Clients		Transactions
Bank of Scotland		$40 billion merger with Halifax creating HBOS
AT&T Communications		$22 billion sale to SBC Communications
MFS Communications		$14 billion merger with WorldCom
ITT Corporation		$14 billion merger with Starwood Lodging
Level 3 Communications		$10 billion reorganization and spin-off from Peter Kiewit Sons’
American Home Products		$10 billion acquisition of American Cyanamid
RJR Nabisco		$9 billion proxy solicitation defense
WebMD		$8 billion merger with Healtheon
Blue Circle Industries plc		$6 billion successful hostile offer defense
BAE Systems plc		$4.2 billion acquisition of United Defense Industries
Sanford C. Bernstein		$3.5 billion merger with Alliance Capital Management
ConAgra		$2.9 billion acquisition of International Home Foods
Farnell Electronics plc		$2.8 billion acquisition of Premier Industrial
The Dial Corp		$2.8 billion spin-off of its Consumer Products Business
MFS Communications		$2.7 billion spin-off from Peter Kiewit Sons’
MFS Communications		$2.2 billion tax-free acquisition of UUNet Technologies
Apollo Management		$1.8 billion acquisition of EGL, Inc.
PHH Corporation		$1.8 billion sale to General Electric and Blackstone
M & F Worldwide Corp.		$1.7 billion acquisition of John H. Harland Company
Quick & Reilly Group		$1.6 billion merger with Fleet Financial Group
ConAgra		$1.4 billion sale of Swift fresh meats business to Hicks Muse
Potash Corporation		$1.4 billion acquisition of Arcadian
Newport News Shipbuilding		$1.2 billion spin-off from Tenneco
Gold Kist		$1.1 billion sale to Pilgrim’s Pride
Garantia		$1.1 billion merger with Credit Suisse First Boston
CalEnergy		$1.1 billion acquisition of Magma Power
GN Great Nordic		$1.1 billion acquisition of Photonetics
Colgate-Palmolive		$1.1 billion acquisition in South America
Thermadyne		$811 million sale to DLJ Merchant Banking Partners
M & F Worldwide Corp.		$800 million acquisition of Novar USA (Clarke American)
BAA Plc		$751 million acquisition of Duty Free International
ConAgra		$670 million divestiture of ConAgra Poultry to Pilgrim’s Pride
British Airways Plc		$625 million divestiture of equity interest in US Airways
ConAgra		$600 million divestiture of United Agri Products to Apollo Management
Spirent Communications		$590 million sale of Networks Product Division
Monsanto		$580 million divestiture of ABS Styrenics Plastics
Siemens		$530 million divestiture of Pacesetter
GN Great Nordic		$465 million acquisition of Beltone
PennEngineering		$306 million sale to Tinicum Capital Partners
Farnell Electronic Services		$300 million divestiture of Farnell InOne to Arrow Electronics
LJL BioSystems		$290 million sale to Molecular Devices
Mearl		$273 million sale to Engelhard
PepsiCo		$250 million divestiture of casual dining restaurant businesses
JLG Industries		$203 million acquisition of GradaII Industries
Hosiery Corp. of America		$200 million sale to Kelso & Co.
London & Overseas Freighters		$200 million merger with Frontline Ltd.
Mack Printing Group		$200 million sale to Cadmus Communications
Wright Medical		$140 million recapitalization by Warburg Pincus
Thermadyne		$115 million divestiture of Clarke Holding Corporation to Incentive AB
Simon Storage		$102 million sale to Siena Investments
JLG Industries		$100 million purchase of OmniQuip business from Textron
Thermadyne		$100 million divestiture of Deloro Stellite to Morgan Grenfell Development Capital
Simon Engineering		$90 million sale of Simon Access division to Terex
Edward S. Gordon		$75 million sale to Insignia Financial
Tomkins plc		Acquisition of Selkirk Americas
Forstmann Little & Co.		Acquisition of International Management Group
Xinhua Finance Ltd.		Acquisitions of Taylor Rafferty, Mergent Inc. and G7 Group
NGP Energy Capital Management		Sale of 40% stake to Barclays Capital
National Express		Sale of Stewart Airport
Collegiate Licensing Corp.		Sale to International Management Group