Weil, Gotshal & Manges has advised the lenders to Goldman Sachs Merchant Banking Division who, together with Koch Industries Inc., acquired Luxembourg-based Flint Group, the global supplier of inks and other print consumables, from CVC Capital Partners. Weil advised Deutsche Bank and Morgan Stanley as Lead Arrangers and Deutsche Bank, Morgan Stanley, Goldman Sachs and Barclays as Joint Bookrunners. Completion is scheduled for H1 2014.
Weil has been at the forefront of yankee financings, leading the trend for European companies accessing the greater liquidity (and more favorable deal terms) in the US finance markets. Recent yankee financings executed by Weil include advising Montagu Private Equity on its binding offer to Rexam plc’s Healthcare Devices and Prescription Retail divisions alongside management, Charterhouse Capital Partners on its acquisition of Armacell, and acting for the lenders on Carlyle’s acquisition of Chesapeake.
This significant deal is one of a number of multi-billion Euro situations that Weil has advised on in this quarter alone. Further Q1 mandates have included advising the lenders on the financing of Advent International and Bain Capital’s $3.1 billion acquisition of Nordic payment company Nets, Advent International’s €1.2 billion acquisition of Netherlands-based software company Unit4 and Hellman & Friedman’s €1.7 billion acquisition of German online marketplace retailer Scout24.
Weil fielded a multi-jurisdictional team for the Flint acquisition which involved lawyers in the UK, Germany and the US. The core team comprised Banking partners Chris McLaughlin, Stephen Lucas and Gil Strauss assisted by Kirsteen Nicol in London, Banking partner Tobias Geerling and associate Wolfgang Süss in Munich, and Banking partners Dan Dokos, Doug Urquhart, Morgan Bale and Danek Freeman assisted by Peter Puk and Justin Lee in Weil’s New York office.