J.P.Morgan Investment Banking
APPENDIX
Premiums paid - LBO deals
Based on all leveraged buyouts greater than $1bn 2004-present (27)
Date Announced Date Effective
1/30/2006
NA
NA
NA
NA
NA
1/22/2006
12/19/2005
11/20/2005
11/10/2005
11/9/2005
11/8/2005
10/24/2005
10/3/2005
9/15/2005
6/17/2005
6/14/2005
6/7/2005
6/3/2005
5/2/2005
3/28/2005
3/17/2005
3/7/2005
2/15/2005
2/4/2005
12/5/2004
10/20/2004
7/21/2004
5/3/2004
4/20/2004
3/22/2004
3/5/2004
Median
Mean
JPMorgan
1/25/2006
NA
2/7/2006
12/28/2005
NA
9/27/2005
8/16/2005
9/30/2005
NA
10/6/2005
8/11/2005
7/21/2005
12/16/2005
NA
9/16/2005
3/22/2005
12/10/2004
4/13/2005
8/4/2004
8/20/2004
8/20/2004
5/12/2004
Target Name
Fairmont Hotels & Resorts
Sports Authority Inc
Town & Country Trust
Beverly Enterprises Inc
SERENA Software Inc
La Quinta Corp
Linens n Things Inc
Amli Residential Ppty Trust
Shopko Stores Inc.
UICI
CRT Properties Inc
Wyndham International Inc
Gables Residential Trust
Acxiom Corp
Neiman Marcus Group Inc
Sun Gard Data Systems Inc
Toys "R" Us Inc
Insight Communications Co Inc
Circuit City Stores Inc
John Q Hamm ons Hotels Inc
Sola International Inc
Boca Resorts Inc
Texas Genco Holdings Inc
Keystone Property Trust
PanAm Sat Corp
US Oncology Inc
Extended Stay America Inc
Acquiror Name
Colony Capital & Kingdom Holdings
Investor Group
Magazine Acquisition GP LLC
Fillmore Capital Partners LLC
Silver Lake Partners
Blackstone Group LP
Investor Group
Prime Property Fund
Investor Group
Investor Group
DRA Advisors LLC
Blackstone Group LP
Investor Group
ValueAct Capital Partners LP
Investor Group
Investor Group
Investor Group
Investor Group
Highfields Capital Mgmt LP
Investor Group
Investor Group
Blackstone Real Estate Advisor
Investor Group
Investor Group
Investor Group
Welsh Carson Anderson & Stowe
Blackstone Group LP
Value of Deal (Smil)
$3,900.00
1,371.13
1,470.96
1,913.96
1,086.90
2,940.56
1,267.84
1,959.83
1,145.51
1,719.09
1,557.89
3,099.42
2,425.88
2,588.17
5,193.99
10,844.35
6,114.41
3,307.31
2,404.57
1,235.15
1,083.17
1,188.15
2,886.02
1,375.61
4,681.62
1,282.16
3,181.58
1-day
28.10%
19.96
32.67
6.56
2.74
36.86
7.94
20.72
13.63
19.04
15.4
18.56
14.11
35.28
33.77
44.28
16.96
21.38
19.47
2.96
26.63
27.93
28.36
17.01
5
18.5
24.6
19.47%
20.68%
1-week
40.58%
26.01
32.28
5.66
7.29
33. 14
14.89
22.72
16.23
17.08
17.15
19.79
19.47
32.98
37.38
41.5
21.64
23.68
18.38
20
33.9
30.65
42.16
14.2
1.42
20.3
26.29
21.64%
23.58%
1-month
38.80%
20.74
34. 13
9.55
24.35
40.8
16.95
19.05
17.88
19.89
18.7
19.79
17.09
28.27
38.46
37.29
23.21
12.54
19.55
18.22
42.49
31.08
39.23
0.54
14.69
17.3
27.44
19.89%
24.00%
PROJECT PLATO
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