Selected
transactionsDecember
2005 - Exclusive financial advisor to
Celanese
in the sale of its common interest in PEMEAS
GmbH.
View press release
May
2005 -
Represented
Aspherio,
a Barcelona-based provider of turn-key e-commerce solutions with a focus on
Europe, in the negotiation of a strategic alliance and a management services
agreement, with
GSI Commerce Inc.
View press release
May 2005 - Exclusive
financial advisor to the French unit of
Harsco Corp.'s
Multiserv
business sector, in the acquisition of Evulca, a steel mill conveyor
maintenance business, based near Marseille, France.
Multiserv
is the
world's single largest provider of outsourced on-site mill services to the
global steel and non-ferrous metals business.
View press release
May 2005 -
Exclusive
financial
advisor to
Celanese Corp.
in the divestiture of its polybenizamidazole (PBI) business
to a subsidiary of the InterTech Group.
View press release
April 2005 -
Exclusive
financial advisor to
Celanese Corp. in the sale of
its Vectran Fibers business to Kuraray of America, Inc.
View press release
2004 - Represented
Celanese AG in creation of a new company to contain its fuel cell business,
PEMEAS GmbH,
and the placement of approximately 18 million euros of funding with a consortium of
VC funds and strategic investors led by Conduit Ventures.
View press release
2002 -
Represented European e-commerce turn-key solutions provider in capital
increase and strategic alliance.
2001 -
Represented
Aventis
in creation of new company to hold its German clinical research activities,
Covidence GmbH, and sale of control of the new company to a group comprising
Covidence management and a fund of European Venture Capital firm 3i.
1999 -
Represented Hoechst Research and Technologies, a predecessor of
Celanese Ventures GmbH,
and managed negotiations in sale to Alcatel of German ceramics-based
superconducting electric materials business.
1999 -
Represented
Hoechst Group
in outventuring mandate that resulted in private placement with Zeneca
Specialty Chemicals, England (now Avecia) for German-based, emerging
technology company,
Covion Organic Semiconductors GmbH,
that produces materials for electronic flat panel displays, included direct
management equity participation. Designed structure, managed negotiations and
supervised legal counsel.
1999 -
Advised
Harsco Corp.
in divestiture of specialty steel manufacturing division.
1997 -
Represented
Hoechst Group
in negotiating private spin-out of high tech materials business and
establishing AQF Technologies LLC, with sale of minority interest to BBA Group
PLC.
1997 -
Placed 15% of
AQF Technologies LLC
equity for $7 million, and $4.7 million of notes and credit lines with
strategic investors. AQF's prior 12 months' sales revenue at time of placement
were ~$500K.
1997 -
Represented
Harsco Corp.
in divestiture of heat exchanger manufacturing operation.
1996 / 1997 -
Retained by
Hoechst Group
to advise
in making strategic venture capital fund investments and direct investments in
emerging technology companies.
1996 -
Arranged
$65 million commitment for senior secured credit facility for private
acquisition group to purchase retailing operation.
1996 -
Advised closely-held financial information services business in valuation and
structuring of supplemental financing and partner retirement plan.
1995 -
Represented
Hoechst Group
in effort
to sell partnership interest in engineering plastics division. Culminated in
licensing agreement with fabricator.
1995 -
Advised
Harsco Corp. in decision and
method to exit bus manufacturing operation, culminating in liquidation of
assets, after evaluating conventional divestiture and ESOP alternatives.
1994 / 1995 -
Retained by
Philips Credit Corp. to refinance or dispose of communications and imaging
assets. Closed six re-financings/take-outs.
1994 -
Arranged $5
million equity commitment for, and represented private acquisition group in
proposed purchase of Salem Evening News, a closely-held newspaper publishing
company, val. $15 million. Group outbid by strategic investor.
1994 -
Represented
Westlake Group in sale of Westlake Metal Fabrication Corp. to US
Tank Car (Marmon Group) for $24 million, resulting in large gain for seller.
1993 -
Completed placement of common equity and debt for Four Seasons L.P., a
specialty publishing venture.
1992 -Represented
Harsco Corp.
in sale of its CanTex Division. Unprofitable business with sales of $70
million sold to Sumitomo Corp. for $35 million, representing a meaningful
premium to book value.
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