United Kingdom

BHP Billiton Plc (metals and mining)advised on the financial restructuring of global mining group through a 6 year period until 2001 with activities including the structuring and placement of a comprehensive US$ 1.5 billion core bank syndicated loan facility that assisted in the successful relocation from South Africa to the UK and listing on the FTSE 100, and US$ 100 million convertible buy-back program.

Fazakerley Prison (PPP) - structuring and placing a STG£ 95.5 million financing to design, build and operate a private prison in the UK for the sponsors Tarmac and Group 4. This was the first Private Finance Initiative project financing, which established the framework for all subsequent PFI and PPP projects.