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2005
Acquisitions
Monthly
Domestic Deal of the Year
Coral Eurobet's £2.2 billion sale to Gala Group (sole financial
advisor to Charterhouse and Coral Eurobet)
Cross-Border Deal of the Year
UniCredit's €18.9 billion public tender offer for HVB Group
and Associated Holdings (exclusive financial advisor to the supervisory
board of HVB Group)
The
Banker
Lehman Brothers Recognized With Eight Deal
of the Year Awards
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Deal of the Year in Singapore
Avago Technologies - $1 billion global bond offering (joint
bookrunner) |
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Deal of the Year in Portugal
Espírito Santo Financial Group - €500 million stapled
warrant and income-note guaranteed securities offering (SWInGSTM)
(sole manager) |
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Deal of the Year in Luxembourg
Permira and KKR - €1.6 billion senior secured loan facilities
for leveraged buyout of SBS Broadcasting (lead arranger of acquisition
financing) |
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Deal of the Year in The Netherlands
Postbank - Stichting Memphis 2005-I €3 billion residential
mortgage-backed securitization (joint lead manager, joint arranger
and joint bookrunner) |
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Deal of the Year in Greece
Telecom Italia Mobile - €2.5 billion sale of 80.87% stake
in TIM Hellas to Apax Partners and Texas Pacific Group (joint
advisor to Telecom Italia Mobile; and co-lead manager on acquisition
financing) |
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Deal of the Year in the U.S.
Kerr-McGee - Defense from Carl Icahn (joint financial advisor) |
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Deal of the Year in Germany
HVB Group - UniCredit's €18.9 billion public tender offer
for HVB Group and Associated Holdings (exclusive financial advisor
to the supervisory board of HVB Group) |
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Deal of the Year in Italy
ABN AMRO - €2.5 billion capital increase and €5.7
billion offer on 87.3% stake in Banca Antonveneta (joint bookrunner
on capital increase; and financial advisor to ABN AMRO for offer
on Banca Antonveneta) |
Buyout$
Large Lender of the Year
Credit
Securitization Deal of the Year
Whinstone Capital Management – Northern Rock's £423 million
funded synthetic securitization of First Loss Risk Management (sole
structurer and joint bookrunner)
Euromoney
Lehman Brothers Named "Best Investment
Bank"
In its 2005 Awards for Excellence issue, Euromoney named
Lehman Brothers "Best Investment Bank" and stated, "Whether
grudgingly or with grace, Lehman's competitors, from equity syndicate
heads to CEOs, acknowledge that Lehman has become one of its most
formidable, and feared competitors."
Euromoney took note of the fact that 40% of the Firm's total
net revenues in the second quarter of 2005 came from outside the
U.S. and said, "In the last 18 months Lehman Brothers has cemented
its position as a top-tier full-service investment bank, one which
is as confident as an equities house and M&A advisor as it has
been in fixed income, the business for which it is best known."
Euromoney also recognized Lehman Brothers with several other
awards, including "Best Credit Derivatives House," "Best
Debt House in North America," "Best Debt House in USA,"
"Best Debt House in Italy," "Best Equity House in
Israel" and "Best Equity House in the Netherlands."
FIG Innovation of the
Year
Lehman Brothers' $300 million enhanced capital advantaged preferred
securities (ECAPSSM)
Asia Innovation of the
Year
Taiwan Asset-Backed Commercial Paper Program (sole arranger)
FIG Deal of the Year
UniCredit's €18.9 billion public tender offer for HVB Group
and Associated Holdings (exclusive financial advisor to the supervisory
board of HVB Group)
Structured Credit Deal
of the Year
Hertz's $4.3 billion leveraged buyout-related asset-backed securities
(structuring advisor and joint bookrunner)
EuroWeek
Best Mezzanine Loan Arranger
Best LBO Loan of the Year
Gala Group's £2.81 billion debt financing following the acquisition
of Coral Eurobet (mandated lead arranger and bookrunner)
Foreign Policy
Association
Lehman Brothers Receives Corporate Social
Responsibility Award
The Foreign Policy Association recognized Lehman Brothers with its
Corporate Social Responsibility award on February 23, 2005. Richard
S. Fuld, Jr., chairman and chief executive officer, accepted the
award on the Firm's behalf at a dinner that honored Lehman Brothers
for its, "commitment to social responsibility as evidenced
by its employees' numerous not-for-profit associations." Over
the last decade, the Foreign Policy Association has recognized companies
that are committed to good corporate citizenship in the communities
they serve with its Corporate Social Responsibility award.
Global Custodian
Lehman Brothers Repeats #1* Ranking in Prime
Brokerage Survey, Winning 29 Best in Class Awards
Lehman Brothers ranked #1 in the total number of awards for the
second year in a row in the Global Custodian 2005 Prime Brokerage Survey. The Firm won 29 out of a total of 42
Best in Class awards categories, more than any other prime brokerage
firm.
Lehman Brothers earned a #1* ranking in the Best in Class awards
for the following categories: Multistrategy Funds, Single Strategy
Funds, International Funds, Client Service, Securities Lending,
Financing, Capital Introduction, Technology, Operations and Reporting.
* Based on the total number of awards.
Global Finance
Lehman Brothers Named "Best Investment
Bank" in the Power and Healthcare Sectors
Global Finance named Lehman Brothers the "Best Investment
Bank" in both the power and healthcare sectors. In selecting
2005 award winners, the publication's editors — with input
from analysts and industry experts — used a series of criteria
including market share, customer service and advice, structuring
capabilities, distribution network, efforts to overcome difficult
market conditions, innovation, pricing, and after-market performance
of issues.
International
Financing Review
On December 17, 2005, International Financing Review (IFR)
announced its 2005 Annual Awards — one of the securities industry's
most prestigious awards programs. We are pleased to announce that
Lehman Brothers was honored with several awards. The following are
excerpts from IFR's 2005 Annual Awards edition:
U.S. Equity House of the
Year
"From the integration of debt and equity capital markets, to
the inclusion of derivatives, tax and accounting specialists, Lehman
Brothers has been a trailblazer in shaping the modern form of capital
markets in the U.S."
Lehman Brothers' 2005 U.S. league table improvement "reflects
the contributions of a dedicated global finance solutions group
that utilises tax, accounting, and derivatives expertise into capital-markets
transactions."
U.S. Structured Equity House
of the Year
"From research to sales and trading, and ultimately to capital
markets solutions, [Lehman Brothers'] measured approach was a valuable
resource in 2005 in a convertible bond market that is dominated
by technical hedge fund investors."
"By sticking to its knitting of fundamental analysis across
the capital structure, Lehman Brothers was a trusted advisor in
a difficult market in 2005."
European Leveraged Loan
House of the Year
"Far from playing safe, [Lehman Brothers] consistently strived
to redefine the market, both in terms of pricing and innovation."
"Lehman Brothers' impressive list of mandates demonstrates
a franchise one would normally associate with the largest commercial
banks ... The year's performance was far from anomalous. Lehman
Brothers has led the largest or second largest sponsor-driven LBO
in the market every year since 2002."
North American Securitization
House of the Year
"As U.S. interest rates have slowly risen, leaving little room
for further growth in mortgage lending, [Lehman Brothers'] innovation
in other structured finance sectors allowed it to grow."
Lehman Brothers "managed to leverage off its intellectual capital
and engage in fledgling and new securitised asset classes."
U.S. Dollar Bond House of
the Year
"[Lehman Brothers] not only maintained its overall market presence,
but also led the charge into the preferred space by ... developing
new products and tailoring transactions to fit borrowers' needs."
"The crowning achievement of [Lehman Brothers'] efforts ...
was the creation of its Enhanced Capital Advantaged Preferred Securities
(ECAPS)."
"Lehman Brothers is the most innovative in the preferred space,
just doing things you won't see elsewhere."
Lehman Brothers Associated
With Eight Additional International Financing Review Awards
The Firm was recognized in association with the following deal-related
awards:
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Financial Bond of the
Year (Subordinated Debt)
Lehman Brothers - 60-year ECAPS ($300 million) |
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Financial Bond of the Year (Senior
Debt)
Santander - $4 billion floating rate notes (joint lead manager) |
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European High Yield Bond of the Year
TIM-Hellas - €1.3 billion two-tranche bond (joint lead
manager) |
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European
IPO of the Year
TomTom - €539 million IPO (joint bookrunner) |
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European
Securitization of the Year
Whinstone Capital Management - £423 million funded synthetic
securitization of first loss risk (sole structurer and joint
bookrunner) |
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North American Securitization of
the Year
Crown Castle - $1.9 billion securitization (joint bookrunner)
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Corporate Borrower/North American
Borrower of the Year
Wal-Mart - $2.5 billion 30-year bond (joint lead manager) |
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Sovereign Borrower of the Year
Turkey - 2 billion 20-year bond (joint bookrunner) |
International
Securitisation Report
Residential Mortgage Backed Securities Arranger
of the Year
Deal of the Year
€3.7 billion securitization of senior loan and real estate
fund for the Italian Ministry of Economy and Finance (joint arranger
and placement agent)
Residential Mortgage-Backed
Securities Deal of the Year
Whinstone Capital Management – Northern Rock's £423 million
funded synthetic securitization of First Loss Risk Management (sole
structurer and joint bookrunner)
Latin Finance
Best Cross-Border M&A Deal of the Year
Bavaria's $7.1 billion merger with SABMiller (financial advisor)
Posse Foundation
Lehman Brothers Honored for its Contribution
to Diversity
On May 25, 2005, Lehman Brothers received the Posse Foundation's
first ever corporate "Posse Star" award, recognizing the
Firm's contributions to developing young leaders of diverse backgrounds.
Ted Janulis, Lehman Brothers' global head of Investment Management,
accepted the award on behalf of the Firm. Lehman Brothers has a
long and successful partnership with the Posse Foundation, and this
summer, over 40 Posse Scholars will intern at the Firm. The Posse
Foundation is a leadership scholarship program which awards college
scholarships to exceptional young leaders from public schools in
New York, Boston, Chicago, Los Angeles, and Washington D.C.
Project Finance
North American Single Asset Power Deal of
the Year
La Paloma Generating Co.'s $580 million sale of the project to
Complete Energy Holdings, LLC (financial advisor to La Paloma Creditor
Group)
Best Oil and Gas Deal of the
Year
Ras Laffan Liquefied Natural Gas Company Limited II/3's $2.25 billion
senior secured notes offering (joint bookrunner)
Project
Finance International
Bond House of the Year
Race for Opportunity
Lehman Brothers Awarded a “Gold Standard”
for Commitment to Diversity
Race for Opportunity, a U.K.-based
organization focused on promoting the business case for racial diversity,
awarded Lehman Brothers a “Gold Standard” in its annual
evaluation of the progress in racial diversity at 180 private and
public sector organizations in the U.K.
Overall, Lehman Brothers’ racial diversity initiatives received
a score of 83%, up from 56% in 2004. Race for Opportunity charts
progress by evaluating a number of areas including leadership, policy
and planning, and communication.
Securities Industry
Association
Award for Innovative Leadership in Diversity
Lehman Brothers' Partnership Solutions Group (PSG) was honored with
the Securities Industry Association's (SIA) 2005 Innovative Leadership
diversity award for employing a creative approach to diversity.
The Firm won for PSG's commitment to develop strategic business
opportunities with minority- and women-owned financial services
firms. PSG exemplifies how diversity activities can be mutually
beneficial by creating and cultivating relationships within potentially
lucrative and growing markets.
"The markets we serve are less homogeneous than ever,"
said James Gorman, SIA Incoming Chairman. "To stay on top,
we need to make sure our industry looks like the world around us,
which means getting our fair share of clients and employees who
are diverse in terms of race, ethnicity, nationality, gender and
sexual orientation. We honor Lehman Brothers for its effort in striving
to meet these goals."
At the core of Lehman Brothers' diversity strategy is a commitment
to maintaining a diverse and inclusive workplace that reaches beyond
internal practices and policies. The
Partnership Solutions Group, established in May 2004, is an
example of the Firm's diversity commitment applied to commercial
activities.
The transactions mentioned herein appear as a matter of record only.
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