Cahill Advises on Five Biggest LBOs Completed in 2014
Reflecting its prominence in the U.S. leveraged finance markets, Cahill advised the financing sources in the five largest leveraged buyouts completed in 2014, according to data compiled by Thomson Reuters of completed U.S. buyouts with disclosed transaction values.
Cahill represented the financing sources in the debt financings for the buyouts of: Gates Global by Blackstone Group, Tibco Software by Vista Equity Partners, Ortho-Clinical Diagnostics and Illinois Tool Works by The Carlyle Group and Sedgwick Claims by an investor group. These transactions generated aggregate gross proceeds of approximately $14.3 billion. Cahill also represented the debt financing sources in many other leveraged buyouts and M&A financing transactions completed in 2014, including the acquisition of Tim Hortons by Burger King, Bally Technologies by Scientific Games, URS Corp by Aecom Technology Corp. and buyouts of Advantage Sales & Marketing, The Hillman Companies and DTZ.
Since representing the financiers in KKR's historic $24.6 billion takeover of RJR Nabisco in 1988, Cahill has advised the financing sources in 8 of the 10 biggest buyouts completed to date (TXU, HCA, RJR Nabisco, Harrah's Entertainment, Kinder Morgan, H.J. Heinz, Alltel and First Data).