Global law firm White & Case LLP has advised a bank syndicate on the €780 million refinancing of Cheplapharm Arzneimittel GmbH (Cheplapharm).
The transaction is comprised of a term loan B cov-light facility of €530 million with a seven-year term, and a revolving loan of €250 million with a six-year term.
Davis Polk advised the joint lead arrangers and joint bookrunners and the administrative agent in connection with a $2 billion unsecured revolving facility to be provided to The Sherwin-Williams Company. The facility will be used for general corporate purposes, including the financing of working capital requirements.
A team from Clifford Chance has advised 11 Russian and international banks on an US$825 million facility for Uralkali, one of the world’s largest potash producers. The facility will be used to refinance existing loans and for general corporate purposes.
Willkie acted for the creditors in relation to a €65 million cov-lite second lien facility backing Astorg’s acquisition of Dutch group IGM Resins from Arsenal Capital Partners.
Travers Smith LLP has advised client S4 Capital Limited, Sir Martin Sorrell's investment vehicle, on S4 Capital's acquisition of MediaMonks, the world's largest and fastest growing premium creative production company with a global presence.
Ashurst advised UniCredit Bank AG (UniCredit) on the financing of Freenet AG's acquisition of a stake in Ceconomy AG, the owner of electronic retail chains Media Markt and Saturn. UniCredit provided mobile phone provider Freenet with an investment bridge loan of €280 million. With the help of the loan, Freenet secured, within the framework of a capital increase, 9.1 percent of the ordinary shares of Ceconomy. The capital increase will later be refinanced via the capital market. In the financing, UniCredit acted as bookrunner, coordinator, facility agent and sole lender.
Intergamma, known for the DIY-formulas Gamma and Karwei in The Netherlands and Belgium, has completed the acquisition of Van Neerbos Groep. With 156 stores, Van Neerbos Groep was the largest franchisee of Intergamma before the acquisition. As a result of the acquisition, Intergamma now consists of own stores as well as franchisees. Clifford Chance has acted for the lenders on the financing of this acquisition.
Doctari, a Berlin-based healthcare staffing company, was acquired by Vitruvian Partners.
Willkie acted as legal advisor to Permira Credit Solutions III G.P. Limited with respect to the financing for a partnership between Vitruvian Partners and doctari.
Founded in 2008, doctari is one of the leading HR service providers in the German health care sector with 100 employees. As of 2018 doctari matched 15,000 trained specialists with 5,000 medical facilities.
Allen & Overy has advised Fortune Fountain Capital Limited (FFC), a prominent Asian financial services and wealth management group, on its senior and mezzanine facilities used to fund the acquisition of circa 88.8% of the share capital in Baccarat S.A., the iconic French company best-known for its fine crystal and glassware.
Law firm Stephenson Harwood LLP has advised Acacia Pharma Group on a $30 million credit facility from Hercules Technology Growth Capital.