Link: Amtrol Home Page

Amtrol is the leading producer of water system and hydronic heating/cooling system products in the United States. Technology developed by Amtrol's founders, the late Chester Kirk and his brother, Ken Kirk, revolutionized the industry and enabled Amtrol to become the dominant firm.

The acquisition of Crystal Steel Corporation was a strategic, vertical integration transaction.

Link: Iron Mountain Home Page

Founded in the late 1970s, Iron Mountain (NYSE:IRM) is the largest and most successful off-site document and data storage company in the United States.

This private placement provided funds for several acquisitions in anticipation of the company's IPO. The total market value of December 1, 1997 was about $ 460 million.

Link: EmCare Home Page 
Link: Welsh, Carson, Anderson & Stowe Home Page 

EmCare (NASDAQ:EMCR) is one of the most successful leveraged buyout deals in the history of the LBO industry.

Founded in the 1970s, EmCare Holdings, Inc. is one of the largest and most successful physician practice management companies (PPMCs) in the United States.

In February, 1992, this $29 million recapitalization of the company by Welsh, Carson, Anderson & Stowe, a blue chip private equity fund, closed at a valuation of about $4.00 per share. Financing from this transaction enabled the company to complete several acquisitions and make internal investments to upgrade its information processing and management control systems.

In December, 1994, EmCare completed an IPO at $11.00 per share. In September, 1997, Laidlaw, Inc. (NYSE:LDW; TSE and ME:LDM) successfully tendered for all outstanding shares of EmCare at a price of $38.00 per share in cash. The value of this transaction was more than $400 million.

Link: 3Com Home Page

Chipcom (NASDAQ:CHPM) is one of the most successful investments in the history of the venture capital industry.

In the early 1980s, Charles River Ventures provided $500K in seed capital to found Chipcom. The goal was to develop and market Ethernet modems and other high-speed network devices.

This follow-on financing, led by Charles River Ventures and AEGIS Fund, enabled Chipcom to develop begin selling commercial versions of its first group of products.

After completing an IPO and establishing a solid record of revenue growth as a public company, Chipcom was acquired by 3Com Corporation (NASDAQ:3COM) for about $800 million.

Link: American Express Corporation

At the time of this work, American Express International Bank operated a network of asset-based lending units and joint ventures in several countries in Europe and South America. Analytical methods and computer software systems developed by Mr. Van Slyke was used to price transactions and manage portfolios of assets and liabilities, including multiple currencies, for all of these entities.

After several years of building the portfolio, AMEX sold these business units to a large Swiss banking and financial services firm.

Links: Harvard University
Link:  Harvard Medical School

The Medical Area Total Energy Project (MATEP) is a cogeneration industrial electricity, steam, and chilled water facility that serves the Harvard Medical School and 16 teaching hospital affiliated with HMS.

Links: Harvard University
Link: John F. Kennedy School of Government

University Place is a landmark real estate development in Cambridge, MA near Harvard Yard. The development includes Harvard University's John F. Kennedy School of Government, the Charles Hotel, as well as commercial space and residential condominium apartments.

Link: Scantron Corporation Home Page

This transaction was completed in 1971. At that time, the Scantron deal was one of the largest and most successful investments made in the venture capital industry.  The total size of the venture capital industry was only about $140 million.

This financing from Crocker Capital and Exxon Enterprises supported early-stage development of Scantron Corporation. The company subsequently grew to dominate the California educational test scoring market, and it ultimately became the leading supplier of educational test scoring and mark-sensor data collection products in the United States.

Significantly, 35 years later, the Scantron test scoring machine continues to be the market leader in its category.

Link: Providence Journal Company
Link: AT&T Corporation

At issue for shareholders of the Providence Journal Company was the fairness and implied valuation of a proposal by Continental Cablevision proposed to acquire all of the CATV systems of PJC. At the time of this transaction, Continental Cablevision was the 4th largest multi-system operator in the United States.

Following the closing of this transaction, Continental Cablevision was acquired by U.S. West, a regional Bell operating company. Thereafter, the name Continental Cablevision was changed to Media One. Media One was subsequently acquired by AT&T Corporation. Thereafter, AT&T was restructured. Certain CATV assets were sold to other companies. SBC Communications then acquired AT&T Corporation. During 2006, SBC Communications acquired Bell South, one of the regional Bell operating companies, and has merged the operations of Bell South with its SBC's Cingular wireless division. SBC then renamed itself AT&T Corporation.

Today, all of these surviving companies are being re-branded under the AT&T name and logo. AT&T's focus is on delivering broadband services, including CATV programming and high speed internet access, and wireless voice and data services to residential and business customers.

Link: Providence Journal Company
Link: A. H. Belo Corporation

At issue in this matter was the fairness and implied valuation for shareholders of the Providence Journal Company of the proposal to restructure the remaining Providence Journal Company after the sale of it CATV assets to Continental Cablevision.

At the time of this transaction, Providence Journal Company was a privately-owned, diversified media company that operated the Providence Journal Newspaper as well as several TV stations, and one of the largest collections of CATV systems in the United States.

In connection with the sale of all CATV systems to Continental Cablevision, all remaining assets of the Providence Journal Company were reorganized and recapitalized in a new business entity, New Providence Journal Company (NASDAQ:PJC), which then completed an IPO.

Subsequently, Providence Journal Company was acquired by another large public media company, A.H. Belo Corporation.

Since the Providence Journal Company had always been a secretive firm that made minimum possible disclosures to shareholders, two key challenges in this project were that of (a) uncovering reliable basic information upon which to base a definitive analysis and (b) anticipating and evaluating what downstream options the proposed transaction might create/foreclose.

Link: Sullivan & Cromwell
Link: E & J Gallo Company

At issue for E. & J. Gallo Winery, Inc., and Ernest Gallo and Julio Gallo was an out-of-the-blue lawsuit brought in a California jurisdiction by a little-known third Gallo brother, Joseph, for 1/3 of all of the equity of E&J Gallo Winery, Inc., including all of its subsidiaries, affiliates, and unrelated assets.

Our litigation support and valuation challenge case included calculating the fair market value of the equity of E.&J. Winery, Inc. at six different points in the company's history beginning with the founding of the company in 1928 by Ernest and Julio Gallo based on the contents of an underground tank containing about 10,000 gallons of grapes and stems and some leased vineyards.

Our work involved assembling evidence and calculating the fair market value of E & J Wine Company at six different points in its history beginning with the time immediately after the tragic death of the father of the Gallo brothers and his wife in the late 1920s. As one might expect, massive amounts of information were involved, including data about the company, the industry, competition, consumer and trade markets, capital market conditions, and so on.

Link: Waterville Valley Home Page

Waterville Company, Inc. was founded in 1969 by Tom Corcoran, who is a graduate of Dartmouth College and former member of the U.S. Ski Team at the 1960 Winter Olympic Games in Squaw Valley. The development Tom started at Waterville Valley quickly became one of the largest ski areas an destination resorts in New Hampshire. Waterville Valley also has been the site of a number of World Cup alpine ski races, including the World Cup Finals in 1995.

At the time of this recapitalization transaction, the U.S. economy and the ski industry in New England were being severely tested in the aftermath of the Arab Oil Embargo. Core inflation in the U.S. was out of control. Short term interest rates were in the range of 24 percent, and long rates, including mortgage loans, were in the neighborhood of 16 percent.

Furthermore, owing to the failure of several major banks, including Penn Square Bankcorp and the Bank of New England. Even before Paul Volker became chairman of the Federal Reserve Board and raised interest rates to control inflation, was very little liquidity in many parts of the U.S. financial system.