Represented ABN AMRO, BNP Paribas, CIBC World Markets PLC, ING Bank N.V. and Lehman Brothers International (Europe) as mandated lead arrangers in connection with the €1 billion acquisition of the Van Gansewinkel Group. The acquisition was a bolt-on to the existing AVR facility and it involved a debt element of €845 million.
Represented Leaf Italia S.r.l in relation to a facility with Svenska Handelsbanken AB for the acquisition of Cadbury Italia SpA (renamed Saila SpA).
Represented BNP Paribas and Royal Bank of Scotland Group PLC, as lead arrangers, for the US$2.9 billion international fleet bridge loan facilities backing the sponsor group's acquisition comprising Clayton, Dubilier & Rice, Inc., The Carlyle Group and Merrill Lynch Global Private Equity to help finance their US$15 billion acquisition of The Hertz Corporation. The international fleet bridge loan facilities provide financing in 12 countries.
Represented Deutsche Bank in connection with a bridge loan of approximately £180 million and related bridge documentation for an acquisition by Castle Harlan of Polypipe Building Products from vendor IMI plc. We subsequently acted for Deutsche Bank AG London as lead arranger on the issue by Pipe Holdings plc of £122 million 144A/Reg S Senior Secured Notes and £66 million 144A/Reg S Senior Unsecured Notes.
Represented CIBC and JPMorgan on a bolt-on acquisition of the Flint Ink Group by way of amending and restating the BASF Drucksysteme GmbH/ANI Printing Inks senior facilities agreement to include a further term debt, cash bridge and a second lien facility—the total amounting to US$1.35 billion new term facilities and a €60 million increased revolver.
