Brazil – Appraisal with Latinvest / Banco Icatu of tactical options, resource requirements and privatisation process in preparation for advising BNDES, Brazil, on the privatisation of Embraer.

UK – Financial Advisors to Hawker Siddeley on the valuation of the group and the structuring of the merger with British Aircraft Corporation to create the present BAe. Also financial advisors to the Hawker Siddeley Group on the acquisition of Gardner Diesel and of Onan Corporation Inc.