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The Energy and Infrastructure Group 2007 Representative Transactions

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The Energy and Infrastructure Group 2007 Representative Transactions The Energy and Infrastructure Group 2007 Representative Transactions Mergers and Acquisitions COMPANY TYPE OF TRANSACTION AND REPRESENTATION AMCI CAPITAL ACQUISITION OF Representation of AMCI Capital, a private equity firm managed COOKE SECTION by the founders and shareholders of American Metals & Coal International, a U.S. coal and sources company, in connection with its $420 million acquisition with partners First Reserve Corporation and Pamodzi Investment Holdings of a 60% stake in uranium and gold assets in South Africa known as the Cooke Section. The transaction is expected to close in 2008. Simpson Thacher also represented AMCI Capital in its formation, with Pamodzi Investment Holdings, of Pamodzi Resources Fund I, currently the largest private equity fund on the African continent, with committed capital of $1.3 billion. Pamodzi Resources Fund I is focused on investments in resource-related opportunities in southern Africa. CS WIND Representation of Goldman Sachs Principal Investment Area in connection with its investment in CS Wind Corp., a Korean wind power manufacturer. ENEL/ACCIONA BID FOR ENDESA Representation of ENEL S.p.A., Italy’s largest power company, in connection with its unsolicited joint bid with Acciona, S.A., a Spanish infrastructure and construction company, for 100% of the share capital of Endesa, S.A., Spain’s largest power company. The transaction is valued at €43.4 billion ($57.9 billion). The transaction resolved a protracted takeover battle and resulted in the withdrawal of a previous bid by German energy utility E.On. EXCEL MINING SYSTEMS Representation of Excel Mining Systems LLC (owned by a consortium led by Snow Phipps Group) in connection with its $670 million sale to Orica Limited. Excel, a leading manufacturer and distributor of roof bolts and other mining safety products, was acquired in a leverage buyout by a consortium led by Snow Phipps. Mergers and Acquisitions COMPANY TYPE OF TRANSACTION AND REPRESENTATION FIRST RESERVE ACQUISITION OF Representation of First Reserve Corporation in connection with BRAND ENERGY its $1.5 billion acquisition of Brand Energy & Infrastructure Services, Inc., a global leader in the energy infrastructure sector. First Reserve is a private equity firm that specializes in the energy industry. FIRST RESERVE SALE OF DRESSER Representation of First Reserve in the sale of its portfolio company, Dresser, Inc., to an investor group led by Riverstone Holdings LLC. First Reserve also joined Riverstone and Lehman Brothers Co-Investment Partners in the investor group. Dresser is a leading manufacturer and marketer of highly engineered infrastructure products for the global energy industry. FIRST RESERVE SALE OF OHMSTEDE Representation of First Reserve Corporation in the sale of its LTD. portfolio company, Ohmstede Ltd., to EMCOR Group, Inc. for a purchase price of approximately $456.9 million. Ohmstede is a leading heat exchanger services provider headquartered in Beaumont, Texas. ITC HOLDINGS ACQUISITION OF Representation of ITC Holdings Corp. and its subsidiary ITC IP&L Midwest LLC in connection with the acquisition of the electric transmission assets of Interstate Power and Light Company, a subsidiary of Alliant Energy Corporation. The transaction was valued at approximately $780 million. The firm also represented ITC Holdings in connection with the related acquisition bridge financing and subsequent refinancing as described below under “Capital Markets.” GRUPO AEROPORTUARIO DEL Representation of JPMorgan in its role as financial advisor to SURESTE, S.A.B. DE C.V. the board of directors of Grupo Aeroportuario del Sureste, S.A.B. de C.V., a private operator of several airports in the southeast of Mexico. JPMorgan delivered a tender offer fairness opinion to a special committee of the board of directors of Grupo Aeroportuario del Sureste, S.A.B. de C.V. in connection with a proposed tender offer by Agrupación Aeroportuaria Internacional II, S.A. de C.V., an entity controlled by Mr. Fernando Chico Pardo. Page 2 Mergers and Acquisitions COMPANY TYPE OF TRANSACTION AND REPRESENTATION KEYSPAN SALE TO NATIONAL GRID Representation of KeySpan Corporation in connection with its PLC sale to National Grid plc, a transaction that created the third- largest energy delivery utility in the United States. National Grid acquired all of the outstanding shares of KeySpan for $42 per share or $7.3 billion in cash, with assumed debt of approximately $4.5 billion for an enterprise value of $11.8 billion. KING STREET CAPITAL Representation of funds managed by King Street Capital MANAGEMENT FUNDS' ACQUISITION Management, L.L.C. in connection with the acquisition through OF 50% INTEREST IN LOUISIANA a bankruptcy auction process of Calpine Acadia Holdings, GENERATING FACILITY THROUGH LLC's 50% interest in Acadia Power Partners, LLC, a company BANKRUPTCY AUCTION which owns and operates an approximately 1,000 MW gas-fired electric generating facility located in Acadia Parish, Louisiana, for a purchase price of approximately $189 million. MTAR TECHNOLOGIES Represented The Blackstone Group in connection with its investment of approximately US$65 million in MTAR Technologies, a manufacturer of nuclear power reactor components. SPIN-OFF OF PATRIOT COAL Representation of Peabody Energy Corporation in connection with the spin-off of its wholly-owned subsidiary, Patriot Coal Corporation. The spin-off was accomplished through a special dividend of all outstanding shares of Patriot to Peabody shareholders. The shares were listed on the New York Stock Exchange and resulted in an initial market capitalization of approximately $1 billion. PPL CORPORATION LATIN Representation of PPL Corporation in connection with the AMERICAN DIVESTITURE divestiture of its Latin American regulated electric delivery businesses in Bolivia, Chile and El Salvador, for a total consideration of $851 million. The final sale was completed in November 2007 with the sale of PPL's interest in its Chilean electricity delivery business to Compañía General de Electricidad S.A. for $660 million. PPL is a global energy holding company headquartered in Allentown, PA. Page 3 Mergers and Acquisitions COMPANY TYPE OF TRANSACTION AND REPRESENTATION PPL CORPORATION DIVESTITURE OF Representation of PPL Corporation in connection with the sale GAS AND PROPANE BUSINESSES of its gas and propane businesses held by its PPL Gas Utilities Corporation and Penn Fuel Propane, LLC subsidiaries. SEMPRA ENERGY AND RBS JOINT Representation of The Royal Bank of Scotland PLC in VENTURE connection with the formation of a global commodities trading joint venture with Sempra Energy The joint venture, RBS Sempra Commodities LLP, combined the commodities trading operations held by various subsidiaries of Sempra Energy in a transaction valued at approximately $2.6 billion. The joint venture represents a unique combination of an industry leading commodities operation with one of the world’s largest banking and financial services operations. TRACTABEL PERU Representation of Tractabel Peru in connection with the auction process for Electro Andes. Electro Andes is an electricity transmission company operating in the Lima metropolitan region. TXU CORP. Representation of Kohlberg Kravis Roberts & Co. and Texas Pacific Group in connection with the acquisition of TXU Corp., a Dallas-based energy company, which is the largest power producer in Texas, in a transaction valued at $45 billion. The transaction was the largest leveraged buyout ever completed and was also notable for environmental commitments made by the acquirers. The Firm also represented KKR and TPG in connection with the related acquisition financing and tender offers. Page 4 Capital Markets COMPANY TYPE OF TRANSACTION AND REPRESENTATION BRENCO PRIVATE PLACEMENT Representation of Goldman, Sachs & Co. as placement agent in connection with an initial equity offering by BRENCO which raised approximately US$200 million. BRENCO is a start-up company that intends to become a large-scale, low-cost producer of sugarcane-based ethanol and to participate in the expanding market for bio-fuels. CIMAREX ENERGY CO OFFERING Representation of JPMorgan, Lehman Brothers and the other underwriters in connection with the offering of $350 million 7.125% Senior Notes due 2017 by Cimarex Energy Co. Cimarex is a Denver based independent oil and gas exploration and production company. CONNACHER OIL AND GAS LIMITED Representation of Connacher Oil and Gas Limited in OFFERING. connection with its high yield offering of US$600 million of 10.25% Senior Secured Notes due 2015. Connacher is a Calgary-based crude oil and natural gas exploration, development and production company primarily focused on the development and production of oil sands on its 95,000 acres of oil sands leases near Fort McMurray, Alberta. CORRAL FINANS AB (PUBL) Representation of Deutsche Bank AG, London Branch, as underwriters, in connection with the offering by Corral Finans AB (PUBL) of €355 million Floating Rate Split Coupon Notes due 2010 and $350 million Floating Rate Split Coupon due 2010. Corral is the holding company of Preem Petroleum, one of Europe’s largest independent oil refining companies. Page 5 Capital Markets COMPANY TYPE OF TRANSACTION AND REPRESENTATION COSAN, LTD IPO Representation of Credit Suisse, Goldman Sachs and Morgan Stanley, as underwriters, in connection with the global initial public offering of US$1.2 billion Class A common shares (111,678,000 shares) of COSAN, Ltd. The Class A common shares, which were registered with the U.S. Securities
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