White & Case LLP has advised BNP Paribas and J.P. Morgan, as mandated lead arrangers, bookrunners and underwriters, on the US$13.1 billion bridge loan facility that was established to finance the acquisition of the WhiteWave Foods Company (WhiteWave) by Danone.
Shearman & Sterling represented Interoute Finco plc, a wholly owned subsidiary of Interoute Communication Holdings S.A. ("Interoute"), on its new €275 million term loan facility agreement and its new €75 million revolving credit facility agreement. Part of the net proceeds from the new term loan was used to refinance Interoute's existing senior secured floating rate notes due 2020. Interoute is the owner operator of Europe's largest network and a global cloud services platform.
Ashurst is advising life and pensions consolidator Chesnara plc, owner of Countrywide Assured, on its placing and open offer to raise approximately £70 million to part-finance the proposed €160 million acquisition of Legal & General Nederland Levensverzekering Maatschappij N.V ("Legal & General Nederland") by Chesnara Holdings B.V. The balance of the consideration is to be satisfied by new Chesnara Group debt facilities totalling £100.2 million, on which Ashurst has also advised, as well as from existing cash resources.
Slaughter and May, working as part of an integrated team with Cravath, Swaine & Moore LLP, advised INOVYN Finance plc on the repricing of its existing term facilities under its Senior Secured Credit Agreement. Amendments to the agreement, among other things, decreased the interest rates applicable to outstanding loan borrowings and modified amortisation instalments.
Contacts
Financing: Caroline Phillips (Partner), James Costi (Associate), Alexander Short (Associate)
London – Paul Hastings LLP, a leading global law firm, announced today that it has advised HSBC, Lloyds and ING in relation to a new revolving credit facility which will replace Brammer plc’s existing financing upon Advent International acquiring the company.
The proposed acquisition of the company, announced today, by Advent International will proceed via a scheme of arrangement.
Brammer is a London-listed supplier of maintenance, repair, and operations products serving more than 100,000 clients in a wide range of manufacturing sectors across Europe.
Shearman & Sterling has advised International Chemical Investors Group (“ICIG”) in connection with an export credit facility and a further credit facility of more than €50 million for its subsidiary VYNOVA Belgium B.V. (“VYNOVA”).
Ashurst advised a syndicate of banks comprising Banco Bilbao Vizcaya Argentaria S.A., Banco Santander S.A., Credito Valtellinese, MPS Capital Services Banca per le Imprese S.p.A., Natixis S.A. and UBI Banca S.p.A. as lenders and mandated lead arrangers in relation to a €66.72 million facilities agreement (comprising a €62.72 million term loan and a €4 million revolving credit facility) entered into by the 9REN Group, a leading European renewable energy company owned by First Reserve.
Ashurst advised SEB AG as sole lender on financing the acquisition of Cherry GmbH by Hamburg-based private equity firm Genui. The leading manufacturer of mechanical keyboard switches was sold by technology group ZF Friedrichshafen. The parties have agreed not to disclose the purchase price nor the financing volume.Prior to the sale, ZF had separated the Cherry Group from the ZF Group to concentrate more on its core business. Since then, Cherry has been independently active on the market.
The Firm represented JPMorgan Chase Bank, N.A. in connection with $475 million of term loan financing and $75 million of revolving credit financing to NICE Systems Inc. in connection with NICE Ltd.’s announced acquisition of inContact, Inc.
NICE Ltd. is the worldwide leading provider of both cloud and on-premise enterprise software solutions. inContact, Inc. is a cloud contact center software leader.
EMERAM, based in Munich, is an independent private equity firm for German-speaking mid-cap companies. The equity capital for this transaction was provided by funds advised by EMERAM Capital Partners to drive the development of companies, drawing upon a fund volume of EUR 350 million. EMERAM focuses on long-term business development partnerships in five industry sectors: consumer goods, retail, industrial goods, business services and healthcare.