Ashurst have acted for Lloyds TSB Bank plc on the financing of Lion Capital's acquisition of GHD. Lloyds has fully underwritten the £150m all-senior leveraged buyout package backing the take-over of the UK hair care products manufacturer from Montagu Private Equity. The debt package has now been syndicated.

GHD manufactures hair care products distributed throughout the world.  The Ashurst team on the deal included lawyers in the London, Paris, Milan, Frankfurt, Stockholm, New York and Sydney offices with separate local counsel instructed in Denmark, South Africa and New Zealand.

Other legal counsel on the transaction included SJ Berwin acting for Lion Capital and DLA acting for Montagu Private Equity.

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