White & Case advises banks on Assemblin's €660 million high yield bond and financing facility

Global law firm White & Case LLP has advised Deutsche Bank, J.P. Morgan and Nordea Bank as mandated lead arrangers on a €480 million high yield bond and €180 million revolving guarantee pension facility arranged for Assemblin.

The proceeds of the bond were used to refinance existing debt and an acquisition bridge related to Assemblin's transfer to a continuation fund.

Headquartered in Stockholm, Assemblin is a Nordic technical installation and services specialist focussed on electricity, heating, sanitation, ventilation and automation. It has operations in Sweden, Norway and Finland, annual sales of more than SEK 14 billion and approximately 7,000 employees across 100 locations in the Nordics. 

The White & Case team which advised on the transaction was led by partners Magnus Wennerhorn (Stockholm), Shane McDonald and James Greene (both London) and included partners Michael Bark-Jones (Stockholm), Tanja Törnkvist and Mikko Hulkko (both Helsinki) and associates Erik Holm, Emelie Söderman (both Stockholm), Olga Lehtonen (Helsinki), Jack Elliott and Phil Houten (both London).

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