Weil, Gotshal & Manges LLP

Distressed Mergers & Acquisitions - BFR Experience



  • General Motors Corporation
    Acquisition of Selected Facilities and Business from Bankrupt Entity
    Represented General Motors Corporation in connection with its agreements with Delphi Corporation and Delphi's lenders for GM's acquisition, pursuant to Delphi's modified Chapter 11 Plan, of certain of Delphi's US facilities and Global Steering Business and for the joint acquisition by GM and Delphi's lenders of the balance of Delphi's US and non-US businesses. The total consideration for these transactions and related funding of Delphi exceeds $4 billion, in addition to forgiveness of $3.4 billion of debt owed to the lenders by Delphi.
  • HM Capital Partners
    Recapitalization of Choice Cable TV
    Represented HM Capital in the restructuring of and new majority investment by Spectrum Equity Investor Partners V. L.P., in Choice Cable TV located in Puerto Rico.
  • PKN ORLEN S.A.
    Acquisition of AB Mazeikiu Nafta
    Represented PKN ORLEN S.A. in its $2.3 billion acquisition of AB Mazeikiu Nafta from Yukos International UK B.V.
  • Compass Partners LLC
    Acquisition of First Deed Trust Fund
    Represented Compass Partners LLC in the $67 million acquisition of First Deed Trust Fund from USA Commercial Mortgage Company.
  • Galvex Holdings Ltd.
    Sale of Certain Assets and Equity Interests of Galvex Holdings Ltd.
    Represented Galvex Holdings Ltd. in the sale of certain assets and equity interests to SPCP Group LLC.
  • NABI Autobuszipari Rt.
    Sale of NABI, Inc. and the Business Assets of NABI, Rt.
    Represented NABI Bus Industries Rt. and its US subsidiary, North American Bus Industries Inc., in its approximately $115 million debt and equity restructuring. Conway, Del Genio, Gries & Co., LLC in New York and Numerica LLP in London were the financial advisors to NABI. The business, assets and bank debt of NABI were sold to private equity firm, Cerberus Capital Management, for an undisclosed sum in one of the major private equity transactions in Hungary in 2006.
  • Galvex Holdings Limited
    Sale of Assets of Galvex Holdings Ltd.
    Represented Galvex Holdings Ltd. in its sale of substantially all of its assets and represented Galvex Trade, Galvex Estonia OÜ, and Galvex Holdings' other affiliates in obtaining the dismissal of their chapter 11 cases. The Galvex entities own and manage the largest independent steel galvanizing facility in Europe, located in Tallinn, Estonia’s industrial port. more
  • WestPoint Stevens, Inc.
    Sale of Substantially All Assets of WestPoint Stevens, Inc.
    Represented WestPoint Stevens, Inc. in the $703 million sale of substantially all of its assets to American Real Estate Partners, L.P. more
  • Xanodyne Pharmaceuticals, Inc.
    Acquisition of aaiPharma Inc.
    Represented Xanodyne Pharmaceuticals, Inc. in the acquisition of aaiPharma Inc. more
  • Lehman Brothers
    Acquisition of Adelphia Communications Corporation
    Represented Lehman Brothers, as financial advisor to Time Warner Inc., in connection with Time Warner Inc. and Comcast Corporation's $17.6 billion acquisition of Adelphia Communications Corporation.
  • Macquarie Bank Limited and Affiliates
    Bid to Acquire 6,500 Sprint Corporation Cellular Towers
    Represented Macquarie Bank Limited and affiliates in the $1 billion bid to acquire 6,500 Sprint Corporation cellular towers.
  • MCI, Inc.
    Sale of MCI, Inc. (formerly WorldCom, Inc.)
    Represented MCI, Inc. (formerly WorldCom, Inc.) in its $10.632 billion sale to Verizon Communications, Inc.
  • Choice One Communications Inc.
    Sale of Choice One Communications Inc.
    Represented Choice One Communications Inc. in its $654 million sale to senior and subordinated creditors.
  • The DIRECTV Group, Inc.
    Acquisition of the Direct Broadcast Satellite Business of Pegasus Satellite Television, Inc.
    Represented DIRECTV Group Inc. in its $938 million acquisition of the direct broadcast satellite business of Pegasus Satellite Television, Inc.
  • Enron Corporation
    Sale of CrossCountry Energy, LLC by Enron Corporation
    Represented Enron Corporation in its $2.45 billion sale of CrossCountry Energy, LLC to Southern Union Co. and GE Commercial Finance.
  • Footstar, Inc.
    Sale of Footaction USA
    Represented Footstar, Inc. in the sale of Footaction USA to Foot Locker, Inc. more
  • Enron Corporation
    Sale of Mariner Energy, Inc. by Enron Corporation
    Represented Enron Corporation in the $271 million sale of Mariner Energy, Inc. to MEI Acquisitions LLC.
  • Enron Corporation
    Sale of Northern Natural Gas
    Represented Enron Corporation in its $1.5 billion sale of Northern Natural Gas to Dynegy Inc.
  • Enron Corporation
    Withdrawn Merger Between Enron Corporation and Dynegy Inc.
    Represented Enron Corporation in its $23 billion withdrawn merger with Dynegy Inc.
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