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Advised major shareholder and CEO in the sale of his stake in City Practitioners Ltd., an IT-based professional services company primarily focussed on supporting the implementation of trading platforms for the wholesale banking and investment management markets. |
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Advised the acquisition vehicle of an international consortium of private investors on the acquisition of
Powerflute, the owner of a semi chemical paper mill based in Kuopio,
Finland previously owned by M-real Corporation. Powerflute is chaired by Dr. Dermot F. Smurfit. Lansdowne Capital advised on the acquisition and capital raising for the transaction and
retains an equity stake in the business. |
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Advised private equity group Texas Pacific Group and CSFB Private Equity on the acquisition from BC Partners of Grohe
AG, one of the world’s leading manufacturers of showers and
faucets. BC Partners acquired the business for an estimated €1.3
billion in 1999. Transaction details were not disclosed. |
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Advised private equity group Warburg Pincus on the €630 million acquisition of Clondalkin, the international producer of flexible packaging, cartons and self-adhesive labels. Clondalkin was sold to Warburg Pincus by a consortium of private investors, led by Candover. |
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Advised private equity group Alchemy Partners and Blagden management on the acquisition of Blagden Packaging Group. Blagden was previously jointly owned by CVC and Bridgepoint who had acquired the business for €149m in 1999. Blagden is the European market leader in new and reconditioned steel drums and other rigid industrial packaging.
Transaction terms were not disclosed. |
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TA Associates, a private equity and buyout firm, acquired a substantial minority stake in GlobeOp Financial Services, valuing the group at over US $170 million. GlobeOp is a rapidly growing private company, with offices in the US, London, Mumbai and the Cayman Islands which develops and operates electronic processing systems for hedge funds and other asset managers. Lansdowne Capital advised a number of selling shareholders in this transaction. Lansdowne Capital was an early investor and has retained its equity stake in this dynamic business. |
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Advised SCA, the Swedish listed packaging and hygiene products group, on the sale of Apura, a hygiene paper distribution business in France, and minority stakes in two similar businesses, Maury and Reynaud. Simultaneously advised SCA on the acquisition of Segas,
a French injection moulded plastic packaging business. Terms
were not disclosed. |
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Advised private equity group JP Morgan Partners on its acquisition of M&H Plastics. M&H is a UK manufacturer of rigid plastic packaging products, principally to the toiletries and health and beauty sectors. Terms were not disclosed. |
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Advised AssiDomän, the Swedish listed forest products group, on the strategic options for its c. €1 billion barrier coating, sack paper, paper sacks and market pulp operations. Subsequently advised AssiDomän on the sale of certain of these businesses to a subsidiary of Anglo American for c. €565 million. AssiDomän merged the remainder of these assets into Billerud, a joint venture with listed group Stora Enso, which was subsequently listed on the Stockholm Stock Exchange. |
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Advised Greencore Group, the Irish based food manufacturer, on raising c. €1.1 billion of acquisition financing for its recommended bid for Hazlewood Foods plc. Working to a tight timetable, Lansdowne Capital successfully organised a club financing of major lending banks led by Schroder Salomon Smith Barney, Royal Bank of Scotland and Bank of Ireland. |
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Advised NASDAQ listed commercial printer, Mail-Well, on its $102 million acquisition of U.K. listed Porter Chadburn plc, a self-adhesive label manufacturer. Lansdowne Capital acted as lead advisor, and procured broking services on the subsequent tender offer. |
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Advised Mercury Private Equity and Yeoman International in relation to the strategy of Ardagh plc, the Irish glass manufacturer. Ardagh subsequently retained Lansdowne Capital as its advisor on its £240 million acquisition of U.K. glass group, Rockware, from Owens-Illinois. Lansdowne also advised Ardagh on the raising of financing for this acquisition, which was many times Ardagh’s size. |
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Advised Singapore-based Asia Pacific Resources International Holdings Limited (APRIL), the NYSE-listed group, on its strategic and financial options for its operations in China and Indonesia during the S.E. Asian crisis. Lansdowne Capital subsequently advised APRIL on its strategic alliance with the listed Finnish forest products group, UPM-Kymmene, and the companies’ cross-holdings in Asian pulp and fine paper. |
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Advised APRIL on the $580 million recapitalisation of its fine paper operations in Changshu, China. Lansdowne Capital procured new equity capital of $114 million and a bridge loan of $121 million. Changshu ultimately obtained a $250 million syndicated term loan to complete the financing. The successful financing was accomplished despite an extremely difficult economic environment. |
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Advised SCA, the Swedish listed packaging and hygiene products group, on alternative financing structures (including a leveraged joint venture) relating to the intended purchase of two major packaging groups. Subsequently advised SCA on its successful £195 million acquisition of Rexam Industrial Packaging in the U.K. |
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Advised Principal Healthcare Finance Limited (PHFL) on its sale to Four Seasons Healthcare Limited, a portfolio company of Alchemy Partners. PHFL owns and leases retirement homes in the UK. |
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Advised private equity group Warburg Pincus on the formation of an equity consortium, Valentia, which subsequently completed a €3bn recommended offer for the Irish telecom operator, Eircom.
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Provided Revlon, Inc. with a fairness opinion on the purchase of Charles of the Ritz from Mac Andrews and Forbes. |
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Advised private equity group Schroder Ventures (now Permira) in relation to its £103 million acquisition of Betts, the international laminated tube and rigid plastic packaging business. |
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Advised a major European public group on its takeover defence options following a €10bn unsolicited approach by a competitor. This subsequently led to a major restructuring of the group. |
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Advised private equity group Warburg Pincus on the recapitalisation of its investment in Luhns, a German-based producer of private label household products. |
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Advised Jefferson Smurfit Group on the strategic options for its fine paper operations at Condat, France. Condat was sold to Lecta for c. $300 million. |
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Advised Cognotec, a world-leading ASP in foreign exchange for the banking market, and its majority owner, on a variety of financial matters including several successful rounds of private equity funding. |
