gardner Denver Holdings, Inc. in its $15 billion reverse Morris Trust transaction with Ingersoll Rand Industrial.
- Span-America Medical Systems, a mattress manufacturer, in its $80 million sale via cash tender offer to Savaria Corp., a publicly traded, Canada-based leading manufacturer in the accessibility industry.
- a leading manufacturer of electric motors in its $400 million acquisition of certain operations of a major U.S. multi-national conglomerate corporation;
- Merisel in its aborted sale to a private equity firm;
- COMSYS IT in its $431 million sale to Manpower;
- Ladish in its $778 million sale to Allegheny Technologies;
- RC2 in its $640 million sale to Tomy;
- Harsco in the $525 million sale of its infrastructure division to Clayton Dubilier & Rice; and
- Material Sciences in its $230 million sale to an affiliate of Insight Equity.
Rothschild as financial advisor to:
- OM Group in the $408 million sale of its Nickel business to Norilsk Nickel;
- Israel Chemical in its $352 million acquisition of Supresta from Ripplewood;
- CF in its $4.7 billion litigated acquisition of Terra;
- CF in connection with Agrium’s $4.6 billion bid for CF;
- Clarus in its $135 million acquisition of Black Diamond & Gregory Mountain;
- PerkinElmer in its $600 million acquisition of Caliper Life Sciences;
- Air Products in its $884 million acquisition of a 67% stake in Indura;
- Elster in its $2.3 billion sale via cash tender offer to Melrose;
- a large chemical company in its $62 acquisition via tender offer of Verenium;
- CF Industries in its $1.4 billion sale of its phosphates business to The Mosaic Company; and
- Sorin in its $2.7 billion strategic transaction with Cyberonics.
Stifel as financial advisor to:
- WillScot Corp. (Nasdaq: WSC), a leader in specialty rental services and portable storage solutions, in its $1.7 billion merger with Mobile Mini, Inc. (Nasdaq: MINI), a leading provider of portable storage solutions, to create a $6.6 billion enterprise.
- Targacept in its $100 million strategic transaction with Catalyst Biosciences.
- Stericycle, Inc. (Nasdaq: SRCL), a U.S.-based leading provider of compliance-based solutions, in the $462.5 million sale of its Domestic Environmental Solutions business to Harsco Corporation (NYSE: HSC), a global provider of environmental solutions for industrials waste streams and innovative technologies.
Stout Risius Ross as financial advisor to Leidos Holdings, Inc. in its $4.6 billion merger with the Information Systems & Global Solutions business of Lockheed Martin Corp.
William Blair as financial advisor to:
- PracticeWorks in its $493 million sale to Kodak;
- a consumer information and measurement company in its $100 million sale to Symphony;
- VitalWorks in its $100 million sale to Cerner;
- a music company in its $98 million acquisition of Music & Arts Center;
- Merge in its $348 million acquisition of Cedara;
- The Trizetto Group in its $146 million acquisition of Quality Care Solutions;
- Netsmart in its acquisition of CMHC Systems;
- LESCO in its $231 million sale to Deere;
- Coleman Cable in its $161 million acquisition of Copperfield;
- First Consulting in its $365 million sale to Computer Sciences;
- the audit committee of Allscripts-Misys Healthcare Solutions in its $1.3 billion merger with Eclipsys and its transaction with Misys;
- Treehouse Foods in its $180 million acquisition of ST Specialty;
- ExamWorks in its $210 million acquisition of MES Group;
- NovaMed in its $215 million sale to HIG;
- China GrenTech in its $250 million litigated take private;
- EasyLink in its $310 million sale to Open Text;
- China TransInfo Technology in its $150 million litigated take private;
- Winner Medical in its $100 million litigated take private; and
- Met-Pro in its $210 million litigated sale to CECO Environmental.