Shearman & Sterling represented Credit Suisse Securities (Europe) Limited, Commerzbank Aktiengesellschaft and Natixis on Magnolia (BC) S.A.’s €325 million offering of 9.00% Senior Secured Notes due 2020 in connection with the leveraged buyout of Ginkgo B. Company S.A.S. and its subsidiaries (the “Maisons du Monde Group”) by Bain Capital Europe Fund III, L.P. (“Bain Capital”) (the “Acquisition”). The net proceeds of the offering, which closed on July 31, 2013, together with equity contributions by Bain Capital and the sellers, were primarily used to fund the Acquisition, which completed on August 9, 2013, and repay certain existing indebtedness of the Maisons du Monde Group.

The Maisons du Monde Group is a fast-growing multi-channel European retailer of stylish and affordable homeware, with a network of 227 stores in France, Italy, Belgium, Spain and Luxembourg, as well as online sales in 11 European countries as of June 30, 2013.

The Shearman & Sterling team of lawyers from the firm’s London, Paris and Washington, DC offices included capital markets partner Apostolos Gkoutzinis and associates Marwa Elborai, Randy Nahlé and Arthur Ravignon; finance partner Arnaud Fromion, counsel Gabrielle Wong and associates Frédéric Guilloux, Monsiree Jirasarunya and Leona McManus; and tax partners Kristen Garry and Iain Scoon and associates Melissa Henkel and Jack Prytherch. Associates Kara Major, Yaw Asare, Dimosthenis Papanikolaou, Ana Stefanovic Grbec and Caitlin Ludwigsen, trainee solicitor Yuki Chan and trainee Camille-Raphael Arnaud de Vigny also provided assistance.