Experience

• • 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.
  • 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.
  • 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.
  • A leading alternative investment management firm in a fundraising vehicle that issues rated notes and equity interests and invests the proceeds in various credit funds.
  • Tikehau Capital in its $300 million inaugural collateralized fund obligation.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisitions of Atalian and OCS to create a global facilities management platform.
  • Smartly.io, the leading social advertising platform, in its acquisition of Ad-Lib.io, the creative optimization platform.
  • Warner Music Group in its private offering of $540 million senior secured notes.
  • International Paper, a global producer of renewable fiber-based packaging and pulp products, in financing arrangements related to the separation and spin-off of its global printing papers business, Sylvamo.
  • Warner Music Group in its private offering of €445 million euro-denominated senior secured notes.
  • Park Square Capital in the formation of Park Square Capital Partners IV, a €2.2 billion subordinated debt fund.
  • Warner Music Group in the financing aspects of its initial public offering of 77 million shares of Class A common stock at a public offering price of $25.00 per share, representing an approximately $1.925 billion offering.
  • 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.
  • Carlyle in the financing aspects of its $1.8 billion acquisition, with T&D Holdings, of a majority interest in Fortitude Re.
  • InterXion in the financing aspects of its combination with Digital Realty, valuing InterXion at $8.4 billion.
  • A leading international private equity firm in the creation of a novel structured finance product which raised $700 million from various investors in the form of rated notes and equity. The transaction was structured to address insurance company risk-based capital charges when investing across a diverse portfolio of alternative fund products.
  • Elliott Management in the financing aspects of its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
  • Navis Capital Partners in its subscription facility with JP Morgan for Navis Asia Fund VIII LP.
  • 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.
  • Brand Industrial Services in its accounts receivable securitization facility with PNC Bank National Association.
  • Clayton, Dubilier & Rice and TRANZACT in the financing aspects of the $1.3 billion sale of TRANZACT to Willis Towers Watson.
  • An Asian mid-market equity fund in a $60 million revolving credit facility.
  • Solenis International in its multi country accounts receivable factoring facilities with ING Luxemburg SA and MUFG Bank.
  • A leading Chinese private equity firm in a $170 million umbrella subscription line facility with Citibank N.A.
  • International Paper in the $1.8 billion combination of its North America Consumer Packaging business with Graphic Packaging.
  • FountainVest in its subscription line facility with CitiBank for FountainVest China Capital Partners Fund III.
  • Drive DeVilbiss Healthcare in its $100 million accounts receivable factoring facility with ING Luxemburg SA.
  • Caisse de dépôt et placement du Québec in its investment in Datamars.
  • Warner Music Group in a two–part refinancing transaction, including its offer and sale of $250 million 4.875% dollar-denominated senior secured notes due 2024 and an offering of €345 million 4.125% euro-denominated senior secured notes due 2024 and the retirement of $450 million of outstanding dollar-denominated senior notes and €157 million of euro-denominated senior notes.
  • Tranzact in a securitization facility with Leadenhall Capital Partners supported by insurance renewal commissions.
  • Warner Music Group in its $300 million offering of 5% senior secured notes due 2023.
  • 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.
  • 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.
  • 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).
  • Kelso & Company in the financing aspects of its acquisition of Sirius Computer Solutions, a leading national IT solutions integrator.
  • Providence Equity Partners and SRA in the merger of SRA with the government services unit of CSC, creating the largest pure-play IT services provider serving the U.S. government sector.
  • Kelso & Company in the financing aspects of its acquisition of US LBM Holdings, a building products distributor, from BlackEagle Partners.
  • Park Square in the formation of Park Square Capital Credit Opportunities II, a $2.4 billion senior debt programme.
  • Rexel in its €500 million offering of 3.250% senior notes due 2022.
  • UCI in the $257 million sale of its Wells vehicle electronics business to NGK Spark Plug Co.
  • International Paper, Bain Capital, Unisource Corporation and Veritiv Corporation in the $1.4 billion ABL credit facility entered into by Veritiv, a publicly traded corporation resulting from the spin off of International Paper’s xpedx distribution solutions business followed by the merger of the spun off entity with Unisource in a “Reverse Morris Trust” transaction.
  • Schneider Electric in the sale of its custom sensors and technologies division to Carlyle and PAI, based on an enterprise value of $900 million, and its reinvestment of approximately $100 million.
  • American International Group in the financing aspects of the sale of its 100% interest in International Lease Finance Corporation to AerCap Holdings N.V. for $7.6 billion.
  • The Special Committee of the Board of Directors of Dell in the financing aspects of the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
  • Warner Music Group in its acquisition of the Parlophone Label Group from Universal Music Group.
  • Kelso & Company in the financing aspects of its acquisition of PowerTeam Services from CIVC Partners and True North Equity.
  • 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.
  • Hertz Global Holdings in its $2.3 billion acquisition of Dollar Thrifty Automotive Group.
  • Warner Music Group in the $1.5 billion refinancing of its existing secured notes and revolving credit facility.
  • International Paper in the financing aspects of its $4.3 billion acquisition of Temple-Inland.
  • Reynolds Group in the financing aspects of its $4.5 billion acquisition of Graham Packaging.
  • Access Industries in the financings for its $3.3 billion acquisition of Warner Music Group.
  • 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.
  • Providence Equity Partners in the financing aspects of its $1.9 billion going private acquisition of SRA International.
  • Rank Group in the financing aspects of its $950 million acquisition of Honeywell’s automotive consumer products group.
  • Rank Group in the financing aspects of its $980 million acquisition of UCI International, a North American automotive products business.
  • International Paper in the financing aspects of its $2.2 billion acquisition of Weyerhaeuser’s pulp business.
  • Clayton, Dubilier & Rice and Kohlberg Kravis Roberts in the financing aspects of the $7.1 billion acquisition of US Foods.
  • International Paper in the financing aspects of its $6.1 billion sale of six million acres of U.S. timberlands to an investor group led by Resource Management Service and an investor group led by TimberStar.