Global law firm White & Case LLP has advised Carlyle Global Credit, the credit platform of global investment firm Carlyle (NASDAQ: CG), on its strategic capital package to the Jordanes group.
"Carlyle's investment in Jordanes will enable the group to consolidate its position as a leading Scandinavian brand house of iconic consumer brands," said White & Case partner Ken Barry, who led the Firm's deal team. "It is the latest in a number of deals on which we have advised Carlyle and another example of the strength and depth of our expertise advising financial sponsors on their significant international transactions."
As part of the transaction Carlyle will provide a NOK 2.75 billion debt financing package to a newly incorporated company, Jordanes Holdco 2 AS, which will be used to finance the management buyout and for the refinancing of the Jordanes group.
Founded in 2007, Jordanes is an established Scandinavian brand house focusing on everyday products and services. Jordanes owns and operates a diverse portfolio of brands, including Synnøve, Sørlandschips, Peppes Pizza, Bodylab and Backstube.
The White & Case team in London which advised on the transaction was led by partner Ken Barry and included partners Peter Mason and Will Smith and associates Irina Fogarty, James Charteris-Black, Theon Richards, Alec Buchanan and Natasha Okoye.
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