Experience

• Clean Tech | Renewable Energy

• • OCS Group, a global facilities services business and Clayton, Dubilier & Rice portfolio company, in the £1.08 billion refinancing of its existing term and revolving credit facility.
  • B&M in its offering of £250 million aggregate principal amount of 6.500% senior secured notes due 2031.
  • Wm Morrison Supermarkets in the amendment and extension of its term loan facilities and revolving credit facility.
  • Clayton, Dubilier & Rice in the financing aspects of its bid for a controlling stake in Opella, the French-headquartered consumer healthcare company, valuing the company at c.€16 billion.
  • Alaska Air Group in its $2.85 billion financings consisting of a $2 billion loyalty secured senior notes offering and term loan facility and a new $850 million revolving credit facility.
  • Sylvamo in the refinancing of its capital structure, including amending a $625 million credit facility and the establishment of a new $593 million credit facility.
  • Resolution Life in the offering of $500 million 8.25% notes due 2031.
  • Mobilux in the offering of €250 million aggregate principal amount of 7.00% senior secured notes due 2030 and the concurrent upsize of a revolving credit facility from €139.5 million to €210.0 million.
  • Lovell Minnick in the financing aspects of the merger between wealth management companies London & Capital and Waverton. Lovell Minnick was London & Capital’s majority shareholder, and takes a majority shareholding in the combined business.
  • Wm Morrison Supermarkets in the successful completion of its debt reduction exercise.
  • Ambac in its acquisition of a majority stake in Beat Capital Partners in a transaction valued at approximately $282 million.
  • Relevant parties in the financing aspects of the £2.5 billion acquisition of 337 petrol forecourts in the UK, and more than 400 associated sites.
  • Kaspi.kz, a leading payments, marketplace and FinTech platform in Kazakhstan, in its $1 billion U.S. IPO.
  • B&M in the offering of £250 million of 8.125% senior secured notes due 2030, as well as the concurrent tender offer of a portion of its existing 3.625% senior secured notes due 2025.
  • The Evercare Group in equity and debt financing aspects of its sale of a majority shareholding in CARE Hospitals to private equity funds managed by Blackstone.
  • Rexel in the placement of €400 million of 5.250% unsecured senior sustainability-linked notes due 2030.
  • Glendower Capital in the financing aspects of the formation of its Secondary Opportunities Fund V, a $5.8 billion global secondary private equity fund.
  • Avenue Group, the Kenyan healthcare provider, in financing aspects of an investment by IFC.
  • B&M in the refinancing of its existing senior credit facilities with a new senior facilities agreement, which comprises a £225 million term loan facility and a £225 million revolving credit facility.
  • All Seas Capital in the formation of All Seas Capital I, a $400 million debut pan-European private fund.
  • Tikehau Capital in its $300 million inaugural collateralized fund obligation.
  • The Evercare Group wholly owned by the Evercare Health Fund, in the financing aspects of its sale of a majority shareholding in Metropolitan Hospital Holdings Limited to The Metro Group.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisitions of Atalian and OCS to create a global facilities management platform.
  • Market Bidco Finco Plc, an indirect subsidiary of funds managed or advised by Clayton, Dubilier & Rice, in the offerings of £1.075 billion and €545 million of senior secured fixed rate notes relating to the financing of CD&R’s acquisition of Wm Morrison Supermarkets Limited.
  • Certain holders of second lien term loans issued by Integro Parent Inc., part of Tysers Insurance Brokers, Ltd., a leading Lloyds independent broker, in a transaction under which AUB Group Limited will acquire Tysers from Odyssey Investment Partners for $615.2 million.
  • Resolution Life, a global life insurance group, in its $2 billion multicurrency term and revolving facility agreement in connection with its reinsurance of $35 billion in fixed indexed annuities of Allianz Life.
  • Canopius, a Centerbridge Partners portfolio company and a leading global specialty (re)insurer, in its $780 million loss portfolio transfer agreement with RiverStone International.
  • Smartly.io, the leading social advertising platform, in its acquisition of Ad-Lib.io, the creative optimization platform.
  • PJSC Polyus in its $700 million Eurobond offering of 3.25% notes due 2028 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $605.3 million.
  • Development Partners International in the formation of African Development Partners III Fund, a $900 million fund investing in innovation-led companies in Africa.
  • Glendower Capital in the financing aspects of its strategic partnership with CVC, creating a combined group with total assets under management of approximately €113 billion.
  • Clayton, Dubilier & Rice in financing aspects of its £7 billion recommended cash offer for Morrisons.
  • Ambac in the issuance and sale by Sitka Holdings, its newly formed special purpose entity, of its $1.175 billion aggregate principal amount of LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026.
  • Clayton, Dubilier & Rice in the financing aspects of its $3.7 billion take-private acquisition of UDG Healthcare.
  • Park Square Capital in the formation of Park Square Capital Partners IV, a €2.2 billion subordinated debt fund.
  • Clayton, Dubilier & Rice in the financing aspects of its £308 million acquisition of Wolseley UK, a leading distributor of plumbing, heating and climate products.
  • An infrastructure fund managed by EQT in a subscription facility of initially €2.7 billion (with an upper limit of around €5 billion) with a large club of lenders. The facility incorporates innovative environmental, social and governance mechanics, which impact the margin payable to the lenders.
  • AIG's Lloyd's Syndicate 2019 in its Tier 1 Funds at Lloyd's facility.
  • Aveva Group, a global leader in industrial software, in the financing aspects of its $5 billion acquisition of OSIsoft.
  • A flagship private equity fund managed by EQT in a subscription facility of initially more than €2.3 billion (with an upper limit of €5 billion) with a large club of lenders. The facility incorporates innovative environmental, social and governance mechanics, which impact the margin payable to the lenders. At the transaction date, it is the first ESG-linked subscription facility of this size across the global fund finance markets. The work was recognised by the British Legal Awards in naming Debevoise as its Banking and Finance Team of the Year.
  • A direct lending fund in its €60 million PIK financing term loan, the proceeds of which provided an equity injection to an Italian borrower, which was a condition to the restructuring of its senior debt.
  • A direct lending fund in its $125 million Norwegian Bond for Virzt, a Nordic Capital portfolio company.
  • GreyCastle in the financing aspects of its sale to Monument Re.
  • Clayton, Dubilier & Rice in the financing and tax aspects of its £400 million acquisition of Huntsworth.
  • Norilsk Nickel in the increase and extension of its unsecured syndicated facility, originally for up to $2.5 billion and signed in December 2017, with a syndicate of 25 international banks for up to $4.15 billion.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in the financing aspects of its $1.25 billion acquisition of Voya Financial’s individual life in-force business.
  • VINCI Energies in the financing aspects of its acquisition of Converse Energy Projects (now Actemium Energy Projects or AEP) from Schneider Electric; AEP is a leading provider of turnkey industrial power distribution solutions in Germany.
  • Pret a Manger in the financing aspects of its acquisition of EAT, a British food and drink retailer.
  • Carlyle in the financing aspects of its $1.8 billion acquisition, with T&D Holdings, of a majority interest in Fortitude Re.
  • hoch.rein in the financing aspects of its sale of chargeIT to stock-listed energy company Eneco; chargeIT was the largest independent player in the German market for charging systems for Electronic Vehicles, charging controllers and IT software.
  • Lovell Minnick in the financing aspects of its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
  • Lovell Minnick in its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
  • Navis Capital Partners in its subscription facility with JP Morgan for Navis Asia Fund VIII LP.
  • Rexel in its €600 million offering of 2.750% notes due 2026.
  • Schneider Electric in the formation of AlphaStruxure, a joint venture with Carlyle to develop energy management and automation solutions for critical transportation and infrastructure projects.
  • DBAY Advisors in the structuring and funding elements of its acquisition of Harvey Nash Group.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a controlling interest in Westbury Street, a leading independent contract caterer and hospitality services provider in the UK.
  • PowerTeam Services, a Clayton, Dubilier & Rice portfolio company, in its $150 million accounts receivable securitization facility with PNC Bank National Association.
  • Direct lenders providing second lien financing for the acquisition by Nordic Capital of Orchid Orthopedic Solutions.
  • Solenis International in its multi country accounts receivable factoring facilities with ING Luxemburg SA and MUFG Bank.
  • Drive DeVilbiss Healthcare in its $100 million accounts receivable factoring facility with ING Luxemburg SA.
  • Brand Industrial Services in its accounts receivable securitization facility with PNC Bank National Association.
  • Tranzact in a securitization facility with Leadenhall Capital Partners supported by insurance renewal commissions.
  • Motor Fuel Group in the financing and tax structuring of its £1.2 billion acquisition of MRH, the UK's largest petrol station and convenience retail operator.
  • Rexel in the amendment and extension of its €1.1 billion revolving credit facility, with Crédit Agricole Corporate and Investment Bank as facility agent and swingline agent.
  • Norilsk Nickel in its up to $2.5 billion syndicated term loan facility with an international syndicate comprising 17 banks and financial institutions.
  • Rexel in its €500 million offering of 2.125% notes due 2025.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
  • Clayton, Dubilier & Rice in its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
  • VINCI Energies in its acquisition of Horlemann Group.
  • VINCI Energies in the financing aspects of its acquisition of Horlemann Group.
  • Motor Fuel Group in the upsizing and repricing of its £360 million facility to a £565 million facility.
  • Metric Capital Partners in its €100 million subscription facility with Citibank.
  • Nornickel in its $1 billion Eurobond offering of 4.10% notes due 2023.
  • Rexel in its €300 million offering of 2.625% senior notes due 2024.
  • Caisse de dépôt et placement du Québec in its investment in Datamars.
  • Helios Investment Partners in its sale of a minority stake in Interswitch to TA Associates. Helios Investment Partners remains the majority shareholder following the transaction.
  • NLMK and its U.S. subsidiaries in a $250 million ABL facility.
  • B&M in its £250 million bond offering of 4.125% senior secured notes due 2022, and its related refinancing of certain of its existing senior credit facilities.
  • Norilsk Nickel in its $500 million credit facility with a syndicate of international banks.
  • PartnerRe in its €750 million debut Eurobond offering of 1.25% notes due 2026.
  • Apex Fund Services in its $40 million credit facility with Highbridge Principal Strategies.
  • A mid-market equity fund managed by EQT in €400 million of subscription facilities.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to the XXXLutz Group.
  • Clayton, Dubilier & Rice in the financing and certain other aspects of its acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to the XXXLutz Group.
  • Pernod Ricard in its $600 million bond issue due 2026.
  • Reynolds Group Holdings in the issuance of $2.1 billion senior secured fixed and floating rate notes and $800 million senior notes.
  • Rexel in its €650 million offering of 3.5% senior notes due 2023.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of Kalle.
  • NLMK in its $400 million pre-export finance facility.
  • Pernod Ricard in its €500 million offering of 1.875% notes due 2023.
  • UCI in its up to $125 million senior secured asset-based revolving credit facility.
  • Sacturino in its $5.5 billion loan facility for its take-private acquisition of Polyus Gold (valuing the company at approximately $9 billion).
  • Clayton, Dubilier & Rice in the financing aspects of its approximately £500 million acquisition, alongside management, of Motor Fuel Group.
  • SPIE in the financing aspects of its initial public offering.
  • NLMK Europe Plate Division in its €250 million revolving collateralized credit facility.
  • Haversham in the debt financing aspects of its approximately £1.2 billion acquisition of British Car Auctions.
  • Clayton, Dubilier & Rice in the financing aspects of its €1.2 billion acquisition of Mauser Group, one of the world’s leading industrial packaging companies.
  • Exova in its £260 million senior credit facilities agreement.
  • Exova in compliance points relating to its new financing arrangements.
  • AIA Group in its $1 billion Rule 144A placement in the United States.
  • Ontario Teachers’ Pension Plan in the formation of a joint venture with Aircastle to invest in leased aircraft.
  • American International Group in the proposed sale of up to 90% interest in International Lease Finance Corporation to a consortium of Chinese investors in a transaction with an implied enterprise value of $27 billion. (Terminated)
  • American International Group in the $7.6 billion sale of its 100% interest in International Lease Finance Corporation to NYSE-listed AerCap Holdings N.V.
  • Novolipetsk Metallurgical Kombinat (NLMK) in its €125 million facility agreement provided by the EBRD.
  • American Airlines in its agreements with Bombardier and Embraer to purchase, in aggregate, 90 new 76-seat regional jets with options to purchase up to 130 more.
  • Deutsche Bank and DaVinci 101 in the recapitalization of DaVinci 101.
  • Uralkali in its $1.025 billion syndicated loan secured by export sales of potash.
  • Norilsk Nickel in its $1 billion offering of 5.55% Loan Participation Notes due 2020 pursuant to Regulation S/Rule 144A.
  • NLMK in its €100 million revolving collateralised credit facility for NLMK Sales Europe.
  • Hardy Underwriting, Novae Group and RITC in their letter of credit facilities.
  • NLMK in a €70 million facility agreement between Duferco Clabecq S.A. as borrower, Duferco Participations Holding Limited and OJSC Novolipetsk Steel as guarantors and Coöperatieve Centrale Raiffeisen-Boernleenbank S.A. as lender.
  • DB Secondary Opportunities Fund D, LP in the €15 million uncommitted bridge facility provided by Lloyds TSB Bank PLC to DB Secondary Opportunities Fund D, LP to finance its investments going forward and to bridge investor calls for investments.
  • The executive management and certain other shareholders of Arrow Global Group in the company's £357 million initial public offering.
  • Sukhoi Civil Aircraft Company as seller in the purchase and leasing of three Sukhoi SuperJet 100 aircraft to Lao Central Airlines Public Company, with a financing provided by a major Russian bank.
  • Sukhoi Civil Aircraft in a put option agreement with Maple Aviation Leasing Gmbh relating to one Sukhoi Superjet 100 aircraft leased to PT Sky Aviation.
  • Norilsk Nickel in its $2.1 billion 5-year unsecured syndicated loan facility.
  • Uralkali in its $1 billion pre-export facility agreement provided by a syndicate of 14 international banks.
  • Polyus Gold International in its shareholder bridge loan to KazakhGold.
  • British Car Auctions in financing and tax matters relating to its acquisition of We Buy Any Car and through the negotiation of an amend-and-extend to its existing senior financing arrangements.
  • Norilsk Nickel in its $750 million Eurobond offering of 4.375% notes due 2018.
  • Uralkali in its debut $650 million Eurobond offering of 3.723% notes due 2018.
  • Polyus Gold International in its debut $750 million Eurobond offering of 5.625% notes due 2020.
  • Rexel in its concurrent €650 million offering of 5.125% senior notes and $500 million offering of 5.250% senior notes, both due 2020.
  • The Special Committee of the Board of Directors of Dell in litigation challenging the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
  • Oaktree Capital Management in the establishment of a revolving credit facility for certain portfolio companies within its European Principal Opportunities Fund III.
  • Clayton, Dubilier & Rice in its acquisition of a significant stake in B&M Retail.
  • Clayton, Dubilier & Rice in the £585 million senior secured credit facilities for its investment in B&M Retail.
  • WMG Acquisition in the incurrence of a $600 million “covenant lite” secured term loan facility and a $150 million secured revolving facility, as well as the issuance of $500 million 6.00% Senior Secured Notes due 2021 and €175 million 6.25% Senior Secured Notes due 2021 to refinance $1.25 billion of its secured notes.
  • Draexlmaier in drafting joinder agreements and a third amendment to a 2004 note purchase agreement.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • NLMK in its debut $500 million Eurobond offering of 4.95% notes due 2019.
  • Ontario Teachers’ Pension Plan in its acquisition of a minority stake in aircraft lessor Aircastle Limited.
  • A major Russian metals and mining company in a $1.5 billion pre-export finance facility with a syndicate of banks secured by export receivables.
  • Park Square Capital Partners in its mezzanine loan facility to a vehicle sponsored by Altor relating to Altor's acquisition of Pantheon (Fund of Funds) from Russell Investments.
  • Syniverse, a Carlyle portfolio company, in the $1.1 billion refinancing of its senior secured credit facilities.
  • Damien Guermonprez in forming a consortium with Apax Partners to acquire Cetelem Belgium.
  • DB Secondary Opportunities Fund in (a) the $15 million uncommitted bridge facility provided by Lloyds TSB Bank PLC to DB Secondary Opportunities Fund B, LP and (b) the $30 million uncommitted bridge facility provided by Lloyds TSB Bank PLC to DB Secondary Opportunities Fund C, LP, in each case to finance the fund’s investments going forward and to bridge investor calls for investments.
  • Park Square Capital Partners on the subscription-line financing facility provided by Barclays Bank Plc and Sumitomo Mitsui Banking Corporation to Park Square Capital Partners II and Park Square Parallel Partners II to finance the fund's investments going forward and to bridge investor calls for investments.
  • Blenheim Capital Services in matters relating to a facility provided by Barclays Capital to the Abu Dhabi Airport Company.
  • The Rank Group in extending its existing facility and the impact on the German Obligors.
  • Norilsk Nickel in its $1.5 billion pre-export finance facility arranged by a syndicate of international banks.
  • Independent Transport Company in the antitrust clearance of its acquisition of Freight One Company.
  • Universal Cargo Logistics Holding in its $4.2 billion acquisition of Freight One and the related $3.75 billion financing provided by a syndicate of banks.
  • HarbourVest Partners its $806 million acquisition of Absolute Private Equity, of which $200 million was financed by Deutsche Bank Trust Company Americas.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a 60% stake in Hussmann International, a leading global manufacturer of refrigerated display merchandizing equipment and refrigeration systems for the retail food industry, from Ingersoll Rand.
  • International Lease Finance Corporation in its $228 million acquisition of AeroTurbine from AerCap.
  • Aeroflot in its $4.2 billion purchase of 16 Boeing 777 aircraft.
  • Reynolds Group in its $4.5 billion acquisition of Graham Packaging Company.
  • A major Russian mining company in a $500 million secured bridge loan by Societe Generale to finance the acquisition of shares in Polyus Gold International relating to a tender offer.
  • Clayton, Dubilier & Rice, AXA Private Equity and Caisse de dépôt et placement du Québec in the financing aspects of their €2.1 billion acquisition of SPIE from PAI Partners, which included a €1.335 billion senior term and revolving credit facility and a €375 million bridge loan.
  • Najafi Companies in financing matters relating to its acquisition of DirectGroup France, Belgium, Switzerland and Quebec from Bertelsmann AG.
  • HarbourVest Partners in its $806 million acquisition of Absolute Private Equity, a Swiss publicly listed investment fund.
  • Reynolds Group in its acquisition of Dopaco, a food service packaging company.
  • Kering in its €2.5 billion revolving credit facility.
  • BCA Osprey IV in its £217 million senior loan financing and sale to Clayton, Dubilier & Rice.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a 42.5% stake in Univar in a sponsored recapitalization transaction valuing Univar at $4.2 billion.
  • Reynolds Group in the $3 billion senior secured and unsecured notes issuance and $2.02 billion term loan senior secured financing to finance its $6 billion acquisition of Pactiv.
  • Exova in its £155 million high-yield offering of 10.5% senior notes.
  • Novae Group in its letter of credit and revolving credit facility arranged by Lloyds TSB Bank plc.
  • A leading French bank in seizing assets of a LBO corporate debtor, in the context of a possible bankruptcy filing of the debtor in another European country.
  • Reynolds Group in its acquisition of the Reynolds Food and Flexible Packaging group of companies from Reynolds Packaging (NZ) Limited.
  • Reynolds Group in its $6 billion acquisition of Pactiv, a NYSE-listed global manufacturer and supplier of consumer food and beverage packaging and storage products.
  • Cunningham Lindsey in a multi-currency leveraged facility for the refinancing of the acquisition of the Cunningham Lindsey Group.
  • United Biosource in its revolving credit facility.
  • Oaktree Capital Management and Franklin Mutual in the £6.45 billion restructuring of Eurotunnel debt.
  • Reynolds Group in its $1 billion senior notes issuance and a $800 million term loan senior secured financing for the acquisition of the Evergreen businesses and the Whakatane Mill.
  • Stone Point Capital and Hellman & Friedman in obtaining EU merger control approval for their $1.1 billion acquisition of Sedgwick Claims Management Services, the leading global provider of technology-enabled claims and productivity management solutions.
  • Abu Dhabi Investment Council in its loan to an affiliate of Morgan Stanley.
  • American International Group in the proposed sale of AIA Group Limited to Prudential plc for $35.5 billion. (Terminated)
  • John Hancock Life Insurance Company in the private placement of senior secured notes issued by a German premier league soccer club.
  • Clayton, Dubilier & Rice in its acquisition of British Car Auctions.
  • Crossair in a fleet acquisition/financing program in its conversion from a regional European carrier to SWISSinvolving negotiating leases to SWISS of 54 aircraft formerly operated by Swissair.
  • Rexel in its €2.1 billion credit facilities relating to its initial public offering.
  • Northwestern Mutual, along with Apollo Management International and a major global insurer, as mezzanine lenders to Burton's Foods Holdings, an English food manufacturer, in its debt restructuring.
  • Reynolds Group in the issuance of $2.16 billion and €700 million of senior secured notes and loans for its acquisition of the Reynolds Consumer Products and Closure Systems International groups from affiliated entities.
  • Reynolds Group in its acquisition of Reynolds Consumer Products and Closure Systems International and the associated financings and refinancings, a group of transactions valued at $3.2 billion.
  • NLMK in its €175 million facility agreement provided by the European Bank for Reconstruction and Development relating to NLMK's €500 million energy efficiency program.
  • Ingenico in the financing aspects of its acquisition of easycash Beteiligungen GmbH. Financing involved a club deal bank facility of €270 million, including a €210 million term loan.
  • Kering in matters relating to its publicly and privately placed debt instruments.
  • Otkritie UES Capital Partners Fund in financing relating to funds.
  • HarbourVest Partners, as the lead in a consortium with Coller Capital, in the £100 million acquisition of a portfolio of 36 European venture capital investments from 3i Investments plc.
  • Apollo Real Estate Advisors in financing matters relating to its third pan-European real estate fund.
  • Avialeasing in the purchase of Russian Regional Jet aircraft from Sukhoi.
  • International Paper and its Luxembourg subsidiary in a three-year term loan facility, under which the Luxembourg subsidiary raised $468 million.
  • Kering in intra-group debt financing and treasury management affairs.
  • Russian Corporation of Nanotechnologies in its 7.5 billion ruble financing of Nitol Group to construct a high technology production complex in the Irkutsk Region of Russia.
  • Air France-KLM in its €322 million acquisition of a 25% interest in Alitalia.
  • PR-22 and PR-5. A bidding consortium in the recent PPP transaction for the PR-22 and PR-5 toll roads in Puerto Rico.
  • Swiss Re Life & Health in its $1.5 billion letter of credit-based XXX financing with JP Morgan.
  • Park Square Capital in the €250 million multicurrency revolving credit facility provided by Dresdner Bank AG (now Commerzbank) to Park Square Capital Credit Opportunities, LP to finance the repayment of all amounts outstanding under the existing facility agreement owed by Park Square Capital Credit Opportunities SCA.
  • TCW/Crescent Mezzanine Management and GSO Capital Partners in their $625 million mezzanine financing for Vestar's $1.45 billion acquisition of Unilever’s laundry detergents business.
  • Lockton International Holdings in its senior credit facility relating to its acquisition of AFIRS with Stone Point.
  • Clayton, Dubilier & Rice in its £417 million acquisition of Bodycote Testing Group (now Exova) from Bodycote.
  • Merrill Lynch Global Private Equity and Bank of America Capital Partners on the senior, second lien and mezzanine financing of their acquisition, and subsequent sale, of N&W Global Vending.
  • Argan Capital and Merrill Lynch Global Private Equity in the sale of N&W Global Vending to Barclays Private Equity and Investcorp.
  • Doughty Hanson in the €125 million multicurrency term facility provided by The Royal Bank of Scotland PLC to finance investments to be made, directly or indirectly, by Doughty Hanson & Co European Real Estate Fund II.
  • Draexlmaier in the addition of an additional guarantor to its U.S. private placement documentation.
  • Fritz Dräxlmaier GmbH & Co. KG, a German private company supplying sophisticated electronic systems to the luxury automotive sector, in its 2004 private placement with U.S. institutional investors of $400 million senior notes, and several amendments to existing documentation.
  • NLMK in its $1.6 billion pre-export credit facility.
  • Sky Express in the lease of a B-737 aircraft from ACG.
  • The winning consortium in the Pennsylvania Turnpike concession, achieving a fully negotiated concession agreement and fully documented and binding financing commitments for a multisource financing including bank debt and PABs, although the transaction was ultimately not approved by the Pennsylvania state legislature. (Terminated)
  • ING Capital as administrative agent for a syndicate of banks in a $100 million credit facility for Grupo Posadas, S.A. de C.V., the largest hotel operator in Latin America.
  • Pernod Ricard and Pernod Ricard Finance on the financing for the acquisition of Absolut Vodka by means of a €15 billion multicurrency facilities agreement.
  • Rank Group in the $1.6 billion credit facility for its acquisition of the packaging assets of Alcoa.
  • Vivendi in its €3.5 billion financing for the acquisitions of Neuf Cegetel and Activision.
  • Baring Vostok Fund IV in a credit facility.
  • Rank Group in its $2.7 billion purchase of Alcoa’s packaging and consumer businesses.
  • Swiss Re in its €800 million multi-year, multi-peril parametric index European CAT bond program and its associated three-year reinsurance treaty with Groupama.
  • Orenburg Airlines in its lease of a Boeing aircraft from CIT.
  • BNP Paribas and HSBC as underwriters in the €149 million offering by Groupe Steria of subordinated perpetual bonds convertible into and/or exchangeable for new or existing Groupe Steria shares.
  • Stone Point Capital in its acquisition of a controlling interest in Cunningham Lindsey.
  • Tobolsk Polymer in the construction and financing of Tobolsk Polymer Propane Dehydrogeneration/Polypropylene Production Complex.
  • Cross Group in the refinancing of its credit facility with Bank of Scotland.
  • Merrill Lynch and Argan Capital in its €500 million recapitalization to replace existing mezzanine and second lien facilities with additional senior debt.
  • The bondholder committee in the restructuring of Global Automotive Logistics.
  • Longchamp Fund in a credit facility.
  • Commerzbank, Swiss Re, Calyon and Citigroup in establishing a $500 million surplus loan note facility, for Farmers Insurance Exchange.
  • Calyon, Swiss Re, Commerzbank, and Citigroup in establishing a $500 million surplus loan note facility, for Farmers Insurance Exchange.
  • Rank Group in a €900 million high-yield bond facility in its bid for SIG Holding.
  • Globo in its compliance with its debt covenants.
  • Clayton, Dubilier & Rice in the stapled financing associated with its £1.3 billion sale of Brake Bros to Bain Capital.
  • Clayton, Dubilier & Rice in its £1.3 billion sale of Brakes, a leading foodservice distributor in the UK and France, to Bain Capital.
  • Cessna Finance Corporation in its lease of a new Cessna Citation CJ3 to Asia Today.
  • Kering in the financing aspects of its €5.3 billion acquisition of the Puma Group.
  • Rexel in its €2.1 billion refinancing following the company’s IPO.
  • Doughty Hanson in the €450 million equity bridge facility provided by The Royal Bank of Scotland PLC to finance investments to be made, directly or indirectly, by Doughty Hanson Fund V.
  • AXA Private Equity in its co-investment with Kohlberg, Kravis, Roberts in the $26 billion buyout of First Data Corporation.
  • Webasto, one of Germany's major automobile parts suppliers, in its €250 million syndicated loan facility.
  • Aeroflot – Russian Airlines in its $8 billion acquisition of 22 A350XWB aircraft from Airbus.
  • The bank syndicate and financial guarantor in the SH-121 toll road project in Texas, providing commitments for a multi-source financing that included bank, TIFIA and PAB funding to one of the short-listed consortia. (Terminated)
  • Aeroflot in the $250 – 300 million development of a new Moscow airport terminal and high-speed gateway to connect the airport terminals and city centre.
  • Barclays Capital in the private placement of notes issued by a German premier league soccer club.
  • Doughty Hanson in its €450 million bridge facility to be provided by the Royal Bank of Scotland.
  • Hertz in the amendment and restatement of its $2.9 billion international senior bridge facility.
  • Cerberus Capital Management in advice relating to an investment in, and loan to, Scottish Re.
  • Stone Point Capital and Lockton in their $170 million acquisition of the international insurance broking operations of Alexander Forbes Limited.
  • Rank Group in the financing aspects of its acquisition of the SIG Group, a Swiss-based packaging company. The financing consisted of senior facilities of €825 million in aggregate, a subordinated bridge facility of €770 million and a €900 million high-yield bond facility.
  • Brake Bros in its £275 million PIK financing and associated return of capital to shareholders.
  • Catlin Group in $500 million facilities for the acquisition of Wellington Underwriting.
  • Brake Bros in ongoing work after the completion of the initial senior financing with respect to the £295,000,000 senior credit facility for CDRP Acquisition PLC, which acquired Brake Bros PLC.
  • Catlin Underwriting Agencies in its £591 million acquisition of Wellington Underwriting.
  • MBK Partners in its $1.6 billion acquisition of China Network Systems. At the time of signing, this transaction was the largest leveraged buyout in the Asia Pacific region outside of Japan.
  • Providence Equity Partners as the member of a consortium led by The Blackstone Group in its bid for Wind SpA. (Terminated)
  • Calyon in the restructuring of Christie's acquisition finance.
  • Rexel in its $725 million acquisition of GE Supply from General Electric.
  • J.P. Morgan, BNP Paribas and Calyon as underwriters in the $900 million convertible bond offering by Artémis.
  • Sukhoi Civil Aircraft Company in its joint venture with Alenia Aeronatica (a division of Finmeccanica) for the manufacture of the Sukhoi Superjet 100.
  • Ukraine’s largest industrial conglomerate in the negotiation and execution of contracts for the $250 million financing and construction of a new five-star soccer stadium in Donetsk to FIFA/UEFA standards.
  • Doughty Hanson Real Estate Fund in its €150 million bridge facility provided by Bank of Scotland.
  • Discovery, Inc. in its €260 million revolving credit facility and guarantee of a loan to its UK subsidiary.
  • SV Investment Partners in its acquisition of WiLink plc. Debevoise acted as U.S. tax and financing counsel.
  • U.S. institutional noteholders in the private placement of senior notes issued by Mühlhan Surface Protection International GmbH, a leading provider of surface protection services for ships and offshore structures worldwide.
  • BNP Paribas in its facility letter with IDB Holding Corporation, an Israeli company.
  • Legrand in the refinancing of its 2004 €2.2 billion senior credit facility.
  • Spirent plc in the refinancing of its existing debt, in particular, reviewing the implications under its 1999 U.S. note agreement.
  • Technip in amendments to the existing €800 million credit facility.
  • Clayton, Dubilier & Rice, BAML Private Equity and Carlyle in the European $2.9 billion asset-based financing of the $15 billion acquisition of The Hertz Corporation.
  • Clayton, Dubilier & Rice, Carlyle and Merrill Lynch Global Private Equity in their $15 billion acquisition of Hertz from Ford.
  • Indiana Toll Road. Deutsche Bank RREEF Infrastructure in its proposed equity investment as a member of a private consortium in the consortium’s bid for the concession to operate the Indiana Toll Road, in which the winning bid submitted by a competing consortium was $3.85 billion. (Terminated)
  • Merrill Lynch Global Private Equity and Argan Capital in the senior and mezzanine financings for the acquisition of N&W Global Vending.
  • Exponent Private Equity Partners in its £100 million revolving credit facility.
  • Commerzbank AG as arranger of a €140 million refinancing of the senior facilities relating to the acquisition by Alpinvest of Carcoustics International. Debevoise acted as U.S. Counsel.
  • Kering in the amendment to RBS' bilateral facility.
  • U.S. institutional noteholders in the private placement of $252 million senior secured notes by Messer France and Messer Finance Luxembourg and numerous amendment requests.
  • Providence Equity Partners in its acquisition, as a part of a consortium with J.P.Morgan Partners, Quadrangle Group and Thomas H. Lee Partners, of Grupo Corporativo Ono, S.A., the Spanish cable company, and in Ono’s €2.25 billion acquisition of the cable assets of Auna Operadores de Telecomunicaciones.
  • Commerzbank AG as lead arranger on a €100 million multi-currency revolving credit facility for Ubi Soft, a leading international developer, publisher and distributor of interactive entertainment products and the third largest independent European publisher.
  • Pernod Ricard in its $14 billion acquisition of Allied Domecq.
  • U.S. and UK institutional noteholders in the private placement of $100 million of senior notes by Eckes AG, a producer and distributor of premium branded fruit-based beverages.
  • Two Japanese companies in their joint venture and, as a consortium, acquisition of 21% interest in the Goro Nickel Development Project, a $1.9 billion project to develop a cobalt-nickel mine in the Goro area of New Caledonia and construct a hydro-pressue acid leaching facility.
  • Kering in syndicated credit facilities of €2.5 billion in October 2002 and €500 million in June 2002.
  • Clayton, Dubilier & Rice, Eurazeo and BAML Private Equity, in the €2.4 billion senior financing and €600 million high-yield offering for the €3.7 billion acquisition of Rexel.
  • Rexel in various loan agreements.
  • Aeroflot in its $100 million syndicated credit facility.
  • Providence Equity Partners in its refinancing for KDG, a portfolio company owned by Providence, Goldman Sachs and Apax.
  • Kering in bilateral loan matters.
  • Clayton, Dubilier & Rice, Eurazeo and BAML Private Equity in their €3.7 billion leveraged buyout of Rexel.
  • Eutelsat in its €650 million seven-year term loan and €650 million seven-year revolver, with BNP Paribas, Calyon, Ixis and RBS as mandated lead arrangers and underwriters.
  • Culligan Finance in its €185 million offering of 8% senior subordinated notes due 2014 in connection with an acquisition.
  • HarbourVest Partners in senior and mezzanine debt participation in Betapharm Arzneimittel.
  • Jelmoli in the private placement of $190 million of senior notes and the proposed restructuring and ultimate prepayment of its senior notes.
  • Credit Suisse First Boston and Goldman Sachs Credit Partners as lead arrangers in the $485 million senior secured credit facilities for Meridian Automotive Systems.
  • VWR International in its senior secured $150 million revolving credit facility and $415 million and €145 million term loan facilities on VWR's acquisition of a laboratory supplies distributor, from Merck KGaA, the German pharmaceuticals company.
  • BNP Paribas in its €100 million senior financing for the leveraged buyout of Editions du Seuil by Martinere Group.
  • Aeroflot in the restructuring of its fleet of 27 Western-produced passenger aircraft and in the expansion of its long-haul fleet, for which Aeroflot won Airfinance Journal's “2002 Editor’s Deal of the Year” award.
  • Deutsche Bank Securities in the financing of an acquisition by a majority shareholder of a minority  shareholder's equity interest in an Argentine joint venture.
  • Valentia Telecommunications in its €550 million offering of 7.25% senior notes due 2013, followed by a registered exchange offer.
  • Distribuidora Comercial Jafra and Jafra Cosmetics International, Clayton, Dubilier & Rice portfolio companies, in their $200 million offering of 10.75% senior subordinated notes due 2011.
  • Jafra Cosmetics International, a Clayton, Dubilier & Rice portfolio company, in its letter of credit, swingline loan, term loan and revolving credit facilities totaling $108 million.
  • Brake Bros. in its €105 million offering of 11.5% senior notes due 2011.
  • Calyon and Credit Lyonnais as underwriters in Fimalac's $100 million preferential subscription rights offering listed on the Premier Marche.
  • Credit Suisse and Salomon Smith Barney as lead underwriters the $225 million offering by FairPoint Communications of 11.875% senior notes due 2010.
  • BNP Paribas as senior lender in the offering of €35 million in subordinated bonds in connection with its purchase and refinancing of Nocibe S.A. and Damave, a perfume retailer.
  • Oaktree Capital Management and the largest bondholder group in the restructuring of approximately $1.6 billion in debt of Global TeleSystems.
  • Credit Suisse and Salomon Smith Barney as lead underwriters in the $150 million offering by IESI of 10¼% senior subordinated notes due 2012.
  • EVM, Brazil - the lenders on the leveraged lease financing of development of Espadarte, Voador and Marimba oil fields in Campos Basin of Brazil.
  • Globo in the restructuring of in excess of $1.3 billion of international bond and international and Brazilian bank debt.
  • Deutsche Bank Securities and J.P. Morgan Securities as lead underwriters in Salem Communications' $150 million offering of 9% senior subordinated notes due 2011.
  • XL Capital Assurance as Financial Guarantor in the multi-source permanent project financing of the SCUT Algarve shadow toll road in Portugal in 2001, financed by the issuance of bonds in the amount €126.5 million of 27-year bonds listed on the Luxembourg Stock Exchange, a €130 million term loan facility from the European Investment Bank and a €25 million revolving credit facility made available by commercial banks. The shadow toll road is being constructed pursuant to a concession granted by the Portuguese government under the SCUT program of road privatizations.
  • Telia as shareholder of Netia Holdings in Netia’s €100 million offering of 13½% senior notes due 2009.
  • Providence Equity Partners in the €100 million offering by Tele1 Europe B.V. of warrants and 13% senior notes due 2009.
  • Carrier1 in its €85 million offering of 13.25% senior euro notes due 2009 and euro warrants.
  • Baring Asia Private Equity Fund IV in the $175 million 364-day revolving credit facility provided by Deutsche Bank, Singapore Branch to Baring Asia Private Equity Fund IV to finance its investments going forward and to bridge investor calls for investments.
  • Doughty Hanson in the €50 million multicurrency term facility provided by The Governor and Company of the Bank of Scotland to finance investments to be made, directly or indirectly, by Doughty Hanson & Co V LP 1 and Doughty Hanson & Co V LP 2.
  • Novae Group in its $45 million letter of credit and £15 million revolving credit facility agreement relating to the transfer of its insurance business and reserves to Lloyd's Syndicate 2007.
  • Trustees of the 1983 Sea Containers Pension Scheme, the largest creditor of Sea Containers Limited in its Chapter 11 restructuring involving ground-breaking cross-border pension issues.
  • AREA Property Investors in the €50 million subscription-line financing facility provided by Barclays Bank Plc to Apollo European Real Estate Fund III to finance the fund's investments going forward and to bridge investor calls for investments.
  • SPIE in the restructuring of its senior facilities for the purpose of a material acquisition.
  • BAT Industries in proceedings arising from the $1 billion clean-up of the Fox River in the U.S., including proceedings brought by BAT in the High Court against Appvion and Windward Prospects (certain companies which used to form part of the BAT Group) and proceedings seeking to ensure the recovery of around $800 million in dividends paid by Windward to a company called Sequana.
  • NLMK in a €500 million collateralised facility agreement among NLMK Sales Europe, NLMK Coating, and NLMK Verona as borrowers, Novolipetsk as guarantor and Deutsche Bank as facility agent.
  • NLMK and its subsidiary Steel Invest & Finance (Luxembourg) in a €50 million facility with The Royal Bank of Scotland.
  • NLMK in a tender offer in respect of its $800 million 4.45% loan participation notes due 2018 and $500 million 4.95% loan participation notes due 2019 (issued by Steel Funding Limited) in the aggregate principal amount of $121.7 million.
  • Syncora Holdings and its subsidiary, Syncora Guarantee, in the subsidiary's comprehensive $6 billion restructuring relating to its transactions with various financial institutions that were counterparties to its credit default swaps and holders of residential mortgage-backed securities that it guaranteed.
  • Anchorage Capital Group the insolvency of Lehman Brothers Bankhaus in Germany.
  • Pinault-Printemps-Redoute Finance in bilateral loan matters.  
  • DB Secondary Opportunities Fund II, LP in the $100 million uncommitted bridge facility provided by Lloyds TSB Bank PLC to DB Secondary Opportunities Fund II, LP to finance its investments going forward and to bridge investor calls for investments.
  • CHC Group in its $145 million asset-based loan financing.
  • Park Square in the formation of Park Square Capital Credit Opportunities II, a $2.4 billion senior debt programme.